Business

'You’d rather be here than almost anywhere else': The Australian economy is beginning its recovery, with Victoria set to lead the pack

Deloitte economists expect Australia's economy to rebound strongly in 2021. Australia will grow by 4.4% this year, with Victoria to be the standout performer, with its economy bouncing 5.3%, chief economist Chris Richardson said.


British meat industry warns of border chaos as delays halt exports

British meat industry warns of border chaos as delays halt exports


Ministers consider climbdown over ending universal credit boost

The Treasury is considering a partial climbdown over plans to end the boost to universal credit amid pressure from the work and pensions secretary, Thérèse Coffey, and after six Conservative MPs defied a call to abstain on a non-binding vote in the Commons. Boris Johnson also hinted at a rethink over the £20-a-week uplift, which is due to end in April, saying the government wanted to ensure “people don’t suffer as a result of the economic...


Indigenous man Noel Walker explains why Coon Cheese name change is so important

Saddened by the openly racist tone of the social media debate over the Coon Cheese name change, Indigenous man Noel Walker joins the discussion to explain his perspective and share his insight into the pain the brand has caused.


Major firms urge Japan to bolster 2030 renewables goal

Major firms including Sony, Panasonic and Nissan on Monday urged the Japanese government to make its 2030 renewable energy target twice as ambitious. Prime Minister Yoshihide Suga last year set a 2050 deadline for Japan to become carbon-neutral, but the country's shorter term renewables goal has long been criticised as lagging. Japan currently aims to source between 22 and 24 percent of its power from solar, wind and other renewables by 2030, a...


ASX drops 0.78pc as US stimulus vote looms

Shares have closed lower by 0.78 per cent to start the week on the ASX and investors will be hoping Joe Biden's US stimulus plan is approved soon.


Rio Tinto fourth quarter iron ore output rises on China demand recovery

Rio Tinto fourth quarter iron ore output rises on China demand recovery


Trump brand tarnished after bruising presidency and Capitol attack

Donald Trump shot to prominence with a business empire that bears his name, but after four years of political tumult capped by his supporters' violent attack on the Capitol, the US president's brand stands tarnished, threatening his businesses, experts say. This is a person who's synonymous with a mob attacking the US Capitol," he said.


Boris Johnson to chair first meeting of new 'business council'

Boris Johnson is expected to discuss the UK's current progress on the Covid-19 vaccine rollout and rebuilding the economy in the post-pandemic era.


Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps

Oil companies, aid groups plan to press Biden to allow Venezuela fuel swaps


Most Asia stocks down after gains, China growth beats forecasts

Most markets fell Monday as investors took a breather following a recent rally, though Hong Kong and Shanghai enjoyed gains after data showed China's economy grew more than expected last year. However, stocks in Hong Kong and Shanghai rose after official figures showed China's economy expanded a forecast-beating 2.3 percent last year.


How to improve your chances of getting a mortgage amid the pandemic

We provide some top tips for helping you to wade through the mortgage application minefield amid the pandemic


Brexiters are waking up to the damage they've done. Oh, the schadenfreude

Brexit has beached the fishing boats at Hastings. The two-man crew of Paul Joy’s boat Kaya have left for shore jobs, after the price of the huss they land fell to just 2p a kilo. Exports to the European Union are Brexit-blighted, with fishers across Britain poleaxed by new costs and regulations, their catches rotting before they reach EU markets. It’s costing them millions already. For the past two years Joy, a passionate Brexiter, has...


Dame Margaret Weston obituary

Dame Margaret Weston, who has died aged 94, was the first woman in the UK to run a national museum and a pioneer when it came to sharing cultural treasures with the entire country. While director of the Science Museum, from 1973 to 1986, she opened the National Railway Museum in York, the first national museum outside London, where today a miniature steam train used by visitors is named after her. She ignored the grumbles of her mostly male...


Northern Land Council opposes NT park entry fee plan, citing tourism impact

The chief executive of the Northern Land Council says during a global pandemic is not the time for the NT Government to introduce national park entry fees, with traditional owners and tourism operators already exposed to great uncertainty.


Calls for more help as international border stays closed due to COVID threat

With international borders likely to remain closed for much of 2021 Australia's tourism industry has demanded more financial support from the Government.


Morrisons unveils new food box which feeds family of 4 for £30

The boxes, available across the UK with free delivery, contain a mixture of cupboard staples and fresh produce to make five meals - coming in at £1.50 per portion.


Super Retail, JB Hi-Fi's H1 earnings boom

Retail groups which own the Supercheap Auto and JB Hi-Fi stores have reported booming first-half earnings, based on preliminary figures.


Concerts to kick-start Vic music industry

A concert series featuring Jimmy Barnes and Tones and I will be held across Victoria to help the music industry and communities recover from the pandemic.


Apple's Cook says Parler could return to App Store with reforms

Parler, the social network popular among conservatives, could return to Apple's App Store if it changes how it moderates posts on the platform, the tech giant's CEO Tim Cook said Sunday. Apple suspended all downloads of the Parler app following the attack on the US Capitol on January 6, citing postings on the platform that could incite further violence. Google and Amazon also cut ties with the company. Speaking to Fox News Sunday, Cook justified...


Figures point to strong rebound: Treasurer

Treasurer Josh Frydenberg says recent economic data and a new report from Deloitte Access Economics are all pointing to a strong economic recovery.


Small businesses win Covid insurance payouts after UK supreme court victory

Hundreds of thousands of small businesses that were forced to close during the Covid-19 pandemic are expected to receive payouts on insurance claims worth more than £1bn after what was described as a “historic victory” at the supreme court. The Financial Conduct Authority, which brought the test case, said it would now be working with insurers to ensure they “move quickly” to pay claims to businesses, some of which have been struggling to stay...


Sober lifestyle grows in popularity, with more Australians giving up alcohol

More Australians are turning away from alcohol, and some who have ditched the drink say non-alcoholic beverages make it more socially acceptable to be sober.


Yellen says U.S. must 'act big' on next coronavirus relief package

Yellen says U.S. must 'act big' on next coronavirus relief package


Software data shows freight groups avoiding UK, prices rising

Software data shows freight groups avoiding UK, prices rising


Branson's Virgin Orbit reaches space for first time

Richard Branson's Virgin Orbit project on Sunday successfully flew a rocket into space from the wing of a 747 plane.


Northern Territory national parks Litchfield and Nitmiluk to charge fees for tourists

The cash-strapped NT Government has confirmed park fees will be on the cards for interstate and international tourists, as one of its budget repair measures.


How stocks, gold, bitcoin and TIPS can hedge rising inflation

Diverse investments protect your portfolio but be aware of the risks and trade-offs.


SMALL CAP SHARE IDEAS: Scotgold

In the Grampians, on November 30, 2020, Scotgold Resources was able, in spite of all the coronavirus headwinds, to pour the first gold to come out of the Cononish mine in decades.


The top five things this leading economist thinks will happen in Australia 2021

Last year was a hell of a ride for, well, almost every industry. So what will 2021 bring? Here's how Australia's economy will play in 2021 according to one of our top economists.


Carl Icahn nixes charity bid to blow up Trump’s former Atlantic City casino

An auction house trying to raise money for a youth charity by soliciting bids to blow up a former casino once owned by President Donald Trump called off the effort Monday after receiving a cease-and-desist letter from conservative billionaire Carl Icahn.


Advocates urge for rise to JobSeeker rate

Australia's peak welfare group is urging the government to increase the long-term rate of JobSeeker by at least $25 per day to ensure people can afford basics.


Virus accelerates business online shift

The impact of the COVID-19 pandemic has seen more than half of small businesses accelerate their operations online, with some making the change in a day.


Economists expecting further job gains

The Australian Bureau of Statistics releases its weekly payrolls jobs report on Tuesday, providing a glimpse into the upcoming monthly labour force figures.


Is a bounceback on the cards for these UK funds and trusts?

Having been one of the most unloved regions in the world since the EU referendum in 2016, could fortunes finally be turning for the UK now that Brexit is done and Covid-19 vaccines have rolled out?


Open all hours: Around-the-clock vaccination sites to be piloted in England in COVID-19 drive

England is vaccinating around 140 people a minute.


Biden’s stimulus plan for schools leaves one question unanswered and why you need to wear a mask if you already had COVID-19

Monday's top personal finance stories


These copper-exposed stocks can surge in 2021 as tailwinds line up, Morgan Stanley says

Copper-exposed stocks could be set to surge in 2021 and a buying opportunity may be around the corner, Morgan Stanley analysts said on Monday.


Treasury minister downplays need for immediate tax rises

A Treasury minister has downplayed the need for immediate tax rises to tackle record levels of government borrowing caused by the coronavirus pandemic. Jesse Norman said a rapid economic recovery from the worst recession for more than three centuries could help ministers avoid increasing the tax take in response to record borrowing levels. Answering questions from the Commons Treasury committee amid mounting speculation that the March budget...


Centrica's finance boss steps down after just seven months in the job

Chief financial officer Johnathan Ford, who had joined Centrica in June, will leave the company at the end of the month and will be replaced by Kate Ringrose, the group's financial controller.


The Guardian view on Boris Johnson's plan: levelling down, not up

Today’s Conservative party is the opposite of what it pretends to be. Boris Johnson’s great crusade, he claimed, was to level up Britain. Coronavirus affects everyone, but not equally. Wealthier folk can shrug off the economic shock; the poor cannot. The best way to help those at the very bottom of society is to give them money directly. Whether it’s to feed hungry children or to ensure hundreds of thousands don’t slip into poverty by not...


Super fast 5G in the US still a work in progress

Marketing pitches in the US are bullish on superfast 5G telecom networks, but they remain more of a promise than reality. - 'Not sexy enough' - AT&T has taken to calling its enhanced 4G network "5G E" in a widely criticized marketing strategy.


Exclusive: Senator Gillibrand eyes extending Civil Rights Act protections to U.S. troops

Exclusive: Senator Gillibrand eyes extending Civil Rights Act protections to U.S. troops


High-tech British firms eye U.S. listings in blow to post-Brexit London stock market

Two high-tech British firms are considering listings in New York, in a blow to the London Stock Exchange at a time when the city’s post-Brexit role as a financial services hub is changing.


JB Hi-Fi’s online sales soared 161% which, together with Black Friday deals, more than made up for lockdown store closures

JB Hi-Fi Group reported stellar sales results for the first half of the 2021 financial year. In the company's preliminary, unaudited financial results, it reported $4.9 billion in sales, an increase of 23.7%.


Music publisher strikes right chord with Take That royalties purchase as shares rock 16%

One Media has bought the producer's rights to hits from two-time platinum album Take That & Party — including the famous track "A Million Love Songs."


Death of INXS manager Chris Murphy casts doubt on the future of Ballina museum

INXS manager Chris Murphy had plans to build an X-shaped museum in Ballina, but it's unclear what the industry giant's death will mean for the long-awaited project.


Begbies Traynor expands its presence abroad after buying CVR Global

Begbies said the deal would be 'immediately earnings-enhancing' and enable them to expand its market share in the business recovery and financial advisory specialism.


Approval of Australian military exports to Saudi Arabia and UAE condemned by human rights groups

Australia has approved at least 14 permits for the export of military goods to Saudi Arabia and United Arab Emirates over the last year and a half, despite their involvement in the Yemen conflict which has created a humanitarian crisis. Department of Defence has also revealed it has approved permits for $580,000 of military goods to Turkey since late 2019, even though the defence minister, Linda Reynolds, announced a “pause” of such exports at...


Outlook darkens for Wall Street as Biden's regulators take shape

Outlook darkens for Wall Street as Biden's regulators take shape