AGP Executive Report
Last update: 7 hours agoInflation and Spending: Australian household spending rose 0.6% in September, more than expected, complicating hopes for rate relief. The RBA’s deputy governor says public confidence in its ability to tame inflation is weakening after rates reached an 18-year high of 4.85%. Retail: David Jones has entered voluntary administration, putting its 38 stores and about 6,000 jobs in the hands of administrators as they seek a sale or rescue. Children Online: The government defended its under-16 social media ban in court, arguing restrictions are needed to protect children’s wellbeing. Environment: Researchers have begun a major Great Barrier Reef restoration trial, aiming to deploy up to 120,000 coral-seeding devices. Australia will also help Indonesia fight widespread wildfires with waterbombing operations. Motorsport: Alan Jones, Australia’s 1980 Formula One world champion and winner of 12 Grands Prix, has died aged 80.
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