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Australia's Household Spending Dips 0.1% In September, Hit By Cutbacks In Apparel And Transport

While households increased their spending on groceries and healthcare, there was a 1.8% decrease in spending on new clothes and shoes, reversing the 0.2% growth reported in August.

Over 1,200 Major Companies, Including Qantas And Netflix, Paid No Income Tax In 2022-2023: ATO
Qantas and Virgin Australia used carried-forward pandemic losses to dodge taxes in 2022–2023, while Netflix Australia made nearly AU$1.15 billion in the 2023 fiscal year without paying taxes.
Harris, Trump Converge On Milwaukee As US Election Looms
Donald Trump and Kamala Harris hold dueling campaign rallies Friday in Wisconsin's largest city Milwaukee, as both candidates make frantic last-ditch appeals to wavering voters with Election Day just around the corner.
Fresh Strikes Hit South Beirut After Israeli Evacuation Calls
At least 10 strikes hit Beirut's southern suburbs early Friday, after the Israeli army issued evacuation orders for buildings in Hezbollah's stronghold to evacuate.
Remote First Nations Communities Pay Double For Groceries Compared To Capital Cities, Investigation Reveals
The inquiry found that the average price of nine essential items, including penne pasta, beef mince, teabags, carrots, and Weet-Bix, at Woolworths, Coles, Aldi, and IGA across all Australian capital cities was AU$44.70. In comparison, the same items cost AU$99.38 in the four remote communities.

Deceptive 'Bait-and-switch' Facebook Groups Snare US Voters: Study

Dozens of Facebook groups bill themselves as Kamala Harris fan pages but mount racist attacks, criticize her record on immigration and promote her rival Donald Trump, in what disinformation researchers call a "bait-and-switch" tactic aimed at deceiving voters in a tight US election race.

WAR IN UKRAINE

North Korea's foreign minister was in Russia as the West says thousands of Pyongyang's troops are training in the country

North Korea Says Will Stand By Russia Until 'Victory' In Ukraine

North Korea will stand by Russia until its victory in Ukraine, Pyongyang's foreign minister said in Moscow Friday, as the US has warned thousands of North Korean troops could be sent to combat in the Ukraine conflict in the coming days.

Economy in Focus

Global Stocks Diverge, Oil Prices Gain On Geopolitical Fears
Global stock markets diverged Friday after tame tech earnings and investor jitters less than a week before a neck-and-neck US presidential election.
Meta Shows Strong Growth As AI Spending Surges
Eurozone Inflation Rebounds More Than Expected In October

More News

Superannuation Funds Spent Over AU$400M On Marketing, Sponsorship In 2023: Report
A handful of industry funds accounted for most of the spending, with AustralianSuper being the largest marketing spender in the 2022-23 financial year, spending a total of AU$60.2 million.

Indonesia Adds Google Pixel Phones To Ban List With IPhone 16

Indonesia has banned the sale of Google Pixel phones over the tech giant's failure to meet investment regulations, its industry ministry said, days after blocking sales of Apple's iPhone 16.