Category Archives: Cost of living crisis

Milan braces for more unrest as debate intensifies over Italy’s ‘lost generation’

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Protests and fringe violence expose sharp divide between marginalised and immigrant youth and those with greater prospects

Martina Miccichè was filming riot police kicking and beating a teenager with batons as they dragged him along Piazza del Duomo, the central Milan square hosting its cathedral, when she was struck by a flying object, causing a deep gash and bruising near her right eye.

The journalist had joined hundreds of mostly young people marching through the northern Italian city on Saturday afternoon to protest over soaring living costs and unaffordable housing, echoing the wider wave of economic discontent fuelling protests across Europe.

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Macron accuses Trump and other foreign leaders of ‘stupid comments’ about France unrest

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Leaders criticised for spreading misleading information as France prepares for further protests this weekend

Emmanuel Macron has accused Donald Trump and other foreign leaders of making “stupid comments” about France’s street unrest for political gain, as the country prepared for more protests this weekend.

Speaking during a visit to Qatar, the French president did not name names but said “manipulation of information” after Saturday’s riots had led to “comments that are as unacceptable as they are stupid, from many people, including foreign leaders”.

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Italy to deploy 500 troops to Milan after days of protests and looting

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Government planning tougher security measures as France also says military forces will be deployed

Italy’s government is sending 500 soldiers to Milan and vowed a “firm response from the state” after protests against the cost of living descended into clashes with police, vandalism and looting. Further demonstrations are planned on Saturday.

The government of the far-right prime minister, Giorgia Meloni, also announced new security measures, including an offence of violent participation in ⁠a demonstration, tougher penalties for ⁠rioters, and financial liability for ​parents whose children take part in vandalism and looting.

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‘We are suffocating’: protests spread to Lisbon and Milan as housing and living cost tensions intensify

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Hundreds at Lisbon tent camp demand action, as Giorgia Meloni says march in Italy was exploited by ‘hooligans’

The angry protests that have convulsed Spain and France in recent weeks have spilled over to Italy and Portugal, with rioters clashing with police and setting property on fire in Milan, and a tent encampment springing up in Lisbon over the weekend.

A march in central Milan on Saturday to protest against rising living costs began peacefully but ended with masked rioters throwing stones, paving blocks and other objects at riot police and setting fire to barricades made from bar tables.

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Rent-tech platforms sidestepping credit card surcharge ban with new fees and paid ‘memberships’

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Tenants encouraged to seek free options after online property platforms respond to Reserve Bank’s credit card payment reform

Online property management platforms are charging renters new fees or pushing them on to paid “memberships” to avoid processing costs associated with card payments in the wake of the ban on surcharges.

Tenants have been encouraged to challenge or bypass additional fees charged by so-called rent-tech platforms, including in Victoria, where fees on rent payments are banned.

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Australian consumer confidence plunges to worst level since 1990s after RBA rate rise

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Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011

Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth rate rise this year.

Confidence among Australian consumers has plunged about 20% since the Reserve Bank of Australia lifted interest rates to the highest levels since 2011, according to the Westpac–Melbourne Institute consumer sentiment index.

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Iran war and high living costs fuelling last-minute holiday bookings, Tui says

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Geopolitics and cost of living crisis have cost Europe’s largest travel company €60m so far

Holidaymakers are waiting until the last minute to book their trips because of the continuing uncertainty caused by the war in Iran and the cost of living crisis, according to Tui, Europe’s largest travel company, which said the war had cost it €60m (£51m) so far.

In the weeks after the outbreak of the war at the end of February, Tui recorded a temporary drop-off in customers wanting to travel to Cyprus or Turkey, in what the company called a “volatile market”.

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Australia news live: Brisbane fog causes flight delays; Labor faces seven major challenges, Chalmers says

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Treasurer says ‘parties of the sensible centre and the centre-left parties’ face ‘serious economic challenges’. Follow live

Self-reported domestic violence incidents declining in NSW but deaths and hospitalisations fail to fall

New data shows self-reported domestic violence incidents in New South Wales have declined, but the number of women and children murdered or hospitalised in domestic and family violence incidents over the past eight years has not significantly budged.

The decline in self-reported violence is significant because it reflects underlying levels of violence in the community, not just what is reported to police. It suggests that, despite rising reports of domestic violence to police, domestic violence in the community is not increasing and may be trending down.

There’s a strong perception that violence against women is rising, which is understandable given increases in police-recorded incidents, heightened media attention and greater public awareness.

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UK inflation falls by more than expected to 2.6% in lift for Andy Burnham

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Annual June figure comes after new PM pledges to reduce cost of living and improve economy

UK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.

The new prime minister has pledged to bring down the cost of living to give households more disposable income and improve the outlook for the economy, announcing a winter VAT cut on electricity bills and lowering the cap on bus fares in England.

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Feeding the future of France: Rollout of €1 meals an attempt to help struggling students

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It’s a thumbs up from the country’s 3 million students, who can now buy cheap meals up to twice a day

Where in France can you get a nutritious and balanced three-course meal for €1?

If you are one of the country’s estimated 3 million students in higher education, the answer is: the university restaurant or cafe.

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Milka maker milked shoppers over size of chocolate bars, German court rules

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Brand owner Mondelēz was accused of reducing weight of Alpine Milk bar from 100g to 90g without significantly altering the packaging

Many chocolate lovers consider shrinkflation a serious crime – and they have been vindicated after a German court ruled that the makers of Milka cheated consumers by cutting the bar’s size, while keeping the wrapper the same.

The three-week case in a regional court was brought by Hamburg’s consumer protection office. It accused the chocolate brand’s US owner Mondelēz of deceiving shoppers by cutting the weight of Milka’s classic Alpine Milk bar from 100g to 90g without significantly altering the distinctive purple packaging.

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Has Labor’s tax reform killed ‘rent-vesting’ for young Australians seeking a foothold in the housing market?

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Changes to capital gains tax and negative gearing will make the strategy of renting in a preferred area while buying a cheaper property elsewhere less attractive, experts say

Rent-vesting – a popular strategy used by young Australians to save for their first home – could be killed off by Labor’s tax changes on investment properties, experts warn.

Renters have used the strategy to keep living in their preferred area while buying a cheaper property elsewhere, hoping it will rise in price so they can sell and put the profits towards their first home.

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Federal budget 2026 winners and losers: rich families, overseas travellers and illegal tobacco – summary

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Taxpayers and first home buyers are the winners in Labor’s 2026 budget, while rich families could be among the losers. Find out who is better off and who is worse off in Chalmers’ budget

Being a winner or a loser from the federal budget can be the difference between hundreds of dollars – or tightening your belt even further.

Tuesday’s federal budget comes at a strange time. Donald Trump is waging a war on Iran that is impacting fuel supplies globally, including Australia. Inflation is still causing havoc on household budgets. Government programs are costing more than ever.

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Uber adds fuel surcharge for non-EV fares in Australia amid petrol price rises

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Trips in electric vehicles will be exempt from the temporary fee of 5 cents a kilometre, rideshare firm says

Uber customers in Australia will be charged a fuel surcharge for almost two months from Wednesday unless they ride in an electric vehicle.

Trips in petrol, diesel and hybrid vehicles will attract an extra fee of 5 cents a kilometre from 15 April to 8 June, Uber announced on Monday.

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New relief for households being considered as Albanese government warns of ‘long tail’ from Iran war

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Catherine King says while peace talks were ‘best chance’ at lowering fuel prices, further help may be included in budget

The Albanese government is contemplating further relief for struggling households and businesses in next month’s federal budget, as peace talks continue between the US and Iran amid a fragile ceasefire.

The infrastructure minister, Catherine King, said the success of those talks was the “best chance” at bringing down fuel prices. But she warned there would be a “long tail” from the crisis even if the strait of Hormuz – which was still being blocked by Iran and strangling global oil supplies – reopened imminently.

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Chalmers warns of ‘more polarising politics’ – as it happened

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Seven-year-old girl drowns at swimming spot on Brisbane River

A seven-year-old girl has drowned at a popular swimming spot on the Brisbane River in the south-west of the city, AAP reports.

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Debit and credit card surcharges to be removed in Australia by October

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Treasurer Jim Chalmers says changes will help with cost of living and ‘Australians hate paying’ the surcharges

Debit and credit card surcharges will be gone by October under Reserve Bank reforms, with big banks likely to foot the bill for the cost-of-living measures.

The new rules, announced on Tuesday, will enable businesses to remove added fees on Mastercard, visa and eftpos card payments.

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‘Political Band-aid’: cutting Australia’s fuel excise could make petrol shortages worse, economists say

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Fuel tax cuts also risk adding to inflation by enabling some households with enough income to spend more

Fuel excise cuts would be a “political Band-aid” that could worsen petrol shortages and add to inflation, economists have warned.

The mining billionaire Gina Rinehart, Tasmania’s state premier and Liberal opposition leaders in New South Wales and Victoria have called for the Albanese government to cut the excise on petrol and diesel.

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Australian banks ignore thousands of customers’ hardship requests

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Exclusive: Automated systems have generated ‘cookie cutter’ responses that fail to account for individual circumstances, financial watchdog says

Banks are outright ignoring or offering “cookie cutter” responses to a rising number of hardship requests from struggling customers, despite repeated regulatory crackdowns.

Nearly 2,900 customers complained their bank had failed to respond to pleas for assistance in 2024-25, new data from the Australian Financial Complaints Authority (Afca) showed.

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Millions of Australians eligible for 5% first home buyers scheme may be unable to afford repayment

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Greens and experts argue policies that let first home buyers spend more than usual only creates more expensive housing – without lifting the proportion of homeowners

Millions of Australians eligible to take up the federal government’s new 5% deposit scheme could be unable to afford mortgage repayments, new analysis has shown.

Data compiled by the Parliamentary Library and commissioned by the Greens shows of the 3.8 million Australians in the top 10 most common professions in Australia, the vast majority would be unable to afford mortgage repayments on the median Australian home without falling into housing stress.

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