Emily Cadman

The U.S. president wants to cut back a tax break that allows investors to keep buying and selling properties without paying capital gains.

Hot US Housing Market Drives Home Equity Loans and Cash Out Refinancing Binge  Bloomberg

Australian Treasurer Jim Chalmers promised the government would deliver a “responsible” budget to avoid stoking further inflationary pressures in the economy.

Australia’s energy minister has ruled out a ban on new coal mines as part of the country’s overhaul of climate policy.

PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.

Australia is on track to cut its greenhouse emissions by 42% below 2005 levels by 2030, Climate and Energy Minister Chris Bowen said, citing new projections that will be released formally this week.

Australia’s government will introduce legislation this week to facilitate the largest overhaul of the central bank in a generation, including setting up a separate governance board and scrapping the treasurer’s power to reverse policy decisions.

The Australian government has promised to spend billions on housing programs as it tries to appease mounting voter angst about a chronic shortage of homes.

Australia will ban the live export of sheep by sea from May 2028, and help those impacted by the decision to adjust, Agriculture Minister Murray Watt said.

Flying Taxis Prepare for Takeoff in New Era of Uncrewed Flight