IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World

Beijing Tightens Grip On Solar Exports: Will Trump Play America's Quartz Card? Beijing's new restrictions on advanced solar technologies and equipment suggest the Trump-Xi meeting in Washington did little to ease trade tensions. The new measures aim to preserve China's technological advantage as the US and India expand domestic solar manufacturing. This reinforces ongoing concerns about critical materials, where Beijing has placed export controls on tungsten, germanium, gallium, and antimony. Bloomberg cites a statement released by China's Ministry of Commerce earlier this morning announcing that it would add 12 solar-related technologies...

Iran Goes Offensive: Strikes LPG Tanker In Strait Of Hormuz, Threatens 'Punishment' For All Violators Things are fast escalating once again in the Strait of Hormuz, after White House officials have lately been gloating that the US Navy has overseen record wartime oil flows through the vital waterway, which each warring side is still claiming to 'control'. Iran's Islamic Revolutionary Guard Corps (IRGC) said Friday it targeted a liquefied petroleum gas (LPG) tanker in the Strait of Hormuz (hours ago), with Iranian state media reporting that the vessel was attempting to...

Senate Passes War Powers Resolution In Rebuke Of Trump Policy The US Senate on Tuesday passed a war powers resolution - a symbolic rebuke of President Donald Trump which calls for an end to the US-Israeli war against Iran, and requires explicit authorization from Congress. The Democrat-led concurrent resolution passed by a narrow 50-48 vote, seeking to constrain President Donald Trump’s ability to wage war against Iran. The measure had previously cleared the House of Representatives on June 3. US President Donald Trump looks on as he stands in front of the...