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Mark McDuffie

‘Consumer’ recession forecast for 2023 following Australia’s ‘weakest’ rate of economic growth

by Mark McDuffie
‘Consumer’ recession forecast for 2023 following Australia’s ‘weakest’ rate of economic growth

Australians are being warned the country’s economy is on a “knife-edge“ after the Reserve Bank of Australia’s string of interest rate hikes, with a “consumer recession” predicted for 2023. The …

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RBI governor-headed FSDC-SC resolves to remain vigilant against external vulnerabilities

by Mark McDuffie
RBI governor-headed FSDC-SC resolves to remain vigilant against external vulnerabilities

RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well …

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Avon owner Natura & Co considers sale of The Body Shop

by Mark McDuffie
Avon owner Natura & Co considers sale of The Body Shop

Roberto Machado Noa | LightRocket | Getty Images Brazilian beauty conglomerate Natura & Co is considering a sale of The Body Shop after the skin care and cosmetics line saw …

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Porter Ranch residents demand closure of gas facility after leak

by Mark McDuffie
Porter Ranch residents demand closure of gas facility after leak

LOS ANGELES (NewsNation) — Residents living near the location of the largest gas leak in U.S. history are fighting the California Public Utilities Commission’s decision to permit the company responsible …

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ATO hit list: Expert predicts what the tax office will crack down on at the end of this financial year

by Mark McDuffie
ATO hit list: Expert predicts what the tax office will crack down on at the end of this financial year

This tax season, the Australian Taxation Office is expected to crack down on two main areas: work-related expenses and claims made by investment property owners. The ATO estimates there is …

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piramal enterprises share price: Piramal Enterprises share buyback to open on August 31. Check details

by Mark McDuffie
piramal enterprises share price: Piramal Enterprises share buyback to open on August 31. Check details

The share buyback of Piramal Enterprises will kick-off on August 31 and the closing date is September 6. The company’s board had earlier approved a buyback of shares worth up …

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Flights disrupted across UK as air traffic control reports a ‘technical issue’

by Mark McDuffie
Flights disrupted across UK as air traffic control reports a ‘technical issue’

Virgin Atlantic Airways Airbus A350-1000 aircraft seen taxiing in front of the air traffic control tower at London Heathrow airport in U.K. Nurphoto | Nurphoto | Getty Images The U.K.’s …

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Nearly 5K pilots forged medical records to fly, FAA says

by Mark McDuffie
Nearly 5K pilots forged medical records to fly, FAA says

(NewsNation) — Nearly 5,000 pilots licensed to operate in the U.S. were investigated for allegedly falsifying medical records to hide conditions that could deem them unfit to fly, according to the …

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APRA superannuation fund heatmap reveals dud products ‘significantly underperforming’

by Mark McDuffie
APRA superannuation fund heatmap reveals dud products ‘significantly underperforming’

Australians are being urged to check their superannuation, with many staying in dud funds with high fees and lacklustre returns, according to the industry regulator. One-in-five “Choice” super funds — …

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income tax open old cases: After new directives, Income Tax department may reopen a large number of past cases

by Mark McDuffie
income tax open old cases: After new directives, Income Tax department may reopen a large number of past cases

In line with a Supreme Court (SC) order issued in April, the Central Board of Direct Taxes (CBDT) has sent comprehensive directives to tax officials concerning the reopening of past …

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