Australia’s prices surge at fastest pace in two decades | Business and Economy

Soaring prices come as Prime Minister Scott Morrison fights a tough election campaign. Australian consumer prices surged at the fastest pace in two decades during the last quarter as petrol, home building and food costs climbed, raising speculation of an interest rate hike as soon as next week. The surging inflation comes as Prime Minister … Read more

US rallies global allies to help Ukraine repel Russia – POLITICO

Press play to listen to this article It’s not quite the Coalition to Defeat Putin just yet — and the name is admittedly tame if not lame: the Ukraine Defense Consultative Group. Still, if the US ends up forming a global alliance to actively fight against Russia, the roughly 40 countries convened by US Defense … Read more

Uber to pay $19m for misleading riders with fee warning | Business and Economy News

Between at least December 2017 and September 2021, more than two million Australian customers who attempted to cancel within a five-minute window were warned: ‘You may be charged a small fee since your driver is already on the way.’ Uber agreed to pay a 26 million Australian dollar ($19m) fine for misleading riders by falsely … Read more

In property-mad Australia, borrowers brace for spike in costs | Business and Economy

Sydney, Australia – Maryam Zafar, a software engineer who lives with her partner and two young children in western Sydney, worries that higher mortgage repayments may soon force her family to cut costs. After migrating from Pakistan six years ago with the dream of owning a house in Australia, Zafar and her partner got on … Read more

Interactive maps show jobless hotspots in Sydney and Melbourne

Despite Australia’s national unemployment rate being a rosy 4 per cent, some parts of our major cities are doing it much tougher, new data shows. Data has shown a wide disparity in unemployment rates across parts of Sydney and Melbourne which is hidden in more broadscale unemployment figures. The disparity is more pronounced in Sydney … Read more