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Latest US news, world news, sports, business, opinion, analysis and reviews from the Guardian, the world's leading liberal voice
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Australia’s drop in real wages is a disaster. But the profits of major corporations are doing just fine | Grogonomics
3+ week, 3+ day ago (638+ words) Wages are not growing out of control and the labour market is not ‘tight’ Excuse me while I sadly cross off another three months on my “waiting for a wages breakout” calendar. Before I get to the wages figures, may…...
Housing tax changes lead to a massive increase in stories about rents going up | Weekly Beast
3+ week, 2+ day ago (1268+ words) Some publications seized on modelling about returns to property investors, despite unequivocal denials they were forecasts of rent rises. Plus: what happened at the Ekka? Brace yourself, The Australian warned on Tuesday, citing a note from the National Australia Bank…...
Rising inflation underlines scale of Andy Burnham’s cost of living challenge
3+ week, 4+ day ago (580+ words) PM’s plan to shield households from more pressure risks being overwhelmed by wider price rises UK inflation rises to 2.9% July’s increase in inflation, to 2.9%, is likely to be the first of several, underlining the challenge facing Andy Burnham in shielding…...
We’re purchasing EVs instead of holidaying in Europe – and what else we learned from Australia’s national accounts
1+ week, 3+ day ago (760+ words) ABS’s snapshot of Australia’s accounts shows economic growth – albeit low – in the face ‘challenging international circumstances’ The Australian Bureau of Statistics released its latest set of national accounts, which give us a snapshot of how the economy is performing in…...
John Healey backs growth but says Labour must be honest on spending
6+ day, 1+ hour ago (690+ words) Chancellor ducks questions on whether he will have to raise taxes but says he will stick firmly to fiscal rules John Healey has said boosting economic growth will be his defining mission as chancellor as he warned Labour had to…...
Yes, cut red tape. But shareholder votes on boardroom pay are not ‘pointless admin’
4+ day, 20+ hour ago (182+ words) Nothing good can come of ditching annual investor votes on remuneration reports or encouraging online-only shareholder meetings The government, like every other one in living memory, is on a mission to reduce red tape for business. The former chancellor Rachel…...
How environmental concern is changing the way young Australians think about money
2+ week, 5+ day ago (473+ words) Most young Australians want their finances to support positive change, new research shows Young Australians are concerned about the future. Almost three-quarters (72%) of gen Z and millennial Australians say environmental issues make them anxious about what lies ahead, while 83% say…...
US Treasury’s Scott Bessent ‘making mistake’ interfering with bond markets, former mentor warns
2+ week, 5+ day ago (405+ words) Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley Druckenmiller Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury…...
Housebuilder Crest Nicholson warns of annual loss in ‘subdued’ property market
1+ week, 3+ day ago (315+ words) Firm will complete fewer homes than expected in year to 31 October – between 1,350 and 1,400 The British housebuilder Crest Nicholson has warned of a surprise loss this year as it bemoaned difficult trading in a “subdued” property market. In an unscheduled trading…...
Oil prices rise as US-Iran ceasefire ends; UK wage growth slows amid cost of living squeeze – business live
3+ week, 5+ day ago (460+ words) Brent crude climbs above $91 a barrel Good morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business. Oil prices have risen, trading above $90 a barrel, as hopes faded for a deal to…...