Consumer division clouds economic outlook
The emergence of two types of Australian consumers threatens the ability of businesses to predict the outlook for inflation, interest rates and retail demand, says S&P Global.
Matt Bell
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Nation’s top CEOs shun climate for economic troubles
Australia’s top CEOs are turning from climate change to focus on navigating the country’s economic slowdown and other issues likely to arise in the next year.
CFMEU ‘power vacuum’ could send construction costs soaring
Those calling for the CFMEU to be wound up have been told to be careful what they wished for, with one expert saying it could create a power vacuum and drive construction costs up further.
Net zero path a ‘slower burner’ in Australia: Rio Tinto
One of the nation’s largest producers of ore says the technology to create so-called ‘green steel’ is not yet available on a commercial scale in Australia or Asia.
Michael Hill loses some sparkle
Trans-Tasman jewellery retailer Michael Hill International has swung to an annual loss on the back of tough trading conditions.
MySuper funds pass APRA test as industry calls for reform
Backers of 37 trustee-directed products will write to their members after failing to pass APRA’s Your Future, Your Super performance test, as industry calls for it to be broadened.
Retail recession a ‘horror show’ for Australian businesses
A retail recession in Australia shows no sign of ending until the RBA offers struggling households mortgage relief, as a growing number of businesses shut up shop.
HSBC says tough luck after Aussie fleeced abroad
When a Melbourne financier’s phone was stolen out of his hand in London it led to him losing $44k and being told he was to blame as he chased his bank for answers — and a refund.
Ainsworth to roll out more casino games as competition heats up
The poker machine maker will launch several new games in the coming months as it look for new ways to increase revenue amid strong competition in Australia and struggles in Argentina.
Lovisa boss takes $15m hit as fashion firm sales slow
Victor Herrero, the chief of costume jewellery chain Lovisa and one of Australia’s highest-paid CEOs has taken a $15m hit to his remuneration in the current financial year thanks to softer results.
Original URL: https://www.theaustralian.com.au/author/matt-bell/page/15