Talking Business with Leon Gettler

Morrison’s re-election suddenly looks much worse with RA raising its official cash rate t9 .35%, the first increase to rates in over a decade.

The Chinese slowdown will weigh on the world’s economy. 

One in 25 properties in Australia will be effectively uninsurable by 2030 due to worsening extreme weather caused by climate change, according to a study released by the Climate Council

Tech multi-billionaire Mike Cannon-Brookes has become AGL’s biggest shareholder in an attempt to derail a proposed demerger.

The Morrison government gave $1.1 billion in personal protective equipment (PPE) contracts to Aspen Medical — which is now part of an international criminal probe into corruption and money laundering

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 Elon Musk is Twitter's new owner and some major changes could be on the horizon.

Netflix has cancelled multiple TV shows and films after suffering a recent loss of subscribers.

Interest rate rises are on the cards from May 3 when the RBA meets after Australia’s inflation soared to a higher than expected 5.1%

Australia’s Coalition government is up to a year behind delivering almost $20 billion worth of budget promises including recommendations from the aged care royal commission to deliver a new funding model and its efforts to boost the digital economy.

Electric vehicles are powering more Australian small businesses as they adopt greener policies and attempt to dodge rising petrol prices, according to the latest data from the Commonwealth Bank.

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 Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago

World Bank and IMF cut their global growth forecast citing the war in Ukraine. World Bank cuts growth estimate by 90 basis points to 3.2% while IMF cuts the global forecast by 80 basis points to 3.6%.

Market economists strengthen expectations the Reserve Bank of Australia will hike its cash rate in June with the RBA saying it is close to raising interest rates as core inflation has gone above the bank’s 2-3% target range in the last quarter.

Thousands of aged care workers across Australia have voted to take "unprecedented strike action" leading up to the federal election

Australia’s major food and grocery manufacturers say they are facing increases in costs of up to 700% since the pandemic began, and have warned some of that will flow through to the price shoppers pay at the checkout.

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 US inflation just hit 8.5% - the highest since the 70s-80s. Blows out anything from the war on terror

Australians are googling "inflation" like it's 2008

Clive Palmer’s United Australia Party has spent nearly $3.5 million on advertising in April as it continues to outpace its political rivals.

An overwhelming majority of leading Australian economists say climate change and environmental policy are the most important issues for the upcoming federal election.

Spotless fined $17,500 for refusing to pay redundancy 

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Soaring food and fuel prices are starting to rattle governments around the world, showing the widespread political consequences of Russian President Vladimir Putin’s invasion of Ukraine. 

Over 1,000 major investors believe a worldwide recession is just around the corner, a definitive survey says.

The world’s richest man Elon Musk is appointed as a director of Twitter, sparking speculation Musk could change the way Twitter polices its platform as well as who it banishes.

The Reserve Bank of Australia has left the official cash rate on hold near zero, but the RBA has abandoned its language of patience and signalled it could begin raising its record low 0.1% rate in June if upcoming data show accelerating inflation and wages growth.

Reports that South Africa’s Woolworths is looking to sell David Jones. Woolies bought David Jones in 2014 for $2.1bn. It’s been a disaster. It won’t get anything close to what it paid for DJ.

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An analysis of Scott Morrison’s vote-buying budget.

Rising bond yields mean the multibillion-dollar interest bill on Australia’s $1 trillion debt will jump by nearly 50% to $26.3 billion.

CoreLogic warns $25 billion worth of Australian residential property is at risk due to increasing storm surges and coastal erosion.

Inflation expectations continued to surge, according to the latest ANZ-Roy Morgan survey.

Australia ranks number one in Asia Pacific for most ransomware attacks, and seventh globally according to new research

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Russia’s Ukraine war and the looming global food crisis

Australian consumer confidence has plummeted 4.8% with continued rapid increases in petrol prices seeing inflation expectations rise to 6.0%'

The strength of Australia’s post-pandemic economic recovery will bring a $30 billion improvement to the budget bottom line this year, but whoever wins the federal election in May will face 15 years of deficits and the need to find savings of $40 billion a year in the next few years.

Grattan Institute Report on Australian government using public funds to try to influence elections in marginal seats

The Australian Securities and Investments Commission (ASIC) is cracking down on influencers who spread "misleading or deceptive" info.

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Vladimir Putin has set the clock ticking for possible defaults on about $150 billion in debt as the Russian economy slumps and its currency collapses under the pressure of sanctions, including on its foreign-currency reserves 

Petrol prices across Australia continue to rise after Russia’s invasion of Ukraine pushed crude oil prices to an eight-year high.

Spikes in fuel prices have fed into an increase in consumer expectations that inflation will rise over the next two years.

Australian billionaires Mike Cannon-Brookes and Andrew Forrest have invested A$210 million to bankroll the construction of an undersea cable link that will deliver solar generated electricity to Singapore from Down Under

The Federal Environment Minister Sussan Ley has no duty of care to protect children from the negative impacts of climate change when assessing fossil fuel projects, the Federal Court has ruled.

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With the US and the UK banning oil, Moscow warns that the price of oil may reach $300 a barrel in the event of a ban on Russian exports.

Economists are increasingly warning of a possible bout of stagflation, particularly in Europe, a situation of high inflation and low growth that afflicted major economies during the 1970s

Brookfield and Mike Cannon-Brookes are still pursuing ambitions to take over AGL Energy, despite walking away from being rebuffed on their close to $9 billion takeover proposal,

More than 2000 homes and businesses in NSW’s inundated Northern Rivers have been declared unliveable

Australia’s combined state government debt will exceed half a trillion dollars in a matter of months, according to S&P Global Ratings, which is equivalent to 23% of gross domestic product 

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After S&P Global downgraded Russia’s credit rating to “junk” status, Russian bonds collapsed with investors bracing themselves for the possibility that the latest round of western sanctions on Russia could push Moscow to default on its debt for the first time since 1998.

Coles and Dan Murphy’s have joined a boycott of Russian vodka as liquor retailers across Melbourne ditch the drink in a show of solidarity for Ukraine.

One in three women experience online abuse in their working lives and it can have devastating consequences for their careers, according to research commissioned by Australia’s eSafety Commissioner.

James Packer’s Crown Resorts faces a blockbuster fine from the ­financial crimes watchdog, in a move that threatens to derail its $8.9bn takeover from US private equity giant Blackstone.

Suncorp says it is expecting losses from the floods roiling Queensland and NSW to cost it more than $75m, with insurers inundated with at least 15,000 claims as the damages bill grows

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