Tiger air becomes part of Virgin
Virgin Australia is back in the budget travel business after inking its 60 per cent stake in the newly-rebranded Tigerair Australia.
Virgin Australia is back in the budget travel business after inking its 60 per cent stake in the newly-rebranded Tigerair Australia.
Australia's unemployment rate has jumped to its highest level in more than three years and is expected to rise further, boosting the chances of further interest rate cuts.
Homeowners' chances of scoring further mortgage relief are looking increasingly slim after the Reserve Bank of Australia kept its cash rate on hold for a third straight month.
Australian retailers recorded their strongest January sales growth in six years as increasingly confident consumers headed back to the shops.
An economist believes Australia may face a recession in 2014 unless interest rates and the dollar both fall sharply.