Australian House Prices Hit Record High Ahead of Saturday's Vote
Australian home prices climbed for a third straight month to a record high ahead of an election on Saturday, while defying rising uncertainty over the economic fallout from US-driven global trade turmoil.
The Home Value Index advanced 0.2% in April, with every major city recording a rise, property consultancy Cotality, formerly CoreLogic Inc, said in a statement on Thursday. Darwin and Hobart were the biggest gainers, up 1.1% and 0.9% respectively, while the bellwether market of Sydney edged up 0.2%.
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Bloomberg
an hour ago
- Bloomberg
What If Iran Tries to Close the Strait of Hormuz?: QuickTake
The US bombed Iran's three main nuclear sites in a major escalation of this month's conflict in the Middle East. Tehran said it will reserve all options to defend itself. This US move has stoked speculation that Iran's leadership may reach for another way to pressure its enemies to relent — blocking or effectively closing the Strait of Hormuz to shipping. This narrow waterway at the mouth of the Persian Gulf handles about a quarter of the world's seaborne oil trade. So if Iran were able to deny access to the giant tankers that ferry oil and gas to China, Europe and other major energy consuming regions, it would send oil prices shooting higher and potentially destabilize the global economy.
Newsweek
2 hours ago
- Newsweek
Map Shows Best Cities To Live in Right Now
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Denmark, Australia and Switzerland are home to some of the world's best cities to live in, a new study has shown. Copenhagen has been named the world's most livable city in 2025, according to the Economist Intelligence Unit's (EIU) Global Liveability Index, displacing Vienna in Austria, which came second after a three-year run at the top. The Danish capital achieved perfect scores of 100 in stability, education, and infrastructure, pushing it from second place to first in a global assessment of 173 cities. The EIU's annual index evaluates cities across 30 indicators grouped into five categories, which include stability, health care, culture and environment, education, and infrastructure. While the average global score remained unchanged from 2024 at 76.1 out of 100, the report noted a persistent decline in global stability, driven by rising geopolitical tensions and civil unrest. "Copenhagen's rise to the top underscores the power of consistent investment in public goods," said Matt Watkins, a public affairs strategist and policy analyst, told Newsweek. He consults cities across the United States and a few other nations on urban development, economic mobility and quality-of-life strategies. Melbourne in Australia placed fourth, continuing its strong performance in the rankings, with two other Australian cities—Sydney and Adelaide—also among the top 10. Other cities filling out the top 10 slots included Auckland in New Zealand, Osaka in Japan, and Vancouver in Canada. Watkins noted: "Livability is a choice. These outcomes do not emerge by chance. They happen when governments commit to universal baselines that ensure quality of life—things like clean public transit in Zurich, affordable child care in Copenhagen, strong public education in Melbourne, and access to green space in Auckland." North American cities overall remained in the highest tier of livability, with all 21 assessed scoring above 80. Two Canadian cities, Calgary and Toronto, also experienced drops. "We have lowered the health care scores for all four Canadian cities in our index," the EIU report noted. All three cities in the United Kingdom in the index—London, Manchester, and Edinburgh—saw their placements fall in the wider ranking due to widespread riots and rising homelessness. Stock image: Houses line the Nyhavn canal in Copenhagen, the Danish capital. Stock image: Houses line the Nyhavn canal in Copenhagen, the Danish capital. Getty "Walkability is a common thread among the world's most livable cities," Watkins said. "When people can safely and easily walk to schools, grocery stores, parks, and transit, everything else becomes more connected—public health improves; small businesses thrive; emissions drop; and community life flourishes." The EIU highlighted that, while stability declined globally, other aspects of urban life have improved. "Scores for health care, education and infrastructure all saw marginal improvements on average," the report said. Cities in the Middle East and North Africa region showed the most-notable gains, particularly in Saudi Arabia and the United Arab Emirates, due to significant advancements in health care and education. Watkins emphasized that high-quality infrastructure alone isn't what makes a city truly livable. "What makes a city truly livable is not just infrastructure, but connection," he said. He added: "The most-livable cities foster a sense of belonging—through public spaces that invite gathering; services that reduce isolation; and policies that help people put down roots. Whether it is Vienna's cultural investment or Vancouver's focus on inclusivity, these cities recognize that social cohesion is as important to well-being as hospitals and transit lines." Watkins added that the world's most-livable cities succeed because they treat livability as a public mandate. He said: "These places remind us that good governance is not just about efficiency; it is about creating conditions where people can move freely, connect easily, and live with dignity." Top 10 Most Liveable Cities 1. Copenhagen, Denmark 2. Vienna, Austria 3. Zurich, Switzerland 4. Melbourne, Australia 5. Geneva, Switzerland 6. Sydney, Australia 7. Osaka, Japan 8. Auckland, New Zealand 9. Adelaide, Australia 10. Vancouver, Canada Source: A ranking by the Economist Intelligence Unit (EIU) based on an assessment of 30 indicators grouped into five categories, including stability, health care, culture and environment, education, and infrastructure. Do you have a travel-related video or story to share? Let us know via life@ and your story could be featured on Newsweek.
Yahoo
6 hours ago
- Yahoo
Airlines keep avoiding Middle East airspace after US attack on Iran
By Jamie Freed and Steven Scheer (Reuters) -Airlines continued to avoid large parts of the Middle East on Sunday after U.S. strikes on Iranian nuclear sites, according to flight tracking website FlightRadar24, with traffic already skirting airspace in the region due to recent missile exchanges. "Following US attacks on Iranian nuclear facilities, commercial traffic in the region is operating as it has since new airspace restrictions were put into place last week," FlightRadar24 said on social media platform X. Its website showed airlines were not flying in the airspace over Iran, Iraq, Syria and Israel. They have chosen other routings such as north via the Caspian Sea or south via Egypt and Saudi Arabia, even if these result in higher fuel and crew costs and longer flight times. Missile and drone barrages in an expanding number of conflict zones globally represent a high risk to airline traffic. Safe Airspace, a website run by OPSGROUP, a membership-based organisation that shares flight risk information, said the U.S. attacks on Iran may increase risks to U.S. operators in the region. "While there have been no specific threats made against civil aviation, Iran has previously warned it would retaliate by attacking US military interests in the Middle East - either directly or via proxies such as Hezbollah," Safe Airspace said. Since Israel launched strikes on Iran on June 13, carriers have suspended flights to destinations in the affected countries, though there have been some evacuation flights from neighbouring nations and some bringing stranded Israelis home. In the days before the U.S. strikes, American Airlines suspended flights to Qatar and United Airlines did the same with flights to Dubai. Safe Airspace said it was possible airspace risks could now extend to countries including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. "We continue to advise a high degree of caution at this time," it said. RESCUE AND EVACUATION FLIGHTS Israel's largest carriers, El Al Israel Airlines, Arkia and Israir, said on Sunday they were suspending rescue flights that allowed people to return to Israel until further notice. El Al said it would also extend its cancellation of scheduled flights through Friday and Israir said it had halted the sale of tickets for all flights through July 7. A spokesperson for Israel's airports authority said the country's main airport was expected to reopen for rescue flight landings on Sunday between 1100 and 1700 GMT. Tens of thousands of Israelis and others who had booked tickets to Israel are stuck abroad. At the same time, nearly 40,000 tourists in Israel are looking to leave the country, some of whom are going via Jordan's borders to Amman and others by boat to Cyprus. "In accordance with security directives, we are working to bring Israelis home as quickly as possible," Israel's Transport Minister Miri Regev said in a statement. Japan's foreign ministry said on Sunday it had evacuated 21 people, including 16 Japanese nationals, from Iran overland to Azerbaijan. It said it was the second such evacuation since Thursday and that it would conduct further evacuations if necessary. New Zealand's government said on Sunday it would send a Hercules military transport plane to the Middle East on standby to evacuate New Zealanders from the region. It said in a statement that government personnel and a C-130J Hercules aircraft would leave Auckland on Monday. The plane would take some days to reach the region, it said. The government was also in talks with commercial airlines to assess how they may be able to assist, it added.
