Finance

Bleary eyes and the odd hangover aren't the only headaches facing Australian business owners, as the unlikely success of the national men's team has sparked calls for a new public holiday.

The deal will mean tariffs on 85% of Australian exports to India will be eliminated and a separate category of local exports (5%) will have costs revised down.

There are few fraud victims while markets are green, but during a global economic downturn, misdeeds and subterfuge rise to the surface.

According to Shopify data released over the weekend, Australia made $4.97 billion in global sales for Black Friday — a 17% increase from the corresponding period in 2021.

The Australian Banking Association’s 2022 SME Lending Report also found the number of SMEs expanded across Australia despite the difficult economic conditions.

Professor John Thwaites will chair the expert members, who include chief scientist Dr Cathy Foley and CSIRO boss Dr Larry Marshall.

The Six Cities Region spans the Lower Hunter and Greater Newcastle City, Central Coast City, Illawarra-Shoalhaven City, Western Parkland City, Central River City and Eastern Harbour City.

Reserve Bank governor Philip Lowe also says inflation will hover above 3% in two years.

Australia's unemployment rate is heading lower. Yet while typically good news, it's a sign inflation is still struggling to be tamed.

The annual gross state product accounts from the Australian Bureau of Statistics record the equivalent of gross domestic product.

A select group of small business owners will tonight share an audience with federal lawmakers in Canberra, as rising costs, staff shortages, and troubling Christmas spending forecasts heap pressure on the sector.

Australian consumer confidence has fallen to levels not seen since the dawn of COVID-19 lockdowns and the depths of Global Financial Crisis despair, Westpac says.