Business & Financial News – churchtimes.info

At Close of Business podcast July 8 2025
Claire Tyrrell and Ella Loneragan discuss the shortage of staff accommodation facilities in regional WA.
Aussie shares finish flat after RBA’s shock rates call
The local share market has finished about where it began after gyrating between positive and negative territory before and after the Reserve Bank's surprise decision on interest rates.
Dept recoups $1m of workers’ underpayment
Industrial inspectors have recovered more than $1 million for underpaid workers, a state department claims.
Opinion: Aukus review could tighten the screw
OPINION: The appointment of an Aukus antagonist to head a US review of the program will have major implications here.
East Perth former gym building sold
The East Parade property is set to be converted into an education facility after local investors bought it for $3.35 million.
Opinion: ESG a principled approach for power
OPINION: Power producers have been early adopters of ESG practices and the ROI is clear.
Floating facility a sign the tide is turning for Broome
Broome’s $225 million floating port signals a new era for local trade, tourism and industry.
Arrow remains unclear about Guinea status, with no formal correspondance from government forthcoming
Arrow Minerals boss David Flanagan says the junior has yet to be formally advised by the Guinean government in relation its tenement status within the country.
AC Milan relishing 'enthusiasm' and 'warmth' of WA fanbase later this month
ANALYSIS: AC Milan chief operating officer Maikel Oettle has provided insight into the club's upcoming Perth trip, talk of a proposed Serie A home game in WA and key off-pitch initiatives.
Crown suitable to hold licence: Papalia
Paul Papalia says he's confident steps taken by Crown Perth to address money laundering concerns have been adequate, and revealed no further penalties would be imposed.

New Council of Economic Advisors report finds tariffs not causing inflation
A new report from the Council of Economic Advisors found that the prices of imported goods have fallen this year and have declined faster than overall goods prices since February.
Amazon Prime Day kicks off massive summer discount season: How are Walmart and Target competing?
Amazon Prime Day officially got underway Tuesday, with the summer sales event slated to last through July 11. Competitors Target and Walmart are also holding multi-day sales events.
How does the 'big, beautiful bill' help middle-class taxpayers?
The One Big Beautiful Bill Act extends Trump's expiring tax cuts and adds new deductions for middle-class Americans, including relief for tipped workers, overtime pay and retirees.
Anti-theft measures at CVS are 'worse for business than organized shoplifting,' columnist argues
With CVS implementing security measures against theft, columnist Matt Bai suggested these tactics are ruining the shopping experience and driving customers online.
Kevin O'Leary warns of NYC mayoral candidate's economic agenda: 'The money just leaves'
O’Leary Ventures Chairman and "Shark Tank" investor Kevin O’Leary voiced sharp criticism of New York City mayoral candidate Zohran Mamdani’s policies during a recent Fox News appear…
American-born workers see significant job gains as foreign-born employment drops
The number of U.S.-born workers increased by more than 800,000 from May to June, and is also over 2 million higher than when the second Trump administration began in January.
Trump's Energy Department warns Americans could face 800 hours of blackouts by 2030
The Energy Department released a report finding that blackouts could rise over the course of the decade as existing power sources are retired and are replaced by less reliable sources.
Trump's $5 trillion debt ceiling strategy could force Democrats to the negotiating table
Failing to raise the debt limit before the Treasury runs out of cash could trigger further credit downgrades and roil financial markets. In short, Republicans and Democrats want to avoid a U.S. gov…
Trump threatens additional 10% tariffs on 'anti-American' BRICS nations
Trump announces plans for 10% tariff on BRICS alliance members, calling them "anti-American" while the bloc criticizes unilateral tariffs and attacks on nuclear facilities.
Chuck E. Cheese launches new arcade for adults in 10 states
Chuck E. Cheese debuts Chuck’s Arcade, a retro-inspired adult arcade with classics such as Donkey Kong. It is now open in 10 malls across eight states.

Auto component industry seeks national strategy on critical materials amid rare magnet shortage
China has mandated special export licences for seven rare earth elements and related magnets
VinFast partners with RoadGrid for EV charging, servicing in India
As VinFast prepares for its product launch in India, the company is laying groundwork to ensure nationwide accessibility, reliability, and convenience for its customers, it said
India reports first decline in power demand since the pandemic
Demand fell to 445.8 billion kilowatt hours in the period, according to data from the government’s Central Electricity Authority
IndiGo flight returns mid-air due to technical snag; 6E 7295 cancelled after priority landing
The flight to Raipur returned to Indore shortly after take-off
Trump says US close to trade deal with India amid tariffs on 14 nations
Capex growth will resume as infrastructure E&C firms see an uptick in order pipeline: Report
However, key sectors in the infrastructure domain have entered a period of muted tendering activities in FY24 and FY25, the report said
Only Odisha clocks over 14% annual growth in the first 8 years of GST
Experts pointed out that GST, being a destination-based tax, tends to generate higher revenues in States with large urban populations and high consumer spending
Rupee rises 26 paise to close at 85.68 against US dollar
At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar and traded in a narrow range of 85.64-85.80 before settling at 85.68
What is the status of Trump’s reciprocal tariffs and their shifting deadlines
The US has already postponed imposition of tariffs to August 1, from July 9, for countries that have been sent tariff letters
India aims to import about 10% of its cooking gas from US from 2026, say sources
The world's third biggest oil importer and consumer relies heavily on Middle Eastern producers of liquefied petroleum gas (LPG), with more than 90% of its roughly 20.5 million metric tons of import…

Private electricity producers to bypass IEC
Private producers will be allowed to sell electricity directly to private suppliers who will be able to offer bigger discounts to consumers.
Now's the time to buy the dollar? Think twice
The shekel's steep appreciation has many pondering higher dollar exposure, but the experts are not convinced.
BoI sells dollars for first time in nearly two years
The sale in June was small, and targeted at restraining the sudden depreciation of the shekel in the immediate aftermath of Israel's strike on Iran.
Moody's maintains Israel rating, negative outlook
The rating agency sees geopolitical risks for Israel remaining high, and says that the impact of the war on the country's economy and fiscal position could turn out to be worse than currently estim…
Bank of Israel Governor warns on need for tax hikes
Prof. Amir Yaron warns that the government will need to find budgetary sources for the Ministry of Defense's needs.