Talking Business with Leon Gettler

Australia’s inflation comes in higher than expected at 3.6%. Service inflation is the main culprit holding back progress. Insurance premiums jumped by their most in 23 years, rents grew at their fastest annual pace face in 15 years, and education fees saw their largest quarterly rise in 12 years. You can forget about a rate cut this year!

Australia will cut the growth outlook for most major economies, including key trading partner China, when it releases its budget next month.

Free-to-air broadcasters are preparing for a furious lobbying effort to change proposed laws that put at risk one of their crucial sources of revenue, live sport, as new figures show young viewers have all but switched off their networks.

Major supermarkets are accused of confusing and potentially misleading consumers with promotional labels which do not always reflect genuine discounts as Australians continue to struggle with the rising cost of groceries.

The federal government’s eSafety commissioner won an emergency injunction in the Federal Court late Monday to force Elon Musk’s X to remove videos of last week’s Sydney terrorist attack after the billionaire mocked earlier take-down demands.

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