It's an ill wind: Big business makes big profits from international crises

SBS Tamil

Dollar soars and reaches R$5.51 after Lula's speech about spending cuts — The dollar registered an increase of 1.16% and closed at R$5.518 this Wednesday (26), its highest nominal value since January 18, 2022, in a session of generalized advance of the American currency against other currencies abroad. The movement was accelerated by speeches by President Luiz Inácio Lula da Silva (PT) about Brazil's fiscal situation. (Photo Faga/Sipa USA) Source: AAP / Michael Nigro / Faga/Sipa USA/Cris Faga/Sipa USA

A new report has exposed the amount of profit accumulated by Australia's largest organisations during times of global turmoil. Oxfam Australia has identified the mining, banking and supermarket sectors as having recorded the largest gains from 2021 and 2023.The story by Ciara Hain for SBS News was produced by RaySel for SBS Tamil.

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Published 27 June 2024 3:25pm

By Raysel

Source: SBS

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A new report has exposed the amount of profit accumulated by Australia's largest organisations during times of global turmoil. Oxfam Australia has identified the mining, banking and supermarket sectors as having recorded the largest gains from 2021 and 2023.The story by Ciara Hain for SBS News was produced by RaySel for SBS Tamil.

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