PRA publishes liquidity reform proposals
The Prudential Regulation Authority has today published proposals aimed at ensuring banks can monetise liquid assets quickly in a fast-paced stress event – such as the collapse of Silicon Valley Bank in 2023.
FEDS Paper: Income Mobility of the Top One Percent
David Splinter and Jeff LarrimoreCirculation into and out of the top one percent is pronounced in the U.S. One third exit after a year and two-thirds exit after a decade. This mobility lowers top income shares when shifting from annual to multi-year income measures. Intragenerational mobility over two decades lowers recent top one percent fiscal income shares by over 10 percent. Two-decade mobility reduces top 0.1% shares by over 20 percent, top 0.01% shares by 30 percent, and top 0.001% shares by 40 percent.
How Australia and NZ rules on plant milks differ from overseas, where cows make the only ‘milk’
Madalyn Cox/UnsplashLast month, the United Kingdom’s Supreme Court determined that plant-based drink maker Oatly could not trademark the phrase “Post Milk Generation” – effectively banning the use of the word “milk” on their cartons.
Even if Australians won an extra week of leave, we’d need to make sure they could take it
Do your holidays always feel too short? Or are you a parent struggling to juggle the demands of school holidays with the leave you’re allowed to take?
On Wednesday, the Australian Council of Trade Unions (ACTU) launched a major push to give working Australians the right to an extra week of annual leave.
Why surging oil prices are a shock for the global economy – but not yet a crisis
Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran.
After oil tanker traffic through a key chokepoint, the Strait of Hormuz, stopped,
the benchmark oil price, Brent crude, jumped about 6% to over US$77 a barrel. It initially spiked as high as US$82, its highest level since January 2025.
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight
Travellers are being advised not to cancel their tickets for flights through the Middle East and check with their airlines, as airspace remains closed indefinitely.
If travellers cancel a ticket, they may lose some of their consumer rights and ability to claim refunds.
AI can slowly shift an organisation’s core principles. How to spot ‘value drift’ early
Getty ImagesThe steady embrace of artificial intelligence (AI) in the public and private sectors in Australia and New Zealand has come
Does ‘free’ shipping really exist? An expert shares the marketing tricks you need to know
Claudio Schwarz/UnsplashYou’re scrolling through an online retailer, like Amazon, Shein or eBay, and spot a shirt on sale for $40. You add it to your cart, but at checkout, a $10 shipping fee suddenly appears. Frustrated, you close the tab.
But what if that same shirt was priced at $50 with “free” shipping? The likelihood that you would have bought it without a second thought is much higher.
What are your options if you can’t afford to repay your mortgage?
Vitaly Gariev/UnsplashAfter just three rate cuts in 2025, interest rates have risen again in Australia this year. It’s unwelcome news for many borrowers – particularly those still struggling with the increasing cost of living.
What regional data tell us about the euro area Phillips curve
Using regional data for 11 euro area countries from 1999 to 2023, instead of country-level data, we find that inflation still responds to economic slack, but this relationship is more modest and largely shaped by inflation expectations. This implies that traditional demand-side central bank policies may have limited direct effects on inflation, highlighting that anchoring expectations is essential for effective monetary policy transmission.
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