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Economy

Regional Australians turn to financial support amid cost of living

The Wire / By

Low-income earners in regional Australia are increasingly turning for help to pay for basics amid the worsening cost of living crisis. Welfare agencies that provide No Interest Loans are turning people away amid unprecedented calls for help. The scheme allows people to borrow up to two thousand dollars for essential items or housing related expenses, …

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Argentine President gets little change from currency swap

The Wire / By

Argentina’s Libertarian President, Javier Milei, is close to replacing the Peso with the US Greenback. Calling the Argentine Peso a ‘museum piece,’ Milei believes hard economic shock therapy and adopting the US dollar will calm one of the most volatile economies in the world. The government’s plan to adopt the dollar, privatize key industries and …

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Construction sector collapse brings economic uncertainty

The Wire / By

Designer Projects Victoria is the latest construction in what is an ongoing series of company liquidations across Australia. This has raised questions over the construction sector and how it could negatively impact the economy. Abhranil Hazra speaks with Professor Peter Swan who teaches Finance in UNSW Business School to find out why so many companies …

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Insurance premiums have recently seen a spike

The Wire / By

Insurance services have recently seen an increase this year compared to other industries. Consumer advocacy group Choice says 29 providers raised their premium by 3.03 per cent early this year. With premiums rising so highly, Australians now question whether they should cancel their insurance. Image: Image from Cloudfront Produced By: Daniel Sedlarevic Featured In Story: …

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First Nations travel business win Queensland Reconciliation awards

The Wire / By

This week, the Queensland Reconciliation Awards were hosted in Cairns, acknowledging the work of the Aboriginal and Torres Strait Islander community across the state. The Mandingalbay Authentic Indigenous Tours took out Business category, offering sustainable and culturally safe tours. They were one of the six winners in this year’s edition. The Wire’s Eduardo Jordan asked …

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ATO Debt Resurrection antics wreaks havoc on the Vulnerable

The Wire / By

The Australian Tax Office (ATO) is set to recover $15 billion owed from 1.8 million entities under its’ controversial ‘robotax’ scheme. Under the scheme, many taxpayers have been chased for old debts that were previously ‘written off’. Additionally, The Inspector General and Taxation Ombudsman, Karen Payne, said the ATO overlooks its discretionary and remedial powers …

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