Coles restricts access to baby formula
Baby formula will join razors and cigarettes behind the counter at some NSW supermarkets to ensure Australian parents have enough to feed their infants. The move follows reports some formula brands worth between $25 and $35 for a one-kilogram tin are being bought in bulk and on-sold in China for a profit of up to…
Kogan reports strong 3Q growth
Online retailer Kogan.com’s revenue has jumped by 46.1 per cent for the third quarter as customer numbers and the value of transactions continued to grow. Kogan, which sells products ranging from consumer electronics to insurance and pet accessories, says its gross transaction value rose nearly 50 per cent during the three months to March 31….
Labor to push Joyce over jobs for partner
Labor will continue to pursue Barnaby Joyce over what special treatment may have been afforded his now-pregnant partner – but insists it doesn’t want to cause any more distress to the deputy prime minister’s family. The government maintains there was nothing untoward about the jobs Vikki Campion held in National Party MPs’ offices after she…
The Jeff Bezos divorce: $136 billion and Amazon in the middle
The announcement by Amazon founder Jeff Bezos, the world’s wealthiest man, and his wife that they will divorce has captivated the imagination – how will they split his giant fortune, estimated at $136 billion? And what will happen to the Internet retail giant – will his soon-to-be ex get a significant stake, and how would…
Ten years later, risks lurk to global economy
The US financial system 10 years ago was brought down by toxic investments with mysterious acronyms. Today the risks to global economic stability have familiar names: China, emerging market contagion, Brexit and… Donald Trump. In the years since the 2008 crisis, which caused tens of millions of people to lose their homes, led to hundreds…
No regrets on the minister sex ban: PM
Australia’s prime minister Malcolm Turnbull has no regrets about the new sex ban prohibiting cabinet ministers from having sexual relations with their staffers. Mr Turnbull announced the ban on Thursday after it was revealed deputy prime minister Barnaby Joyce had an extramarital affair with his media adviser with the PM labelling it a ‘shocking error…
Stock market to determine Obama’s fate
After the US Supreme Court inexplicably redefined Obamacare to uphold its constitutionality, politics are very much back in the news. And with the all-important US elections only 4 months away, it’s only going to get worse. Interestingly, the state of the US stock markets heading into voting is likely to both predict and heavily influence…
Environment an issue for federal voters
Global warming and the environment are line-ball with the economy as major issues for voters at the next federal election, new polling shows. Greenpeace commissioned the poll of more than 2000 voters, which also confirmed Labor is ahead 53 per cent to 47 on a two-party preferred basis, matching the past three Newspolls. Voters were…
Renault ends Ghosn era with Nissan-induced profits plunge
Retail spending by American consumers plunged unexpectedly during December’s key holiday shopping period, suffering its largest one-month drop in almost a decade, government data showed Thursday.While 2018 overall was a strong year and much of the decline was due to falling gasoline prices, the sudden frugality of the US consumer could weigh on estimates for…
Australia expected to miss inflation target
One of the leading indicators for inflation targets has suggested that Australia is nowhere near on track to hit targets for the current quarter as signs of a global market downturn continue. Analysts from Westpac, which is one of the most reputable sources for correct inflation predictions, are saying that Australia is going to be…
