Money

Australian banks are pulling in big profits as rates rise

Published

5 months ago

June 28, 2023

ticker NEWS

Are wages or corporate profits to blame for stubborn inflation?

Central banks around the world have been raising interest rates in the hope of bringing inflation down.

Rising inflation hurts everyone in the economy, but lower-income workers are the most exposed.

It’s only natural that they would want wage increases to at least keep pace with inflation so their income isn’t going backwards in real terms.

Labor unions and workers around the world have been demanding just this.

But could these demands be shooting themselves in the foot?

Some economists have been warning of what’s known as the wage-price spiral.

That’s the theory that as worker’s wages increase that fuels demand in the economy.

It’s an issue right around the world.

Now inflation in the UK hit 6.5 per cent in May, the highest point since 1991.

So the Bank of England will be very keen to tackle this inflation, and they are obviously concerned about this wage-price spiral.

Others argue that corporate profits are to blame for the situation.

So who wins out? #featured #rba #australia #economy

Related Topics:australia Economy Featured rba

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Diversifying and enhancing payment methods

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21 hours ago

December 8, 2023

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American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

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Explosive growth and dominance of the audio industry

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1 day ago

December 8, 2023

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Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to www.venturecrowd.com.au

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Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

1 day ago

December 8, 2023

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Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.