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Summer crop area dips 3%

Sowing area under summer crops — rice, pulses, millets and oilseeds — was down 3% on year at 6.99 million hectares (MH) on Friday, according to agriculture ministry data. The areas under rice and oilseeds (groundnut, sunflower and sesame)…

Bleak China revelation very bad news for Aus

Three red flags indicate the global economy is in even worse shape than expected, leaving Australia well and truly exposed.In recent weeks, there has been widespread panic about the US debt ceiling crisis, with the world’s biggest economy…

Bank’s big move as mortgage cliff looms

Westpac will lower the stress test for homeowners looking to refinance in a bid to help borrowers avoid “mortgage prison”.Nearly 900,000 Australians who secured record low interest rates on a fixed term mortgage during the Covid-19 pandemic…