Australians can expect high fuel costs to linger for far longer than the war in Iran

Rising inflation and unemployment mean effects of Iran war could be even worse than the post-Covid cost-of-living crisis

The Guardian
Small petrol stations urge Albanese government to crack down on fuel wholesalers as operators run dry

Businesses ranging from vegetable growers to miners warn of disruption from rising petrol prices and lack of supply

The Guardian
Trump has made it clear Australia is a friend in name only. For Albanese, the pressure at home is rising

Three weeks into the US-Israeli war of choice in Iran, Labor is warning of financial pain. But the economic cost isn’t the only risk here

The Guardian
RBA Raises Rates to 4.10% Amid Inflation and Iran War Pressures http://dlvr.it/TRZM6B #Australia #AustraliaPolitics #BreakingNews #JimChalmers

3 more members of Iran women soccer team leave Australia

MELBOURNE, Australia (AP) — Another three members of the Iran’s women’s soccer team who accepted refugee visas to…
#NewsBeep #News #Headlines #2024-2026Mideastwars #AFCAsianCup #Australia #Australiagovernment #DonaldTrump #Generalnews #Iran #Irangovernment #iranwar #JimChalmers #Politics #Soccer #Sports #Sports-MiddleEast #TonyBurke #Women'ssports #Women'sSoccer #World #Worldnews
https://www.newsbeep.com/436235/

No recession but inflation hike and increased cost-of-living pressure on the way, Jim Chalmers says

Economists predict RBA will raise interest rates this week and in May – days before treasurer unveils budget

The Guardian
Australia news live: new laws to crack down on property underquoting in NSW

Follow the day’s updates live

the Guardian
Capital gains tax discount ‘overwhelmingly’ benefits investors in Australia’s richest electorates, analysis shows

Chief executive of Acoss, who commissioned the study says ‘it’s clear this tax break funnels billions into the wealthiest parts of our country’

The Guardian
Shadow treasurer Tim Wilson is slamming the airwaves, and Treasurer Jim Chalmers, floating "Pyro Jim" as a nickname to highlight his view that, because inflation has not reduced, Chalmers is "pouring petrol on the inflation bonfire" through government spending. Right there is 'Tricksy Tim's' first trick – he quietly goes on to conflate state spending with federal spending to make his case. He then promises to cut income taxes, which is inflationary. He also opposes reducing the capital gains tax discount, which adds to inflation via housing costs. Even though 60% of this discount goes to the top 1% of income earners, he then talks about addressing 'generational inequity' while proposing the opposite. Asked on Radio National where he would cut government spending, he talked about the CFMEU and the NDIS, claiming that past CFMEU corruption is inflationary because it added $15bn to the cost of (Victorian) infrastructure projects. Again he conflates state and federal, not to mention that $15bn is chickenfeed in the national budget. It's a glib Trump-like approach disguising the core Liberal 'values' which are 1. Win at all costs and 2. Make the rich richer and the poor poorer. #auspol #TimWilson #Liberals #JimChalmers
Reserve Bank could hike cash rate twice in 2026 as Australia’s inflation stays stubbornly high

End of government subsidies drives electricity costs up by 19% in the month and leaves power bills nearly a third higher than they were a year earlier

The Guardian