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Rising reliance on personal income tax signals need for bolder reforms

Jul 19, 2018 13:49 pm UTC| Insights & Views Law

The Parliamentary Budget Office (PBO) has just released a report on trends in Commonwealth taxation receipts. While supporting the expectations of a budget in balance by 2019-20, it exposes worrying trends in the balance...

Think the dual citizenship saga does not affect state parliamentarians? It might be time to think again

Jul 17, 2018 14:13 pm UTC| Insights & Views Law Politics

Over the past year, we have seen 15 federal parliamentarians leave the Australian parliament because of dual citizenship. Under Section 44(i) of the Australian Constitution which has been given a strict interpretation...

Taxpayers will back a carbon tax if they get a cheque in the mail

Jul 14, 2018 10:56 am UTC| Insights & Views Politics Law

Ontarios new premier, Doug Ford, is scrapping the provinces cap-and-trade program, designed to reward businesses that reduce their greenhouse gas emissions, as part of his promise to make gasoline more affordable. Where...

Initial Coin Offering Series

Blockchain Revolution Series

Digital Currency Revolution

South Korean lawmakers to propose bills on cryptocurrency, ICO and blockchain regulation: Report

Jul 12, 2018 10:08 am UTC| Digital Currency Law

South Korean lawmakers are reportedly going to submit drafts of bills on cryptocurrency, initial coin offerings (ICO) and blockchain regulation during an extraordinary session of the National Assembly, The Korea Times...

Restructuring alone won't clean up the banks' act

Jul 12, 2018 06:25 am UTC| Insights & Views Economy Law

Many entrenched motivations for misconduct in the banking sector have been uncovered by the ongoing royal commission. Not least are the conflicts of interest inherent in the major Australian banks providing financial,...

Rethinking the penalties for rape

Jul 12, 2018 06:21 am UTC| Insights & Views Law

The past few years have seen intense bouts of media coverage of high profile sexual assault and harassment cases. However, the #MeToo movement has achieved the kind of momentum and longevity that has rarely been...

Why New Zealanders are feeling the hard edge of Australia's deportation policy

Jul 12, 2018 06:19 am UTC| Insights & Views Law

Deportations of foreigners on temporary visas have been on the rise in Australia since the government amended its immigration law in 2014 to give the Minister for Home Affairs the power to expel people they view as a risk...

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Economy

Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control

U.S. Treasury Secretary Scott Bessent reassured markets on Monday that the global oil supply remains stable, pointing to increased vessel traffic through the Strait of Hormuz as a key indicator of improving conditions....

Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes

Global aluminum prices shot up sharply on Monday, approaching levels not seen in nearly four years after Iranian missile and drone attacks caused significant damage to major smelting facilities across the Gulf region. The...

Goldman Sachs Sees Value in European Real Estate Stocks Despite Sharp Selloff

European real estate stocks have taken a significant hit since late February, tumbling roughly 14% as rising bond yields and widening credit spreads weigh heavily on the sector. According to Goldman Sachs, valuations have...

Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals

Asian currencies traded within a narrow range Monday as geopolitical uncertainty surrounding the U.S.-Israel conflict with Iran continued to weigh on regional sentiment. Most currencies in the region remained under...

Asian Stocks Drop Amid Iran War Fears and BOJ Rate Hike Signals

Asian equity markets declined sharply on Monday as investors reacted to mounting geopolitical tensions surrounding the U.S.-Israel conflict with Iran, while hawkish signals from the Bank of Japan added further pressure on...

Politics

Trump Warns of Iran Strikes as Nuclear Deal Talks Intensify

President Donald Trump signaled cautious optimism Monday over ongoing negotiations with Iran, while simultaneously issuing stark warnings about potential military escalation if a deal fails to materialize. In a Truth...

Ukrainian Drones and the #MadeByHousewives Movement: Kyiv Fires Back at Rheinmetall CEO

Ukraines drone program has become a global flashpoint after Rheinmetall CEO Armin Papperger sparked widespread backlash by dismissing Ukrainian defense innovation as amateur work carried out by women with 3D printers at...

U.S.-Iran War Talks Emerge Amid Ongoing Strikes and Economic Fallout

Diplomatic efforts to end the month-long U.S.-Iran war are gaining momentum, even as military operations intensify across the Middle East. President Donald Trump confirmed Sunday that the United States and Iran have...

Myanmar's Military Chief Steps Down to Pursue Presidency After Controversial Election

Myanmars military leader Min Aung Hlaing resigned as commander-in-chief on Monday to pursue the countrys presidency, marking a significant political shift following the nations first elections since the 2021 military coup...

UNIFIL Peacekeeper Killed in Southern Lebanon as Tensions Escalate

A United Nations peacekeeper was killed and several others were wounded after a projectile struck a UNIFIL position near the southern Lebanese village of Adchit al-Qusayr on Sunday. Indonesias foreign ministry confirmed...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...