admin 
Your support helps us tell the story From reproductive rights to climate change to Big Tech, The Independent is breaking new ground as the story unfolds. Whether it’s investigating the finances of Elon Musk’s pro-Trump PAC or producing our latest film, ‘The A Word’, which shines a light on American women fighting for reproductive rights, … Read more
Morgan Stanley sees Australia as highly exposed to global diesel supply disruptions, with low inventories raising the risk of shortages rather than high prices alone. The impact is expected to affect key industries, drive wage stability, and disrupt exports if the deficit continues. Summary: Morgan Stanley marks Australia on the front line of a global … Read more
It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
(Bloomberg) — Stocks fell and crude oil rose as tensions escalated in the Middle East, with Iran-backed Houthi forces entering the fray and a US military presence raising fears of a protracted war. US equity-index futures fell 0.6% and Asian shares opened lower on Monday as the war entered its fifth week, with rising crude … Read more
The price of coffee is increasing faster than any other domestic grocery, and it is not only tariffs that drive this process – bad weather, war and frustration of market traders are also responsible for the rise. Coffee prices rose by a staggering 18.4% last year, according to government data from February. Most other household … Read more
When Scott Morrison announced that it was not a “race” to get vaccines first and quickly into Australia during the COVID epidemic, it was another nail in the coffin of his aging prime minister. Prime Ministers who do not unite at a time when the public is afraid and looking for leadership lose the public’s … Read more
Photo: RNZ / Unsplash The government should start prioritizing diesel allocations now as the fuel situation worsens, Westpac’s chief economist has said. It comes as supply data from US investment bank JP Morgan reports that the last shipment of fuel from Gulf Oil is likely to arrive in New Zealand on 20 April. Prime Minister … Read more
In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more
Crowds, strong sales, and blue-chip names make Hong Kong Art Week look ordinary, but beneath the gloss the Hong Kong art market is clearly changing. A cool sales tempo behind the crowded aisles This year’s Hong Kong Art Week served as a clear test of the “new normal” of the global market. At first glance, … Read more
Recession fears are back, and property prices are falling. The S&P 500 (^ GSPC 1.67%) it’s down more than 6% in the last month alone, and tech is heavy Nasdaq Composite (^IXIC 2.15%) it recently entered correction territory with a 10% drop from its peak earlier this year. Perhaps the worst part of this volatility, … Read more