Economy

Retail Sales and Inflation figures give hope for rate cut.

The inflation figures release yesterday showed some progress in stemming the stubbornly high numbers over the last year. Figures on Retail Sales and International Trade have also been released today which could provide some relief for the Government who is desperate to get some good economic news ahead of the upcoming federal election. Image: Image: …

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“24 hour” Sydney’s round-the-clock obstacles

The NSW Labor Party has proposed a “24-hour city” initiative for Sydney. They would allow select venues to operate all day to reignite the night life. It’s vision is to stimulate the local economy, enhance global appeal and have train services more available at night. There’s been residents opposing the implementation, police citing noise concerns …

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New report: Australia’s social cohesion stable amid rising costs

In the Scanlan Institute report released today shows Australia’s social cohesion is stable, however under pressure from rising living costs. Report author Dr James O’Donelle about the findings. Produced By: Moemina Shukur Featured In Story: Dr James O’Donelle – Report author First aired on The Wire, Tuesday 19 November 2024

Student’s take on federal cap of 2025 international student intake

International students and university staff are raising concerns about the federal government’s decision to cap the number of international students at 270,000 starting next year, fearing it may jeopardise the future of Australia’s tertiary education system. The cap, which will apply to the 2025 academic year, represents a reduction of 53,000 students compared to last …

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Regional Australians turn to financial support amid cost of living

Low-income earners in regional Australia are increasingly turning for help to pay for basics amid the worsening cost of living crisis. Welfare agencies that provide No Interest Loans are turning people away amid unprecedented calls for help. The scheme allows people to borrow up to two thousand dollars for essential items or housing related expenses, …

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Argentine President gets little change from currency swap

Argentina’s Libertarian President, Javier Milei, is close to replacing the Peso with the US Greenback. Calling the Argentine Peso a ‘museum piece,’ Milei believes hard economic shock therapy and adopting the US dollar will calm one of the most volatile economies in the world. The government’s plan to adopt the dollar, privatize key industries and …

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Construction sector collapse brings economic uncertainty

Designer Projects Victoria is the latest construction in what is an ongoing series of company liquidations across Australia. This has raised questions over the construction sector and how it could negatively impact the economy. Abhranil Hazra speaks with Professor Peter Swan who teaches Finance in UNSW Business School to find out why so many companies …

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