Rising costs, fuel prices and bushfire-related closures are pushing regional Victoria’s small businesses to the brink, with owners saying they are struggling to stay open. The Reserve Bank raised interest rates by 0.25 percent on March 17, adding to the pressure on already struggling businesses. Since then, some workers say fewer people are going out … Read more
Ford pickups at California dealerships. Automakers eyeing US demand since war breaks out in Middle East (JUSTIN SULLIVAN) ยท JUSTIN SULLIVAN/GETTY IMAGES North AMERICA/Getty Images via AFP Automakers are expected to report weaker first-quarter sales in the U.S. as war in the Middle East clouded the industry’s outlook compared to last year’s extraordinary strength. The … Read more
Motorists will pay up to 26.3 cents on every liter of fuel they buy for three months, but some economists warn it could ultimately leave Australians worse off. Treasurer Jim Chalmers today marked the government’s decision to temporarily cut fuel tax to ease the cost of living, predicting it will reduce the cost of a … Read more
(Bloomberg) — U.S. employment likely rose in March after one of the biggest contractions in wages since the pandemic, extending a series of erratic numbers. Economists estimate 60,000 jobs were added in the month following a decline of 92,000, according to a Bloomberg poll ahead of Friday’s report. The unemployment rate appears stable at 4.4%. … Read more