John Harris

John Harris covers the economy with a focus on trade, financial policy, inflation, markets, and major business developments. He follows economic data, government decisions, central-bank developments, and changes in international commerce. John aims to explain what the numbers show while avoiding unnecessary speculation, giving readers a practical view of wider economic conditions.
Economy & Trade

Australia sues Amazon over Prime Video ad introduction and unfair contract terms

The Australian Competition and Consumer Commission (ACCC) has filed a lawsuit against Amazon Commercial Services Pty Ltd, alleging that the…

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Economy & Trade

Ford Recalls 11,405 2026 Rangers Over Rearview Camera Defect

The root cause of the malfunction has been traced to a power loss originating from a cracked multi-layer ceramic capacitor.…

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Economy & Trade

RBA poised to lift rates to 4.60% as markets price in further hikes

For the average borrower, the increase will have immediate financial consequences. On a standard $700,000 mortgage, the hike is estimated…

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Economy & Trade

US, China announce $30bn tariff cuts, agricultural working group after Xi’s state visit

Despite the commercial progress, official statements notably omitted any resolution to the dispute over rare earths, a critical supply chain…

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Economy & Trade

US and China publish lists for $30bn tariff reduction framework

The development follows a state visit by Chinese President Xi Jinping to Washington, where he met with US President Donald…

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Economy & Trade

Norway’s $2.3 Trillion Sovereign Fund Posts Record $184B Profit, Rebalances US Bond Exposure

The strong results were primarily driven by robust performance in equity markets, particularly within the Asian technology sector. Equities constitute…

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Economy & Trade

Australian first-home buyers face shrinking budgets as rate hikes outpace modest property price falls

Borrowing Capacity vs. Price Declines Data analysis based on Westpac’s latest property forecasts indicates that Sydney’s median house price could…

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Economy & Trade

Vietnam’s Rate Hike May Have Peaked as Deposit Growth Overtakes Credit

This improvement in liquidity does not, however, immediately translate into lower borrowing costs. The pressure on interest rates is fundamentally…

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Economy & Trade

Senate Passes Russia Sanctions Bill Granting President Broad Tariff Authority

The primary economic mechanism of the bill authorizes the president to impose tariffs as high as 100% on the top…

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Economy & Trade

Volkswagen Weighs 100,000 Job Cuts and Factory Closures in Historic Restructuring

The proposed cost-cutting initiative is a direct response to deteriorating economic conditions within the German auto sector. The group faces…

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