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Politics & the Economy

International tourists bypass WA

International tourists spent nearly $250 million less in Western Australia during the 2018 financial year than during the previous 12 months, new data from Tourism Research Australia shows.

Bold choices required to secure prosperity

Opinion: A Committee for Perth report says the WA capital has dropped the ball, and lacks a strategy for its economic future.

Oil drops on rising supply, economic gloom

Oil has fallen nearly 3.0 per cent, with US crude futures hitting lows not seen since April, due to growing concerns that global demand is weakening at a time when output from the world's major oil producers is surging.

Wall St climbs for third day

US stocks have risen for a third straight session as President Donald Trump said trade talks with China were "moving along nicely," reviving hopes that the two countries can resolve their trade dispute.

Morning Headlines

Data stolen in cyber-attack on shipbuilder

Gold prices jump 2% as US dollar slips

Gold rose nearly 2.0 per cent overnight, bouncing off a three-week low touched in the previous session as the dollar fell sharply from recent highs, making the metal cheaper for holders of other currencies.

Sprawl costs public transport

A national study by Infrastructure Australia has found that Perth residents are among those least likely to use public transport for their daily work commute, despite good accessibility in outer suburbs and subsidies covering about 70 per cent of the cost of a trip.

Align interests with outcomes

Opinion: Why not align private sector tax cuts to cost-effectively improving the performance of education and health?

Morning Headlines

Offshore drilling ‘is a national priority’

Gold at a three-week low as dollar rises

Gold has fallen to a near three-week low as the US dollar scaled a 16-month peak and a stock market rebound stirred renewed appetite for riskier

Oil falls on signs of rising global supply

Oil prices have fallen and posted the worst monthly performance since mid-2016 on evidence of rising global crude supply, but losses were limited by signs of strong US demand for fuel.

Govt to trial $60m wage subsidy

The federal government today launched a new wage subsidy trial targeting apprenticeships in rural and regional areas, which will invest $60 million across a range of trades

Perth inflation rises to 1.2%

Perth’s annual inflation rate has hit its highest mark in nearly three years, driven by rising electricity prices in the September quarter, according to the latest data from the Australian Bureau of Statistics.

Morning Headlines

WA in $290m project pitch

Gold dips as trade jitters boost dollar

Gold prices have fallen as concerns about a further escalation of the US-China trade war boosted the US dollar, eroding bullion's appeal as it tested a key technical support.

Oil prices down on supply jump, trade war

Oil prices have dropped more than one per cent on signs of rising supply and concern that global economic growth and demand for fuel will fall victim to the US-China trade war.

Cinderella no more, ball bounces into WA’s court

WA’s economic outlook is more optimistic than those of other states, mainly due to its food, energy and minerals exports.

State to develop Henderson master plan

Dredging a second channel into Garden Island and major road upgrades could be priorities in a Henderson precinct master plan to be drafted by the state government in 2019, while Defence Minister Chris Pyne today announced a new $200 million vessel will be built at the yards.

Morning Headlines

Henderson in line for $200m defence boost

Oil dips as Russia signals high output

Oil prices have edged lower, with futures on track for the worst monthly performance since mid-2016, after Russia signalled that output will remain high and as concern over the global economy fuelled worries about demand for crude.

Gold falls on strong dollar, equities lift

Gold has eased, sliding off a more than three-month peak in the previous session, pressured by a strong dollar and as investors returned to riskier assets following a recent sell-off in global stocks.

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