Apartment approvals fall to two-year low
The slowdown in the country's biggest-ever housing construction boom continued in April.
The slowdown in the country's biggest-ever housing construction boom continued in April.
With the eurozone economy expanding at its fastest pace in six years, the single currency is the standout performer of the past months.
An unintended consequence of Australia's home ownership culture is a less efficient labour market.
Recent data showed the first sequential drop in car loans outstanding at commercial banks in at least six years, suggesting rising delinquencies are spooking subprime-scarred lenders.
The euro area still needs expansive monetary stimulus to restore stable inflation, the European Central Bank chief said.
A budget crisis looms because the government is asking ordinary households and workers to do the heavy lifting of budget repair: experts.
Treasury secretary John Fraser declined to indicate what level of household debt would represent a grave threat to the nation's economy, saying his department's priority was to monitor the problem.
DXC Technology will invest in a 60-strong practice to advise Australian organisations on introducing software robot workers.
The biggest proponents of the global shared economy enable people to earn extra cash by renting out their apartments, cars or time. In China, however, the model is different.
Treasury secretary John Fraser says the department's wages outlook is its "best forecast and projection".
Treasury secretary John Fraser has suggested that the focus of economic policy making needs to avoid becoming too focused on the big east co...
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