Inflation in Australia has decreased for the first time since November, with the latest figures from the Australian Bureau of Statistics (ABS) showing a consumer price index drop to 3.7% …
finance
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- National
Australians Are forgoing Meals and Medications to Manage Soaring Energy Costs, Research Reveals
by adminRecent research conducted by the Australian Council of Social Service (ACOSS) highlights the alarming reality that many Australians are struggling to balance their essential needs. A survey of 1,011 participants …
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The Australian Energy Regulator (AER) has unveiled a draft decision regarding the default market offer (DMO), indicating that price caps for standing retail plans will rise starting July 1. This …
- World
Trump Freezes Tariff Increases on Canadian Metals Following Ontario’s Suspension of Electricity Price Rises
by adminOn Tuesday, President Donald Trump threatened to escalate tariffs on steel and aluminium imports from Canada from 25% to 50%. This prompted the Ontario government to halt its planned electrical …
- National
Consumer Confidence Reaches Three-Year Peak Amid Cautious Optimism from RBA Rate Cut
by adminAustralian households are experiencing newfound financial confidence, marking a significant turnaround after an extended period of economic struggle. In March, consumer sentiment rose by 4 per cent, bringing the index …
- Politics
US Stock Sell-Off Deepens as Wall Street Ponders How Much Pain Trump Will Endure for the Economy
by adminThe recent downturn in the US stock market has intensified, with Wall Street expressing concerns over President Donald Trump’s approach to economic stability and his willingness to allow pain for …
- Finance
Star Receives Last-Minute $250 Million Cash Injection Proposal from US Casino Giant
by adminStar Entertainment has secured a crucial financial support of $250 million from Bally’s Corporation, a prominent American casino operator. This much-needed cash infusion comes as Star, which operates casinos in …
- Finance
Star Entertainment Fails to Secure Sale of Stake in $3.6 Billion Queen’s Wharf Project
by adminStar Entertainment has yet to secure an agreement to divest its stake in the Queen’s Wharf development in Brisbane, valued at $3.6 billion. Reports from the Australian Financial Review indicate …
- National
Iconic Australian Cheese Producer King Island Dairy Set to Continue Under New Ownership
by adminKing Island Dairy, a renowned cheese producer in Tasmania, has secured a new owner, averting a closure that was slated for June. The parent company, Saputo Dairy Australia (SDA), had …
- Finance
Australia Emerges from Per-Capita Recession Following Two Years of Strongest GDP Growth
by adminAustralia has emerged from a per-capita recession, experiencing its strongest economic growth in two years. According to newly released national accounts data from the Australian Bureau of Statistics (ABS), the …
