News

Food retailers ate up $196 million in extra sales during January alone – with the ABS pointing the finger at panic buying brought on by lockdowns

There’s evidence that January’s elevated grocery spending was caused by panic buying, according to the ABS. In new retail trade data, the ABS said a 1.6% growth in food retailing correlated with coronavirus shutdowns in Brisbane and Western Australia. Online food shopping remained at elevated levels through the month, bucking […]
Food retailers ate up $196 million in extra sales during January alone – with the ABS pointing the finger at panic buying brought on by lockdowns
Markets

Victoria led Australia’s retail recovery through the December quarter – but ABS data suggests things won’t stay festive for long

Victoria helped Australia’s total retail sales volume rise 2.5% in the December quarter, according to new ABS data. Analysts say sales volume would have dipped without Victoria’s impact, and month-on-month retail turnover fell -4.1% in December. “The shift back towards pre-COVID spending patterns will continue,” said Dr Sarah Hunter, chief […]
Victoria led Australia’s retail recovery through the December quarter – but ABS data suggests things won’t stay festive for long
Tech

Reddit has banned a pro-Trump forum that violated policies around inciting violence after rioters organised online ahead of the siege on the US Capitol

Reddit has banned the subreddit r/donaldtrump after pro-Trump extremists stormed the US Capitol on Thursday. A spokesperson said the firm’s site-wide policies prohibit content that promotes hate or “encourages, glorifies, incites, or calls for violence.” The company said it has been contacting moderators to remind them of the guidelines. Reddit’s […]
Reddit has banned a pro-Trump forum that violated policies around inciting violence after rioters organised online ahead of the siege on the US Capitol