Talking Business with Leon Gettler

 Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago

World Bank and IMF cut their global growth forecast citing the war in Ukraine. World Bank cuts growth estimate by 90 basis points to 3.2% while IMF cuts the global forecast by 80 basis points to 3.6%.

Market economists strengthen expectations the Reserve Bank of Australia will hike its cash rate in June with the RBA saying it is close to raising interest rates as core inflation has gone above the bank’s 2-3% target range in the last quarter.

Thousands of aged care workers across Australia have voted to take "unprecedented strike action" leading up to the federal election

Australia’s major food and grocery manufacturers say they are facing increases in costs of up to 700% since the pandemic began, and have warned some of that will flow through to the price shoppers pay at the checkout.

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