Government Mulls Criminal Penalties for Supermarket Overcharging After Scathing Review
Australian Business Journal » Business and Finance
by News Desk
18h ago
Australia’s supermarket giants could soon face criminal penalties if the government heeds the recommendations of a damning new review. The report, released by a Greens-led Senate committee tasked with investigating supermarket pricing practices, has sent shockwaves through the retail industry. It accuses the major players of prioritizing profits over consumer welfare and advocates for stringent measures to curb their market power. The findings, unveiled on Tuesday, paint a troubling picture of an industry allegedly rife with unfair pricing practices. According to the report, supermarket chain ..read more
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Aussie Household Credit Card Debt Hits $18 Billion, Up for Fourth Consecutive Month
Australian Business Journal » Business and Finance
by News Desk
18h ago
In a concerning trend that highlights the financial strain on Australian households, the total household credit card debt attracting interest charges has surged for the fourth consecutive month. According to the latest credit card statistics released by the Reserve Bank of Australia (RBA) for March, Aussies are now saddled with nearly $18 billion in debt on their credit cards. The figures paint a stark picture of the growing burden of credit card debt among Australians. With the total credit card bill accruing interest on personal credit cards reaching $17.66 billion, it’s evident that many h ..read more
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Labor’s Inflation Focus: Navigating the Tightrope in the Federal Budget
Australian Business Journal » Business and Finance
by News Desk
18h ago
As Australia braces for the unveiling of this month’s federal budget, all eyes are on the Labor government’s strategy to address the pressing issue of inflation while balancing the imperative to alleviate the burden on household budgets. With inflation rates surging and putting strain on the cost of living, Finance Minister Katy Gallagher has emphasized that inflation will be the “primary focus” of budgetary deliberations. The government finds itself walking a tightrope, tasked with easing cost-of-living pressures without exacerbating fiscal deficits or stoking further inflationary pressures ..read more
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Australian Women Demand Government Action on Social Security Payments
Australian Business Journal » Business and Finance
by News Desk
18h ago
In a resounding call for action, a coalition of 99 influential Australian women spanning business, politics, community services, and Indigenous affairs sectors have penned a compelling letter to Prime Minister Anthony Albanese. Their demand? A significant enhancement in social security payments, particularly Jobseeker and Youth Allowance, as a vital component of the forthcoming federal budget. The urgency of their plea is palpable, echoing the growing chorus of voices advocating for substantial reforms in response to Australia’s lackluster social security system. As the nation grapples with p ..read more
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Bob Carr and New Zealand’s Deputy Prime Minister Clash Over AUKUS: Legal Threats Amidst Controversy
Australian Business Journal » Business and Finance
by News Desk
3d ago
In the ever-evolving landscape of international relations, clashes between political figures are not uncommon. However, when it comes to matters as significant as strategic alliances and diplomatic decisions, tensions can escalate rapidly. The recent spat between former Australian premier Bob Carr and New Zealand’s Deputy Prime Minister Winston Peters over the AUKUS pact is a prime example of such escalation. At the heart of the dispute lies the controversial AUKUS agreement, a trilateral security pact between Australia, the United Kingdom, and the United States. This agreement, announced in ..read more
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KitKat Unveils Two Luxurious New Flavours – Honeycomb Buzz and Gold Crush Blocks!
Australian Business Journal » Business and Finance
by News Desk
3d ago
Great news for chocolate lovers across the country: KitKat’s team has unveiled not just one, but two luxurious new flavours. Indulge in the delicious KitKat Honeycomb flavour buzz and KitKat Gold Crush blocks, now stocked in supermarkets nationwide. Sink your teeth into the freshly launched KitKat Honeycomb Flavour Buzz Block and discover a delightful blend of sweet, delicate honeycomb flavour, complemented by a satisfying crunch mingled with the traditional KitKat wafer and creamy milk chocolate. Meanwhile, aficionados opting for the new KitKat Gold Crush will relish in the luscious KitKat G ..read more
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Controlling Subconscious Mind with Karim Boktor’s Leadership Hypnotherapy
Australian Business Journal » Business and Finance
by ABJ Staff
6d ago
Did you know that your subconscious mind controls 80 to 90 percent of your behavior? As an entrepreneur, leader, or business owner, it’s very important to be aware of the subconscious mind’s influence on every decision you make. Success is not just about strategy, capitalizing on market trends, finding the right approach to leadership, etc., it’s also about mastering your own mind. Enter Karim Boktor, an expert Leadership Hypnotherapist specializing in the subconscious mind.  Karim Boktor doesn’t diagnose surface-level issues or offer cookie-cutter solutions. Instead, he delves deep into ..read more
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7-Eleven Set for Japanese-Inspired Makeover Under New Ownership
Australian Business Journal » Business and Finance
by News Desk
6d ago
In a significant shift for the renowned 7-Eleven brand, the chief executive of the convenience store chain has announced plans for a transformative overhaul, drawing inspiration from its recent acquisition by Japanese retail giant 7-Eleven International. Following the completion of a $1.71 billion buyout in November 2023, 7-Eleven Australia is poised for a fresh direction under its new owners. Angus McKay, the chief executive, unveiled the company’s strategic vision during a recent retail gathering, emphasising a Japan-inspired makeover aimed at revitalising the small-store format. This annou ..read more
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Setting the Course: Guardrails for Labor’s Landmark Industry Policy
Australian Business Journal » Business and Finance
by News Desk
6d ago
Treasurer Jim Chalmers is set to unveil the guiding principles for Labor’s pioneering industry policy on Wednesday, marking a significant milestone in Australia’s economic trajectory. This announcement comes hot on the heels of the government’s injection of fresh equity into a Silicon Valley-based tech start-up, underlining a commitment to innovation and growth. Amidst global economic turbulence exacerbated by the pandemic and geopolitical shifts, Australia, like many nations, is redefining its industrial landscape. In April, the Albanese administration launched the Future Made in Australia p ..read more
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Federal Budget Promises Debt Relief for Students and Graduates in Key Fields like Teaching and Nursing
Australian Business Journal » Business and Finance
by News Desk
1w ago
Students and recent graduates face mounting financial burdens as they navigate their educational journey, with debts often ballooning to overwhelming proportions. Particularly for those pursuing careers in fields like teaching and nursing, the challenges can be exacerbated by the necessity of placements and practical experiences integral to their training. However, relief may be on the horizon as Treasurer Jim Chalmers hinted at forthcoming measures aimed at alleviating these financial strains in the upcoming federal budget. Speaking to reporters in Canberra, Dr Chalmers acknowledged the pres ..read more
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