After two back-to-back interest rate hikes by the Reserve Bank of Australia (RBA) in February and March, all eyes are on the next policy meeting set for May. While much attention tends to focus on current inflation, the central bank's latest decision on Tuesday highlights another concern: what people think inflation will be in the future.
WASHINGTON (AP) – Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of Trump’s economic agenda have wreaked havoc on his company, Allen Engineering Corp.
Victoria Police's Illicit Firearms Squad has arrested two people and seized 3D printing equipment during a crackdown on the illegal manufacture of firearms in Melbourne. On 12 August, detectives executed search warrants at homes in Doncaster, Heidelberg Heights, and Viewbank.
Soaring petrol prices are once again making many Australians think seriously about switching to an electric vehicle. As politicians warn Australians not to resort to panic buying, finding constructive ways to reduce your petrol costs has become increasingly appealing. The strikes on Iran have seen prices of Brent crude trade around US$104 (A$150) per barrel.
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected in February, driven partly by a sharp increase in food costs. The Labor Department reported Wednesday that its producer price index – which measures inflation before it hits consumers – rose 0.7% from January, and 3.4% from February 2025. The year-over-year increase was the most since February 2025.
A blazing meteor lit up Victoria's skies on Sunday night, unleashing a powerful sonic boom that rattled homes across the state. The spectacular event occurred just after 7:30pm, with sightings reported from the state's east through to Melbourne, Ballarat, and Bendigo.
HELSINKI (AP) – Heavy social media use contributes to a stark decline in well-being among young people, with the effects particularly worrying in teenage girls in English-speaking countries and Western Europe, according to the World Happiness Report 2026 published Thursday. The report found that Finland is the happiest land in the world for the ninth year in a row.
NEW YORK (AP) - U.S. stocks slumped after a report said inflation was primed to worsen even before the war with Iran sent oil prices spiking. The S&P 500 fell 1.4% for its first loss this week. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite slid 1.5%. Treasury yields climbed in the bond market, which in turn hurt the price of gold.
Collingwood veteran Jeremy Howe was taken to hospital following a heavy head clash with Hawthorn's Jai Newcombe during the Hawks' commanding 17.8 (110) to 6.10 (46) victory at the MCG. The incident occurred in the opening minutes when both players contested a loose ball on the wing, resulting in a sickening head-on collision.
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