Advertising millionaire and philanthropist Harold Mitchell has been farewelled in a state funeral, where he has been described as a fearless, funny and provocative industry giant who had a famed hatred of meetings which ran late. The Melbourne man, who ran one of Australia’s first independent media and advertising companiesContinue Reading
The Seven West board, led by Kerry Stokes, has probed shock claims of cocaine and sex workers plaguing investigative program Spotlight, with questions raised over the extent of knowledge in the finance department and among Seven executives. News.com.au understands that news and current affairs boss Craig McPherson told the executivesContinue Reading
While the meal packs are appealing, if health is on your mind, it is a much better option to make your own meal rather than pick one of the pre-made packs, which are packed full of fried additions that bump up the fat and calorie content of the popular menuContinue Reading
Reserve Bank governor Michele Bullock has dealt a fresh blow to borrowers with a 13th interest rate rise while cautioning that inflation will be higher in 2024 than previously expected. Ms Bullock said Tuesday’s decision to lift rates by 25 basis points to 4.35 per cent was necessary as progressContinue Reading
Treasurer Jim Chalmers has warned the government will have to cut back on some infrastructure projects to help trim inflation. Economists from the International Monetary Fund (IMF) urged the federal government to scale back on its record $30bn a year of public infrastructure spending, warning the economy was running farContinue Reading
The Reserve Bank has been urged to lift interest rates and governments warned to pull back on infrastructure projects to reduce inflation. In its annual economic health check, the International Monetary Fund concluded Australia’s economy was “resilient” but “sticky” inflation was a cause for concern. “Although inflation is gradually declining,Continue Reading
Freshly minted Reserve Bank governor Michele Bullock will hand down her first cash rate decision on Tuesday afternoon, with the market almost unanimously foreshadowing rates will be held steady at 4.1 per cent. In her first board meeting in the top chair, Ms Bullock is tipped to keep the rateContinue Reading
Economists have urged caution over the inflationary threat of soaring global oil prices and sticky price pressures ahead of Michele Bullock’s first board meeting at the helm of the Reserve Bank. The RBA is due to meet on Tuesday for its October rates decision, where it is widely expected toContinue Reading
Economic contagion from China and soaring petrol prices pose significant risks to the Australian economy, the Reserve Bank has warned. Released on Tuesday, the minutes of the RBA board’s most recent meeting – at which it held the cash rate on hold at 4.1 per cent for the third consecutiveContinue Reading
Economists say whether or not the Reserve Bank of Australia raises interest rates one more time after their monthly board meeting next week or not, Aussies will feel the pain for months to come. Australia’s central bank has hiked interest rates every month since May last year, with the exceptionContinue Reading