Fri, 4th Jul 2025

In this week's Finance News Wrap, Paige Estritori discusses the steady growth in Australia's online retail industry, with a 0.7% increase in spending last month and a total of $63 billion spent over the past year. She also talks about the Reserve Bank of Australia's plans to cut rates as an effort to increase consumer confidence. Furthermore, Estritori covers the rise of Australia's minimum wage, the increase in superannuation contributions, and new Medicare inclusions for gynaecological services. Internationally, the US dollar declines due to concerns over tariff policies. Locally, David Makowa, an auditor, was deregsitered by ASIC in a case highlighting the importance of compliance and market integrity. Tune in next Friday for conclusions on these topics and more financial news.n