Can a correction fix Australia’s housing market?
Summary
This episode of the FT News Briefing explores significant global developments. It delves into France and Germany's proposals for a radical overhaul of the EU's 15-year-old diplomatic service, aiming to give more control to the Commission and member states. The discussion then shifts to escalating US-Iran tensions, pressured by rising US inflation, and the complexities of achieving a ceasefire. Finally, the podcast examines Australia's unorthodox strategy to fix its housing crisis by reversing decades of tax incentives, analyzing its potential impact and political risks.Episode description
France and Germany are discussing proposals for a radical overhaul of the EU’s 15-year-old diplomatic service, and the most recent US inflation report is putting pressure on President Donald Trump to extend the ceasefire with Iran. Plus, can Australia fix its housing crisis?
Mentioned in this podcast:
EU countries weigh ‘tearing apart’ bloc’s diplomatic service
US and Iran exchange strikes after downing of American helicopter
Donald Trump suggests he may not renew trade deal with Mexico and Canada
Australia tries to fix its housing crisis. Will it work?
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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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