Headteachers say families will struggle after another rise in school dinner prices

Amid job cuts at Qantas, Canva and Nab, the R-word is back in circulation. Is there anything the government can do? The acknowledgment last week by Michele Bullock, the governor of the Reserve Bank of Australia, that the cumulative effect of this year’s five increases in interest rates “is going to make people feel like it’s a recession” has put the R-word back into circulation. It comes as Qantas becomes the third major Australian company in three weeks to announce large-scale job cuts, followi

The Australian airline said the move was aimed at modernising its IT systems and noted the impact of AI.

Australian carrier announces agreement with Accenture amid ‘unprecedented’ technological disruption, CEO Vanessa Hudson says Qantas is preparing to cut 850 local jobs and outsource work offshore under an AI-driven overhaul, marking a growing wave of disruption to the Australian workforce. The changes represent the third major corporate layoff plan announced in Australia in three weeks, after restructuring moves flagged by design company Canva and National Australia Bank. Continue reading...

Total UK retail sales increased by 1.5% year on year, although this was above the three-month average growth of 1.2%, according to the BRC and KPMG.