Peter Malinauskas compares spending $45 million to redevelop the North Adelaide golf course to similar funding for the AFL to play in the Barossa Valley, as media reports suggest Saudi Arabia's Public Investment Fund is preparing to pull financial support for LIV Golf.
Two XPeng electric vehicle buyers in Australia are awaiting a promised $5,000 cashback from distributor TrueEV, which is now in receivership. XPeng Australia has stated it will resolve customer issues directly.
KPMG senior economist Terry Rawnsley's analysis of ABS data indicates Australian households have faced tougher economic conditions in the past two years than during the extreme financial pain of the late 1980s and early 1990s, with Victorian households bearing the highest interest burden.
KPMG economist Terry Rawnsley's analysis of ABS data suggests Australian households have faced tougher interest rate conditions in the past two years than during the 1989-90 period of 17.5% cash rates. Victorian households currently bear the highest interest burden due to increased home ownership.
Two XPeng electric vehicle buyers in Melbourne are still waiting for a promised $5,000 cashback from distributor TrueEV, which has since gone into receivership. XPeng Australia is now dealing directly with customers to resolve the issue.
Australia faces economic pressures from inflation, high interest rates, and slowing demand, increasing public expectation for government support. Businesses report negative impacts from fuel prices, delaying investments and reducing workforces. An economist argues for realistic government intervention and greater entrepreneurial spirit.
Australia's booming datacentre sector faces scrutiny from Transport for NSW and the Reserve Bank over its impact on industrial land availability for logistics, housing development, and inflation. Calls for a national pause are growing amidst concerns about rising costs, emissions, and strain on infrastructure.
