Data shows more than one in 20 businesses across the country is failing as consumer spending dries up and high costs hit their bottom line.
Sharemarket investors were initially excited about the president-elect’s return to the White House but Jerome Powell quickly became the party pooper.
The Reserve Bank of Australia is worried excessive growth in wages is keeping inflation above its target zone. But there’s absolutely no sign of that happening.
The greenback has surged against currencies of America’s major trading partners since the election,sounding a warning for the global economy.
After years of wage rises lagging behind inflation,they rose more than inflation in the year to September – but wage increases have already started to slow.
Opposition Leader Peter Dutton said Australians were just as focused on inflation as Americans who elected Donald Trump as he refused to commit to the reform.
Treasurer Jim Chalmers will unveil plans,mirroring reforms used by Paul Keating and John Howard,to get the economy running faster and cheaper.
The competition watchdog has revealed prices on some flight routes more than doubled in the months after Rex Airlines’ collapse and the demise of budget carrier Bonza.
The Queensland government has rejected a Commonwealth plea to get on with building Olympic venues,insisting the LNP’s mooted 100-day review must be allowed to play out.
Jerome Powell says he will not resign as chairman of the US Federal Reserve should the president-elect ask him to. Trump’s advisers are working on a Plan B.
In only 6½ years it’s built a whopping following,making it one of Perth’s most successful shops of its kind. So why can’t that keep the wolf from the door?