logo
World's most liveable cities 2025 revealed, Australia ranks three times in top 10

World's most liveable cities 2025 revealed, Australia ranks three times in top 10

News.com.aua day ago

Australia has impressively taken out three of the top 10 spots on the 2025 ranking of most liveable cities in the world.
Melbourne has once again beat rival Sydney, coming in at number four on the Economist Intelligent Unit's annual Global Liveability Index.
Sydney ranked sixth and Adelaide was ninth.
The index assesses 173 cities around the world across the categories of stability, healthcare, culture and environment, education, and infrastructure.
Copenhagen, the capital of Denmark, was crowned the best city to live, ending Vienna's three-year run in the top spot.
But, before Copenhagen and Vienna, it was Melbourne that held the title of world's most liveable city for seven years. Victoria's state capital got dethroned in 2018.
Copenhagen received perfect scores for stability, education and infrastructure.
Austria's capital Vienna may no longer be number one, but it still placed second, tying with Switzerland's Zurich.
Vienna's stability score fell significantly, attributed to incidents such as the bomb threat at Taylor Swift's August 2024 concert that led to the cancellation of three shows.
EIU said overall this year's results reflected a continued decline in global stability, 'driven by intensifying geopolitical conflict and civil unrest'.
Melbourne, Sydney and Adelaide all earned perfect scores for healthcare and education this year.
Australia's friend across the ditch, New Zealand, also made the top 10, with Auckland placing equal seventh with another city loved by Aussies — Osaka in Japan. About 920,000 Australians visited Japan in 2024, setting a new record. This year we're expected to break the one million mark for the first time.
Switzerland made an appearance in the top 10 a second time, squeezing in between Melbourne and Sydney with Geneva in fifth place.
Vancouver, Canada rounded out the top 10 as North America's only representative.
The EIU said it lowered the healthcare scores this year for all four Canadian cities in the index. EIU deputy industry director Barsali Bhattacharyya told CNN there were 'long waiting lists for medical check-ups' and staff shortages at medical facilities and hospitals.
Calgary dropped all the way from fifth place in 2024 to 18th in 2025.
All the cities covered by the index in the UK (London, Manchester and Edinburgh) also dropped down the ranks, 'following widespread riots and rising homelessness,' the EIU noted.
The highest US city on the list was Honolulu, Hawaii at number 23.
Al Khobar in Saudi Arabia climbed the most places up the ranking this year from 148th to 135th.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Really high income burden': Calls to slash income taxes
‘Really high income burden': Calls to slash income taxes

News.com.au

time23 minutes ago

  • News.com.au

‘Really high income burden': Calls to slash income taxes

Australia is being warned to modernise its tax system or risk having a severe problem down the track, with high income taxes being replaced by taxation on consumption. Australian Treasurer Jim Chalmers used his speech at the National Press Club on Wednesday to flag that the government was looking to make 'bold' reforms beyond its proposal to roll back concessions on ultra-high super accounts. But when questioned if these 'bold' changes included moving on the GST rate, Mr Chalmers declared he couldn't 'rule in or out' any changes, although he said he was personally against the idea. CPA Australia chief of policy Elinor Kasapidis told NewsWire while she welcomed the conversation started by Mr Chalmers, she believed Australia should lift the GST. 'It's what you call an indirect tax and it is efficient to collect as it is on consumption,' she said. 'What it also means is putting your money into investments that can grow and develop more profits, generating more income for individuals and businesses as well as helping to drive the economy. 'If you can drive the economy, you increase GDP, your tax take is naturally going to increase and that can help the budget.' Ms Kasapidis said this should be done in two ways – by broadening the base for the GST as well as lifting the rate. The GST has been stuck at 10 per cent for 23 years. The current GST system is complex with a number of exemptions including on including most basic foods, some education courses, some medical health and care products, water services, precious metals, exports, farmland and international mail. 'We have a lot of GST-free goods and exemptions which makes things tricky and complicated and then you need to look at raising the rate,' she said. 'Of course you also have to look at who would be impacted, such as lower income households and pensioners, to make sure they are compensated during the transition.' BDO tax partner Michael Anderson agrees telling NewsWire Australia needs to reduce its reliance on income taxes by broadening the tax base and working with the states to eliminate ineffective taxes. 'While this involves balancing multiple competing interests, the objective would be to increase the income/profit of individuals and corporates alike, which in turn could be spent on productivity-lifting investment,' Mr Anderson said. 'If individuals choose to spend an increase in after-tax income, it would be recaptured through a broader GST base.' Ms Kasapidis warned the current tax collection model was inefficient and relied too heavily on income taxes for both individuals and businesses. 'If you look at the OECD statistics it shows we have a really high burden on income tax which means workers and businesses contribute a lot of the base compared to other countries,' she said. 'If you look at other jurisdictions all around the world, they have a flat GST rate. 'So you apply it to everything. 'But what that means of course on the income tax side you might have some changes including tax cuts so that is balanced out.' CPA Australia stopped short of calling for a specific hike to the GST but instead called for a conversation around a fair rate. The International Monetary Fund has previously suggested Australia should expand consumption taxes such as the GST to help repair a blowout in the deficit, that's not an idea the Treasurer has backed. Ms Kasapidis said acting on changing the tax system now, while Australia is in an 'okay economic position' can help avoid shocks of the future. 'What we don't want to get to a point in 20 or even 50 years when we have a crisis and have to make sharp cuts, so let's have this conversation now,' she said. 'If you can get a tax system that is balanced, sustainable and proportionate it will help the government with its revenue planning. 'If you can make it efficient you can unlock productivity and get economic growth so you have that benefit. Mr Anderson said a number of measures could be implemented including:

Ex-HSBC banker's Nuno Matos revolution has just begun at ANZ
Ex-HSBC banker's Nuno Matos revolution has just begun at ANZ

The Australian

time23 minutes ago

  • The Australian

Ex-HSBC banker's Nuno Matos revolution has just begun at ANZ

New ANZ CEO Nuno Matos plans to move quickly to overhaul the bank. Picture: Arsineh Houspian Carnegie's exit is unsurprising, and will be the first of several expected to leave ANZ in coming months with Matos, a former top HSBC banker, determined to lift the perennial number four bank. Other areas in Portuguese banker Matos' sights that can expect change will be risk management, institutional banking and technology. Those who have worked with Matos in previous roles say the global bank executive has a reputation for moving quick and will leave no doubt he is now calling the shots. Maile Carnegie will leave the bank at the end of this month. Management upheaval is always expected to follow with the appointment of an outside boss like Matos. But ANZ's reputational hits of the past year and relative underperformance gives Matos even more of a mandate for change. A former Google Australia boss, Carnegie has been with ANZ since 2016, initially she was recruited in the newly created role of digital banking before former boss Shayne Elliott made a captain's call. He promoted her to run retail banking: a critical business in 2022 that generates earnings of more than $1.4bn annually. Carnegie was certainly an unorthodox hire by Elliott, but it was a recognition that ANZ badly needed to boost its digital credentials, with it lagging behind the likes of Commonwealth Bank. Over her time Carnegie had full oversight of the long-promised ANZ Plus tech overhaul, a program years late – indeed it won't be ready until nearly 2028, and was recently revealed by Elliott to have cost a stunning $2.5bn – although that included building second business-focused platform Transactive. Carnegie's initial ANZ business became the genesis of the ambitious new ANZ Plus banking platform. This is an entire new tech system that promises to lower costs, but customers will know about it through a banking app that promises to do everything online. Still, her promotion three years ago was a big call by Elliott. Carnegie's background before Google was in marketing and product, with senior roles at US consumer goods major Procter & Gamble. This, and regional sales at Google, was an entirely different mindset from running a big four bank retailing franchise that at its core manages mortgages and deposits, and it had badly stumbled in the wake of the Covid-19 refinancing boom. ANZ Plus became years late and over budget as the scope kept changing. Picture: Max Mason-Hubers/The Australian At the start of 2022, Carnegie promised ANZ Plus would be available to customers 'soon' as well as the arrival of the mythical 10-minute mortgage. This timeline for the app and mortgages kept being pushed out as the project became ever more complex. To be fair, there has been significant change in the scope of the project, which ultimately became the template for a bank-wide tech transformation. ANZ Plus also became linked up with the $4.9bn Suncorp bank acquisition, changing the parameters yet again. It's also being rolled out in New Zealand. For two years, new ANZ customers were signed on to the platform, where it now has more than one million customers. But existing ANZ customers, representing five million accounts, are still not on ANZ Plus or have access to its features. This won't happen for another three years. Mortgage brokers, who represent the bank's biggest distribution source, are only now being given limited access. Still, it reinforces one of the recurring issues with ANZ under the Elliott era, and this had been around execution. The critical phase in ANZ Plus comes later this year with plans to begin moving an additional one million Suncorp customers onto the platform. Given the high risk that disruption could send those newly-acquired customers packing, Matos is not taking any chances. He's putting in Suncorp Bank chief executive Bruce Rush as ANZ's acting head of retail, overseeing both Suncorp and ANZ. Maile Carnegie with former ANZ CEO Shayne Elliott at the ANZ Plus launch in 2022. Picture: Arsineh Houspian There's a dotted line between Rush and Matos. Both previously worked at Spanish bank Santander. Rush was with Santander UK, the former Abbey National, acquired by Santander in 2004. Matos was part of the Santander integration team. On joining ANZ last month, Matos called out three urgent priorities, and here the retail business was already in his sights. The first was building a clear corporate culture based around 'decisiveness, drive, execution, delivery and performance'. The second was lifting ANZ's Australian business, which was 'not operating at its full potential', he said. Thirdly, Matos was determined to improve the excellence of how ANZ manages risks – including non-financial risks, and this was in recognition of the potentially damaging investigation by regulator ASIC into questionable trading inside the bank's bond desks. Matos will launch a global search for Carnegie's replacement. This means his first appointment will be his most significant. In a statement, Matos said Carnegie informed him last month that she wanted to transition to a non-executive career outside ANZ. 'On behalf of everyone at ANZ, I wish (Carnegie) well with the next phase of her career and thank her for all her efforts,' the new CEO said. The Matos revolution is just beginning. Read related topics: Anz Bank

AEMC announces new rules in retail energy market, limits price hikes to once a year
AEMC announces new rules in retail energy market, limits price hikes to once a year

News.com.au

time26 minutes ago

  • News.com.au

AEMC announces new rules in retail energy market, limits price hikes to once a year

Electricity retailers will be limited to hiking prices on consumers once a year in a major shake-up to the country's retail energy market. The Australian Energy Market Commission announced the changes on Thursday, entrenching a sweep of new rules designed to protect consumers from price shocks. Retailers are now limited to lifting prices once a year and must ensure customers who sign up to a plan with a temporary benefit do not roll over to one that is higher than the default price. Further, there is now a ban on what AMEC calls 'unreasonably high penalties' for not paying bills on time, and a ban on fees, except for network charges, for vulnerable customers. Providers must also limit fees charges to reasonable costs for all other consumers. AEMC chair Anna Collyer said the new rules, which follow from requests submitted by state energy ministers in August last year, marked a 'significant milestone in consumer protection'. 'These reforms will help ensure that Australian households can have she said. 'For the first time, we have formally applied our updated equity guidance across these rule changes, explicitly considering how contract terms, benefits and fees may disproportionately impact vulnerable consumers.' She said limiting energy price increases to once a year would help households 'predict' their energy costs and avoid unexpected price rises across the year. The AEMC also announced a draft proposal to improve the visibility of the 'better offer message' that appears on energy bills. The regulator claims as many as 40 per cent of customers do not always open their bills and so miss important messages about potential savings. The draft rule would require retailers to present better offer messages in cover emails and bill summaries. 'The primary opportunity is visibility – ensuring customers know when better deals are available to them,' Ms Collyer said. data insights director Sally Tindall said the changes were 'a step in the right direction' but more needed to be done to 'lift the clouds of confusion that hang over our electricity bills'. 'The new rule to limit price hikes to just once a year is a fantastic measure that will give Australians greater confidence when comparing their options,' she said. 'It means that Australians will be more likely to be comparing apples with apples when they do their research, particularly if the majority of retailers opt to implement any price hikes in July in line with the reference price changes. 'Right now, Australians looking for a competitive deal on their electricity plan really need to be checking on their rates at least once every six months. 'Limiting the number of price hikes to just one a year could reduce the need to check on your bill, freeing up time to focus on other expenses.' The new rules come into effect from July 1, 2026, giving retailers 12 months to implement them.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store