BUSINESS

Ambulance Victoria Strikes Deal With Paramedics For 17% To 33% Pay Hike

Representational image. Ambulance
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."
Reserve Bank of Australia chief Philip Lowe said the coronavirus is having a 'significant'effect' on the country's economy

RBA Holds Interest Rates At 4.35%, Defying Global Rate Cuts

"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."
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After Abu Dhabi allowed beer brewing in 2021, Chad McGehee co-founded Craft, which offers between eight and 14 beers at a time, many of them rich in local flavours

David Littleproud Advocates For Beer Tax Reforms Amid Cost-Of-Living Crisis

"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
British Prime Minister Keir Starmer has warned that his government's budget announcement will be 'painful'

UK Economic Data Delivers Fresh Blow To New Govt

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
Grocery Supermarket

Woolworths Advised To Sell Big W And Halt NZ Expansion To Boost Sales

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
Bank of England policymakers voted 8-1 for no rate change, having narrowly backed an August cut

Bank Of England Freezes Rate After Jumbo US Cut

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
Tupperware has been hit by dwindling sales in recent years

End Of The Party? Tupperware Files For Bankruptcy

Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales.
AFP news Sep 18, 2024
Office work

Tabcorp Mandates Full Return To Office In Major Workforce Reset

Gillon McLachlan, Tabcorp's chief executive, relayed the decision to employees via a memo, confirming that the betting giant's 1500 staff in Sydney, Melbourne, and Brisbane must return to office, effective immediately.
Shreyashi Chakraborty Sep 18, 2024
Traders are growing increasingly worried about China's economy following another weak reading on retail sales as officials struggle to boost consumer activity

Stock Markets Waver Before Fed Decision

US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve's first interest-rate cut since 2020.
AFP news Sep 17, 2024
Focus is on the Federal Reserve and its meeting next week, when it is expected to cut rates for the first time since the start of the pandemic

Most Markets Rise As Traders Gear Up For Fed Rate Cut

Asian markets mostly rose Friday while the yen sat around nine-month highs and gold hit a record after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.
AFP news Sep 13, 2024
ECB interest rates since 1999

With Inflation Slowing, ECB To Cut Rates Again

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves.
AFP news Sep 12, 2024

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