Talking Business with Leon Gettler

Central banks are intent on driving the world economy perilously close to a recession.    Mark Zuckerberg’s net worth fell by more than 50% this year as Meta struggles to find a footing in the tech industry.   The RBA will tip Australia into recession and cause a ‘material’ property downturn if it lifts rates as aggressively as expected, Barrenjoey’s Jo Masters says.     F...

The US inflation rate sits at 8.3% in August, likely keeping the Fed on track for another big rate hike and spooking the markets   Coins bearing the effigy of King Charles will start entering circulation next year, but Andrew Leigh says swapping the Queen for the King on the $5 note is not a given.   Alan Joyce’s last year running Qantas could be the most lucrative in his 14 years as CEO...

The US inflation rate declined less than expected to 8.3% in August, likely keeping the Fed on track for another big rate hike   Coins bearing the effigy of King Charles will start entering circulation next year, but Andrew Leigh says swapping the Queen for the King on the $5 note is not a given.   Alan Joyce’s last year running Qantas could be the most lucrative in his 14 years as CEO C...

 British Pm Liz Truss says cutting the tax burden on the richest would increase the underlying growth rate of the UK. At least 28 cities tightened Covid restrictions this week in China, including lockdowns, affecting 40 million people. China's economy slipping toward contraction, and bolstering Xi Jinping being appointed China’s leader for another five years.   On-the-spot 10 minute inte...

Rooting out high inflation will become much harder, officials say, as they confront a new economic era  Prime Minister Anthony Albanese has dismissed calls to scrap nearly $250 billion in tax cuts that would benefit high-income earners. The global cyber threat environment has intensified and Australia is an increasingly attractive target for malicious actors and cybercriminals, according to a...

Australia’s rapid-fire interest-rate increases are sending tremors through the nation’s heavily indebted households and threatening a property downturn on a scale unseen since the eve of the 1991 recession. News Corp co-chairman Lachlan Murdoch has filed defamation proceedings against Crikey, a day after the online news outlet went ballistic and challenged the billionaire media mogul to sue it &nb...

China’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range. The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries - crucial in shift from coal to clean energy. James Packer has alleged that Peter Costello was secr...

China’s economic slowdown deepened in July as strict Covid Zero measures and a slumping real-estate market threaten the chances of a recovery to a “reasonable” range. The world’s biggest fund manager, BlackRock, has selected Australia for the rollout of its largest investment in grid-scale batteries - crucial in shift from coal to clean energy. James Packer has alleged that Peter Costello was secr...

RBA’s ‘whatever it takes’ attitude will cause a recession: ACTU   Australia will see 11% of jobs lost to automation by 2040, according to the latest jobs forecast for the APAC region by global research and advisory firm Forrester Leaked documents reveal the Federal Chamber of Automotive Industries is co-ordinating a secret campaign to delay Australia’s transition to electric vehicles Qantas a...

 The Reserve Bank of Australia (RBA) has hiked the cash rate for the fourth consecutive month and the market forecasts the cash rate will be 3.3% by March next year. The price of beer in Australia will soon hit A$15 a pint, the largest increase in over 30 years Law firm Corrs Chambers Westgarth dumps Catholic Church after 60 year to protect its reputation. ACCC report shows gas companies are...

IMF says the world may soon be teetering on the edge of a global recession, only two years after the last one    The government will struggle in the Senate to abolish the ABCC, but is prepared to defund the watchdog should the legislation fail.   Global car manufacturers are calling for mandatory emissions targets on themselves and warning the slow take-up of electric vehicles could...

 The Reserve Bank of Australia’s culture, appointments to its board and its 2 to 3% inflation target will be the focus of the institution’s first independent review in four decades. Employers in Victoria and Tasmania were hit the hardest by last month’s surge in COVID-19 and flu cases, as leave rates soared more than 50% higher than the long-term average. The majority of “Aboriginal” souvenir...

International Energy Agency warns that the global squeeze on energy supply that’s triggered crippling shortages and sent power and fuel prices surging may get worse. Former Formula One boss Bernie Ecclestone is facing a fraud charge in the U.K. following an investigation by British tax authorities Australian consumer confidence is tracking at its lowest level since the early-1990s recession, exclu...

World's richest billionaires lose $1.4 trillion in worst half ever The market is pricing in the Reserve Bank of Australia to have a cash rate of 3% by year end, rising to 3.5% by April next year. PwC has put a partner on leave over allegations that include threatening a former staff member in a phone call and attending male-only PwC events where female PwC personnel were rated on their attractiven...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

 Stagflation. And when the Bank for International Settlements starts talking about it, you know it’s real.   Technically, Russia is in default. Russia is now broke financially, and isolated economically after provoking the Ukraine/Russia war.  Treasurer Jim Chalmers has signalled his interest in shaking up the business-dominated board of the Reserve Bank of Australia to ensure its d...

Universities on Fair Work Ombudsman’s wage theft priority list. Coolabah Capital Investments has warned that Aussie house prices could fall by more than 30% if the Reserve Bank of Australia’s fulfils uber-aggressive market expectations for an increase in its cash rate Australian energy companies face a consumer watchdog probe into any price gouging and anti-competitive conduct during the rolling n...

There are now fears the world is teetering on the brink of a global recession, after horror new inflation data from the US.   Fears the world is barrelling ­towards 1970s-style stagflation has pushed global shares into a bear market.   Reserve Bank of Australia governor Phillip Lowe expects inflation to hit 7% by December   While most Australians are preparing to be hit with skyrock...