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The government-owned Snowy Hydro now puts the cost of its pumped hydro expansion at $22.2 billion with a $25 billion scenario, twelve times the 2017 price and double the 2023 reset, with full commissioning pushed to late 2029. Its own case for the project is a $7 billion reduction in wholesale prices over the next 50 years.
Andrew Hauser told a Sydney conference that the inflation outlook is "materially worse" than the Reserve Bank forecast in August and that a growing share of businesses now treat 3 to 3.5 per cent inflation as the new normal. Markets moved the odds of a Melbourne Cup Day rise from about a quarter to better than even. The 28 October CPI will decide it.
UK inflation rose to 3.5 per cent in September, above forecasts, on the highest petrol and diesel prices since 2022. Core inflation rose to 2.8 per cent, services to 3.7 and factory gate prices to 4.6. Two weeks before the Bank of England meets, the question is how much of this is still the pump.
With four fifths of ballots counted, 75.3 per cent of Albertans voted to remain in Canada and 24.7 per cent to begin the legal process towards a binding separation vote. The five immigration questions passed by double digits. Three of the four constitutional questions passed narrowly, one failed, and the premier who asked them speaks to the province tonight.
Headline CPI rose to 3.1 per cent in September on a 27.8 per cent jump in gasoline, while the Bank of Canada's preferred core measures fell to 1.8 and 1.9 per cent. The Bank's own surveys show consumers' five-year inflation expectations at a four-year high, and traders now put two-thirds odds on a hike on 28 October.
Finishing is probably cheaper than stopping, which is the trap sunk-cost megaprojects set. The failure lies in a 2018 investment decision on 44 per cent design and a 2023 reset accepted without a line-by-line review, and it argues against governments owning megaprojects rather than contracting for the storage they need.
Ottawa and Saab have signed a non-binding term sheet for six GlobalEye aircraft. That is a serious defence commitment, but it is not yet an order, and the distinction matters.
Advance polls opened on Tuesday for a ten-question referendum whose final ballot asks whether Alberta should begin the legal process towards a binding vote on separation. Every poll says remain wins. The size and shape of the minority is the story.
Saudi Arabia reports 12 people killed and 309 injured at King Khalid International Airport. A coalition blames Yemen’s Houthis, but they have not claimed this particular attack.
A speed cap on the Pentagon-controlled Starshield network knocked out Ukrainian drone missions on Tuesday night, three days into Donald Trump's energy truce. By Thursday Zelensky had called the truce off, Ukraine had hit a refinery in Ryazan, and Elon Musk had pointed at the White House.
Volodymyr Zelensky says Ukraine is ready to stop striking Russian energy infrastructure if Moscow does the same. Kyiv reported fresh attacks after Donald Trump claimed the two countries had agreed to an immediate truce.
The offer gives some eligible households up to $10,000, but the planned early 2027 launch leaves homeowners to cover the purchase first and claim reimbursement later.
The company now brings CBS, CNN, HBO, Warner Bros. and Paramount under one corporate roof. Its $6 billion savings target and promised newsroom safeguards make the next phase as consequential as the closing.
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