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The Latest Breaking News from John Gunn

Buy now, pay later companies on the brink as bad debts and interest rates rise

Buy now, pay later is a popular payment method, but the sector is facing a perfect storm of rising interest rates, bad debts, a crowded marketplace and looming regulation.

ABC News

Market sell-off a 'real downturn' and risk of global recession close to 50-50, analyst warns

The Australian share market has dropped by more than 15 per cent from its record high, sliding closer towards a bear market. Some investors may be tempted to "buy the dip", but analysts say there is "further downside" ahead.

ABC News

Reserve Bank governor Philip Lowe warns it is unclear how high interest rates will go

Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest of this year, conceding he is not sure how high they might go.

ABC News

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ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again

There are fears we could be on the verge of another global recession and investors are spooked.

ABC News

Labor government urged to drop prosecutions against whistleblowers and ramp up protections

As the Albanese government works on getting legislation ready for its highly anticipated corruption watchdog, calls are growing for it to boost protections for whistleblowers and drop criminal prosecutions against Richard Boyle, David McBride and Bernard Collaery, and to advocate for Julian Assange.

ABC News

One in two LGBTQIA+ people report discrimination or exclusion in insurance

A new national survey of LGBTQIA+ people has found almost one in two have experienced discrimination or exclusion when applying for insurance.

ABC News

Labor, Greens look set to push businesses to adopt tougher emission targets

The future of Australia's biggest emitters looks uncertain under the new Labor government, with the Greens and climate change-focused independents set to have a loud voice in parliament.

ABC News

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Legal centres and employer groups call for better protections for migrant workers

A national coalition of legal centres and non-government organisations is calling for better protections to protect migrant workers on temporary visas from being exploited by bosses, in a move backed by the small business council.

ABC News

Regional Australia Institute calls on policymakers to diversify responses to housing crisis

The institute identifies regional housing markets that are failing and stagnant, and offers solutions to the crisis.

ABC News

Northern Tasmania needs more people, and businesses want government help to get them

Businesses in the marginal Liberal seats of Bass and Braddon want help getting people to the island. They also need somewhere to live.

ABC News

With high prices and soaring rents, what are political parties promising to do about housing?

In an election campaign largely centred around the cost of living, the spiralling cost of the single-biggest expense for most households — housing — is a key focus for policy. Here's what's being promised.

ABC News

Selling old clothes is a $175 billion industry. Now brands that make the garments want a cut

Second-hand clothing has emerged as a $175 billion global business. Now the brands that make the clothes being re-sold want a cut of the action.

ABC News

Businesses in the Hunter want more from politicians than a fear campaign about job losses in the coal industry

Australia's transition to a clean energy future will be a key federal election issue as the corporate owners of the nation’s biggest coal-fired power stations walk away from fossil fuels. Businesses in the Hunter want politicians to back future industries.

ABC News

Did ASIC just kill the 'finfluencer'? Corporate regulator cracks down on unlicensed advisers

Social media content creators known as "finfluencers" are hugely popular with young people, but they could end up in jail if they don't shut down.

ABC News

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ABC News

This teenager says Subway ripped her off, and she's taking her fight to the Fair Work Commission

When international student Carla asked why she hadn't been paid, she was sacked. A parliamentary committee says wage theft in Australia is widespread.

ABC News

What you should know before you apply for the budget's First Home Guarantee

The budget has increased the number of government-guaranteed loans available for first home buyers. But what are the pros, cons and potential risks of the scheme?

ABC News

Mortgage stress set to rise with interest rates and recent home buyers will be hit hardest

Interest rates are rising overseas and Australia is almost certain to follow soon. But are borrowers prepared for higher repayments as record low mortgage rates disappear?

ABC News

Economy bounces back from Delta lockdowns with strong growth at the end of 2021

Australia's economy just posted its equal-best quarter of economic growth in nearly 46 years as it bounced back from the east-coast Delta lockdowns. But not everyone is cheering, with rising costs and supply shortages still hitting many businesses and consumers.

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ABC News

Two years into the COVID-19 crisis, why are some businesses thriving while others still struggle?

The Omicron COVID wave is hitting some Australian business owners who were hoping for a fresh start in 2022. But many are beating the pandemic odds, and thriving.

ABC News

House price surge continuing in 2022, CoreLogic's January housing figures reveal

The typical Australian home owner has became more than $130,000 richer on paper over the past year, and there are few signs yet that the real estate boom is about to end, much to the concern of aspiring home buyers.

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