Back in 2005, US economist Fred Bergsten coined the term “Group of 2” or “G2”, proposing a stronger partnership between what are now the world’s two largest economies – the United States and China. In the aftermath of the global financial crisis a few years later, economic cooperation between these two countries briefly […]
economy
Coles has been found to have misled its supermarket customers over discounts – and could now face hundreds of millions of dollars in penalties. In a landmark case, Federal Court Justice Michael O’Bryan found 13 out of 14 sample sale tickets examined in the case had not offered genuine discounts, because Coles […]
The consumer watchdog’s Federal Court case against Woolworths over its “prices dropped” promotions is underway and will run into next week. This – and a separate court action against Coles – are crucial legal cases, with the potential for hundreds of millions of dollars in fines. Around two-thirds of all Australian supermarket sales are made at […]
For the first time in its 124-year history, Treasury will be led by a woman. Jenny Wilkinson’s appointment is historic in its own right. Even more remarkable is the fact she joins Michele Bullock at the Reserve Bank and Danielle Wood at the Productivity Commission. Australia’s three most powerful economic institutions […]
In the world of business, it’s no longer the biggest players who are calling the shots. Today, startups are rewriting the playbook, creating bold new paths where legacy companies have failed to innovate. With billions of dollars invested globally each year, these fast-moving disruptors are not only challenging the status […]
Immigration is shaping as one of the most potent policy issues of the election campaign. Opposition Leader Peter Dutton has announced a Coalition government would cut the two major migration programs – permanent and net overseas. He has directly linked the number of people coming into the country to high house prices, […]
US President Donald Trump singled out Australia’s beef trade for special mention in his announcement that the United States would impose a 10% global tariff as well as “reciprocal tariffs” on many countries. In a long speech in the White House Rose Garden, Trump said: “Australia bans – and they’re […]
Treasurer Jim Chalmers will bring down the federal budget on Tuesday. It’s likely most of the major spending initiatives have already been announced. An extra A$8.5 billion in spending on Medicare will aim to ensure nine out of ten GP visits will be bulk billed by 2030. Queensland’s Bruce Highway is to […]
The ripple effects of the current economic crisis are redefining relationships, reshaping spending habits, and driving a shift toward underconsumption. As Australians navigate mounting financial and social pressures, these changes are leaving a lasting impact on personal connections and consumer behaviour. As the country grapples with the cost-of-living crisis, its […]
