Bloomberg It’s only a matter of time before Australia loses its AAA credit rating as the nation’s budget falls further into deficit, according to John Hewson, a former Liberal Party leader and central bank economist. “The fact that we are going to lose the triple-A credit rating is a foregone conclusion, it’s just a question of timing,” Hewson, who ...

  Bloomberg Just how much foreign money is contributing to rising property prices is a staple of dinner party conversations around the globe. Australians now have a near-official answer, and it’s less than most would think. The Australian Treasury estimates that foreign demand for real estate increased prices in Sydney and Melbourne by no more than A$122 ($90) a quarter ...

  Bloomberg Virgin Galactic’s new spaceship has made a successful first glide flight, a key step after a deadly crash of its predecessor two years ago, the spaceflight company said. The new SpaceShipTwo, dubbed VSS Unity, was hoisted aloft by carrier airplane WhiteKnightTwo VMS Eve from the Mojave Air & Space Port in California, the company said on Twitter. Released ...