The iconic Lord Nelson in Sydney’s Rocks district has changed hands as the pub market stays frothy,with sales across the country close to $1 billion in 2024.
There is evidence that banks have become too conservative in lending to some businesses,and it’s hurting the economy.
In a world of rising geopolitical tensions,Australia is tightening up its foreign investment laws in lockstep with many other Western nations.
A report warned that as Chinese investment in Australia reached record lows,a more worrying threat was emerging.
Proposed new national security laws unveiled this week are likely to have the same chilling effect on investment and activity as the counter-espionage rules that mainland China introduced last year.
Normally,the saying is you need money to make money,but in WA it seems you need ore to make more – and keep a close watch on China,costs and the energy transition.
Joe Lewis,who is facing allegations of insider trading,increased his already sizeable holdings in Wagyu producer Australian Agricultural Company.
How Beijing manages the efforts to revive the faltering economy matters for commodity producers like Australia.
Relations between China and Australia have improved in the past month,with senior politicians and business people from both countries seeking to repair the trade and investment partnerships. But more remediation is needed.
The US and Europe will lose from the fragmentation and redirection of global investment flows,but less developed economies and China will suffer even more,the IMF says.
Companies are adroit at capitalising on the consumer desire to do their part in improving the environment.