The US Federal Reserve has announced the most aggressive interest rate increase in nearly 30 years, and said it is prepared to do so again next month in an all-out battle to drive down surging inflation.
A Sydney-based tech company that developed world-first technology to track shopping trolley movements and unlock them with a QR code is expanding into Asian markets to help retailers save hundreds of thousands of dollars.
The Australian sharemarket managed to close a smidgen higher in a volatile trading session following the previous day’s bloodbath, with a surprisingly positive lead from Wall Street behind the recovery.
The boss of Blackmores says the vitamins and supplements giant is not really relying on Chinese “daigou” shoppers anymore as it gains more market share in Indonesia and Thailand, while the huge opportunity of densely-populated India will be a slow burn.
Qantas is still posting sizeable losses but showing signs of bouncing back from devastation wrought by the Covid-19 pandemic, encouraging expert observers that it’s near-death experience is now behind it.
Domino’s Pizza is rolling out new meal offerings, continuing to aggressively expand its store network and reduce delivery times, but has disappointed investors and analysts with its latest financial results.
The Australian sharemarket climbed firmly into the green after Russia announced it was pulling back some troops from Ukraine’s border, with sentiment further boosted by a flurry of strong half-yearly earnings reports from local companies.
Demand for skilled workers around Australia has climbed to epic proportions, a new government report confirms, with internet job advertisements up a whopping 54 per cent in January compared to pre-Covid levels.
Punitive tariffs on Australian wine in China have effectively closed the major market to local producers, an industry heavyweight says, as tensions between the two nations shows no sign of improving soon.
One of the big four banks has brought forward its forecast for the Reserve Bank of Australia to lift the cash rate, saying the central bank’s prediction for underlying inflation is “significantly below” its own.
There’s no doubt JB Hi-Fi has had a stellar pandemic as Australians indulge in home tech upgrading, but the electronics and appliance giant has decided against providing full-year guidance, citing uncertainty due to Covid-19.