For businesses, investors, and policymakers, the move underscores how fragile large-scale electrification strategies can be when consumer demand, policy alignment, and profitability fail to converge. The company recently announced a multibillion-dollar charge tied to its EV division and confirmed it…
According to official figures, GDP expanded by 1.1 per cent in the September quarter, reversing the 1 per cent contraction recorded in the June quarter. While the rebound is modest, it suggests the economy may be stabilising after a prolonged…
The S&P/ASX 200 jumped 1.2 percent to close at 8552.7, breaking a two-day slump that had wiped billions from local valuations and rattled confidence among investors concerned that tech stocks had surged too far, too fast. Technology companies led the…
According to new data from Statistics Canada, the slowdown aligns with market expectations and reflects significant declines in gas prices, which have remained a major factor in pulling headline inflation lower throughout the year. Gasoline prices dropped sharply compared with…
Associate Justice Minister Nicole McKee has confirmed the exemption will allow 13 banks across the country to share a wider range of information. This move will enable faster detection of fraudulent activity and reduce the likelihood of customer funds disappearing…
New findings from Foodbank Australia reveal a deepening food insecurity crisis, prompting renewed calls for the Federal Government to introduce a National Food Donation Tax Incentive. The Hunger Report shows that food insecurity is no longer confined to low-income households.…
After a major sell-off that wiped out more than NZ$800 billion, US markets rebounded overnight. However, financial experts warn that the turbulence may not be over. For Kiwi investors, the volatility highlights how closely New Zealand’s economy is tied to…
The bank’s latest report warns that the mortgage renewal “payment shock” will peak in 2026. This will occur when a wave of homeowners from the low-interest pandemic years face significantly higher borrowing costs. Overall household credit quality remains strong. Insolvency…
The review found that only a small fraction of people seeking help from CRA call centres received the correct answers to their tax-related questions, while many others faced long wait times and inconsistent guidance. For many Canadians, the CRA is…
After years of flexibility during the pandemic, the department is stepping up efforts to collect overdue payments and close a growing tax debt gap. IR has sent out tens of thousands of notices warning that deductions could be made from…