Download IPFS Australia’s manufacturing sector confronts a looming crisis as new research reveals 73,000 regional jobs face imminent risk from international competition. The McKell Institute report identifies China’s aggressive industrial expansion as the primary threat to domestic smelting and refining operations, with regional communities like South Australia’s Port Pirie particularly[Read More…]

Download IPFS Australian gold miners emerged as the standout performers on Monday, as investors sought safe-haven assets following turbulent US employment data. While the S&P/ASX 200 barely moved, gaining 0.02% to 6,663.7 points, gold stocks shone with the sector index surging 3.5%. The rally reflects growing global economic uncertainty that[Read More…]

Download IPFS A $400 million redundancy fund threatens to expel the Maritime Union of Australia amid a fierce inter-union conflict disrupting Woodside’s Pluto LNG expansion in Western Australia. A $400 million redundancy fund, managed by the Construction, Forestry, Maritime, Mining and Energy Union (CFMEU), has initiated moves to expel the[Read More…]

Download IPFS Australia’s beer drinkers get a break as the government freezes draught beer taxes for two years, while spirits face a steep excise hike, raising costs for distillers and consumers. Starting Monday, August 4, 2025, Australia’s alcohol tax system takes a divisive turn, with the Australian Labor Government freezing[Read More…]

Download IPFS New analysis from industry super fund HESTA reveals the increased 12% superannuation guarantee will transform retirement outcomes for Australian women. The research shows female workers entering the workforce today could retire with $712,000 in super, a staggering $411,000 more than their counterparts who began careers in 1976. This[Read More…]

Download IPFS A new tax reform proposal in Australia aims to raise taxes on dominant corporations while easing the burden on small businesses. The plan, supported by several leading economists, seeks to improve productivity by addressing market concentration and enhancing competition. Under the proposal, industries where four or fewer companies[Read More…]

Download IPFS Australia’s green hydrogen industry confronts sobering challenges as major energy firms abandon multibillion-dollar projects, including a $14 billion Queensland plant and a $55 billion Pilbara proposal. The setbacks highlight what investors term “the valley of death,” the difficult transition from experimental technology to commercial viability. Despite these withdrawals,[Read More…]

Download IPFS The Australian sharemarket opened lower on Monday, tracking global declines after disappointing US employment data unsettled investors. The S&P/ASX 200 index futures pointed to a fall, while the Australian dollar unexpectedly rose to US66.5 cents despite signs of economic uncertainty. US nonfarm payrolls for July added only 73,000[Read More…]

Download IPFS Australian households withdrew $12 billion from savings in June – the first monthly decline in a year – as residential mortgage lending surged to record levels. APRA data reveals this 0.74% dip in household deposits coincided with a $17.7 billion expansion in bank home loan portfolios, the largest[Read More…]

Download IPFS Warren Buffett’s Berkshire Hathaway has reported a $3.76 billion write-down on its long-held stake in Kraft Heinz, marking one of the most significant admissions that the decade-old investment has failed to deliver. The impairment contributed to a 59 percent plunge in the firm’s net income for the second[Read More…]