Commonwealth Bank executive Clare Morgan has warned wage increases could hurt small businesses already dealing with high inflation and rising interest rates but remains confident the sector is set for growth. Morgan, who is CBA’s small business general manager and executive, said while cost of living pressures had been topical during the federal election campaign wage increases would likely put […]

FILE PHOTO: People wearing protective face masks walk amid concerns over the new coronavirus disease (COVID-19) in front of Pyongyang Station in Pyongyang, North Korea April 27, 2020, in this photo released by Kyodo.SEOUL (Reuters) -North Korean leader Kim Jong Un slammed his country’s response to its first officially confirmed COVID-19 outbreak as “immature,” accusing government officials of inadequacies and […]

MARIUPOL, Ukraine (Reuters) – More than 250 Ukrainian fighters surrendered to Russian forces at the Azovstal steelworks in Mariupol after weeks of desperate resistance, bringing an end to the most devastating siege of Russia’s war in Ukraine and allowing President Vladimir Putin to claim a rare victory in his faltering campaign.A bus carrying wounded service members of Ukrainian forces from […]

FILE PHOTO: People wearing protective masks walk through a platform of a train station during the afternoon rush hours as the Omicron variant continues to spread, amid the coronavirus disease (COVID-19) pandemic, in Jakarta, Indonesia, January 3, 2022. REUTERS/Willy Kurniawan/File PhotoJAKARTA (Reuters) – Indonesia will drop requirements for people to mask up outdoors and for vaccinated travellers to show negative […]

The convulsions and implosions in the crypto universe are galvanising regulators and legislators around the world, almost ensuring that “something” will be done to draw at least some crypto assets into conventional regulatory nets. What that something might be is widely open for debate, with regulators torn between competing arguments for protecting consumers and financial stability and the potential for […]

WASHINGTON (Reuters) -The United States will allow baby formula imports from foreign makers that do not usually sell their products here, the Food and Drug Administration said on Monday, as it tries to ease a nationwide shortage that has left parents scrambling to feed their babies.FILE PHOTO: Empty shelves show a shortage of baby formula at CVS in San Antonio, […]

Aussie Home Loans founder John Symond has backed a Coalition plan to let people use their superannuation to get into the property market, playing down concerns the policy would simply push house prices even higher. As the big banks largely steered clear of the political debate over the government’s proposed changes on Monday, mortgage brokers said the policy would make […]

FILE PHOTO: A “Vote” sign is pictured on election day in the Manhattan borough of New York City, New York, U.S., November 2, 2021. REUTERS/Carlo Allegri(Reuters) – A court-appointed expert released a draft New York congressional district map on Monday that is far less favorable to Democrats than the original plan adopted by lawmakers, likely dealing a blow to the […]