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Infrastructure construction projects in Australia totaling about $55 billion were threatened by labor shortages in the country, Bloomberg writes. All Australian construction companies are faced with the problem of a shortage of about 20-30% of the required qualified personnel for the construction of airports, roads and subways, which can lead to higher cost projects. Against this background, the Central Bank of Australia has already noted an increase in wage growth, which for a long time has been one of the main problems in the country. It is pointed out that the problem with labor shortages can be solved by attracting qualified personnel from abroad and personnel training in the country.
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Oil prices fell on Monday on fears that a continued rise in coronavirus cases could stall fuel demand recovery. Brent crude fell 0.2%, or 10 cents, at $43.04 per barrel. U.S. oil also lost 0.2%, or 6 cents, at $40.53 per barrel. The ...
Australia’s second-largest lender, Westpac Banking Corp. (WBC.AX), announced on Friday that it would pay AUD 8 Million ($5.5 Million) including interest to around 8,000 employees who have underpaid their long service leave entitlements ...
The U.S. economy likely boosted employment at record levels in June as more bars and restaurants resumed operations. Though this would indicate that the virus-driven recession was probably over, an upsurge in new coronavirus cases threatens ...
Australia is set to launch its fourth economic stimulus package aimed at providing eligible residents the opportunity to renovate their homes. The scheme was announced by Prime Minister Scott Morrison on Thursday as the country attempts ...
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