FEAR & GREED | Business News PM tackles migration tensions; Nestle boss sacked; Musk's wealth soars
Sep 2, 2025
The Australian government addresses rising immigration tensions while grappling with labor shortages and housing issues. In corporate news, Nestle's CEO is ousted over personal conduct, sparking debates on workplace ethics. Consumer confidence is on the rise, fueled by increased spending habits, despite challenges like China's tariffs on wine. Meanwhile, Elon Musk's wealth skyrockets, making headlines among billionaires, as discussions around diet culture gain traction, featuring Serena Williams promoting weight loss drugs.
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Migration Numbers And Backlogs
- The Albanese government held permanent migration at 185,000 and prioritised skilled visas while family visas stayed near 50,000.
- Officials warn family visa backlogs near 100,000 and reforms are needed to prevent long reunification delays.
Balancing Migration Fears And Labour Needs
- Politicians must balance acknowledging housing and employment strains with the need for more workers in health and construction.
- Ministers urged avoiding demonising protest participants while tackling polarisation online.
Fast-Track Skilled Trade Visas
- Master Builders Australia recommends expedited visa pathways for foreign trade workers to fill tradie shortfalls.
- Fast-track skilled trade visas could mirror Canada, the UK and New Zealand to ease construction bottlenecks.