International Business Times AU

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Unemployment may have to rise sharply as the US Federal Reserve tries to slow the economy and choke off soaring inflation

Australia's Unemployment Rate Holds Steady At 4.1%, Defying Expert Predictions For September

Australia's economy added 64,100 jobs in September, whilst the prediction was of 25,000. The key driving factor of the growth was 51,600 new full-time positions.

83% Of Australians Blame Supermarkets For Rising Living Costs, Poll Reveals
When asked about policy changes that could lower living costs, 64% of respondents suggested increasing competition among the major supermarkets and reducing utility costs. While, 60% called for lower medical expenses, 58% advocated for faster wage growth.
Warburg Pincus Invests AU$490M In Australia's MA Financial To Bridge Residential Funding Gap
MA Financial's joint CEO Julian Biggins stated the investment will support the company to bridge key gaps in the country's underserved residential market.
US B-2 Bombers Strike Huthi Facilities In Yemen: Military
The United States on Wednesday conducted multiple B-2 bomber strikes on weapons storage facilities in areas of Yemen controlled by the Iran-backed Huthi rebels, according to the US military and defense department.
Star Casino Hit With AU$15 Million Fine, License Reassessment Set For 2025 After Misconduct Probe
Philip Crawford, NICC chief commissioner, said The Star was found to have repeatedly violated compliance protocols and that operations inside the business "fell short of suitability."

Lower Rates, Surging Stock Market Fail To Ignite US IPO Market

Public listings on Wall Street have seen a slow comeback in 2024 despite a resilient US economy, a long-awaited interest rate cut by the central bank and stock valuations hitting record highs.

WAR IN UKRAINE

NATO Secretary General Mark Rutte said allies were discussing a Ukrainian 'victory plan' calling for an invitation to join the alliance

Zelensky In Brussels To Defend 'Victory Plan' At EU And NATO

President Volodymyr Zelensky was headed to Brussels Thursday to defend his "victory plan" for Ukraine to both EU leaders and NATO defence ministers, with the outlook on the battlefield bleak in Kyiv's battle to repel the Russian invasion.

Economy in Focus

Eurozone Stocks Climb As ECB Rate Cut Looms
Paris and Frankfurt stock markets climbed and the euro traded mixed Thursday before an expected interest-rate cut from the European Central Bank as the eurozone faces weakening economic activity and falling price pressures.
Global Stock Markets Fall As Tech Fears Weigh
UK Inflation Hits Three-year Low, Fuelling Rate-cut Hopes

More News

Australia Records Steepest Birth Decline Since 2006, Falling 4.6% In 2023
Rising living costs and postponed family planning were cited as the main causes of Australia's birth rate plummeting to a 17-year low, a 4.6% decrease from 2022, and a total fertility rate of 1.5 infants per woman.

Portrait By Humanoid Robot To Sell At Auction In Art World First

The robot artist Ai-Da, a humanoid powered by artificial intelligence, will be the first of its kind to have a painting sold at a major auction house, organisers said Wednesday.