News

Australia's TD-MI inflation index rose 4.9% year-on-year in October, down from 4.80% previously.

Australia's TD-MI inflation index rose 0.5% month-on-month in October, down from 0.30% previously.

On Monday, November 2, the NI225 index opened down 349.41 points, or 0.55%, to 62,940.70.

Australia's S&P/ASX 200 index opened down 11.90 points, or 0.13%, at 8896.20 on Monday, November 2.

With the increase in foreign property ownership, the Japanese government is considering taxing the income of overseas residents operating real estate rental or parking businesses in Japan to address tax unfairness. Currently, prefectures in Japan do not have the authority to tax overseas residents; they can only tax those with offices or residences in Japan. The Ministry of Internal Affairs and Communications plans to include this change in the tax reform guidelines for fiscal year 2027, currently being developed by the government and the ruling coalition. The personal business tax rate is approximately 5%, calculated based on the business owner's previous year's business or real estate income, minus a deduction of 2.9 million yen (approximately US$18,420). The aim is to maintain tax fairness. The authority to collect the personal business tax rests with the prefecture where the business is located. While Japanese residents can be taxed based on their place of residence even without a business location, overseas residents without a business location or residence in Japan cannot be taxed, leading to a disparity in tax burden.

According to the Sankei Shimbun: The Japanese Ministry of Defense estimates that the defense budget will reach 80 trillion yen within 5 years, 1.8 times the current plan.

U.S. 10-year Treasury futures fell 2 points, and 30-year futures fell 3 points.

U.S. stock index futures opened higher on Monday, with Nasdaq futures rising 0.3%.

SpaceX SI announced that, in order to comply with the requirements of the EU's Artificial Intelligence Act, Grok will begin embedding invisible watermarks in AI-generated text starting November 7.

According to the Telegraph, British Prime Minister Burnham is open to offering compensation to Commonwealth countries in the areas of health and education as a form of redress for colonial history.

Australia's final S&P Global Manufacturing PMI for October was 49.6, down from 49.7 in the previous month.

A plane carrying nine people crashed in a residential area of ​​Palm Beach County, Florida, Sunday afternoon, local time, the Federal Aviation Administration (FAA) said. The agency said the FAA and the National Transportation Safety Board will investigate the crash. The Palm Beach County Sheriff's Office said in a statement that the crash occurred near the Military Trail. According to the FAA, the aircraft was a Learjet 60 flying from Austin to the Bahamas. The ADS-B Exchange website showed that the plane descended 27,000 feet in one minute just before flight tracking data was lost. Video footage shows the plane crashing like a cannonball. The crash site is about four miles south of West Palm Beach Airport, which was renamed "President Donald Trump Airport" earlier this year. Trump was in West Palm Beach earlier Sunday but left the airport on Air Force One more than an hour before the accident.

Australia’s inland data center has abandoned its original goal of launching in mid-2028, as regulators need more time.

US President Trump: I just had a good conversation with Israeli Prime Minister Netanyahu and we discussed the Iran issue.

US President Trump: (Regarding Canada) We have a very good idea for a deal. We are very close to reaching an agreement.

Westpac: Inflation remains above the Reserve Bank of Australia’s target range, and interest rates are likely to remain high until 2027.

The Federal Aviation Administration (FAA) reported that a business jet crashed in Greenex, Florida, with nine people on board.

Iranian Foreign Minister Abbas Araqchi, in an interview with Al Jazeera, stated that the war was not provoked by Iran; Iran was merely acting in self-defense. In this self-defense, Iran only struck US targets, which unfortunately were located within the territory of the relevant countries. Iran will not hesitate to target US military bases in the region, and will certainly include them in its strikes. The same applies to other US targets. There are also some targets in the region that, while not located within military bases, belong entirely to the United States. In my view, regional countries should take measures to prevent a new round of war, because unfortunately, if a new war breaks out, the entire region will suffer the consequences.

An Iranian security source told Al Jazeera that Tehran is continuing negotiations with the United States through Qatar and other intermediaries, but Iran harbors no unrealistic illusions about Trump's intentions. Iran considers the message received from US Vice President Vance to be positive and is currently studying how to respond. We believe that while there may be differing voices within the US, experience shows that the US president and his inner circle ultimately succumb to the temptations of Israeli Prime Minister Netanyahu and hardliners who support war. Therefore, we have a responsibility to continue to be fully prepared to take resolute and costly defensive action in the face of any aggression or crimes by the US and Israel.

According to the Iranian Students' News Agency, Iranian parliamentarian Mottaki stated that the phrase "not limited by geographical range" means that Iranian missiles will be able to reach Europe.