Turning the economic tide: could a radical monetary theory fix Australia’s woes?

Bill Mitchell, the leading Australian proponent of modern monetary theory, argues that governments should abandon their obsession with budget surplusesAnother week and another glut of evidence that the Australian economy is flatlining. Growth figures s…

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Boeing 737 Max jets could fly again by January with safety checks under way

World’s biggest planemaker hopes aviation authorities will soon approve plane’s flight control softwareBoeing said on Monday it could have its fleet of 737 Max jets flying again by January as safety checks on the aircraft’s troubled flight software rea…

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Australian GDP figures: economic fundamentals are strong says Frydenberg – business live

After data shows the economy growing at its slowest rate since 2009, the treasurer says Australia is ‘resilient’. Follow all the reaction and developments live 6.47am BST For an in-depth examination of the GDP numbers, look no further than this column…

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RBA interest rate decision: Reserve Bank keeps Australian cash rate on hold – business live

Sales fell 0.1% in July, pointing to weaker GDP numbers tomorrow. Follow here for all the developments after Australian interest rates kept on hold 6.04am BST Back in Australia the judgments on Governor Lowe and his fellow board members are rolling in….

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US and China begin imposing new tariffs as trade war escalates

Chinese exports worth $125bn will face new taxes from 1 September, while China places levy on oil as agreement becomes more distant China and the United States have begun imposing additional tariffs on each other’s goods in the latest escalation of the…

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World stocks rally as Trump steps up pressure on Fed to cut rates

President tweets demand for 1% reduction and more QE as markets look to central banks to bolster global economyStock markets have been boosted by the growing prospect of more stimulus measures by central banks and governments across the world as Donald…

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