One of Australia’s top commercial credit reporting bureaus warns that the country’s food and beverage sector is set to see more businesses fail in the new financial year as households tighten their budgets and operating expenses stay high amid mounting cost of living pressures. CreditorWatch’s latest business risk index points to grim business conditions, with…
Food and Beverage Sector Faces Highest Risks of Insolvency: Warns CreditWatch
June 23, 2023
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AustraliaAustralia cost of living crisisAustralian food industryBusiness & MarketsCompanieseconomyinflationinsolvencyrecessionskill shortageWorld
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Struggle to Survive in Australia’s Torres Strait Island ‘Paradise’
February 4, 2023
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aboriginalAboriginal and Torres Strait Islander peoplesAustraliaAustralia cost of living crisisAustralian IndigenousWorld
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The Torres Strait Islands are like a tropical paradise to outsiders but for many Aboriginal Australians, it has more in common with a failed state as they struggle to survive amid the soaring cost of living. Indigenous families are being forced to leave their archipelago homes in Queensland’s north because of a lack of affordable housing…
Christmas Strain Strangles Welfare Groups
Only a fraction of welfare organisations are able to meet soaring demand for help in the lead-in to Christmas. ‘Helping people in need during a cost-of-living crisis, a report from the University of NSW Social Policy Research Centre has found only three per cent of 1470 homelessness, mental health and family violence organisations are always…
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