Finance

Australian manufacturing group Hiro Brands enters voluntary administration leaving staff without work

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Australian manufacturing group Hiro Brands enters voluntary administration leaving staff without work

Australian brand manufacturer Hiro Brands has entered voluntary administration, leaving 120 staff without work. The brand, responsible for a range of well-known Australian products including cleaning, personal care and cosmetics products, entered administration on January 2. Hiro Brands manufactures, distributes and markets popular brands including Organic Choice, Orange Power, Aware Sensitive, Trix, ulta3, MUD, Billie … Read more

Accord And CR-V Hybrids Made Up 25 Percent Of Honda’s Total 2023 Sales

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Accord And CR-V Hybrids Made Up 25 Percent Of Honda’s Total 2023 Sales

Photo: Honda After discontinuing the Civic-based Insight following the 2023 model year, Honda has been left with just two hybrid models on sale, the Accord and the CR-V. Despite the lack of model variety, it turns out those two remaining hybrids are a huge boon for Honda, as they both made up 25 percent of … Read more

Anthony Albanese flags cost of living relief for struggling Aussies ‘taking pressure off inflation’

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Anthony Albanese flags cost of living relief for struggling Aussies ‘taking pressure off inflation’

Prime Minister Anthony Albanese has flagged new cost of living measures for struggling families in this year’s budget. Albanese said he remains “very positive” as we enter 2024. “Our priority will be to provide cost of living relief while taking pressure off inflation,” he said at a press conference in Sydney. “I have asked Treasury … Read more

Tesla Isn’t Saying How Many Cybertrucks It Built In 2023

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Tesla Isn’t Saying How Many Cybertrucks It Built In 2023

Photo: Tesla The first weeks of January are always full of number crunching, as automakers start putting out their sales results for the fourth quarter and the previous year as a whole. Tesla is one of the first to release Q4 2023 numbers, announcing that in 2023 it produced 1,845,985 vehicles and delivered 1,808,581 — … Read more

Your New EV Is Even More Expensive Now

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Your New EV Is Even More Expensive Now

Happy Tuesday! It’s January 2, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Rivian Recalls Nearly Every Car It Has Built 1st Gear: EVs In The U.S. Just Got More … Read more

Housing market Australia: CoreLogic data shows home values up in 2023 but affordability rears its head

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Housing market Australia: CoreLogic data shows home values up in 2023 but affordability rears its head

Another month of convincing home price growth in Perth, Brisbane and Adelaide has been recorded as poor affordability keeps the two biggest capital city markets in check. Dwelling values across the three smaller cities have been rising by about one per cent a month since May, based on analysis of CoreLogic’s home value index. Nationally, … Read more

Centrelink payments including Youth Allowance, disability pension and Austudy increase with indexation from start of new year

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Centrelink payments including Youth Allowance, disability pension and Austudy increase with indexation from start of new year

Almost one million Australians will see an increase to their welfare support payments with the start of a new calendar year. More than 936,000 people receiving youth, student or carer support will see a 6 per cent boost to their payments with indexation taking effect from January 1. The payments’ routine indexation happens annually in … Read more

Cost of living relief for low and middle income earners under consideration for new year

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Cost of living relief for low and middle income earners under consideration for new year

Anthony Albanese has flagged further cost of living relief measures for lower and middle income earners in the new year. The prime minister said he remained “hopeful and optimistic” about Australia’s economic conditions in 2024. He pointed to falling inflation, jobs growth and wages increasing. Watch the latest news and stream for free on 7plus … Read more

Car Depreciation Has Slowed Dramatically

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Car Depreciation Has Slowed Dramatically

Photo: Scott Olson (Getty Images) If you’re in the market for a car but have hesitated on actually buying something brand new because you’ve heard how quickly a new car loses value, then you’ll be interested in a new CNBC report: New cars are actually depreciating at a much slower rate than in the past. … Read more

VinFast Has Officially Entered The Dealer Game

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VinFast Has Officially Entered The Dealer Game

Happy Wednesday! It’s December 27, 2023, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. 1st Gear: VinFast Has A Dealership Now Most modern automakers are eyeing the direct-to-consumer route for selling … Read more