News

Australia's budget bottom line is not expected to improve significantly next week, with the treasurer warning of a potential multi-billion dollar hit to the economy by 2030 due to a global trade war. While the direct impact of tariffs imposed by the US is estimated to be manageable, the indirect consequences and the broader global picture of trade tensions pose a significant threat to economic growth.

The Reserve Bank of Australia has announced a new design for the $5 note, celebrating the deep connection Indigenous people have to the land, waters, and sky. This historic change replaces the image of the monarch and marks a significant step towards a more inclusive and representative national currency.

Western Australian Premier Roger Cook has unveiled a major cabinet reshuffle, introducing a "more team-like approach" to key areas like health and climate change, while also hinting at further organizational changes in the coming weeks. This bold move aims to reinvigorate the government and tackle the state's most pressing challenges.

Neha Kumar, a 37-year-old former scientist, highlights the cultural barriers preventing South Asian women from accessing cancer screening, despite losing her mother to the disease. This story emphasizes the need for culturally sensitive communication and awareness campaigns to address stigma and improve health outcomes in diverse communities.

The Coalition's "speed limit" on taxes, set at 23.9% of GDP, has drawn criticism for its lack of specifics and absence of new tax cuts in the upcoming election. Economists like Saul Eslake and Kristen Sobeck advocate for a more thorough approach to address Australia's fiscal challenges, including a "grown-up conversation" about raising additional revenue and reforming the tax system's composition.