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Australia ‘cannot remain a prison island’ indefinitely: Rita Panahi11/05/2021|5min While Australia is in a good position compared with the world, “don’t for a second be fooled” into thinking we’re not paying an enormous price for that good fortune, says Sky News host Rita Panahi. It comes ahead of the federal budget, which Ms Panahi says will be “sold as a feel-good budget”. “This country is in debt like never before,” she said. “The big spending government largesse has put the next generation into debt; your children and grandchildren will be paying back this debt for d...

‘The politics here are horrendous’: Unpopular decisions needed for budget repair By Lachlan Maddock 03 May 2021 Despite its “red hot recovery”, Australia will likely need to save in the order of $40 billion a year if it wants to get the budget back into balance in the face of weak growth and business spending.  While Australia is enjoying one of the sharpest recoveries in the world, the “smartest way” to repair the budget still means avoiding attempting to do that before unemployment is “comfortably under 5 pe...

   UKUSA Agreement The United Kingdom – United States of America Agreement is a multilateral agreement for cooperation in signals intelligence among the United Kingdom, the United States, Canada, Australia, and New Zealand. The alliance of intelligence operations is also known as Five Eyes. It was first signed in March 1946 by the United Kingdom and the United States and later extended to encompass the three Commonwealth realms of Canada, Australia and New Zealand. The UKUSA Agreement was a follow-up of the 1943 BRUSA Agreement, the World War II agreement on c...

Apr 23, 2021 06:21 GMTFXStreet News GBP/USD consolidates the heaviest losses in nearly two weeks. Vaccine hopes, doubts over Biden’s capital gains tax hike proposal portray mild risk-on mood. Brexit jitters renew ahead of April 27 deadline, French fisherman eyes blockade ports over no access to UK waters. CBI hints British factories expect strongest rebound since 1973, Retail Sales for March, April’s preliminary PMIs bear upbeat forecasts. GBP/USD stays mildly bid around mid 1.3800s, up 0.11% intraday, while heading into Friday’s London open. In doing so, the cable pares the heaviest lo...

The government’s recovery plan isn’t ambitious enough and faces severe headwinds as the vaccine roll-out slows, according to the Grattan Institute.