The new maximum penalties – up to $5 billion for Woolworths and $3.8 billion for Coles – are designed to protect farmers and food suppliers in their dealings with the big supermarkets.
The RBA has found itself in uncertain times,as it tries to bring inflation down without driving the country into a recession.
After nearly 10 years of the Coalition having many opportunities to deliver surpluses,it not only failed to do so but managed to leave us with a trillion-dollar debt. On the other hand,Jim Chalmers will be the first treasurer in nearly two decades to bring in back-to-back surpluses.
Treasurer Jim Chalmers is unveiling changes to how banks inform their customers on everything from deposits to mortgage rates,so people can make better financial choices.
The treasurer has set targets to determine if Australia will stick to “the narrow runway”. But there’s growing pessimism from businesses under siege.
The RBA was supposed to be dragged into the 21st century with huge changes to how interest rates are set. But the July 1 start date will be missed.
It was simply untenable for the chair of a media company to seemingly shove a reporter to the ground,laugh,walk off and carry on in the boardroom as if nothing had happened.
As the Nine board discussed the fallout from sexual harassment allegations,chairman Peter Costello was under scrutiny for video footage of an airport incident.
Growth at 0.1 per cent is abysmal. GDP per capita has fallen by 1.6 per cent since mid-2022. You don’t see that sort of fall outside a deep recession.
A group of economists and policy experts has rallied to support the government’s Future Made in Australia plan,saying the country will be poorer without it.
The budget papers include a long statement spelling out what’s wrong with housing with a candour I’ve not seen before.