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Competition

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Businesses are a bit like runners. They do well with some healthy competition.

Businesses, like runners, thrive on competition – at least, most do

It’s not just customers who like to see companies fighting for their money. Many businesses like the rivalry, too.

  • Millie Muroi

Latest

The Federal Court has ruled that Coles misled millions of Australians.

Coles has been caught red-handed. But don’t discount this pricing loophole

The court found that Coles had misled the public. But retailers can get around the ruling by keeping certain information from shoppers.

  • Bea Sherwood
RBA Governor Michele Bullock

RBA needs sharp tools not a rates blunt axe

By increasing interest rates to combat inflation, the Reserve Bank forces families to pay more for mortgages and makes living costs tougher for everyone.

This concept should turn capitalists from top dogs to lapdogs

What economists don’t tell you about how the economy works. Here, I reveal all.

  • Ross Gittins
Sam Woodcock, who appeared as a witness on Thursday to answer questions about his time as the supermarket’s category manager of breakfast cereals, muesli bars and spreads, leaving the Federal Court in Sydney.

Suppliers could cut us off if we don’t hike then cut prices: Woolworths

A senior manager claimed that if the supermarket didn’t comply with supplier requests, it risked losing products from its shelves.

  • Elias Visontay
Coles manager of health products Matthew Hankin (light blue tie), outside federal court on Thursday after appearing a witness in the case brought by the ACCC.

Coles manager admits chain only increased product’s price to claim discount

Matthew Hankin conceded the supermarket giant worked with a supplier to make a product more expensive while still claiming to have discounted it.

  • Elias Visontay and Jessica Yun
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Australia has slipped down the ranks of the most economically competitive countries.

Australians have become less competitive – and we’re paying the price

Tall poppy syndrome and our isolation from the rest of the world might be dampening our growth. It’s time to find our competitive streak.

  • Millie Muroi
The Albanese government will legislate new penalties aimed at protecting consumers from online sales techniques.

Drips and traps: New laws to target dodgy online sales techniques

Almost all Australians buy goods and services online. But many are caught by hard-edge tricks, which are set to face new restrictions.

  • Shane Wright
ASIC is considering giving a listing licence to US giant CBOE.

Watchdog nears decision on letting US giant compete with ASX

The move would pave the way for stock exchange operator Cboe to conduct sharemarket listings of companies in Australia.

  • Clancy Yeates
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Nine new ways to make us richer, safer and happier

Anthony Albanese’s economic roundtable has been inundated with ideas to lift Australians’ living standards. Here are nine that would actually work.

  • Shane Wright