Reuters Econ World

Australia's sky‑high cigarette taxes have slashed smoking rates - but they have also helped fuel a booming black market for illicit tobacco. Host Carmel Crimmins speaks with Assistant Customs Minister Julian Hill and economist Lachlan Vass on whether Australia’s tobacco excise has overshot its mark - economically and politically.

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Produced by Eliza Davis Beard

Sound engineering and music by Josh Sommer

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Further listening

Trade and Australia

Tax
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What’s the best refuge for investors in times of crisis? Traditional safe-haven assets, including gold and the yen, are faltering as the war in Iran rattles markets. Host Carmel Crimmins is joined by Reuters Morning Bid hosts Mike Dolan and Anna Szymanski to unpack what 'safe' really means in a world of inflation, energy shocks and geopolitical risk.

* This episode was recorded before the US and Iran agreed to a two-week ceasefire on April 7, 2026.

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Produced by Eliza Davis Beard

Sound engineering and music by Josh Sommer

Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Further listening

⁠Just noise? Investing in turbulent geopolitical times⁠

⁠The dollar⁠

⁠Gold⁠
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Hear Carmel Crimmins live from New York with A Starting Point's (ASP) Chris Evans and Mark Kassen as they examine the ways Gen Z has been hit by the cost of living crisis and look for solutions. Watch as NYC council member Chi Ossé and Aaron Hedlund from the White House Council of Economic Advisers join them on stage for a bipartisan discussion of how young people are affected by the affordability gap.

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Further listening

Trump’s economy — Live from New York

Is the U.S. economy in danger of contracting?

Labor market limbo
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The U.S. electric vehicle market was bracing for an “EV winter” after President Trump’s policies championed gas-powered cars. Then he went to war with Iran. Can the energy crisis caused by that conflict turn things around for EVs? Reuters U.S. autos editor Mike Colias joins host Carmel Crimmins to talk pump prices, politics and the psychology of buying a car.

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Further listening

Fast lane

Iran: supply shock

Europe’s energy security
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The “father of capitalism” has some lessons for the global economy. Host Carmel Crimmins talks to European economics editor Mark John about why Adam Smith’s observations on trade, the super-rich and productivity in “The Wealth of Nations” still resonate 250 years after the book’s publication.

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Further listening

Labor market limbo

Conglomerates

Growth and the planet
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