Treasurer Jim Chalmers has brushed off suggestions there would be “awkward” tension between himself and outgoing RBA governor Philip Lowe on an upcoming overseas trip. Source
Economy
Australia “won’t sell out” its farmers in exchange for a sub-par free trade agreement with the European Union, Agriculture Minister Murray Watt says. Source
In news set to further break the hearts of mortgage holders across the country, the world’s central bank is urging more interest rate hikes, arguing the world economy is at a crucial point as countries struggle to rein in inflation. Source
If you thought Australia’s interest rates were bad, wait until you see what’s happening in Turkey. Source
The stock market of one of Australia’s closest neighbours is in trouble, with a huge tech company on the brink of collapse as its value plunges by more than 99 per cent. Source
As countries like Australia across the globe battle stubbornly high inflation, undoubtedly, the rise has been far less dramatic in some countries. Source
A leading tech entrepreneur has issued a dire economic warning predicting Australia is on the verge of a financial meltdown on a similar scale to the Global Financial Crisis that hit America in 2008. Source
New Zealand’s agriculture-driven economy has fallen into recession, according to official data released Thursday, with a damaging cyclone fuelling a widespread downturn just months before national elections. Source
The Trade and Tourism Minister will fight for the right of Australian producers to use names such as prosecco and feta for food products. Source
The US banking crisis is far from over, with more banks slated to collapse in coming months as the global economic outlook worsens. Source
The world is watching anxiously as a major decision looms on the US debt ceiling — as Republicans and Democrats work into the night to try and strike a deal. Source
Time is running out for the US to resolve its debt crisis, with the nation now set to run out of cash within days. Source
Three red flags indicate the global economy is in even worse shape than expected, leaving Australia well and truly exposed. Source
Central banks worldwide are grappling with the challenge of curbing inflation, but there’s one nation that is facing a particularly severe crisis in what is now being dubbed the post-Covid economy. Source
Experts are growing increasingly frantic amid fears America could default for the first time ever – which would send major shockwaves across the globe. Source
As America lurches towards an unprecedented default, attention is turning to the “economic calamity” it would trigger across the globe. Source
The US is now just three weeks away from an economic disaster that would spark chaos across the world. Source
