Here’s how you can finish the year off making some cash. Today host Karl Stefanovic has grilled Trade Minister Simon Birmingham on China’s involvement in the world’s largest free trade deal. Qantas has been accused of using COVID-19 as cover to sack thousands of Australian workers and replace them with cheap labour from overseas. Australia’s alarming spat with Beijing shows no sign of slowing – and everyday Aussies could be the biggest losers if the crisis boils over. Australia is ‘increasingly concerned’ by targeted Chinese trade attacks as two lamb exporters are barred from the Chinese market. The economy of Australia is a highly developed mixed economy. Australia's economy has taken the first step on the road to recovery after expanding by 3.3 per cent in the September quarter. The Treasurer has hailed Australia’s economic rebound as ‘better than nearly any other country in the world’, with the recession now officially over. Australia can count on the support of an incoming Joe Biden regime as it faces threats of ‘lasting punishment’ from Beijing. After an election campaign spent making big-ticket promises, the Queensland government has revealed just how much it will spend. COVID-19 has changed the way Aussies will do their Christmas shopping, and it looks like retailers should be worried. Jeff Bezos’ ex-wife Mackenzie Scott ranked one of the most p... Find out more about our policy and your choices, including how to opt-out. China’s disappointing move to slap Aussie wine with tariffs can be pursued through the WTO. Australia's economy is growing again after the coronavirus pandemic pushed it into its first recession in three decades. One of Australia’s major banks has provided additional funding for communities still overcoming the devastating impacts of last summer’s bushfire crisis. A recovery in household spending and fixed investment, supportive fiscal and monetary policy measures, and the gradual reopening of the global economy … Now, the Premier has been accused of telling an “outright lie”. ... Trade minister Simon Birmingham says the penalties for alleged dumping make the market unviable for Australian exporters We'll see if Australia's shopping habits hold up, Economic decoupling from China would be 'act of national self-sabotage', Labor and Liberal MPs, Debts plunge NSW, Victoria into credit downgrade, Australia risks AAA - but economy to, The threats to Australia’s economy and democracy are grave but not insurmountable, How Australia navigated an economic jolt not seen for a century, AUD/USD and NZD/USD Fundamental Weekly Forecast – Focus Remains on Vaccine, US Stimulus, Inquiry calls for a fair go on infrastructure for Australia's regions, Tsai thanks Australian Rep, hopes for economic cooperation agreement. And the impact could be truly devastating. Australia’s population growth is forecast to shrink to the lowest rate since 1916 – and an influx of skilled migrant workers is the key to fixing the economy. Nationwide News Pty Limited Copyright © 2020. Australia's economy grew 3.3 percent in the September quarter, according to the latest gross domestic product (GDP) figures from the Bureau of Statistics. The September quarter growth came after a 7 percent economic … Australia’s largest bank has dealt a blow to savers, implementing further rate cuts that are more than the recent interest carving by the central bank. Australia’s economy has turned a corner and is out of recession, but a bumpy ride lies ahead, the Reserve Bank chief warns. Victorian commuters can enjoy a new fleet of Australian-made trams and planet-friendly buses under plans unveiled in the state budget. The nation’s immigration system should be overhauled to equip Australia for a post-COVID economy, says a woman touted as Labor’s future leader. Australia's economy expanded by 3.3% in the three months to September, data from the Australian Bureau of Statistics (ABS) showed on Wednesday. China has escalated trade tensions with Australia yet again by slapping more tariffs on an industry it has already hit hard: Wine. A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites. Tens of thousands of desperate jobseekers and their families will be pushed into poverty when this ‘cruel’ measure is introduced. Scott Morrison has been lashed over his diplomacy towards China, with a key senator saying the PM had ‘clearly he’s never played poker before’. But that wasn’t the case. The Reserve Bank of Australia has retained the official interest rate at a historic low, saying the road to recovery won’t be easy. Speculation is mounting a boost to super could be scrapped, with the government switching focus to boosting homeownership. The government is proposing a suite of changes it says would free up casual work, but Labor is accusing it of targeting vulnerable workers. A group of Australians left unemployed due to the pandemic are eligible for a one-off $5000 cash payment as part of a $10m program. What does the future hold for Treasury Wine (ASX:TWE) after China’s tariffs? China’s ‘shadow trade war’ threatens Australian economy The News International 01:04 28-Nov-20. Inside the luxurious life of Steve Jobs’ model daughter Eve. Queensland-bound tourists have been put on notice about having to queue in searing heat because of coronavirus restrictions that have not eased in line with border openings. The number of Australians on JobKeeper has dropped significantly as the Treasurer touts a faster-than-expected COVID-19 recovery. Qantas has confirmed thousands of staff will lose their jobs after a decision to outsource the majority of its ground-handling operations. Federal Treasurer Josh Frydenberg says Australia's economy would be $34 billion better off if the coronavirus vaccine rollout can be completed six months earlier than expected. But there’s one key question the government has dodged. But in the year to September 2020, GDP declined 3.8 percent. Australia’s economy has turned a corner and is out of recession, but a bumpy ride lies ahead, the Reserve Bank chief warns. One of Australia’s leading credit bureaus says the federal government should begin tapering support measures such as JobKeeper. Property prices have surprisingly lifted even after the downward spiral to the economy this year. China has placed the blame squarely at the feet of Australia as the relationship with our largest trading partner continues to sour. An influx of seasonal workers to save COVID-hit farms could be on the way after measures were agreed to help them bypass quarantine. Sorry, no headlines or news topics were found. Euro vs. Dollar, Australia NAB business confidence rose to 12, but no improvement in employment, Aust shares steady as rush on miners eases, Business, shoppers eye end of pandemic pain, Australia business sentiment soars in November as virus restrictions ease, Business grows in confidence over recovery, China's record November will further unsettle Australia and the US, Businesses push back on Australia and New Zealand travel bans, MAGNA - Australian ad spend to lift by 11% in 2021, Coming up in Asia-Pacific trading: Japanese stimulus details, Australian business confidence, NZ's airports unlikely to recover from Covid-19 hit until late 2021 - S&P Global Ratings, Businesses pushback on Australia and New Zealand travel bans, Australia’s credit rating is irrelevant. Ignore it, NZ and Australian airports unlikely to recover until late 2021 - S&P Global Ratings, Is the trend really our friend? Data released Wednesday by the Australian Bureau of Statistics showed its economy shrank 7% in the June quarter, following the 0.3% decline seen in the March quarter. As relations between Canberra and Beijing plunge to new lows, there are fears China could next take aim at one of our biggest industries. One of Australia’s major wine exporters says China’s latest tariff slap will cost local jobs and hurt the ‘lifeblood’ of the industry. These ASX dividend shares offer yields of at least 4% The Motley Fool (Australia) 20:34 27-Nov-20. Both sides of parliament have claimed victory after the government’s cashless welfare card scheme received a stay-of-execution. There’s whopping amount of unclaimed super that you could get your hands on before Christmas. Queensland will see tens of thousands of job openings over the next four years as the state goes on a hiring spree to tackle its unemployment problem. China has escalated its trade war with Australia, banning yet another Aussie product, with potentially devastating consequences. Australia Economic Growth The economy is projected to return to growth in 2021, following this year’s pronounced contraction. SYDNEY- Australia’s economy rebounded sharply in the third quarter from a coronavirus-induced recession as consumer spending surged, though the country’s top central banker signaled monetary policy will stay accommodative for a while. It’s the year the Victorian economy went into hibernation. Australia’s second largest bank says it will do better in 2021 and pledges to pay its shareholders a proper dividend in the coming year. Now, the state government has unveiled its plan to wake it back up. Please try different keywords. But a new investigation may help to turn that around. But there's a long way to go. Australia’s allies have flocked to its defence after China’s surprise online attacks, with some surprising names supporting the hard hit. One of Australia’s major banks says the removal of travel restrictions on Melbourne is having a huge benefit to regional Victoria. Click to get a sign-in link sent to your email. From free food and entertainment, to new bus services and increased defences against COVID-19, here’s what you’ll get from the NSW budget. China’s decision to stop taking Australian coal has seen prices plummet but China also appears to be paying a heavy price for its decision. Beijing’s Foreign Ministry has defended its latest Australian product ban, saying the reason relations have become ‘difficult’ is very clear. 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Will China’s tariffs cripple the Aussie economy’s 2021 recovery plan? The government has been warned to expect a financial hit of more than $1b, with China sanctions set to target two more key industries. The CEO of a major Australian business is leading the push to boycott Chinese products amid growing tensions between the two countries. Scott Morrison claims he’s not bothered by the UN snubbing his bid to attend a global summit just days after he said he would be there to ‘correct the record’. Australia's total wealth was AUD$10.9 trillion as of September 2019. Australia's economy grew by 3.3 per cent in the third quarter, rebounding from its first recession in nearly three decades as it recovered from pandemic-related shocks. “Australia’s recession may be over, but Australia’s economic recovery is not,” he said. Inspectors are on the prowl to ensure consumers get what they pay for when buying hams and seafood this Christmas. 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