@a1studmuffin
@aussie.zonehttps://www.sbs.com.au/news/article/the-hidden-problem-banks-are-moving-to-tackle/8whjlazli
Two major Australian banks have moved to strengthen their ability to act against financial abusers.
https://www.theguardian.com/australia-news/2023/jul/02/rba-should-pause-rate-rises-as-deflationary-shock-sweeps-global-economy-former-board-member-says
Warwick McKibbin says Australia’s central bank has been slow to react as supply pressures from Covid and war in Ukraine abate
https://www.abc.net.au/news/2023-07-01/anthony-albanese-responds-to-budget-surplus-cost-of-living/102550836
Prime Minister Anthony Albanese believes Australians will welcome the news of a larger than expected budget surplus even as their own budgets continue to take a battering.
https://www.abc.net.au/news/2023-06-27/china-economy-struggles-youth-unemployment-consumer-confidence/102522772
Australia is relying on its largest trading partner to bounce back, but China's youth unemployment figures and low consumer confidence are slowing down much-needed growth, suggesting a full recovery will take some time.
https://www.smh.com.au/business/companies/pwc-australia-appoints-new-ceo-offloads-government-business-20230625-p5dj9d.html
PwC has appointed one of its most senior global executives to take control of its Australian firm and has confirmed the sale of its government business to private equity group Allegro Funds for $1.
https://www.abc.net.au/news/2023-06-23/insolvency-data-small-business-closures-rate-rises/102496432
Australia may not be hearing the full story about the impact of rising interest rates on small businesses, as a "perfect storm" of pressures contributes to a gloomy outlook.
https://www.abc.net.au/news/2023-06-21/car-giant-ford-set-to-cut-400-jobs-geelong-victoria/102507662
Ford's planned job cuts will amount to about 22 per cent of its workforce in Australia, with the majority impacting Geelong workers in product development and design roles.
https://www.theguardian.com/business/2023/jun/21/pwc-tax-scandal-firm-engaged-in-a-calculated-breach-of-trust-senate-committee-finds
Consulting firm used confidential government information to help private clients avoid tax, interim report tabled in parliament finds
https://www.abc.net.au/news/2023-06-20/profits-high-inflation-interest-rates-recession/102501638
The stock market is a few percentage points away from an all-time high because some of Australia's biggest corporations are making record profits. But Australian households are under pressure, writes David Taylor.
https://www.news.com.au/finance/money/tax/bizarre-items-aussies-try-to-claim-in-tax-return-as-ato-deduction-rules-revealed/news-story/89cff67e4c26429ecedc53a15f010f89