The RBA keeps rates on hold but says the board isn’t “ruling anything in or out” on interest rates.
A new report forecasts housing supply to fall off a cliff over the next two years putting the Australian government further behind its ambitious housing targets.
Uber will pay over $272 million to Australian taxi drivers to compensate them for lost income because it entered the Australian market.
Australia’s second biggest telco, Optus, could be partially offloaded to the Canadian private equity titan in a blockbuster deal valuing the company at $16bn. It will be the biggest foreign investor to foreign investor sale in Australian history.
Corporate Australia risks heightening Australia’s skill shortage as a chunk of large businesses look to slash learning and development budgets this year to combat a deterioration in the economy.
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