Dominic Sirico 
Around 700,000 Australians aged over 65 could be paying unnecessary tax on their superannuation by keeping their funds in an accumulation account instead of transferring them to a pension account, according to the Super Members Council (SMC). For a retiree with AU$100,000 in an accumulation account, the tax on superannuation earnings could reach as high … Read more
Australia’s reliance on coal-fired power stations has dropped to a record low, accounting for less than 50 percent of its electricity for the first time, the market operator said Thursday. Overall electricity demand hit a record high in the final quarter of 2024 as temperatures rose and people shifted away from gas, the Australian Energy … Read more
EU talks to relaunch Europe’s embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China. The European Union is under pressure to help a sector that employs 13 million people and accounts for about seven percent of the bloc’s GDP, as it seeks … Read more
A US passenger plane carrying 64 people crashed into Washington DC’s chilly Potomac River after colliding midair with a military helicopter on a nighttime training exercise Wednesday, prompting a major emergency response and the grounding of all flights. The plane had been about to land at nearby Reagan National Airport after flying from Kansas. American … Read more
Hamas officials accused Israel on Wednesday of delaying aid deliveries to Gaza and jeopardising a truce and hostage release deal, an allegation Israel dismissed as “fake news.” Since a ceasefire in the war in Gaza took effect on January 19, truckloads of aid have been allowed into the devastated Gaza Strip. The truce is hinged … Read more
Manchester City came from behind against Club Brugge to reach the Champions League knockout phase, where they were safely joined by Paris Saint-Germain as Arsenal qualified directly for the last 16 on Wednesday in the final round of league-phase matches. Inter Milan, Atletico Madrid, Bayer Leverkusen, Lille and Aston Villa also followed Liverpool and Barcelona … Read more
Ruben Onuha From a small village in the Netherlands to co-owning one of the most talked-about menswear brands, Ruben Onuha’s story is an extraordinary journey of ambition and determination. At just 22 years old, Ruben and his brother Samuel have transformed ICON. Amsterdam into a global name, known for its perfectly tailored menswear and innovative … Read more
After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause until the data changes, despite pressure to cut from President Donald Trump. Analysts expect the Fed to do nothing this week as it waits to see which policies … Read more
An angry pre-election showdown on immigration flared in Germany’s parliament Wednesday as the conservative opposition said it would accept support from lawmakers of the far-right AfD, breaching a long-standing taboo. Centre-left Chancellor Olaf Scholz told his election rival Friedrich Merz that any cooperation with the anti-immigration Alternative for Germany party would be an “unforgivable mistake”. … Read more
Tesla is set to report earnings Wednesday for the first time since President Donald Trump — a close ally of CEO Elon Musk — returned to the White House. The fourth-quarter results conclude a mixed year for Tesla. While the company’s profits were pressured by vehicle price cuts introduced amid intensifying electric vehicle (EV) competition, … Read more
