Tag Archives: Australia

Australia’s economy has moved out of its first recession in almost 30 years, new figures show

  The Australian economy has bounced back from its first recession in almost 30 years, Treasurer Josh Frydenberg says. Australia’s GDP increased by 3.3 per cent in the September quarter, figures released on Wednesday showed. “The Australian economy is coming back,” Mr Frydenberg told reporters. “Facing a once-in-a-century pandemic that has caused the greatest economic shock since the Great Depression, ...

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NSW eases restrictions for pubs and weddings ahead of holidays

By: Josh Dye and Mary Ward NSW Premier Gladys Berejiklian has announced a major easing of restrictions ahead of the summer holidays, including allowing people to drink while standing up outdoors in pubs. From Monday the one person per two-square-metres rule will prevail at all indoor venues including for hospitality, retail and places of worship. The one person per four-square-metres will still apply ...

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Australians lost nearly $7 million on online shopping scams this year

By: Sharon Masige It’s getting closer to the silly season and as shoppers get stuck in to Christmas shopping, they’re being warned to keep an eye out for online scams. The Australian Competition and Consumer Commission (ACCC) revealed the amount of money lost through online shopping scams has spiked 42% this year. More than 12,000 online shopping scams were reported to ...

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The Australian Business Summit Council Inc. celebrates the launch of the second issue of their magazine, EKONOMOS

By: Sahar Mourad   Australia has long been a leader within the economic sector, but one organisation is working to further strengthen the country’s ties with the rest of the world.   The Australian Business Summit Council Inc. is a not-for-profit organisation that works to support Australian businesses both nationally and internationally.   Founding President Dr Frank Alafaci and Secretary ...

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ABSC INC. holds media conference to promote EKONOMOS, Issue 2, 2020

The Australian Business Summit Council Inc. hosted its second Media Conference and annual luncheon at The Waterview in Bicentennial Park, Homebush on 9 November 2020 to promote the imminent publication of the second issue of EKONOMOS, the official ABSC Inc. business affairs magazine in late November this year. More than thirty VIPs and guests enjoyed the five-star venue’s sumptuous food ...

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Australians cancelled 800,000 credit cards during COVID-19

By: Aleks Vickovich While Australia’s national net debt has blown out by 40 per cent to $703 billion thanks largely to the pandemic, it seems regular folks around the country have taken a more prudent approach, reducing their collective credit card bill by more than $7 billion over the same period. According to the latest data from the Reserve Bank of Australia, ...

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Petition calling for media royal commission and setting Australian record tabled in Parliament

By: Jack Snape Australia’s largest-ever parliamentary e-petition, which calls for a royal commission into media diversity and has more than 500,000 signatures, has been submitted to the House of Representatives. The petition was launched by former prime minister Kevin Rudd. “The bottom line is the lifeblood of our democracies depends on a fair, balanced, independent, free media which separates out ...

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House prices across Australia begin to soar

House prices across Australia have risen overall for the first time since the start of COVID-19. Monthly data from CoreLogic shows that, as a collective average, the housing market experienced a 0.4 per cent rise in October. It follows month-on-month average declines since the pandemic started shaking the nation’s economy. “The numbers out today are quite remarkable,” CoreLogic head of ...

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Australia’s second most expensive house is sold for $95million

By: Lucy Macken One of the most expensive residences on the Point Piper waterfront, known as Edgewater, has been sold for an eye-watering $95 million. The incredible  five-storey property called Edgewater features a private jetty, tennis court, and huge terraces on each level overlooking Sydney Harbour. The deal is set to rank as the second highest residential sale nationwide when ...

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