The no-growth future: has Australia’s economy finally run out of luck?

The expectation, based on the past, that we should get richer and richer may have reached its use-by dateWages are stagnant. Wealth is falling. House prices are down. Consumers aren’t spending. Businesses aren’t investing. Interest rates are at record …

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Branding cheese as feta and gruyere may be banned in Australia under EU deal

The trade minister, Simon Birmingham, has released a list of food products the EU wants protected as ‘geographical indicators’Australia is gearing up for a fight with the European Union over the naming of hundreds of products including feta, gruyere an…

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‘This is new territory’: Australia’s powerful Crown casino faces scrutiny like never before

Crown Resorts takes extraordinary steps to deny crime link claims, but faces five separate inquiries and calls for a royal commissionIt is an action of last resort when handling an extreme corporate public relations crisis: if your world is exploding a…

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Australia’s ASX200 stock market nudges all-time high as bad news means good news for investors

Shares surge despite weak overall growth in ‘potentially dangerous’ situationA lot has changed since November 2007. Back then, John Howard was still prime minister, you could buy a nice house in Sydney for less than $500,000 and no one had ever heard o…

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Reserve Bank interest rates: RBA cuts rates to historic low of 1.25% – live

The Reserve Bank has reduced the cash rate from 1.5% to 1.25% as expected. Follow the reaction live 7.32am BST NAB has also cut is rate by 0.25% 7.20am BST That’s about it for the blog. Thanks for reading on this momentous afternoon. Mortgage holders …

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