Australia to halve fuel tax as global energy crisis deepens
Prime Minister Anthony Albanese announces the tax cut as the price of crude oil tops $116 a barrel.
![US markets took a hit on the heels on the jobs report with all the major indices in the red [File: Elizabeth Frantz/Reuters]](/wp-content/uploads/2026/03/2023-04-07T222935Z_1964413332_RC2U90A8FVHS_RTRMADP_3_USA-ECONOMY-JOBS-1772813630.jpg?resize=770%2C513&quality=80)
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Struggling to get by: Behind the US underemployment crisis
Trump’s tariffs, heightened healthcare and housing costs, and a stagnating jobs market leave more workers struggling.
![As layoffs surge job openings stall labour turnover stalls Americans who aren't making enough to meet their cost of living struggle to find new or additional work [File: Brian Snyder/Reuters]](/wp-content/uploads/2026/02/2025-08-12T180449Z_1884361201_RC2Q5GAJQIPP_RTRMADP_3_USA-ECONOMY-1770828249.jpg?resize=770%2C513&quality=80)
CBO: US Federal deficits and debt to worsen over next decade
‘One Big Beautiful Bill Act’, higher tariffs and immigration crackdown are factored into the report.
In Japan’s election, voters hope for relief from rising prices
Japanese households are finding it harder than ever to make ends meet as wages fail to keep pace with rising prices.
EXPLAINER
Japan snap election: Who’s standing and what’s at stake?
Japanese are voting on issues ranging from cost of living to constitutional reform.
US Federal Reserve holds interest rates steady despite political pressure
The central bank will maintain rates at 3.5 to 3.75 percent and warned of ‘elevated’ economic uncertainty.
![The decision comes despite ongoing political pressure as US President Donald Trump has called for more aggressive interest rate cuts [File:Nathan Howard/Reuters]](/wp-content/uploads/2026/01/2026-01-13T144147Z_2075403647_RC2C0JA6N16M_RTRMADP_3_USA-TRUMP-FED-POWELL-1769627465.jpg?resize=770%2C513&quality=80)
Canadian PM Carney unveils multibillion-dollar push to lower food costs
Carney has been under pressure from the opposition to lower prices of food and other essentials for lower income people.
‘Change is inevitable’: What is next for Iran?
Without changes and a deal with US to lift sanctions, Iran could be set for further unrest, analysts say.
From: NewsFeed
Iran holds more funerals after deadly unrest
Footage shows Iranians at funerals in Isfahan and Hamadan for those killed in protests authorities have called “riots.”
Published On 16 Jan 2026
EXPLAINER
Why is Iran’s economy failing, prompting deadly protests?
The collapse of the rial and soaring prices sparked the first protest by shopkeepers in Tehran.
EXPLAINER
What is HRANA, the US-based group behind Iran’s death toll figures?
Amid recent mass protests and an internet blackout, there have been conflicting death toll reports from Iran.
