Australian shares look set to close the quarter on a subdued note after trading lower midway through the session amid renewed fears of a global economic slowdown. The benchmark S&P/ASX200 index was down 60.3 points, or 0.9 per cent, to 6.639.9 at 1200 AEST on Thursday, while the broader All Ordinaries was down 61.1 points, … Read more
The latest product out of Coca-Cola Creations — Coke’s innovation platform, which brought us starlight and pixel-flavored sodas — is a collaboration with Marshmello, a masked DJ and electronic music producer. If you think the artist worked with Coke to develop a marshmallow-flavored beverage, you’re wrong. Instead, the new flavor has notes of strawberry and … Read more
A property development company is set to turn a vacant block in Jolimont into the Victoria Park of the western suburbs. WBG Property bought the 2305sqm block in the City of Subiaco for $4.35 million last week. WBG recently developed the Belle Parc Residences in Victoria Park and has indicated it plans to draw on … Read more
Hong Kong CNN Business † Journalists from leading international media organizations, including Reuters and CNN, have been barred from covering official ceremonies during Chinese leader Xi Jinping’s visit to Hong Kong later this week. Xi will be in Hong Kong to mark the 25th anniversary of the city’s handover from Britain to China, and it … Read more
The S&P 500 and the Nasdaq are flat in volatile trading on worries about faster interest rate hikes even as recent data painted a dour picture for the economy while a boost from Goldman Sachs shares kept the Dow afloat. Investors fretted about the impact of hefty rate increases on the US economy as data … Read more
Consumer advocates are warning Australians to be wary of dud electric heaters this winter, as many fail safety tests. A CHOICE review of 15 electric heaters found six weren’t up to their standards. The consumer group hasn’t seen such a high rate of failure before, CHOICE heating expert Chris Barnes said. The products that failed … Read more
Perth has the highest-ever number of suburbs in the million-dollar club, after prices in 15 new suburbs recently exceeded the milestone median. Research from CoreLogic shows there were 56 suburbs in Perth with median house prices above $1 million in May this year, compared to 41 a year previously. Adding to fears about the affordability … Read more
The Reserve Bank is pushing for more frequent inflation data from the Australian Bureau of Statistics, with quarterly updates currently restricting the RBA’s ability to tackle surging cost-of-living pressures. World bankers this month laughed at Governor Phillip Lowe during a financial forum in Switzerland when the RBA chief lamented the fact his team doesn’t receive … Read more
A landmark agreement between Uber and one of its harshest critics could have the potential to shake up the gig economy. Under the agreement between the rideshare giant and the Transport Workers Union, the US-based company will support the introduction of a minimum earnings “safety net”. It would also back the creation of an independent … Read more
Delhi police have arrested a prominent Muslim journalist, accusing him of insulting religious beliefs on social media, in a move condemned by free speech advocates. Mohammed Zubair, co-founder of fact-checking website Alt News, which debunks misinformation in the Indian media, was arrested Monday and remanded overnight in police custody, said KPS Malhotra, a deputy commissioner … Read more