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Pressure Builds for Albanese Over Housing Tax Overhaul

Australian Prime Minister Anthony Albanese is facing mounting public and political pressure following last week's federal budget, which included proposed changes to negative gearing and the capital gains tax (CGT) discount. Policy Institute of Australia CEO Amy Auster warns the tax changes could fail to address the core issue of housing supply. She spoke on "Bloomberg: The Asia Trade."

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Bloomberg

Energy Prices Pose Challenge for Travelers

The Iran war, the Trump administration's policies on immigration, energy-price volatility and economic uncertainties have added wrinkles to travel plans for many consumers in 2026. Yet BI's proprietary survey data show resiliency in discretionary spending, at least for now, despite shifting preferences for how they plan to spend on travel and leisure activities. There may be some caveats to this in airlines, gaming, hotels and other segments of leisure. Bloomberg Intelligence Senior Credit Analyst Jody Lurie joined Christina Ruffini and David Gura on Bloomberg This Weekend to discuss what's in store for the rest of the year for UK and US travel.

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