Here’s everything you need to know in finance today.
“Strong messages and targets alone” won’t address climate change, Australia’s energy minister has said.
"The world needs action to reduce emissions and Australia believes technology is central to achieving this," Angus Taylor told the COP25 summit in Madrid - but the prime minister of Tuvalu, Enele Sopoaga, said Australia had no plan to tackle climate change.
House prices rebound - and the Kouk gets to collect on his bet. Leading economist Stephen Koukoulas bet against Alto Capital’s Tony Locantro about house prices - and he believes he’s won.
House prices have risen solidly, partly reversing two years of decline - and it proves there’s really no wrong time to buy a house.
Risky 2020 policy: Finance commentator Dave Taylor writes the Reserve Bank will likely ramp up its efforts to stimulate the economy with quantitative easing. Here’s what QE is, and how it can affect you.
This payment form is getting axed: RBA governor Philip Lowe has pointed to the “sharp decline” in cheque usage across the past two decades, and flagged the payment form will eventually be phased out.
“At some point it will be appropriate to wind up the cheque system, and that point is getting closer,” he said.
Have a great day.
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