ANZ CEO Shayne Elliot described Victoria as “one of the toughest” places to do business. It is easy to see why. The Victorian government introduced a payroll tax surcharge in the 2021-22 State Budget as part of a mental health and wellness levy, but only for businesses with a payroll of $10 million or more.
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Could a partial month-long truce between Russia and Ukraine be the key to unlocking a lasting peace between the two sides?
President Emmanuel Macron of France believes so and he floated the idea during Sunday's summit of European leaders in London.
Increasingly, it appears DXY is topped and EUR bottomed. AUD follows EUR but it will be held back by CNY this time. Gold up. Is oil about to do what it should, finally? Chinese demand growth is dead. OPEC to go ahead with production increase. Bonus chart! There is room for lower oil. Commods meh.
The post Australian dollar rises with Germany appeared first on MacroBusiness.
Wall Street crumbled overnight as the realisation has set in that the Don in the Oval Office is hell bent on creating a recession in the US with the slew of tariffs that are now going to go ahead against almost every single major trading partner. The latest ISM print didn’t help either while European
The post Macro Morning appeared first on MacroBusiness.
Last month, Justin Fabo from Antipodean Macro posted the following chart tracking labour productivity across major advanced nations. As you can see, Australia’s labour productivity growth has been among the worst in the advanced world after recording zero improvement since 2016. Last week, the Reserve Bank of Australia’s (RBA) Michael Plumb delivered a speech to a
Peter Dutton deserves a little sympathy as he indignantly denies any conflict of interest or impropriety over his purchases of banking shares and real estate. Many people always believe the worst of politicians, particularly if there is any suggestion of abuse of position, making money on the side, or personal enrichment.
'We should have woken up earlier': Europe races to rearm as old alliances falterEuropean countries are ramping up defence spending, spurred by the war in Ukraine and uncertainty over continued US backing. After a decisive weekend meeting in London, several nations committed to significant increases in their military budgets.
Metricon Homes CEO Brad Duggan warns that Australia cannot house its growing population, and believes the federal government must adopt a “wartime response” to the housing crisis. Based on current construction rates, Duggan adds that the government’s target of building 1.2 million homes in the five years from mid-2024 will likely fall about 300,000 short.
