Business

Australia is the “worst place” to have a mortgage

Australia is the “worst place” to have a mortgage

As mortgage rates continue to rise around the world, and will likely continue to rise well into 2023, there is much analysis about how different nations might end up faring in this challenging environment of higher interest rates and high inflation. While different methods yield slightly different results depending on the approach taken, there are …

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A middle-aged Indian female in traditional garb has hands on hips as she smiles in front of coal mine

Foreign owners of failed Australian coal mine seek nearly $1 billion ‘incompetence tax’

The giant Indian bank behind a failed coal mine at the heart of Western Australia’s growing energy crisis is seeking nearly $1 billion to salvage its disastrous position. ICICI, India’s largest private bank, has injected about $1.1 billion into the Griffin coal mine, which went into receivership in September over nearly $1.5 billion in debt. …

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'Not what was advertised': The supermarket plastic bag recycling program began to fail in 2018

‘Not what was advertised’: The supermarket plastic bag recycling program began to fail in 2018

“What happened was not what was advertised to the public.” At the time, Coles and Woolworths were involved in nationwide collection programs at nearly 2000 stores that had created a massive inflow of plastic that REDcycle was committed to collecting and processing. Emails show that REDcycle senior operations managers struggled to stock materials at interstate …

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Six-month high ASX 200 November 2022

Market Jumps to 6-Month High After Strong Week – Weekly Review

WEEKLY MARKET REPORT The all-conquering Australian stock market ended the week yet again up 0.2%, capping four straight jumps to post a 1.5% gain for the week. That took the ASX 200 to 7259.50 points, which is a six-month high. It wasn’t a unanimous rise, with gains in nine of the 11 sectors overcoming declines …

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Australia signals to limit Chinese investment in critical minerals industry, not good for bilateral ties: experts

Australia signals to limit Chinese investment in critical minerals industry, not good for bilateral ties: experts

A rare earth mine in Baoshan, southwest China’s Yunnan Province Photo: VCG Australia is expected to become more selective about who it lets invest in its growing critical minerals industry. Experts said the move is aimed at cutting China out of its critical minerals sector, citing so-called national security concerns, and Australia’s attempt to join …

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Super discounts on kitchen and home appliances in the Black Friday sales

Amazon’s epic nine-day Black Friday sale has begun and the deals are here to save you time and money in the kitchen and around the house. From blenders and coffee machines to vacuum cleaners and air fryers to cheese graters, irons and salt and pepper mills, you will find the best deals here. But be …

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