Business

Shadow Board flags interest rate rise

2 weeks ago

For the first time since November 2020, the RBA Shadow Board at The Australian National University (ANU) has voted in favour of a rise in interest rates.The Shadow Board's conviction to keep the official cash rate at a historic...

Up and up: What does an interest rate rise mean for Australia?

2 weeks ago

Up and up: What does an interest rate rise mean for Australia?UNSW Business School Professor Peter Swan explains what a rate hike would mean for borrowers and the Australian economyWith interest rates tipped to rise on Tuesday, what does...

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor'

2 weeks ago

Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a "gambling parlor."Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets...

Markets tank over new questions about where the economy is heading

2 weeks ago

The next few weeks could determine which economic forces prevail and shape the fortunes of households and businesses heading into the midterm elections.Yet, the economy unexpectedly contracted in the first quarter, led by trade deficits and a drop in...

Elon Musk's Twitter takeover isn't quite a done deal: what happens now

3 weeks ago

To complete his deal, Elon Musk now needs the nod from a majority of Twitter’s shareholders and US corporate regulators.Elon Musk’s US$44 billion offer to buy Twitter and turn the social media platform into a private company is almost...

Airlines Substitute Buses for Planes as Pilot Shortage Persists

3 weeks ago

“The pilot shortage for the industry is real and most airlines are simply not going to be able to realize their capacity plans because there simply aren’t enough pilots, at least not for the next five-plus years,” Scott Kirby, chief...

Elon Musk likens Bill Gates to controversial pregnant man emoji in scathing tweet

3 weeks ago

Tesla founder Elon Musk dissed Bill Gates' gut on Twitter today, posting a photo of the Microsoft mogul alongside Apple's controversial pregnant man emoji 'in case you need to kill a boner.'Gates has also previously made comments about electric...

Remote working is a ‘mixed bag’ for employee wellbeing and productivity, study finds

3 weeks ago

The shift to remote working for many office-based workers at the start of the pandemic initially led to an increase in productivity, especially by reducing commute times, but a new large-scale study has outlined the many ways in which remote...

How safe is our money?

1 month ago

“People have been prepared to spend more money on computers and TVs, but these are mainly one-off effects that we would expect to normalise over the medium term,” says Sturm.In normal circumstances, this would indicate that the currently high...

Economic sanctions in Russia risk breaking international law if they lead to global food shortages

1 month ago

Although war often causes food insecurity to belligerent states, Russia is an important player in the global food chain.It is the world´s largest exporter of oil to global energy markets, and a big player in the global food chain...

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