Consumer spending
Local growers devastated as Woolworths swaps to Chinese, South African fruit, blaming consumers
Growers were told in a meeting at SPC’s Shepparton office last month that orders of peaches for cans would be reduced by 40 per cent, and pears by 60 per cent.Â
- by Mary Ward
Latest
Economic growth ‘very weak’ but better days around the corner
The head of Treasury says while soft consumer spending will lead to subdued economic growth, household budgets will fare better in the second half of the year.
- by Shane Wright and Rachel Clun
Chinese variety retailer Miniso goes into administration for a second time
The Japan-inspired discount chain store has appointed administrators yet again as consumers close their wallets.
- by Jessica Yun
The northern beaches brothers who won from Woolies’ $590m bet on pets
Woolworths’ acquisition of a major stake in PETstock has yielded a third beneficiary, PetO, which has its own ambitions of being a major player in the pet store landscape.
- by Jessica Yun
How an Italian province made it affordable to have a family
Italy has one of the lowest birthrates in Europe except for one province that has emerged as a parallel procreation universe.
- by Jason Horowitz and Gaia Pianigiani
The economy is on a knife edge. An interest rate change could tip the balance
The RBA board said it was not yet confident inflation was definitely tracking down in its estimated time frame. Here’s what the board will be watching closely to make sure it does.
- by Rachel Clun
Handbrake on consumer spending means long tail for retail recession
As shoppers curbed their Christmas spending, accounting firm KPMG has lowered its forecast for the retail sector’s recovery.
- by Jessica Yun
Opinion
Retirement living
How much can you safely spend in retirement? We crunched the numbers
Retirement spending is a bit of a maze to wind yourself through, but having confidence is key to living a life with lower financial anxiety.
- by Bec Wilson
Opinion
Opinion
Savers, rejoice: You can now get high rates without the hurdles
Savings accounts no longer require you to give up your firstborn to qualify for a high-interest rate.
- by Nicole Pedersen-McKinnon
Analysis
Scams
$80 million in scams prevented as NAB rolls out new payment alerts
A new alert system from NAB has saved customers – including many desperate Swifties – a total of $80 million in potential scams.
- by John Collett
Analysis
Australian economy
A win’s a win … but the economy is only just getting over the line
Football cliches were everywhere in analysts’ verdicts on the latest national accounts. But the economy will struggle to keep on winning at this pace.
- by Shane Wright