OPINION: As Australia emerges from lockdown, it is rapidly becoming apparent there aren’t enough workers to power the country’s post-Covid recovery. Restaurants around the country are cutting back opening hours and putting up prices to cover the higher wages they
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RPT-ANALYSIS-Bond traders testing Australia's cenbank over rate hike timing
(Repeats story published late on Friday with no changes to text) * Market pricing wildly at odds with RBA rhetoric * Traders see hikes in 2022; RBA no sooner than 2024 * RBA intervenes in bond mkt, but doubts remain
Australia and UK governments at odds over why key climate targets were stripped out of future trade deal
Australia and the United Kingdom were today at odds over why key climate targets were stripped out of the trade deal being negotiated between the two countries. Scott Morrison, the Australian prime minister, confirmed the story reported by Sky News
Your Monday Briefing
U.S. steps up efforts to evacuate Afghans. By Amelia Nierenberg Good morning. We’re covering the latest on the U.S. effort to evacuate Afghans in Kabul, the extended lockdown in Australia and America’s fast-growing Asian population. U.S. orders airlines to help
Australia's CPI spikes to highest since 2008 on Covid jolt
(BLOOMBERG) – Australia’s inflation surged last quarter, joining developed-world counterparts in spiking from 2020’s lockdown-induced weakness, though a renewed Covid outbreak is set to damp pressures ahead. Inflation accelerated to 3.8 per cent in the three months through June from
Australia's Crown says Perth casino inquiry timeline extended to March 2022
BENGALURU (REUTERS) – Casino operator Crown Resorts on Monday said Western Australia state had extended the time given to a Royal Commission probing operations at its Perth casino to March 2022. The move comes after Victoria state last month said
Katie Hopkins: Australia orders far-right British commentator to be deported after appalling behaviour while in quarantine
Katie Hopkins is going to be deported from Australia after her “appalling” behaviour while quarantining in a hotel. The far-right commentator had travelled Down Under to appear on Big Brother VIP, and caused controversy by boasting about flouting the country’s
Sydney Airport gets $22.3 billion takeover bid
SYDNEY (BLOOMBERG) – Sydney Airport received a A$22.3 billion (S$22.3 billion) takeover offer from a group including IFM Investors, in one of the boldest bets since the pandemic on a recovery of global travel. The consortium offered A$8.25 a share,
Jarryd Hayne: Former Australian rugby league player jailed for sexual assault
Former Australian rugby league player Jarryd Hayne has been jailed for five years and nine months for sexual assault. In March, a jury found 33-year-old Hayne guilty of attacking a 26-year-old woman in her home in 2018. He will have
Australia gets a $156 billion pension merger as new laws spur consolidation
SYDNEY (Reuters) – Australian pension funds QSuper and Sunsuper said on Monday they would merge, forming the country’s largest single manager of retirement savings as regulatory pressure drives consolidation in the industry. The funds, which are both based in the