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Economy

China’s huge $40b Aussie splurge

CHINESE investors have poured over $40 billion into Australia over the past four years, with almost half that finance coming from companies backed by the Chinese Communist Party (CCP).A new database compiled by Australian National…

Migrants to be ‘banned from cities’

OVERSEAS workers will be required to settle outside Sydney and Melbourne for five years as part of the Morrison government’s plan to address population growth.It’s part of the new government’s landmark population policy to ease congestion…

‘Slander’: China loses its temper

CHINA has lost its temper with an Australian senator, accusing her of attacking it with “unwarranted invective” and “blatant slander”.On Friday, Liberal senator Concetta Fierravanti-Wells issued a grim warning in The Australian newspaper,…

‘Challenges loom for global economy’

TEN years after the global financial crisis, the world remains vulnerable to another meltdown, the International Monetary Fund has warned in its latest survey.The IMF is due to publish its full World Economic Outlook next week but has…

Could this $20 buy you a coffee?

THE war on cash is heading to court.If a $10 note is ripped or torn, or a $2 coin is mangled in a metal recycling plant, is its “value” permanently lost? Should the currency issuer honour it, or does the damaged cash simply get written off…

NSW unleashes on other states

THE blow-up over the government’s proposed GST changes has escalated today, with Australia’s richest state taking an extraordinary swipe at its neighbours.Modelling from Victoria’s treasury department has predicted NSW could be $5.5 billion…

Most hated tax to be scrapped

ONE of Australia’s most hated taxes is finally going to be scrapped.At a pivotal meeting in Melbourne today, the states and territories backed Treasurer Josh Frydenberg’s push to remove the 10 per cent GST from sanitary items — known…

Shocking reality of petrol spike

It feels like I woke up and Australia’s petrol prices have gone berserk. At the pump, every gentle squeeze on the trigger now costs enough to make my eyes water. Aussies are starting to fear prices will keep heading up to $2.This is…