‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

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Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

Housing affordability has deteriorated over the past year to reach its worst level since records began in 1995. First home buyers now rely on wealthy families or high-income jobs to enter the market, according to the latest housing affordability report from PropTrack.

Driven by high mortgage rates and increasing home prices, affordability further deteriorated this financial year to the point where a median-income household earning about $112,000 could afford just 14% of homes sold – the smallest share since records began. This share has declined from 43% in just three years.

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Mineral Resources and Woodside donated to WA Labor while it mulled gas policy changes

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A ban on exporting offshore gas was lifted in WA this week, and the Greens say two of the ‘biggest winners’ were the massive resources companies

Western Australian gas companies Mineral Resources and Woodside gave more than $20,000 to WA Labor while it was considering changes to its domestic gas policy that allowed more gas to be exported from the state.

On Thursday the state government lifted a ban on onshore gas being exported, allowing 20% to go overseas until 2031, in a change the premier, Roger Cook, said would boost the state’s gas industry.

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Green Day in Sydney for $500 – is dynamic pricing reserving live music for the rich?

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Ticketmaster and Ticketek claim demand-driven prices mitigate the problem of scalping, when tickets are bought – often by AI bots – and resold at inflated prices

Dynamic ticket pricing helps combat ticket scalpers, the company behind $500 Green Day tickets claims – but music industry insiders and consumer groups dispute that, with some concerned the controversial practice skews live events to the rich.

Dynamic pricing – when the cost of products rise and fall according to demand – is well established in Australia, from Uber’s surge prices to utilities and airline fares.

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Russia-Ukraine war: Zelenskyy says Ukraine ‘victory plan’ depends on decisions by allies this year – as it happened

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Ukrainian president tells press conference with Ursula von der Leyen that Ukraine plans to use EU loan for air defence, energy and weapons purchases

Ukraine’s “victory plan” in the war against Russia depends on quick decisions being taken by allies this year, president Volodymyr Zelenskyy said on Friday during a visit by European Commission president Ursula von der Leyen.

Zelenskyy told a joint press conference with von der Leyen that Ukraine planned to use a proposed multi-billion dollar European Union loan for air defence, energy and domestic weapons purchases.

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Russian prisoner freed in swap urges UK not to let hundreds more ‘die off’

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Vladimir Kara-Murza tells Keir Starmer that further exchanges are a matter of ‘life and death’

Vladimir Kara-Murza, a Russian dissident freed in the biggest prisoner swap since the cold war, has appealed to Keir Starmer during a meeting in Downing Street to not let hundreds of political prisoners in Russia and Belarus quietly “die off”.

Kara-Murza, who was released last month two years into a 25-year sentence after speaking out against the war in Ukraine, said he had told the prime minister on Friday that organising further such swaps was a matter of “life and death”.

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David Lammy examines plans to evacuate Britons from Lebanon

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Officials trying to avoid repeat of Afghan chaos as Israel strikes and foreign secretary tells UK nationals to leave

David Lammy chaired a Cobra meeting to discuss preparations to evacuate remaining Britons from Lebanon, having already urged UK nationals to leave the country amid hostilities with Israel.

The foreign secretary led meetings in Whitehall on Friday as officials try to avoid a repeat of the chaos in which British people scrambled to leave Afghanistan when the Taliban took over in 2021.

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Far-right AfD looking to make German history in Brandenburg state election

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Attention is focused on regional vote this Sunday that could determine the fate of the national government

Björn Höcke shielded his eyes from the bright lights as he peered from the stage into the crowds gathered on a square in front of a gothic church in central Cottbus.

Flanked by the slogans “It’s time for real change” and “It’s time to save our country,” the leader of the far-right Alternative für Deutschland (AfD) in Thuringia swept into Cottbus, the second largest city in the state of Brandenburg, for the party’s final rally before a regional election on Sunday that could determine the fate of Germany’s government.

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Europe has questions to answer over migrant abuse in Tunisia, say MEPs and activists

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EU Commission says it will be sending independent observers to the country to investigate allegations of human rights violations

The European Commission can no longer ignore mounting evidence of the gross human rights violations against migrants and refugees in Tunisia, say MEPs and activists.

The EU has given millions of pounds to Tunisia to reduce migration from north Africa into Europe in a deal that pledges “respect for human rights” and piqued the interest of the UK prime minister, Keir Starmer.

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How the Elon Perry fabrication scandal shook the Jewish Chronicle

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A run of scoops from a writer who came ‘out of nowhere’ has led to intensified questions about the paper’s ownership

Elon Perry gave the impression he was a mover and a shaker.

There are the photos of him alongside Michael Gove – and taking selfies in Downing Street. And there are interviews too.

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With $39 Billion Loan for Ukraine, Europe Moves Ahead Without U.S. – The New York Times

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  1. With $39 Billion Loan for Ukraine, Europe Moves Ahead Without U.S.  The New York Times
  2. European Commission president says she has arrived in Kyiv to discuss support for Ukraine  Reuters
  3. Europe will loan war-torn Ukraine up to $39 billion as part of G7 pledge  CNN
  4. EU unveils plan to lend Ukraine $39B in frozen Russian assets  VOA Asia
  5. Ukraine updates: Von der Leyen in Kyiv announces €35bn loan  DW (English)
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