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By cutting interest rates on Tuesday, some economists believe the Reserve Bank would be taking insurance now rather than leaving it until later.

A move now could pre-empt further bad news globally, Richard Webb reports.

THANK weak retail spending in the run-up to Christmas. Thank subdued underlying price inflation in Australia.

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NEW YORK (AP) — Ready. Set. Shop.

The day after Thanksgiving, or Black Friday, kicks off the holiday shopping season. Each year, retailers open their doors early and offer shoppers deals of up to 70 percent off on everything from electronics to clothes. And shoppers typically turn out in droves.

Before you head out to the stores this year, there a few things you should know about Black Friday:

Q: How did the day get its name?

A: Accounts differ on the origin of the term. One theory is that it had roots in the 1960s in Philadelphia where it was used to describe the heavy pedestrian and car traffic on the day after Thanksgiving. The most common theory, though, is that the day got its name because it’s usually when retailers turn a profit for the year, or operate in the “black.”

Q. Is Black Friday the biggest shopping day of the year?

A. S

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AAP

Toyota says it will unveil a new compact hybrid car with improved fuel efficiency at the upcoming Tokyo Motor Show.

It comes amid intensifying competition to build more eco-friendly vehicles.

The Aqua, to be sold under the name Prius C outside Japan, offers fuel efficiency of about 35km per litre and will go on display at the motor show to be held between November 30 and December 11.

Its fuel economy exceeds that of Toyota’s existing Prius model at 32.6 kilometres per litre, making it one of the world’s most fuel efficient cars.

The Japanese auto giant plans to launch the five-seater model in late December in Japan, before a gradual global rollout.

The compact and lightweight hybrid system combines a 1.5-litre engine with a high-output electric motor.


Bunnings Warehouse is leading its competitors Thrifty Link, Mitre 10 and Home Hardware when it comes to customer satisfaction, value and range of products, according to a new Canstar Blue survey.

Bunnings is leading the local $40 billion home hardware market, though one-fifth of consumers say they regret taking on jobs too big for them when renovating.

Canstar Blue manager Rebecca Logan said doing DIY jobs has increased in popularity, but 17 percent of respondents felt like they’d bitten off more than they could chew and wished they hadn’t taken it on themselves.

“DIY home renovations have become highly accessible following the explosion of renovation reality shows, booming hardware market and popularity of online DIY forums where people can learn from each other’s experiences.”

Males were more likely to regret DIY attempts making up 19 percent of respondents, with females close behind at 14 percent and 12 percent of people saying their DIY jobs ended up costing more than if they had hired a professional.

“Overall, the results show the vast majority of DIY consumer experiences are positive, as Australians take a greater interest in adding value to their properties instead of buying new homes given current cautious levels of consumer confidence.”

Research from IBIS World firm predicts Australia’s DIY market will grow by over 22.5 percent in the next five years.

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