Australian wage growth holds steady at 3.4%;Australia's Largest Bank Posts Record $10.25 Billion Profit
Good morning! It's Thursday 14 August . This is The Front Cover, your daily portal into Mencari News's universe as well as our interpretation of the global scene.
One of the big stories this morning is that Commonwealth Bank of Australia has reported a record annual profit of $10.25 billion. Australia's wage growth trajectory has hit a turning point, with annual increases steady at 3.4%, but the underlying dynamics reveal a more nuanced story about economic momentum and worker compensation trends across the nation's labour market.
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