Australia’s biggest KFC operator Collins Foods says it is well prepared to mitigate any supply disruptions from the worsening bird flu outbreak across two States.
The US global media and technology conglomerate behind NBC and Sky has revealed its plans to separate its businesses into two publicly traded companies.
Australia’s economy is tipped to suffer the worst slowdown since 2020, when GDP plunged by 1.1 per cent over a year that included COVID lockdowns that sparked the first recession in 29 years.
Home borrowers have been spared more pain with the Reserve Bank’s monetary policy board unanimously voting to leave rates unchanged for the first time since December, amid an expected end to the Iran war.
The ASX is on track for its best day since April on renewed hopes for a Middle East peace deal, which could deliver normality for global oil and gas supplies.
America’s consumer prices rose at a faster rate for a third-straight month in May, to 4.2 per cent annually, as the energy shock put more pressure on the US economy.
The Reserve Bank is expected to leave rates on hold next week but there are fears inflation is so high it won’t be able to cut rates even if Australia fell into a recession.