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The Australian
 

Good afternoon,

Angry staff at the scandal-plagued Country Road Group have raised concerns about the Australian CEO’s daughter and a family friend being hired for roles at the retailer.

Commonwealth Bank has called out property development and also smaller hospitality and retail businesses as those that may go to the wall in increasing numbers this year, writes Joyce Moullakis.

Households should prepare for two rate hikes this year in an outlier view amid a strong jobs market cost of living relief that could fuel inflation, according to Judo Bank chief economic adviser Warren Hogan.

Perry Williams
Business editor
The markets


Commentary
Why high interest rates are backfiring
By ROBERT GOTTLIEBSEN
Business Columnist
Harry Triguboff phoned me over the weekend to repeat his prediction that higher interest rates will not force inflation down to the RBA’s targets without a recession.
Latest news
Embattled Country Road Group defends hiring CEO’s daughter
Angry staff at the scandal-plagued Country Road Group have raised concerns about the Australian CEO’s daughter and a family friend being hired for roles at the retailer.
By ELI GREENBLAT
Small business shake-out looms for 2024
CBA has called out property development and also smaller hospitality and retail businesses as those that may go to the wall in increasing numbers this year.
By JOYCE MOULLAKIS
Outlier economist predicts two rate hikes this year
A top economist has warned that households should prepare for two rate hikes this year in an outlier view amid a strong jobs market and cost of living relief that could fuel inflation.
By MATT BELL
‘Archaic’: nationwide land tax grab now underway
NSW is set to impose higher land tax costs for property owners – a move that has already helped flatten price growth in Victoria.
By JAMES KIRBY
Former AFL boss takes on Tabcorp ‘transformation’
Ex-AFL chief executive Gillon McLachlan will take up the job at the wagering giant on August 5, and has a big job to turn the business around.
By JOHN STENSHOLT