Property prices may drop but it’s decades of policy failure, not the budget, to blame
Instead of relying on tax-enhanced speculation, investors must now look at established properties based on actual profitability – leaving space for first home buyers Get our breaking news email, free app or daily news podcastFor decades, Australia’s property market has been defined by relentless price rises, reinforcing the old adage that real estate investment is “as safe as houses”.There’s now a wrinkle in that wisdom. Continue reading...
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GLOBAL BRIEFS - CPA
• China and Indonesia have agreed to deepen military cooperation and expand strategic ties in technology, energy, and minerals to strengthen bilateral relations amid Asian geopolitical competition. • The Dutch public broadcaster Avrotros has withdrawn from the 2027 Eurovision Song Contest, citing concerns that the event's independent and neutral character has been compromised.
Read original · cpa.org.auNepal rescuers race to reach hundreds feared trapped in hydropower tunnels
Workers thought to be stuck in underground areas at 11 sites after last week’s devastating flash floodsRescue teams are working to reach more than 900 missing hydropower workers, hundreds of whom are feared trapped in the tunnels and underground areas of 11 hydropower projects in Nepal after the devastating flash floods, the country’s disaster management authority has said.The death toll from the unprecedented deluge of ice, rock, mud and debris on Wednesday last week has risen to 903, with 16 more dead reported in Tibet. Nearly 5,000 are missing on the two sides of the border. Continue reading...
Read original · theguardian.comBT on track for estimated £2bn windfall from selling old copper amid AI boom
Telecoms company to benefit from rollout of full-fibre broadband and soaring prices for recycled metalBT is on track for an estimated £2bn-plus windfall over the next decade from selling off old copper cabling, as it cashes in on soaring prices amid the AI market frenzy and switches the UK’s network to full-fibre broadband.Copper is one of the main beneficiaries of the “electrification of everything”, essential for the rapid growth of AI data centres, electronics and the fast-growing renewable energy industry. Continue reading...
Read original · theguardian.comGermany poised to identify suspect in Leipzig drone attack on Ukrainian plane
Berlin expected to outline response to incident this month widely speculated to have been coordinated by RussiaThe German government is imminently expected to announce who it believes was behind a suspected drone attack on a Ukrainian cargo plane earlier this month and to outline its response to the incident in coordination with its European and Nato partners.The chancellor, Friedrich Merz, told the public broadcaster ARD in an interview on Sunday evening: “We are in the process of concluding the investigations; we have reached a broad agreement within the federal government on how we will respond, and we will make this clear in the coming days. It won’t take much longer.” Continue reading...
Read original · theguardian.comCisco probably violated Middle Eastern and Muslim employees’ civil rights, US agency finds
Equal Employment Opportunity Commission finds ‘reasonable cause to believe’ tech firm subjected workers spoke up about Palestine to hostile work environmentThe US Equal Employment Opportunity Commission, the agency tasked with enforcing federal anti-discrimination laws, has found that Cisco, the global tech company, probably violated the civil rights of Middle Eastern, Muslim and other company employees.The determination, reached earlier this summer, is believed to be the first by the federal agency finding a major company at fault in connection to pro-Palestinian advocacy that swept campuses and workplaces in recent years. Continue reading...
Read original · theguardian.comA pediatrician is running for Senate. Can doctors change the political debate over health and science?
After Lindsey Graham’s death, Democrat Annie Andrews finds herself in a closely watched race as she seeks to flip his Republican seatAnnie Andrews was a dark horse Democrat challenging a five-term Republican in the US Senate when 314 Action, a political action fund devoted to electing scientists and doctors, first backed her.Now, after the unexpected death of Senator Lindsey Graham, Andrews finds herself in a closely watched race. Donald Trump persuaded South Carolina voters last week to select Graham’s sister, Darline, as the new Republican candidate. They will face off in November in an election still heavily favored to remain in Republican hands in the conservative state. Continue reading...
Read original · theguardian.comBritish family plead with French authorities to release body of relative who died in the Channel
Jasmeet Wadhwa, who fled Taliban persecution in Afghanistan, lost his life in AprilA British family is pleading with French authorities to release the body of a relative that officials have held for five months after he died in the Channel in April.Jasmeet Wadhwa, 32, died while attempting to reach the UK on a dinghy on 1 April with his mother, Harbans Kaur Wadhwa, after they fled Taliban persecution in Afghanistan in January of this year. Continue reading...
Read original · theguardian.comGeorgia police officer put on leave after family’s pet donkey killed during search
Donkey named HeeHaw was shot and killed as authorities reportedly looked on property in search of a missing personA police officer in the US state of Georgia was placed on leave after a family’s pet baby donkey was shot and killed during an early-morning search on their property.The animal’s owner, Hannah Israel, said officers were at her pasture without notification or permission at about 12.45am on Sunday, reportedly looking for a missing person when they encountered the small male donkey named HeeHaw. Continue reading...
Read original · theguardian.comIran’s economy in crisis as US launches new sanctions campaign
Trump’s Operation Economic Outcast is expected to push many Iranians into deeper poverty as food inflation soarsFor many Iranians, the new US sanctions campaign, called Operation Economic Outcast, seems superfluous given the grim economic situation in their country.Iranians are facing runaway food inflation, closed petrol stations and a seemingly never-ending depreciation of the nation’s currency caused by a lack of foreign exchange reserves. Continue reading...
Read original · theguardian.comSmelling test: children need education in sniffing aromas, scientist says
Exclusive: Dr Will Tullett says better understanding of scents can improve wellbeing and perception of the worldChildren need a better education in sniffing aromas, a leading historian of smells has said, noting it may improve their wellbeing and help them understand the world around them.Dr Will Tullett, of the University of York, said pollution had been found to impair people’s olfactory abilities, while many objects and substances today – from margarines to car interiors and even our own homes – were stripped of their original smells and “reodourised” with synthetic scents. Continue reading...
Read original · theguardian.comMinisters consider closing social mobility watchdog as part of planned shake-up
Exclusive: Labour MPs believe SMC has become ineffective and its work ‘should be a core function of government’Ministers are considering a shake-up of the government’s social mobility watchdog that could range from giving it more teeth to abolishing it outright.The move comes amid concerns that the Social Mobility Commission (SMC) – originally conceived under Gordon Brown’s government in 2010 – has become ineffective. Continue reading...
Read original · theguardian.comCan Reform UK recover from its summer horribilis?
Clacton, funding, internal divisions – party prepares for annual conference next week after a season of misstepsSenior Reform UK figures like to boast that the summer time – and parliament’s longest recess – is when the party makes hay.Supposedly, it’s when Nigel Farage and co can muscle in on the news cycle with provocative statements and new policies, painting “establishment” opponents as workshy layabouts. Continue reading...
Read original · theguardian.com