RBA Governor Philip Lowe announced the interest rates would be raised another 25 basis points to 4.1 per cent on Tuesday, the 12th rate hike since May 2022.“ is not the end of it, this is start of the second round,” the Herald Sun columnist declared.
“We’ve now got a direct, head-to-head conflict between what’s developing on the wages front and what is likely to happen with interest rates going forward”, he told Steve Price on Sky News Australia’s The Bolt Report. The Herald Sun commentator said the consequences of the COVID-19 pandemic where huge spending occurred and the RBA cut rates to zero is largely responsible for the current situation.
“If we have inflation at 8 per cent, wages at 7 or 8 per cent, we’re locking in the sort of destructive insanity that we’ve seen in the past. And it will mean very high interest rates, it will mean job losses – it will mean real destruction, business collapses."
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Brooks Brothers is back in a remarkable business turnaroundFrom rock bottom in 2020 to worth nearly $US1 billion in 2023, the American fashion retailer owes its revival to one man: chief executive Ken Ohashi.
منبع: FinancialReview - 🏆 2. / 90 ادامه مطلب »
Business groups mount campaign against 'same job, same pay' workplace reformsSome of Australia's largest employers and small business owners have united to rally against proposed laws that would require labour hire workers doing the same job at the same site to be paid the same as directly employed workers.
منبع: abcnews - 🏆 5. / 83 ادامه مطلب »
Business groups slam 'same job, same pay' law reforms | 7NEWSAustralian business groups have joined forces in what is being described as the biggest industry push against government since the mining tax. They want new workplace laws dropped but unions claim they are just running a scare campaign. auspol 7NEWS
منبع: 7NewsMelbourne - 🏆 18. / 59 ادامه مطلب »
Top business leaders warn electricity prices will take years to fallTop business leaders have warned electricity prices will take years to return to pre-pandemic levels. Experts warn clean energy projects are not progressing, with coal still generating about two-thirds of the country’s electricity. They say Labor’s pledge to triple the amount of renewable energy by 2030 is at risk due to the lack of green power. Failure to build replacement energy supplies may force the government to renegotiate its promise to slash $275 from household bills by 2025.
منبع: SkyNewsAust - 🏆 7. / 78 ادامه مطلب »
'Strangest debate': Burke says business launched campaign against laws government is not proposingMining, construction and farming and other business groups have mounted a campaign over changes the Employment Minister Tony Burke says the government is not proposing to make.
منبع: abcnews - 🏆 5. / 83 ادامه مطلب »