Shutterstock“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation. The last time the world experienced it was the early 1970s, when oil-exporting countries in the Middle East cut supplies to the United States and other supporters of Israel. The “supply shock” of a four-fold increase in the cost of oil drove up many prices and dampened economic activity globally. Stagflation was thought left behind. But now there is a real risk of it
Around 600 beehives have been destroyed and eight properties infected as NSW attempts to stop the spread of the varroa mite, with authorities confident of containing the outbreak.About 440 beekeepers are impacted while the eradication zone has been expanded to about 25 kilometres north of Newcastle where the mite, which is deadly to bees, was first detected.
Assistant Treasurer Stephen Jones is adamant that the former Morrison government deserves no credit for Australia maintaining its triple-A rating, saying Labor inherited an atrocious set of budget books.Global credit rating Moody's Investors Service affirmed Australia's triple-A rating on Tuesday, saying it expects its wealthy and resilient economy will continue to grow solidly in the medium term.
Hong Kong has overcome its challenges and "risen from the ashes", China's President Xi Jinping says, arriving in the former British colony to celebrate 25 years since its return to Chinese rule.Xi is to swear in the global financial hub's new leader, John Lee, on Friday during his first visit to the city since 2017, which is also his first known trip outside the mainland in more than two years, amid the COVID-19 pandemic.
A $264 million olive branch has been extended to rail workers to ease train safety concerns and avert more disruption, but their union says it has been "burnt too many times" to take the verbal deal.The Rail, Tram and Bus Union has been locked in long-running negotiations with the government over safety modifications it wants on the $2.
Australia will fail on emissions reduction without changes to the carbon credit scheme that was set up to shrink industrial pollution, new research shows.Modelling prepared by research firm RepuTex Energy for the Carbon Market Institute examines what changes are needed for the so-called Safeguard Mechanism to achieve net zero emissions by 2050, or sooner.
A Victorian woman who crashed a car after smoking cannabis, killing her sister and brother-in-law and seriously injuring her young daughter, will not serve any jail time.Katunga woman Amberly Hendy, 31, admitted driving dangerously on the Goulburn Valley Highway on the afternoon of September 6, 2019.
The offender covered the bike with post-it notes stuck down with tape. Source: Supplied/Sam Woodcock
Five-time world champion Carissa Moore has booked her spot in the World Surf League finals with a heroic win in Brazil to further extend her lead in the rankings over Australian Stephanie Gilmore.Moore left it late to edge France's Johanne Defay in the final near Rio de Janeiro, marking the 25th tour victory of her career.
Image from big beautiful female theory by Eloise Grills (Affirm Press). Affirm PressSam Wallman and Eloise Grills are both well known and much loved in the Australian comics scene. Their respective new books, Our Members Be Unlimited (Scribe) and big beautiful female theory (Affirm Press) mark the first time with a mainstream publisher for each of them. Traditional publishing offers these authors the potential to reach new audiences and gain wider critical attention. Review: Our Members Be Unlim
The property rental platform announced the change on Tuesday after an 'effective' trial period. Find out more.
The operating licence for Nyrtar's Port Pirie smelter has been renewed after an improvement in air lead emissions over the past 12 months.The Environment Protection Authority said the licence would be renewed for another year but with increased conditions, including a requirement for the company to update its environment improvement program and improve wastewater emissions.
Scotland's First Minister Nicola Sturgeon has announced plans for a second referendum to be held on Scottish independence in October next year, vowing to take legal action to ensure a vote if the United Kingdom government tries to block it.Sturgeon said the Scottish government, which is led by her pro-independence Scottish National Party, would publish a referendum bill later, outlining plans for the secession vote to take place on October 19, 2023.
The Duchess of Sussex says the decision by the United States Supreme Court to roll back abortion rights tells women they "don't matter".Meghan has also spoken of her and Harry's "guttural" reaction to the decision, saying: "He's a feminist too.
Confirmed cases of monkeypox in Nigeria could reach their highest level in five years if the current trend of infections is maintained, the head of the country's centre for disease control says.Nigeria is one of the countries in Africa where monkeypox is endemic.
The passenger pretended he was injured to skip the long queues. Source: TikTok/wolfjenko
A Chinese spacecraft has acquired imagery data covering all of Mars, including visuals of its south pole, after circling the planet more than 1300 times since early last year, state media reports.China's Tianwen-1 successfully reached the Red Planet in February 2021 on the country's inaugural mission there.
The driver found his vehicle covered in a bizarre series of furious post-it notes.
Separate petitions calling for the sacking of a Queensland mayor who admitted crashing her vehicle into a tree east of Brisbane after drinks at a work function have been signed by more than 6200 people.Redlands Mayor Karen Williams - a campaigner against drink driving - concedes she had "several glasses of wine" prior to the crash.
G7 leaders have urged China to uphold the principle of peaceful settlement of disputes by pressing Russia to stop its invasion of Ukraine and dropping its "expansive maritime claims" in the South China Sea.China should pressure Russia to withdraw troops from Ukraine immediately and without conditions, the G7 said, pointing to an International Court of Justice ruling that Moscow suspend its military operation, and related UN General Assembly resolutions.
