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Australia's first-quarter economic growth misses estimates on severe weather, weak demand

Australia's economy expanded less than expected in the first quarter, as subdued household spending, a pullback in government consumption and severe weather disruptions to mining and exports weighed on growth. The country's GDP expanded 2.5% in the first three months this year, compared to a year earlier, missing economists' expectations for a 2.6% growth, data from the Australian Bureau of Statistics showed Wednesday. On a quarter-on-quarter basis, Australia's GDP grew 0.3% compared with...

CNBC 8d ago

First nonrepeating biological clock discovered in C. elegans guides growth

First nonrepeating biological clock discovered in C. elegans guides growth Andrew Zinin Lead Editor Imagine a train parked at the station. Passengers climb aboard and find their seats. Conductors move up and down the aisles, checking tickets.

Phys.org 3d ago

Korea’s Lee Marks First Year With Vow to Find New Growth Engines

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Bloomberg Technology 3d ago

Emerge Career (YC S22) Is Hiring a Founding Growth Marketer

About the Role We are looking for our first AI-forward growth marketer who wants to outperform entire marketing teams. The engine is already running. You'll inherit real traction and real data, not a blank slate.

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'Stumbling block' charge alert after new Nationwide update

'Stumbling block' charge alert after new Nationwide update One expert said some people should be exempt from the charge Stamp duty is another reason for stuttering house price growth, experts have said, as house prices fell for the first time in 2026 last month. House price growth contracted by 0.6% in May, according to Nationwide in its new update this week, as higher interest rates and energy prices caused by the conflict in Iran finally fed through into the figures, dragging the annual...

Daily Mirror 8d ago

Vanguard fund becomes first ETF to top $1tn in assets

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Financial Times 7d ago

Australia’s GDP figures are meaningless when the boom in datacentres means destroying jobs and the climate | Greg Jericho

In the March quarter Australia’s economy grew 0.3%. But the real issue is what drove that growthGet our breaking news email, free app or daily news podcastThe March GDP figures, not for the first time, showed that the focus on economic growth seems rather foolish when you place it within the context of the climate crisis.

The Guardian Environment 7d ago

Canada in Technical Recession

Canada is in a technical recession, with the economy shrinking by 0.2% in the second quarter of 2023. This is the second consecutive quarter of negative growth, following a 0.1% contraction in the first quarter. The decline is attributed to a decrease in household spending and a slowdown in business investment.

Hacker News 12d ago

A red box for Donald Trump, and eight weeks to make it. Now I really am outraged by the Mandy files | Marina Hyde

I’m not sure any other first world nation would have this problem. Keir Starmer’s promise of growth, growth, growth appears to have shrivelledWe are in the TL;DR days of Keir Starmer’s government. The latest Mandelson files stimulate nothing so much as an old and now immortally memed response to an online screed: “I ain’t reading all that.

The Guardian UK 8d ago