Business
The economy
Analysis
Inside China
China’s new money man once fixed a crisis. He may need to again
The appointment of Pan Gongshen comes at a delicate time for China. But he is used to solving big problems.
- by Keith Bradsher
Latest
Not the ‘Australian way’: EY review reveals racism, bullying and overwork at consulting firm
An independent review of EY’s workplace culture, following the death of an employee last year at its Sydney office, has revealed the extent of racism and sexual harassment at the consulting firm.
- by Colin Kruger
Opinion
Global economy
The US just left Australia and the rest of the world hanging
There are two big questions that the US Federal Reserve didn’t answer. It means interest rates might stay higher for longer than we feared.
- by Stephen Bartholomeusz
Fed raises interest rates to 22-year high, leaves door open for more hikes
Chair Jerome Powell hoses down recession talk but says further rates will be a ‘meeting-by-meeting’ decision as the US keeps up its inflation fight.
- by Steve Matthews
Opinion
Inflation
Pocket of resistance: Why it’s too early to celebrate on inflation
There remain some economists who believe the Reserve Bank has one interest rate bullet to fire.
- by Elizabeth Knight
Opinion
Inside China
China abandons Xi’s policies as alarm bells start to ring
China is starting to realise that Xi Jinping’s abrupt policy shifts may not have been such good things after all.
- by Stephen Bartholomeusz
Opinion
Wellbeing
Wellbeing? Measure what matters, then start fixing it
They say what gets measured gets managed, but until what we know affects what our governments do, it’s just box-ticking.
- by Ross Gittins
Opinion
Federal budget
Beating inflation shouldn’t just be left to higher interest rates
It’s time we had another think about a decision we made in the late 1970s to shift the primary responsibility for managing the macroeconomy from fiscal policy to monetary policy.
- by Ross Gittins
Opinion
Commonwealth Games
COVID spending makes bread and circuses too costly for Andrews
If there isn’t a political price to be paid for the Commonwealth Games about-face at the next Victorian election, it really will prove Andrews’ invincibility.
- by Ross Gittins
Opinion
Jobs
We reached the spending cliff – but the jobs cliff awaits
Conventionally, a slowdown in the economy would have triggered companies to shed staff, but convention is being challenged by a counter-trend – staff hoarding.
- by Elizabeth Knight
A $700b corporate-debt storm is building over the global economy
Corporate bankruptcies are starting to make landfall across the world now that the era of easy money is over.
- by Jeremy Hill and Lucca De Paoli