National Australia Bank has lifted its annual profit by almost nine per cent, despite the challenges posed by rising interest rates and high inflation.
Hundreds of Australian citizens are trying to get on government-sponsored repatriation flights out of Israel, with two planes due to depart Tel Aviv for London in the next 24 hours.
Treasurer Jim Chalmers has set out eight priorities for the next federal budget, while warning Australia is not immune to the ongoing volatility in global financial markets.
One in six workers took advantage of a scheme that allowed Australians to tap their superannuation during the Covid-19 pandemic, with many using the money to splurge on gambling.
The financial woes impacting Australia’s largest cold chain transport operator is yet another sign that many local businesses are doing it tough going into 2023.
Inflation is expected to spike to 7.75 per cent by the end of the year, leapfrogging earlier forecasts by a significant margin, Treasurer Jim Chalmers has warned.