This six-month feud has been the only consistent event during COVID-19 and it is steadily intensifying. Recently, Australian exports of seafood has been subject to delays and wine and barley have faced higher tariffs in Chinese markets. Chinese authorities are also reportedly discouraging firms from buying Australian coal, cotton, and timber. China comprises 1/3 of …
US Election Finally Decided After a gruelling three-day slugfest where battleground states swung from blue to red and then back again, America finally has a new Commander-in-Chief. Democratic candidate Joe Biden is now the President Elect of the United States of America. With this brings a number of economic implications that could serve to make …
It was a tough week for the banks with announcements from ANZ, NAB and Westpac of severe losses to cash profits, increased remediation bills and a surge of write-downs. ANZ announced that cash profits had been slashed by $528 million, calculating accounting and restricting charges to amount to $202 million, while remediation charges addressing misconduct …
