Blogotariat

The approach is not doctrinal, but is about speaking frankly to both Washington and Beijing.

Here is a foreign minister speaking about Australia’s China debate: “We Australians tend to have a habit, a cast of mind, which seeks for simplicity, and is uneasy with complexity, in foreign policy. We tend to see issues in terms of simple dichotomies – black or white, either-or, all or nothing.

Australia’s economy ranked 102nd out of 145 countries on the latest Harvard Atlas of Economic Complexity, which measures the diversity and knowledge intensity of a country’s export mix. Australia ranked behind Bangladesh (100) and Senegal (101). The ranking suggests that Australia has become one of the least self-sufficient and sophisticated economies in the world. ABC

The post How Australia’s economy turned African appeared first on MacroBusiness.

New Australian-developed thermal energy storage technology is competitive with traditional fossil fuel technologies at an industrial scale, according to a new study.

Asian share markets are generally weaker across the board as risk markets try to absorb the impact of the latest trade “deal” from the Trump regime while also anticipating some pretty big macro and economic releases in the coming session.  Wall Street is the only light of hope for the bubble boys as earnings continue

The post Macro Afternoon appeared first on MacroBusiness.

New Zealand has experienced a sharp increase in its unemployment rate, which has risen from 3.4% in Q1 2023 to 5.1% as of Q1 2025. New Zealand’s youth unemployment rate has also risen from 10.7% in Q1 2023 to 12.9% as of Q1 2025. However, youth unemployment did decline by 0.5% between Q4 2024 and

The post Reserve Bank fights youth unemployment crisis appeared first on MacroBusiness.

1:33pm – In the electorate of Lyons, Liberal candidate Guy Barnett was elected first, but with only a very small surplus. His colleague Jane Howlett was just 22 votes short of a quota, so his surplus has elected her. She now has a surplus of 172 votes, and those will be distributed next. That shouldn’t take too long. After that, they’ll start knocking out the lowest-ranked candidates.

A carbon price could plug a budget hole as governments are forced to keep supporting renewable energy projects, as LGC prices fall.

Gottiboff is in panic mode at The Australian about the AI revolution: In the next six to 12 months vast numbers of the Australian middle class employed in private sector service industries will either lose their jobs or will feel very insecure. Again, they are totally unprepared for what is ahead. Here in Australia much

The post Let AI tear Australia a new economy appeared first on MacroBusiness.

From Twiggy Forrest today. The Australian. I love my country to my core and will defend it at any cost. I grew up in the great Australian Outback and fell heavily for the land we call our own. I’ve been a builder and creator for as long as I can remember, which led to the

The post Twiggy needs some media advice appeared first on MacroBusiness.

Ian Verrender at the ABC is blunt. Peter Costello pulled the pin on a multi-billion transaction. So did Wayne Swan. Costello in 2001 rejected Royal Dutch Shell’s proposal to take a controlling stake in Woodside while Swan in 2011 put a stop to the Singapore Stock Exchange’s bid to take over the Australian Securities Exchange.

The post How to make Santos work for Australia appeared first on MacroBusiness.

The broken-record business lobby has called on the federal government to lower Australia’s corporate tax rate. Business Council of Australia (BCA) President Geoff Culbert claimed that Australia’s 30% corporate tax rate is the third-highest among wealthy nations in the OECD and has made Australia uncompetitive and lowered invetment and productivity. “Our corporate tax rate is

It was a better day for the ferrous complex as it awaits the July Polibuo meeting, likely on July 31. The underpinnings of demand are still poor. Where official figures can mislead, PBoC surveys are better. Goldman. PBOC released its Q1 and Q2 surveys of bank loan officers, enterprises, and urban depositors on July 25,

The post Iron ore sucked down with Chinese Titanic appeared first on MacroBusiness.