Australia
Economy

Australia’s central bank warns of inflation risks, pain ahead for households

The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to inflation are on the upside and households should brace for the pain ahead. Appearing before lawmakers, Reserve Bank of Australia Governor Philip Lowe […]

commercial real estate
Commercial Real Estate

Elon Musk warns house prices are set to plunge – and says commercial real estate is in meltdown

Brace for the intense pressure on commercial real estate to spread to house prices, Elon Musk says. “Commercial real estate is melting down fast. Home values next,” the tech billionaire tweeted. Investors are worried about […]