Geopolitics
Geopolitics
Australia's Fuel Crisis Deepens as Albanese Takes Emergency Powers
The ACCC says average diesel hit 303.5 cents a litre. Unleaded is 252.2 cents. Some stations in Sydney and Melbourne are charging $3.15.
Geopolitics
Google's Agent Smith AI So Popular It Got Throttled
Agent Smith automates coding tasks and works in the background while employees use their phones. Sergey Brin told staff that AI agents will be a 'big focus' for Google this year.
Geopolitics
David Sacks Out as AI Czar, Joins Billionaire Council
The PayPal Mafia veteran's 130-day stint as Trump's crypto and AI czar is over. He moves to PCAST, an advisory body stacked with Jensen Huang, Mark Zuckerberg, Larry Ellison, and Sergey Brin. He'll advise on policy. He won't make it.
Geopolitics
Iran Hacks FBI Director, Leaks Personal Photos
The Handala Hack Team published personal photos of Kash Patel and over 300 emails. The FBI says no government data was involved. It's the latest escalation in Iran's cyber campaign against US officials.
Geopolitics
RBA Forecasts Inflation Peak at 4.2% by Mid-2026 Before Gradual Easing
Reserve Bank expects underlying inflation to reach 3.7% and headline 4.2% mid-year, with return to 2-3% target band not expected until mid-2028.
Geopolitics
Australian EV Sales Surge 20% as Fuel Crisis Converts Sceptics Into Buyers
Dealers report buyers walking in ready to purchase as petrol hits $2.50 a litre and diesel approaches $3. Even self-described car enthusiasts are making the switch.
Geopolitics
Meta and YouTube Found Liable for Addictive Design in Landmark Child Safety Verdict
A California jury awarded $6 million to a plaintiff who argued that Instagram and YouTube's design features caused mental health harm, opening social media companies to a new category of product liability claims.
Geopolitics
The $650 billion question: Can Big Tech justify the AI spending spree?
Microsoft, Alphabet, Meta, and Amazon are on track to spend $650 billion on AI infrastructure by the end of 2026. Investors are starting to ask where the return is.
Geopolitics
Treasury modelling puts inflation at 5% as Chalmers seeks worse scenarios
The Treasurer says previously released Treasury scenarios are 'pretty conservative now' and has requested new modelling for a prolonged Middle East conflict.
Geopolitics
NSW renters can transfer bonds between properties for $25 under new scheme
The NSW Government's Smart Rental Bonds scheme lets tenants shift their bond to a new property instead of scraping together thousands for a second deposit. It's in testing now ahead of a mid-2026 launch.
Geopolitics
AEMO pushes gas shortfall forecast to 2030 as battery boom eats into demand
Australia's looming gas supply crunch has been delayed another year, with accelerating electrification and 30 GW of battery storage in the pipeline cutting deeper into gas consumption than expected.
Geopolitics
RBA Hikes Cash Rate to 4.10% as Bullock Warns of Recession Risk
The second rate rise of 2026 passed by a single vote, with the Governor pointing to sticky inflation and oil price shocks.
Geopolitics
NVIDIA Sees $1 Trillion in AI Chip Orders Through 2027
Jensen Huang doubles the forecast at GTC 2026 as hyperscalers scramble for Blackwell and Rubin GPUs.
Geopolitics
Victoria Park to close as Brisbane's $3.8b Olympic stadium build begins
Queensland's government has issued closure notices for Victoria Park, with early site preparations set to begin on June 1 ahead of the 63,000-seat Brisbane Olympic stadium.
Geopolitics
Two 18-Year-Olds Fall on Closed Mount Beerwah Trail, One Dead
A woman died when she fell 60 metres down a closed hiking trail in Queensland on Monday. Her companion fell 90 metres and remains in critical condition.
Geopolitics
Meta Ordered to Pay $375 Million in New Mexico Over Child Safety Failures
A Santa Fe jury found Meta liable for concealing predator risks on Facebook and Instagram, marking the first time a state has prevailed at trial against a major tech company over child harm.
Geopolitics
Cory Booker Wants to Talk About Congress's War Powers Problem. Not Just Trump's.
A senator's resolution exposes 53 years of abdication. Both parties have enabled it.
Geopolitics
Food bills set to spike as diesel crisis leaves farmers stranded
Diesel topped $3 a litre in every capital except Darwin last week. Farmers in Queensland, Western Australia and Victoria say they can't get enough to run their machinery.
Geopolitics
EU and Australia seal trade deal worth $6.9 billion a year after eight years of talks
The deal eliminates 98 per cent of EU tariffs on Australian goods. Wine, dairy, wheat, barley and seafood all get duty-free access.
Geopolitics
China's $120 Billion Critical Minerals Play Is About Security, Not Hostility
A new report reveals China has invested $120 billion USD into global mining since 2023. Australian headlines call it a threat. Beijing calls it risk management.
Geopolitics
Southeast Asia's Energy Scramble and What It Means for Australia
As dominoes fall across the region, Australia sits at the end of a broken supply chain
Geopolitics
Super Contribution Caps Rise July 2026: A Four-Month Window Worth $510,000
Higher caps create a rare opportunity to contribute $510,000 in under four months. Here's how the numbers work, and what you should do before 30 June.
Geopolitics
Australia's China Trade Surplus Shrinks to $19 Billion as Import Dependence Deepens
The bilateral surplus has collapsed from $45 billion to $19 billion in four years. Australia keeps buying Chinese manufactures while China quietly diversifies its iron ore sources.
Geopolitics
IEA Chief: World faces worst energy crisis in decades
Fatih Birol tells National Press Club the Hormuz closure has cost 11 million barrels per day, more than both 1970s oil shocks combined
Geopolitics
Selling Your Identity to Train AI: The Gig Economy's Unsettling Trade
People in developing countries are earning a few dollars filming their walks and selling their phone calls. They're signing away rights to their biometric identity forever.