It's going to be lipsticks at 10 paces when the giant cosmetics retailer Sephora opens in Australia, with the new entrant tipped to have more impact on local department stores than any of the new fashion labels, experts have warned.
China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, concerned that falling prices could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making.
After years of raising prices, Coca-Cola Amatil has taken the first step towards making its iconic soft drink brands more affordable, launching a 250ml can that will cost no more than $2 in convenience stores, petrol outlets and supermarket fridges.
Woolworths is cutting prices for grocery staples and relaunching its popular animal trading cards in an attempt to reinvigorate sales and meet profit guidance after posting its lowest quarterly sales growth for more than a decade.
Jacqui Lambie has lashed out at her leader Clive Palmer for failing to support her protest against the meagre pay deal for Defence personnel and has left open the possibility of a Palmer United Party split.
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