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Business

Emirates News Agency – Global economic outlook improving, albeit to a low growth recovery: OECD’s latest Economic Outlook

by Anas Siddiqui
Emirates News Agency – Global economic outlook improving, albeit to a low growth recovery: OECD’s latest Economic Outlook

PARIS, 8th July 2023, (WAM) — The global economy has begun to improve, but the recovery will be weak, according to the OECD’s latest Economic Outlook. The Economic Outlook projects …

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House committee votes to raise pilot retirement age amid shortage

by Franz Hernandez
House committee votes to raise pilot retirement age amid shortage

A pilot holds the thrust controls of a United Airlines Boeing 787 aircraft at Newark Liberty International Airport in Newark, New Jersey, March 9, 2023. Ed Jones | AFP | …

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Australian borrowers face ‘mortgage cliff’ with half of all fixed rates set to expire

by Anas Siddiqui
Australian borrowers face ‘mortgage cliff’ with half of all fixed rates set to expire

Australian borrowers face falling off a “mortgage cliff” as their fixed rates expire and the Reserve Bank of Australia’s repeated hikes to the cash rate set in. Analysis by finance …

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Solar concentration in focus as proponents push WA to embrace renewable storage

by Anas Siddiqui
Solar concentration in focus as proponents push WA to embrace renewable storage

Concentrated solar power could plug an imminent gap in WA’s energy mix that will be left by the State’s decision to exit coal-fired power by 2030, according to one proponent …

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Bill Shorten said former government ‘gaslit a nation’ after Robodebt report released

by Anas Siddiqui
Bill Shorten said former government ‘gaslit a nation’ after Robodebt report released

Bill Shorten has accused of a series of politicians in the former government of gaslighting the nation over the robodebt scheme. The government services minister said the debt recovery scheme …

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Ultra-long-haul flights return. Qantas wants to break the record

by Franz Hernandez
Ultra-long-haul flights return. Qantas wants to break the record

The first class suite on Qantas’ ultra-long-range A350-1000. Courtesy: Qantas Long flights are making a comeback. It is one of the clearest signs yet that airlines are betting that the …

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When to tip according to Shake Shack founder Danny Meyer

by Anas Siddiqui
When to tip according to Shake Shack founder Danny Meyer

Restaurateur Danny Meyer doesn’t think customers need to tip when they pick up takeout or buy coffee. “If you’re just taking out food, and it was just a transaction — …

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Nearly all Americans cut spending amid inflation: CNBC survey

by Franz Hernandez
Nearly all Americans cut spending amid inflation: CNBC survey

Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey. The survey found 92% of Americans are pulling back, …

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Rivian shares surge as second-quarter EV deliveries top estimates

by Horatio Thompson
Rivian shares surge as second-quarter EV deliveries top estimates

People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Shares …

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Milk prices likely to rise, but Australian dairy farmers want more bang for buck

by Vera Ward
Milk prices likely to rise, but Australian dairy farmers want more bang for buck

The price of milk at the nation’s supermarkets is expected to rise, as a shrinking Australian dairy industry means there’s less supply to meet consumer demand. United Dairy Farmers of …

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