Slashing migration in Australia could actually push house prices higher, not lower, according to new economic analysis. Economic modelling by KPMG shows that removing migration for the next decade could increase property prices by 2.3% by the mid-2030s compared with continuing migration as planned. Experts warn there are other negative effects on the economy as well. After the temporary post-lockdown migration surge, national attention on the issue has grown. Many Australians see housing as a pressing problem. A survey by JWS Research last November found that 78% of respondents considered housing access and affordability a “national crisis.” The survey also…
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Allies coordinate economic measures to target Moscow’s revenue streams WASHINGTON, Sept 9 — Amid an escalation of Russian strikes on Ukrainian territory, officials from the United States and European Union met in Washington to discuss strengthened sanctions aimed at reducing Moscow’s financial and energy capabilities. The discussions highlighted the importance of a coordinated approach to pressure the Kremlin. The session, held at the U.S. Treasury Department, brought together Treasury Secretary Scott Bessent and EU Sanctions Envoy David O’Sullivan. Delegates focused on further restrictions on Russian oil exports and refining operations, crucial sources of funding for the Russian government, emphasizing the…
Apple will reveal its thinnest iPhone yet at Tuesday’s annual event in Cupertino.The iPhone 17 series will include standard, Pro, Pro Max, and the new iPhone Air.Observers expect iPhone Air to be Apple’s lightest flagship, following its slim MacBook design style.Apple will also unveil Apple Watch series 11 and refreshed AirPods earbuds.Rumors suggest the new AirPods may support live translation like Google’s Pixel Buds.The company will announce launch dates for iOS 26 and macOS Tahoe.Trump’s tariffs could increase iPhone costs and disrupt Apple’s international supply chain.Tim Cook moved production to India and pre-shipped iPhones to limit tariff effects.Apple Intelligence, the…
Israeli forces struck senior Hamas officials in Doha on Tuesday, expanding operations under “Summit of Fire.” Prime Minister Netanyahu’s office confirmed Israel independently planned, executed, and took full responsibility for the attack. Eyewitnesses reported multiple explosions and smoke rising over Katara district in northern Doha. Conflicting Casualty Reports Initial unverified reports claimed four Hamas Political Bureau members died or went missing in the strike. Qatari authorities said no deaths were confirmed but acknowledged residential buildings housing Hamas leaders suffered damage. The Qatari Foreign Ministry condemned the attack as reckless and launched high-level investigations into the incident. Regional Responses and Security…
Factories remain closed Jaguar Land Rover will keep its UK plants shut until at least Wednesday. The company continues to struggle with disruption from a cyber attack that began more than a week ago. Production is suspended at Halewood, Solihull and Wolverhampton. Facilities in Slovakia, China and India are also offline. Assembly line workers have been told to stay home. On 31 August the company shut down its IT systems to prevent further damage. That move caused widespread operational disruption. Efforts to restore systems Jaguar Land Rover says teams are working around the clock to safely bring networks back online.…
French prosecutors accuse Frédéric Péchier of poisoning 30 patients over nine years in Besançon clinics. Twelve victims died. Authorities investigated after Sandra Simard suffered cardiac arrest in January 2017. Investigators found a lethal potassium dose in her anaesthesia bag. Alleged Tampering with Medical Supplies Prosecutors claim Péchier deliberately contaminated infusion pouches to harm colleagues and later assisted during resuscitations, saying he “always had a solution.” Péchier denies all allegations. Victims ranged from 4 to 89 years old. His defence team promises to prove his innocence. Trial Poses Legal and Technical Challenges The court expects the trial to continue until December.…
Justices reverse lower court orderThe U.S. Supreme Court has granted the Trump administration permission to continue immigration raids in Southern California, endorsing an approach that relies on identifying individuals through race, ethnicity, or language. The ruling overturns a July 11 injunction issued by District Judge Maame Frimpong, who concluded the government’s tactics likely violated Fourth Amendment protections against unreasonable searches and seizures. Claims of unlawful detentionsAccording to the lawsuit, heavily armed federal agents in masks carried out patrols that focused on people with brown skin or those speaking Spanish or accented English. Plaintiffs described being detained in ways that felt…
Volkswagen CEO Oliver Blume said the German carmaker is close to a tariff deal with the US, aiming to ease the impact of Trump-era tariffs that have cost the company “several billions.” While tariffs on European cars are set to drop from 27.5% to 15%, Blume called even the reduced rate a burden and highlighted Volkswagen’s planned US investments to secure a better deal. Porsche, sold almost entirely from Germany, is especially affected by tariffs and a weak Chinese market. Blume also showcased a new affordable electric vehicle concept targeting a fifth of Europe’s compact EV market. BMW plans a…
Microsoft confirmed that its Azure cloud platform experienced disruptions after undersea cables in the Red Sea were damaged. The company said users faced slower connections as internet traffic through the Middle East was delayed. Microsoft redirects traffic to reduce impact Microsoft did not specify what caused the cable damage but said it rerouted traffic through alternative paths. It emphasised that services outside the Middle East remained unaffected. Reports over the weekend indicated that the disruptions also affected the United Arab Emirates and parts of Asia. Undersea cables form the internet backbone Cables on the seabed carry international data and are…
US President Donald Trump warned Hamas on Sunday to accept a US-brokered ceasefire that Israel already agreed to. He posted on Truth Social: “Everyone wants the Hostages HOME. Everyone wants this War to end! This is my last warning. There will not be another one.” US Proposal Seeks Hostage Release US Special Envoy Steven Witkoff reportedly delivered the ceasefire proposal to Hamas Sunday. The plan offers US support to end Israel’s military operations in exchange for the immediate release of all hostages. Israel would release up to 3,000 Palestinian prisoners under the deal. Hostages and Urgency Intensify Reports indicate 48…
