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Stay up to date on the impact of the pandemic recession, because the financial shocks proceed to reverberate from the Victorian shutdown and the cost of closed borders and social distancing measures. This week’s National Accounts present the economic system growing solidly. But the growth is mainly benefiting companies, particularly mining companies, while staff’ wages fall further Business behind. A firm is hoping to refloat plans to faucet into offshore gasoline supplies between Newcastle and Sydney, after the proposal was sunk by former prime minister Scott Morrison. Russian aluminium producer Rusal has filed a lawsuit in opposition to global miner Rio Tinto, seeking to win back access to its 20 per cent share of the alumina produced at a jointly owned refiner in Gladstone.
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