Anthony Albanese’s ambitious plan to build 1.2 million new homes over the next five years has been declared as dead in the water – before it even officially commences. One of the Federal Government’s signature policies led to the establishment of a National Housing Accord between the states and territoriesContinue 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
Demand for new workers has cooled for the fifth quarter in a row, according to the latest Australian Bureau of Statistics (ABS) jobs vacancy data. The report, released Thursday, covers the three months to August, and shows there were 390,000 job vacancies in that quarter — down 38,000 from May.Continue Reading
China’s mum and dad investors, small businesses and employees are being cut loose. As Beijing grapples with how to revive the nation’s flatlining economy, they’re being left to carry the bills left by collapsing megacorporations. Property developers Evergande and Country Garden owe suppliers, builders, contractors and employees billions of dollars.Continue Reading
Since the pandemic first began significantly impacting the Australian economy in the early months of 2020, we have witnessed surprise after surprise for the economy and households. Through a commitment of more than half a trillion dollars in stimulus between state and federal governments and pandemic-fuelled demand, the economy hasContinue Reading
Time is running out for the US to resolve its debt crisis, with the nation now set to run out of cash within days. Tense negotiations are currently under way in Congress regarding the debt ceiling – the legislated amount of debt the US Federal Government can have outstanding –Continue Reading
Experts are growing increasingly frantic amid fears America could default for the first time ever – which would send major shockwaves across the globe. The nation is running out of cash, and tense negotiations are currently underway in Congress regarding the US debt ceiling, which currently sits at $US31.4 trillionContinue Reading
Emirates has finally launched its new premium economy cabin in Melbourne – and Aussies are all for it. While the new seat class already launched in Sydney last year much to the delight of passengers, the airline, which is one of two flag carriers of the United Arab Emirates, announcedContinue Reading
Experts have revealed one glaring sign that a global recession is fast approaching, with a “big question mark” now hanging over us all. The demand for diesel fuel has long been considered a significant clue regarding the health of the world’s economy, given it is used to power major industriesContinue Reading
More Aussie businesses are collapsing now than before the pandemic as “zombie companies” are flushed out of the system — and experts warn it will “get worse before it gets better” as consumers tighten their belts. The latest insolvency statistics released by the corporate regulator on Tuesday showed 831 businessesContinue Reading