According to the New Zealand government, these food products represent around 25 per cent of the country’s exports to the US and are worth roughly NZ$2.21 billion ($1.25 billion) annually. New Zealand beef imports into the US have incurred a loss of over NZ$300million following the tariffs, despite strong demand and firm prices in the past couple of months.
The ASX 200 plunged at opening on Monday, deep in the red. Investors are in full sell-off mode, fearing a global recession. Meanwhile, the Aussie dollar has sunk below 60 US cents, a level not seen consistently in decades. By the opening bell, $160 billion was wiped from the ASX. The index dropped 461.40 points,…
The Reserve Bank of Australia (RBA) has issued a stark warning about the risks posed by ongoing U.S. trade and tariff policies, emphasizing their potential to disrupt global economic stability. The bank’s semi-annual Financial Stability Review highlighted growing concerns that such policies could prompt higher risk aversion in financial markets, elevate corporate financing costs, and…
On Monday, Pearler Super launched its new “no-boomers” super fund aimed at young Aussies struggling to save for retirement. The new product will only be accessible to young members. The company stated that too many of the funds already cater to those currently in need of retirement income. Giving Young Investors Confidence in Their Future…
The Queensland floods have been the outback’s worst on record. Huge parts of the outback are underwater. Livestock losses are in the millions, and residents are evacuating. The Wide Bay region in particular experience 300mm of rain in just over 24 hours. Several inland areas of Queensland are on alert still for flooding. Additionally, there…
Prime Minister Speaks Out against Price Gouging Prime Minister Anthony Albanese has promised tougher crackdowns on supermarket price gouging in Australia on day two of his federal election campaign. “Price gouging is when supermarkets are taking the piss of Australian consumers” – Anthony Albanese He pledged to impose fines and put consumer laws in place similar…
A huge salad product recall is happening across Australia. Major supermarkets across Queensland and some stores in New South Wales are recalling several produce items. Stores caught up in the recall include Coles, Woolworths and Aldi. Media outlets are now encouraging customers to return these products to the appropriate stores for a full refund. Aussies…
Thousands of Subscribers Data Exposed A Nine News Data Breath has left the personal data of nearly 16,0000 subscribers to Nine newspapers exposed. Nine Entertainment Co. owns Nine Newspapers, which also owns newspapers like The Sydney Morning Herald and The Age. A spokesman for the company claims that Nine has taken the matter seriously and…
Choice Report Findings Just a week after the Australian Competition and Consumer Commission (ACCC) released its findings on supermarkets across Australia, the consumer advocacy group Choice has released its report on the price of groceries. The report showed that grocery prices at Woolworths are going up, while the cost of goods at Coles and Aldi…
Huge Discounts Ahead In the aftermath of Ex-Cyclone Alfred, Jetstar has announced a limited-time airfare sale, offering heavily discounted flights to key Queensland destinations. The sale, launched in partnership with Tourism and Events Queensland, includes over 14,000 seats on select domestic routes. One-way fares are starting as low as $54. The promotion will run for…
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