The companies say they 'expect strong client demand and maintain the flexibility to significantly expand the size of the program.'
Ann Resuma Sep 27, 2024
The Supermarkets Inquiry Interim Report by the Australian Competition and Consumer Commission (AICCC) found that the country's biggest grocery chains, Coles and Woolworths, were acting as "oligopoly," limiting the incentive to compete on price.
Vidhya CK Sep 27, 2024
PayPal has announced that merchant accounts will also now be able to buy, hold, and sell cryptocurrencies as the digital payments platform has seen increased interest among business owners to utilize crypto.
Marvie Basilan Sep 26, 2024
Billionaire and Shark Tank investor Mark Cuban has seen his fair share of huge roles in the corporate world – now he wants a top position at what could be the most contentious agency for the crypto industry.
Marvie Basilan Sep 26, 2024
The Financial Stability Review reported a rising number of mortgage holders, who were defaulting on home loans and more people opting to sell their homes to escape repayment.
Vidhya CK Sep 26, 2024
The results of its latest supermarket pricing study, tabled after comparing prices of 14 common grocery items across 104 stores nationwide, found Aldi to be cheaper by at least AU$18, while compared to Coles or Woolworths.
Shreyashi Chakraborty Sep 26, 2024
The job openings fell by 17.1% from 2023 at a seasonally adjusted 329,900, which was the lowest drop since August 2021. However, the rate was 45.1% higher than the period before the pandemic struck.
Vidhya CK Sep 26, 2024
A court filing on the Federal Court of Australia's website revealed Thursday that knowledge about the issue was fragmented among the senior Qantas managers.
Shreyashi Chakraborty Sep 26, 2024
Between August 2018 and February 2021, the securities firm claimed to conduct ESG screens for its $1.1 billion Ethically Conscious Global Aggregate Bond Index Fund. However, the federal court found: "Approximately 74% of the securities in the Fund by market value were not researched or screened against applicable ESG (environmental, social, and governance) criteria."
Vidhya CK Sep 25, 2024
The core consumer price inflation (CPI), which removed volatile price movers, also fell from 3.7% in July to 3%.
Shreyashi Chakraborty Sep 25, 2024
Eurozone business activity declined for the first time in seven months in September, as France lost steam after the end of the Paris Olympic Games, a key survey said Monday.
AFP news Sep 24, 2024
Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.
AFP news Sep 24, 2024
Everton announced on Monday that the US-based Friedkin Group has reached an agreement to buy Farhad Moshiri's majority stake in the struggling Premier League club.
AFP news Sep 24, 2024
BGF had initially entered a trading halt on July 1 to restructure its funding arrangements. The halt was extended in August, citing ongoing discussions and the potential for a binding offer in early September.
Shreyashi Chakraborty Sep 24, 2024
Victorian Ambulance Union secretary Danny Hill said under the EBA, "This deal rewards longer serving ambos, it makes our elite MICA paramedics the highest paid in Australia, it rewards Community Officers for the time they contribute to their community, and most of all it will help our members finish their shift on time and get home to their families."
Vidhya CK Sep 24, 2024
Boeing proposed lifting hourly wages for striking workers by 30 percent on Monday, sweetening its initial offer in an effort to end a 10-day stoppage that shuttered Seattle-area plants.
AFP news Sep 24, 2024
"While headline inflation will decline for a time, underlying inflation is more indicative of inflation momentum, and it remains too high," the board said in a statement. "Policy will need to be sufficiently restrictive until the Board is confident that inflation is moving sustainably towards the target range."
Shreyashi Chakraborty Sep 24, 2024
The US Federal Reserve's decision to cut interest rates by half a percentage-point was "an appropriate and necessary first step," given progress on reducing inflation, a senior bank official said Monday.
AFP news Sep 23, 2024
European and Asian stock markets diverged Monday as investors digested weak eurozone economic data and an interest rate cut by China's central bank.
AFP news Sep 23, 2024
"The Reserve Bank should lower interest rates tomorrow and if they don't, the Treasurer should use his existing powers to bring down interest rates and relieve pressure on mortgage holders," Greens demanded.
Vidhya CK Sep 23, 2024
The ACCC also brought up allegations that the supermarkets, apart from the deceptive pricing practices, inflated prices on certain products, only to advertise them as "on sale" at a higher price than the original, affecting millions of units.
Shreyashi Chakraborty Sep 23, 2024
"The cost of living crisis has meant that Australians aren't turning up to the pubs, they don't have the disposable income they used to," Nationals Leader David Littleproud said on Sunday. "Then when you couple that with the six-monthly increase in excise, that's putting beer out of the reach of many Australians."
Shreyashi Chakraborty Sep 23, 2024
REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove.
AFP news Sep 23, 2024
Global stock markets diverged and the dollar was mixed against main rivals Friday following an equities rally triggered by a jumbo US interest rate cut this week.
AFP news Sep 20, 2024
UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget.
AFP news Sep 20, 2024
Beneficiaries will include those on the jobseeker payment, age pension, disability support pension, carer payment, family tax benefit, and commonwealth rent assistance.
Shreyashi Chakraborty Sep 20, 2024
Woolworths had announced its plan to invest NZ$400 million (AU$367 million) to rebrand nearly 200 stores over the next three years. However, the company's New Zealand profit had dropped by 57% to AU$108 million in the 12 months to June 30, compared to last year.
Vidhya CK Sep 20, 2024
Analysts at the Institute for Energy Economics and Financial Analysis (IEEFA) assessed the plan's potential fallout on local families, and found out that typical households could see electricity bills rise by an average of AU$665 per year to cover the cost of establishing the power plants.
Shreyashi Chakraborty Sep 20, 2024
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.
AFP news Sep 19, 2024
The new policy, aimed at encouraging more gas development, allowed producers to export up to 20% of their gas until 2030.
Shreyashi Chakraborty Sep 19, 2024
