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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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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…...
John Healey backs growth but says Labour must be honest on spending
5+ day, 22+ 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…...
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…...
Australia’s housing prices are trending down. See which suburbs have had the biggest falls
1+ week, 1+ day ago (239+ words) Cotality says prices have declined in most capital cities over winter. Search the data to see how they have changed in your area Australia’s property market is facing a rare price correction, as rising interest rates and less favourable tax…...
UK mortgage rates set to rise as bond sell-off drives up borrowing costs – business live
1+ week, 3+ day ago (403+ words) Rolling coverage of the latet economic and financial news The oil price is dropping this morning, which should help ease the bond market wobble. Brent crude has dropped by 1.1% to $94.57 a barrel, having traded as high as $97/barrel on Wednesday....
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…...
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…...
Could you save money on your mortgage? As house prices cool and lender rivalry heats up, experts say Australians should ask
4+ week, 15+ hour ago (839+ words) There is talk that lenders are starting to compete more fiercely for customers as demand for new home loans drops Homeowners with a mortgage dodged a bullet this week when the Reserve Bank of Australia board chose to hold its…...
Australia’s economy limps along, but the RBA should take a closer look before raising interest rates again | Greg Jericho
1+ week, 3+ day ago (886+ words) The story of the economy at the moment is one of give and take – and what’s good for investment is bad for trade When the Bureau of Statistics released the GDP figures on Wednesday, the June quarter 0.4% growth figure immediately…...
UK inflation rises to 2.9% as Iran war fuels living costs squeeze
3+ week, 4+ day ago (378+ words) Higher energy costs push up CPI but jobs slowdown could deter Bank of England from raising interest rates UK inflation rose to 2.9% in July as the impact of the Iran war on energy prices triggered a renewed cost of living…...