Tag #Australian Economy

Showing 1 to 12 of 82 results

theguardian.com
🌐 85% Global Worthiness
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Australian Workers' Share of National Income Rises

Post-pandemic labor market tightness has increased Australian workers' share of national income by more than 2 percentage points, resulting in an extra $28 billion in workers' pockets over the past year.

Progress

16% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 85% Global Worthiness
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Australia's Intergenerational Inequity: A Looming Crisis

Treasurer Jim Chalmers highlights the urgent need to address intergenerational inequity in Australia, exacerbated by tax policies, inadequate public services, and wealth distribution favoring retirees and property owners.

Progress

28% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Companies Reveal Growth Strategies Amidst Economic Uncertainty

During Australia's August earnings reporting season, companies like Temple & Webster (online furniture), Treasury Wine Estates (Penfolds), A2 Milk (adult milk powder), Retail Food Group (Beefy's, Firehouse Subs), Universal Store (youth fashion), and Ingham's (poultry) revealed growth strategies focu...

Progress

36% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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CSL Stock Plunges 15%, Exceeding Qantas's Market Value

CSL, an Australian biopharmaceutical giant, saw its market value plummet by 15 percent on Tuesday, exceeding Qantas's total value, due to US trade tensions, internal restructuring, and declining vaccination rates in the US.

Progress

40% Bias Score

Good Health and Well-being
theguardian.com
🌐 85% Global Worthiness
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Australia's Economic Summits: Then and Now

Bob Hawke's 1983 economic summit, initially viewed skeptically, fostered unprecedented national consensus and economic transformation in Australia, setting a model for the current summit addressing contemporary challenges.

Progress

60% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Australia's High Debt Spurs Interest Rate Cuts, But Deeper Economic Reform Needed

Australia's household debt is 112% of its GDP, prompting the Reserve Bank to cut interest rates for the third time this year. However, the focus should shift from interest rate obsession to addressing long-term issues of declining productivity and the need for economic reform.

Progress

40% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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Australian Economy Shows Signs of Recovery Driven by Increased Household Spending

Australia's GDP grew by 0.6 percent in the June quarter, driven primarily by a near 1 percent increase in household consumption spending, indicating a shift from post-pandemic saving habits.

Progress

16% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australian Government Considers Corporate Tax Changes to Boost Investment

Australia's Treasurer Jim Chalmers indicated potential changes to corporate tax rates to encourage investment, contingent on affordability, following discussions at a recent economic summit exploring various tax reform proposals including a 5% cashflow tax on large businesses to fund lower taxes for...

Progress

36% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Australian Economic Summit Yields 10 Reform Directions, Tax Reform Push

After a 29-hour summit involving unions, businesses, and experts, Australian Treasurer Jim Chalmers announced 10 reform directions and potential quick wins to address economic challenges, including tax reform to improve intergenerational equity.

Progress

52% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australian Businesses Prioritize Profit Over Productivity in Reform Push

Australian business lobby groups are pushing for "productivity reforms," but their primary goal is to increase profits through tax cuts, weakened industrial relations, and deregulation, potentially neglecting broader economic efficiency.

Progress

48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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RBA Cuts Rates Amidst Concerns Over Declining Productivity

The Reserve Bank of Australia (RBA) cut interest rates, offering relief to homebuyers and businesses, but simultaneously downgraded its long-term productivity growth forecast to 0.7 percent, citing regulatory burdens and labor availability as key obstacles.

Progress

52% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 85% Global Worthiness
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CBA's $10.3 Billion Profit: Overvalued Stock Faces Scrutiny

Commonwealth Bank of Australia (CBA) is projected to announce a $10.3 billion profit this week, significantly exceeding last year's $9.8 billion, despite analysts widely deeming its 37% share price surge overvalued; the bank comprises 12% of the ASX 200.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 82 results