‘Worse than COVID’: How local shops are feeling the economic downturn

A woman sitting on a bench outside holding a mug.

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

A food scare is inevitable because of the Iran war – and it could get worse

A food scare is inevitable because of the Iran war - and it could get worse

Food prices are expected to rise later this year dpa picture alliance/Alamy World food prices have reached their highest levels since the energy crisis of the 1970s, caused by conflicts in the Middle East, once inflation has been adjusted. Could we be headed for a new record – the worst food crisis ever – as … Read more

“Worse Than the 1970s”

"Worse Than the 1970s"

It seems that Donald Trump has succeeded in overcoming the bad management of his first term of COVID-19 with the great economic crisis and the incredible scale, which he has done. In a recent interview, the Head of the International Energy Agency (IEA) Fatih Birol said that the current energy crisis is about to become … Read more