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Showing 381 - 390 of 3117 results for "Crisis"

Budget boosts female participation

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... reverts to its pre-COVID-19 record high. Australian women made up the majority of those who lost their jobs during this crisis, he said, noting that females and young workers suffered most acutely in the earlier stages of the pandemic. Between May and ...

Frydenberg bets on infrastructure for recovery

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
... 100,000 jobs on worksites across the country today," he said. "Together with what we have announced since the start of the crisis, measures in this Budget will see $14 billion in new and accelerated infrastructure projects support a further 40,000 jobs." ...

Frydenberg focusses on jobs, jobs, jobs

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... in real terms from the $196 billion spend last year. The social security spending is largely in response to the COVID-19 crisis, with the government predicting that spending will decrease to the $200 billion level in 2021-2022. The government's economic ...

NAB recruits 500 in hiring spree

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... recruitment of 52 people to support NAB's private bank and 400 recruits hired to support customers struggling during the COVID-19 crisis. The bank said the investment in its business and private banking team would help grow the franchise, and would also ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... future governments to hike taxes or cut the pension. "While the scheme helped get funds to people who needed them during the crisis, the limited checking of applications signals many in Canberra also viewed the scheme as a useful economic stimulus," ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... banks and their shareholders to increasing levels of climate risk, it's also undermining our chances of keeping the climate crisis under control." Commonwealth Bank came out unscathed allowing room for an ongoing shareholder resolution regarding climate ...

Calls for aged care overhaul

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... the solution," Duckett said. "The horror stories from the Royal Commission into aged care and from the COVID-19 aged care crisis have to stop." Duckett called for an increase in spending and an overhaul in regulation to fix the sector, but said the most ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... would have been in a recession (like many other countries including the US, Europe and Japan) during the global financial crisis had it not been for the double-digit growth in China (at the time) and its voracious appetite for our goods and services. ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... reduce the longer-term economic scarring. "Despite our success in cushioning the blow from COVID-19, we know that this crisis will have long-lasting effects on Australia's economy and on our fiscal position," Frydenberg said. "Our economy will be persistently ...

La Trobe completes half billion issuance

ELIZABETH MCARTHUR  |  FRIDAY, 25 SEP 2020
... unclear global investment environment. La Trobe Financial has remained open for business throughout the COVID-19 virus crisis and maintains substantial forward funding capacity alongside $488 million of shock absorber and regulatory capital." La Trobe ...