Parliament Delays Carbon Tax Hike Amid Economic Concerns
Lawmakers voted to postpone a planned increase in the national carbon tax, citing worries over rising living costs and slowing wage growth. Environmental groups expressed disappointment, warning that climate targets could be missed.
Central Bank Holds Rates Steady Despite Inflation Pressure
The central bank maintained its benchmark interest rate, signaling caution as core inflation remains above target. Analysts note that policymakers face a difficult balancing act between controlling prices and supporting fragile consumer spending.
Healthcare Overhaul Stalls as Costs Escalate
Efforts to reform the public healthcare system have slowed, with officials citing unexpected expenses and pushback from medical associations. Critics argue the delays will prolong long wait times and uneven access to care.
Trade Talks With Pacific Partners Stumble Over Labor Standards
Negotiations on a regional trade pact hit a roadblock as member states failed to reach agreement on labor protections. Business leaders warn that prolonged uncertainty could chill investment.
Major City Faces Backlash Over Public Transit Fare Increases
The city council approved higher bus and rail fares to address a growing budget gap, sparking criticism from commuter groups and local businesses. City officials argue the move was necessary to avoid service cuts.
Government Faces Lawsuit Over Delayed Housing Projects
A coalition of advocacy groups has filed suit against the government, alleging chronic delays in affordable housing construction. Officials say regulatory hurdles and rising material costs have complicated delivery.
Agricultural Exports Decline as Drought Persists
Farmers are reporting lower yields for a second consecutive year as drought conditions continue across key growing regions. Export volumes have fallen, raising concerns about rural incomes and food prices.
Olympic Committee Scrutinized for Budget Overruns
Preparations for the next Summer Games have drawn criticism after it was revealed that costs have exceeded original projections by 15 percent. Organizers attribute overruns to supply disruptions, but watchdogs demand greater transparency.