Australia has been warned that further aggressive interest rate increases may be needed to contain inflation, potentially leading to negative implications for the economy more generally. In its latest Economic Outlook, the Organisation for Economic Cooperation and Development says it expects the Reserve Bank of Australia’s...
Five ‘Must Dos’ for Employees Who Want to Become Business Owners Are you ready to make the jump from employee to business owner? While starting your own business can seem daunting, there are lots of things you can do to improve your chances of success. Having an experienced...
Australian agriculture is expected to deliver an eye watering $80.4 billion of produce in the next year, the second biggest amount on record, while exports are forecast to be the highest ever. It comes despite producers continuing to face challenges over workforce shortages and inflated input...
A major business group fears the economy could be entering a “death spiral” of rising wages growth, inflation and interest rates following the Reserve Bank of Australia’s biggest cash rate hike in more than 20 years. Lifting the cash rate by 50 basis points to 0.85...
Coal-fired power stations need to come back online to help ease the nation’s energy crisis, Resources Minister Madeleine King says. Amid soaring gas prices due to supply issues, Ms King says an immediate step would be for power station operators “to get moving on fixing their...
The treasurer has written to Australia’s consumer watchdog to express his concerns about the impact spiking electricity and gas prices are having on households and businesses. Jim Chalmers asked the Australian Competition and Consumer Commission to advise the government on any regulatory changes required to ensure...