Wesfarmers leaders say lockdown impacts are mounting on staff and the company will pay a “material” cost to compensate thousands unable to work due to COVID-19.
The Bunnings and Officeworks operator vowed to keep paying wages to workers sidelined by...
Consumer advocates have accused the big banks of cutting corners in their response to the banking royal commission, arguing “systemic and cultural problems” still affect the scandal-plagued sector.
In an extensive and scathing joint submission published on Wednesday, 15 consumer...
Nine Entertainment has swung to a $184 million annual profit after lifting advertising earnings across its major businesses.
The media giant reported revenue for the 12 months to June 30 lifted 8 per cent to $2.34 billion.
Nine, which operates the...
GameStop Corp. investors had their best day in five months on Tuesday despite no news released, as the video game retailer appears to have renewed its status as a meme stock. The stock soared 27.5% on the day, the...
Australia’s top economists are reluctant to endorse the use of either cash incentives or lotteries to boost vaccination rates.
A survey of 60 leading Australian economists selected by the Economic Society of Australia has instead overwhelmingly endorsed a national advertising...
Existing-home sales rose 2% in July from the month prior, the National Association of Realtors reported Monday. Sales occurred at a seasonally-adjusted annual rate of 5.99 million. Compared to July 2020, sales were up 1.5%. The total inventory of...
The Morrison government is pumping billions of dollars less into the economy during the current wave of COVID-19 outbreaks than it did during the first and second waves last year, new analysis shows.
As the Delta variant surges in New...
Great news regarding average weekly earnings were published by the Australian Bureau of Statistics this week.
The average weekly earnings for adults working full-time rose to an all-time high of $1844. That’s 26 bucks more than last year. An extra...
Workers won’t enjoy an economic snap-back when lockdowns ease as economists brace for tens of thousands of job losses in coming months.
As New South Wales reported 642 COVID cases on Friday, fears consumers will be hesitant to go shopping...
Industry research company Macromonitor has a dire warning for tradies enjoying the housing construction boom – the bust starts next financial year.
But the good news for the economy overall is that a record surge in transport infrastructure spending will...
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