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John Hawkins1

Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
I have a PhD in political science and Masters degrees in Economics and Applied Finance. I have headed the economics division at the Hong Kong Monetary Authority and been a senior economist with the Reserve Bank of Australia, Bank for International Settlements and Australian Treasury and secretary to the Senate Economics Committee.

Oil in Global Economy Series

Petrol is holding up inflation – the 7 graphs that show what's happening to prices and what it will mean for interest rates

Oct 25, 2023 14:27 pm UTC| Economy

Todays figures from the Australian Bureau of Statistics show inflation fell in the September quarter for the third consecutive quarter. But petrol prices kept it uncomfortably high. After reaching a 30-year high of...

Digital Currency Revolution

Fallen crypto king Sam Bankman-Fried was 'perfectly positioned to make a religion of himself'

Oct 24, 2023 09:25 am UTC| Business Digital Currency

A year ago, Sam Bankman-Fried (often called SBF) was on top of the world. He had been on the covers of Forbes, which dubbed him the richest twentysomething in the world, and Fortune the equivalent, for a business leader,...

As treasurer, Bill Hayden set Labor on the path to economic rationalism

Oct 24, 2023 09:21 am UTC| Economy Central Banks

Former Labor leader and governor-general Bill Hayden, whose death was announced on Saturday, is rightly being remembered for introducing Australias first universal healthcare scheme Medibank, which lives on today as...

Blockchain Revolution Series

Are NFTs really dead and buried? All signs point to 'yes'

Oct 02, 2023 06:23 am UTC| Technology

Non-fungible tokens (NFTs) are in dire straits. With the market in a severe downturn, its safe to assume the NFT bubble has well and truly burst. It was never clear why these digital collectables traded for such large...

Central Banking Series

Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Jul 27, 2023 08:46 am UTC| Economy

Australias inflation rate has fallen for the second consecutive quarter. After reaching a 30-year high of 7.8% at the end of 2022, annual inflation as measured by the Bureau of Statistics quarterly Consumer Price Index...

No, the budget does not make further interest rate rises more likely

May 11, 2023 15:50 pm UTC| Economy

Inflation, as Prime Minister Anthony Albanese has said, is a tax on the poor. The great budget challenge for him and Treasurer Jim Chalmers has been to deliver help to Australians struggling with cost-of-living...

Inflation still the 'defining challenge' as Australia's economic activity slows

Mar 04, 2023 12:21 pm UTC| Economy

Australia has recovered better than most from the COVID pandemic. As measured by gross domestic product (GDP), the economy is now 7% larger than it was before the pandemic. Over 2022, the economy expanded by 2.7% more...

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Economy

Time to buy local: war fuel price shocks reveal the folly of a long food supply chain

Most of our food travels many thousands of kilometres across Australia to reach our kitchens. We are highly dependent on a vast web of long-haul trucks to move food between growers, massive food distribution hubs and large...

Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?

Gold has long enjoyed a reputation as a financial safe haven during stormy times. But over the past few months of geopolitical chaos and market panic, the precious metal has moved more like a roller coaster than a steady...

WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions

Trade ministers from around the world convened Thursday in Yaoundé, Cameroon, for a critical four-day summit focused on reforming the World Trade Organization. The high-stakes gathering comes at a turbulent moment...

Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis

Japan is exploring an unconventional strategy to halt the yens ongoing decline directly intervening in global crude oil futures markets. The proposal, first reported by Reuters, signals Tokyos growing frustration as...

U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal

U.S. stock index futures held relatively steady on Wednesday evening after Iran signaled it was reviewing a ceasefire proposal put forward by Washington aimed at ending the ongoing Middle East conflict. The cautious market...

Politics

Russia-Iran Military Alliance Deepens With Drone Shipments Amid Middle East Tensions

Moscow is moving closer to completing a multi-phase transfer of lethal drones, medicine, and food supplies to Tehran, according to Western intelligence sources cited by the Financial Times. The deliveries are designed to...

Iran-U.S. Negotiations: Tehran Reviews American Peace Proposal Amid Ongoing Gulf Conflict

Irans foreign minister confirmed Wednesday that Tehran is examining a United States peace proposal aimed at ending the escalating Gulf war, though officials stressed this falls short of direct negotiations between the two...

FEMA Reinstates $1 Billion Disaster Prevention Grant Program After Court Order

The Federal Emergency Management Agency has announced the resumption of a key disaster prevention initiative after facing legal challenges that forced the reversal of its earlier cancellation. The agency is once again...

Taiwan Arms Deal on Track Despite U.S.-China Summit Uncertainty

Taiwans Defense Minister Wellington Koo confirmed Thursday that the next major U.S. arms sale to the island remains on schedule, revealing that Taipei has already received a formal letter of guarantee from Washington...

G7 Foreign Ministers Gather in France Amid Global Tensions and U.S. Policy Uncertainty

Foreign ministers from the worlds top Western democracies have convened in France this week for a high-stakes two-day summit at the historic 12th-century Abbaye des Vaux-de-Cernay, located roughly 40 kilometers southwest...

Science

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...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...

Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco

Shares of Taiwan-based memory chip manufacturer Nanya Technology soared to their daily limit of 10% on Thursday morning following the companys announcement of a major $2.5 billion private placement deal backed by prominent...

SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion

South Korean memory chip giant SK Hynix has submitted a confidential filing for a U.S. stock market listing in 2026, with sources indicating the move could raise as much as $14 billion. The company intends to offer...

Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push

Meta Platforms made a significant move this week by granting restricted stock units and stock options to several of its most senior leaders, including Chief Financial Officer Susan Li and Chief Technology Officer Andrew...

SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion

Elon Musks SpaceX is reportedly moving closer to going public, with plans to submit its initial public offering prospectus to regulators as early as this week or next, according to a report by The Information citing a...