Stay up to date on the impression of the pandemic recession, because the financial shocks proceed to reverberate from the Victorian shutdown and the value of closed borders and social distancing measures. This week’s National Accounts present the economy rising solidly. But the expansion is principally benefiting companies, particularly mining companies, while workers’ wages fall further behind. A firm is hoping to refloat plans to tap into offshore fuel provides 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, in search of to win again entry to its 20 per cent share of the alumina produced at a collectively owned refiner in Gladstone.
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