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News
July Jobs Report Expected to Show Modest Growth
1+ hour, 19+ min ago (232+ words) Oz Arab Media According to Cnbc, Wall Street expects the Bureau of Labor Statistics’ July nonfarm payrolls report, due Friday, to show an increase of 83,000 jobs while the unemployment rate remains unchanged at 4.2%. The forecast follows a slow June, when…...
Australian Capital City Home Prices Fall From March Peak
2+ day, 6+ hour ago (166+ words) Arabic version: انخفاض أسعار المنازل في العواصم الأسترالية عن ذروة مارس According to The Guardian, residential property prices across Australia’s eight capital cities have fallen by an average of 2.5% from their most recent peak in March, based on data published…...
Fuel Prices Rise in Lebanon
3+ day, 8+ hour ago (61+ words) Oz Arab Media Arabic version: ارتفاع أسعار المحروقات في لبنان According to Lbcgroup, fuel prices in Lebanon have increased. The available source identifies the development as a rise in fuel prices, without providing further figures or a breakdown by fuel…...
Australia’s Housing Market Slump Deepens as Auctions Struggle to Attract Buyers
1+ week, 2+ day ago (743+ words) Australia’s housing market slowdown is showing little sign of easing, with weak buyer demand and elevated auction withdrawals contributing to subdued results across the nation’s capital cities. New data from Cotality revealed the national preliminary auction clearance rate sat at…...
Treasury Yields Push Mortgage Borrowing Costs Higher
1+ week, 6+ day ago (288+ words) Oz Arab Media According to Cnbc, mortgage and auto-loan borrowing costs are generally influenced more by 10-year U.S. Treasury yields than by the Federal Reserve’s benchmark interest rate. The 10-year Treasury yield closed at about 4.7% on Thursday, its highest level since…...
Small Business Owners Raise Economic Concerns at Grayndler Forum
1+ week, 6+ day ago (462+ words) More than 70 small business owners from across Sydney’s inner west and western suburbs gathered in Grayndler on Wednesday, 22 July, for a forum hosted by NSW Liberal Senator Dave Sharma and Deputy Opposition Leader Senator Jane Hume. Held in Prime Minister…...
Lebanon Reduces Fuel Prices Following Global Trends
1+ mon, 4+ day ago (129+ words) Oz Arab Media Arabic version: لبنان يخفض أسعار الوقود تماشياً مع الاتجاهات العالمية Lebanon has announced a decrease in fuel prices, reflecting a drop in global oil costs. The new pricing structure will see a reduction in the cost of…...
Australia’s Housing Market Faces Ninth Downturn in Three Decades
1+ mon, 5+ day ago (295+ words) Oz Arab Media Australia’s ninth housing downturn in 30 years is here — but analysis suggests it won’t last. According to SBS News, the latest downturn follows a series of government budget changes and three consecutive interest rate rises this year, leading…...
National Housing Market Sees Largest Decline Since 2022
1+ mon, 6+ day ago (295+ words) Oz Arab Media June saw the biggest monthly fall in national housing values since 2022. According to ABC News, home values dropped by 0.4 percent nationally, driven primarily by declines in Sydney and Melbourne, which fell by 1.2 percent and 1 percent, respectively. The…...
Fuel Prices Drop Nationwide in Lebanon
1+ mon, 1+ week ago (113+ words) Arabic version: انخفاض أسعار الوقود في جميع أنحاء لبنان Fuel prices have seen a reduction across Lebanon, providing some relief to consumers. The decrease comes as part of a broader trend in the region, aimed at stabilizing the market. According…...