sick bank

Australia’s banking system has become so concentrated its major banks can pass on costs and set prices to boost profits without fear of losing market share, through every stage of the economic cycle, the Productivity Commission has found.

Dick Smith has laid the blame for closing his Australian-made processed food lines squarely at the feet of Aldi Australia.

ERIC ZUESSE 

The Trump administration will borrow about $769 billion before the end of the year. Critics say it’s all about the tax cuts.

MOSCOW (Sputnik) - European Commission President Jean-Claude Juncker used bright flashcards to deliver his message to US President Donald Trump during the EU-US trade talks, media reported.

The proposed Nine Entertainment Co’s takeover of Fairfax would be a disaster for journalism and for Australia. 

The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year.

International diplomacy is changing fast.