Business News
Gap between Melbourne’s have and have not suburbs yawns wider – Sydney Morning Herald
Median and average incomes in Melbourne’s best-off suburbs has grown much faster over recent years than those in poorer and middle suburbs.
Yet among the 10 suburbs with the lowest median incomes a different story played out. These 10, including the city centre, St Albans and Box Hill, saw an increase of just 2.2 per cent.
But this masked some major falls with the worst hit, Clayton, having its median income drop almost $2500 to $32,728.
Wages as measured by the Australian Bureau of Statistics increased by 9.6 per cent across Victoria over the period.
Middle suburbs have also failed to keep up with the income growth being enjoyed…
Shares were higher by about 0.6 per cent on the Australian market after US markets closed higher on good earnings reports and anticipation of more economic stimulus from the government.
The S&P/ASX200 benchmark index was higher by 37.0 points, or 0.62 per cent, at 6038.3 points at 1200 AEST on Thursday.
The All Ordinaries index was higher by 40.1 points, or 0.65 per cent, at 6176.0.
The market appeared to have eased since Prime Minister Scott Morrison at 1130…
AMP Australia chief executive Alex Wade has resigned a week after the financial services giant announced its first-half profits had halved.
AMP accepted his resignation with immediate effect.
Blair Vernon from New Zealand Wealth Management will act as head of the Australian division while a replacement is found.
“I’m pleased we are able to call on an experienced executive in Blair Vernon to lead this team and continue to drive our strategy forward,” AMP…
Business News
Girl, 6, chokes on face mask ‘cooked inside McDonald’s chicken nuggets’ – 7NEWS.com.au
‘We have just come out of a pandemic and there is a face mask in my child’s chicken nugget,’ the girl’s horrified mother said.
McDonalds has apologised to a mother who claims her six-year-old daughter choked on a face mask that had been cooked inside her chicken nuggets.
Laura Arber, from Hampshire in the UK, said her daughter Maddie could have died.
The mother of four said two nuggets from a box of 20 contained the blue material.
My little daughter just started choking and I put my fingers down her throat to loop it out (and) there was just blue with the sick, Metro UK reported.
I thought, what on earth is this?
I…
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