Talking Business with Leon Gettler

Central banks are intent on driving the world economy perilously close to a recession.

 Mark Zuckerberg’s net worth fell by more than 50% this year as Meta struggles to find a footing in the tech industry.

The RBA will tip Australia into recession and cause a ‘material’ property downturn if it lifts rates as aggressively as expected, Barrenjoey’s Jo Masters says.

Fortescue Executive Chairman, Andrew Forrest rebuts Elon Musk’s criticism over hydrogen.

Australians are the richest people in the world, according to Credit Suisse. 

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The US inflation rate sits at 8.3% in August, likely keeping the Fed on track for another big rate hike and spooking the markets

Coins bearing the effigy of King Charles will start entering circulation next year, but Andrew Leigh says swapping the Queen for the King on the $5 note is not a given.

Alan Joyce’s last year running Qantas could be the most lucrative in his 14 years as CEO

Cyber insurance premiums soar 80% as claims surge because of ransomware.

Huge surges in cybercrime, including ransoming, fraud and data theft, will leave Australia 30,000 cyber professionals short over the next four years

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The US inflation rate declined less than expected to 8.3% in August, likely keeping the Fed on track for another big rate hike

Coins bearing the effigy of King Charles will start entering circulation next year, but Andrew Leigh says swapping the Queen for the King on the $5 note is not a given.

Alan Joyce’s last year running Qantas could be the most lucrative in his 14 years as CEO

Cyber insurance premiums soar 80% as claims surge because of ransomware.

Huge surges in cybercrime, including ransoming, fraud and data theft, will leave Australia 30,000 cyber professionals short over the next four years

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 British Pm Liz Truss says cutting the tax burden on the richest would increase the underlying growth rate of the UK.

At least 28 cities tightened Covid restrictions this week in China, including lockdowns, affecting 40 million people. China's economy slipping toward contraction, and bolstering Xi Jinping being appointed China’s leader for another five years.

On-the-spot 10 minute interview: Dan Murphy’s jobs blitz targeting 2200 people around the country.

Australian federal police have created a new unit to target cryptocurrency criminals

Battery electric vehicle sales in Australia have hit a new record, accounting for almost one in 20 new cars sold in August, new figures from the Federal Chamber of Automotive Industries show

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Rooting out high inflation will become much harder, officials say, as they confront a new economic era

 Prime Minister Anthony Albanese has dismissed calls to scrap nearly $250 billion in tax cuts that would benefit high-income earners.

The global cyber threat environment has intensified and Australia is an increasingly attractive target for malicious actors and cybercriminals, according to a new report.

A jump in Australian business insolvencies as rates rise and creditors more aggressively pursue debts will trigger a spike in illegal phoenix activity, where directors set up new entities to avoid debts. 

Fortescue Metals’ new clean energy boss Mark Hutchinson says the geopolitical ructions of the past year will accelerate the energy transition and the company should be selling green hydrogen within three years.

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Australia’s rapid-fire interest-rate increases are sending tremors through the nation’s heavily indebted households and threatening a property downturn on a scale unseen since the eve of the 1991 recession.

News Corp co-chairman Lachlan Murdoch has filed defamation proceedings against Crikey, a day after the online news outlet went ballistic and challenged the billionaire media mogul to sue it

The price of electric vehicles needs to roughly halve and fall into the $20,000s range before Australians will switch from traditional combustion engine cars, according to Ampol chief executive Matt Halliday.

Solar power has outpaced coal as the number one fuel source in the Australian power grid in August for the first time

The Transport Workers Union (TWU) has called on Qantas CEO, Alan Joyce to resign, after this airline’s apology fell on deaf ears.

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China’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range.

The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries - crucial in shift from coal to clean energy.

James Packer has alleged that Peter Costello was secretly paid $300,000 by him or on his behalf to lobby Victoria's gaming minister.

KPMG has “exited” 11 people from the firm for misconduct including bullying, sexual harassment and policy breaches during the past year.

The average weekly fuel cost for Australian motorists has hit $100, after rising an extra $5 a week over the course of the past three months

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China’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range.

The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries - crucial in shift from coal to clean energy.

James Packer has alleged that Peter Costello was secretly paid $300,000 by him or on his behalf to lobby Victoria's gaming minister.

KPMG has “exited” 11 people from the firm for misconduct including bullying, sexual harassment and policy breaches during the past year.

The average weekly fuel cost for Australian motorists has hit $100, after rising an extra $5 a week over the course of the past three months

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RBA’s ‘whatever it takes’ attitude will cause a recession: ACTU

Australia will see 11% of jobs lost to automation by 2040, according to the latest jobs forecast for the APAC region by global research and advisory firm Forrester

Leaked documents reveal the Federal Chamber of Automotive Industries is co-ordinating a secret campaign to delay Australia’s transition to electric vehicles

Qantas asks its senior executives and managers to join a new contingency program that would see them leave their jobs and work as ground handlers up to five days per week for three months.

Petrol and diesel supplier Ampol has made its entry into electricity supply and plans to open 120 fast-charge sites at Ampol locations across Australia within 18 months.

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 The Reserve Bank of Australia (RBA) has hiked the cash rate for the fourth consecutive month and the market forecasts the cash rate will be 3.3% by March next year.

The price of beer in Australia will soon hit A$15 a pint, the largest increase in over 30 years

Law firm Corrs Chambers Westgarth dumps Catholic Church after 60 year to protect its reputation.

ACCC report shows gas companies are gaming the system and not doing enough to keep gas onshore as they seek to take advantage of high global gas prices.

House prices in Australia are dropping at their fastest pace since the global financial crisis — and market conditions are "likely to worsen" as interest rates continue to rise

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