“Peaked”: Employees were told not to expect significant wage growth
The Reserve Bank has more bad news for Australians, warning workers that the labor market will tighten and wage growth will slow.
growth
Angus Taylor says given Australia's inflation battle and slow growth, no further stimulus is the solution
Pumping more stimulus into the economy is “the wrong answer” to Australia's problems with slow growth and falling living standards, Shadow Treasurer Angus Taylor said.
OECD forecasts Australia’s GDP growth of 1.8 percent in 2025
According to the OECD, the global economy is turning the corner in terms of inflation and offers an optimistic forecast for Australia's outlook for 2025.
Wall Street gains after strong US growth data
Wall Street's major indexes rose as investors were relieved after data showed the U.S. economy remained robust, while Nvidia slipped as its largely on-track forecast failed to beat high expectations for the AI chip maker. According to a Commerce Department report, the U.S. economy grew faster than previously estimated amid strong consumer spending.
Deloitte reports stagnating private sector employment growth in Australia
The Australian economy is experiencing its lowest growth since a severe recession in the early 1990s. This is particularly bad news for employees.
Mader Group: Forecast of lower growth damages share price of mining vehicle maintenance group
Investors have sharply rejected the fast-growing Mader Group and see another strong jump in profits as a rejection of forecasts for slower growth. Shares in the mining vehicle maintenance company fell as much as 17 percent on Tuesday, even though Mader again met his forecast with an increase in annual profit by almost a third … Read more
Readership numbers of The West Australian and The Sunday Times are growing rapidly, with market-leading readership growth in the last quarter
Readership numbers for The West Australian and The Sunday Times are growing rapidly, with both newspapers recording notable, market-leading increases in readership over the last quarter. Readership of the weekday edition of the West Australian grew by 10.5 per cent in the June quarter, while the Saturday edition grew by 11.5 per cent. Over the … Read more
Medtech Cochlear forecasts profit growth of up to $430 million for this fiscal year
Medical technology group Cochlear expects profits to rise by up to 11 percent this year as demand for cochlear and acoustic implants continues to grow. Cochlear said it aims to help more than 50,000 people hear with a cochlear and acoustic implant in the current fiscal year. The company expects underlying net income to be … Read more
Biotech giant CSL crashes despite 20 percent profit growth driven by core immunoglobulin business
CSL forecasts double-digit earnings growth this year, supported by its key immunoglobulin business. However, the biotech giant warned that sales growth would be rather low given the difficult market conditions for its vaccines.
Sue Leonard, new CEO of Halls Creek, wants to restore confidence and drive economic growth
After three CEOs in five years and two corruption investigations, taking over the top job in Halls Creek County should give anyone pause – even with a salary of $246,300. But not Sue Leonard. Nine weeks after taking office as CEO of the District of Halls Creek, Ms Leonard said she was determined to improve … Read more