Victoria to force agents to publish property reserve prices in crackdown on underquoting

Real estate agents in Victoria will be legally required to reveal a property’s reserve price a week before auction, under nation-first laws to crack down on underquoting.The Allan government on Thursday announced that agents must publish the owner’s reserve price at least seven days before auction day or a fixed-date sale, under the reforms to be introduced to parliament next year.Real estate agents that fail to disclose within the timeframe will be unable to proceed to auction or sale.Illegal underquoting is an industry tactic used by some agents who advertise a property for less than the estimated selling price or the owner’s asking price. They do this to draw buyers in and drum up competition

The days of 4% pay rises are behind us – wages are now barely growing faster than inflation | Greg Jericho

The latest wage figures show no sign of wages growth powering inflation, as the real value of private-sector wages fell in the September quarter.Other than inflation, the figures the Reserve Bank of Australia most keeps an eye on are the quarterly wages growth figures. These give us a sense of whether there is so much competition for jobs that employers are offering higher wages and workers can demand higher wages without fear of their hours being cut.The RBA likes to think that the current level of unemployment means the job market is still “tight” (a polite way of saying they would like to see more unemployment). They believe there is too much competition for workers, and so wage growth will be strong and drive up prices

UK inflation eases for first time in five months to 3.6% before crunch budget

UK inflation fell to 3.6% in October, easing the path for the Bank of England to cut interest rates after the chancellor Rachel Reeves’s make-or-break budget next week.The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index cooled for the first time in five months, falling back from a peak of 3.8% over July, August and September.The latest snapshot showed gas and electricity prices rising at a slower pace than a year earlier contributed most to the decline, alongside a fall in hotel prices

UK is worst-performing market for JD Sports as youth unemployment hits sales

Unemployment among young people in the UK is hitting sales growth and profits at JD Sports, the owner of the trainer and sportwear chain has said, amid warnings about the high number of under-25s not in work, education or training.The UK was the worst-performing market for JD Group, which also owns Blacks, Go Outdoors and a number of US and European sports chains.Régis Schultz, the chief executive, said JD was experiencing “pressures on our core customer demographic, including rising unemployment levels, as well as near-term volatility around consumer sentiment”.His comments came as official figures on Thursday showed the number of 16- to 24-year-olds who are not in education, employment or training (Neet) remains stubbornly close to the highest level in a decade.Despite a modest decline in the three months to September to 946,000, down from 948,000 in the previous quarter, campaigners said the figures from the Office for National Statistics showed Britain was at risk of failing a whole generation of young people

US economy added more jobs than forecast in September, after shock losses in August – as it happened

Newsflash: The US economy added more jobs than forecast in September, as America’s jobs market picked up after a summer lull.September’s official employment report, delayed since the start of October by the US government shutdown, shows that nonfarm payroll employment rose by 119,000 in September.That’s more than twice as many jobs as expected, thanks to gains in health care, food services and drinking places, and social assistance. Job losses occurred in transportation and warehousing and in federal government, though.But there’s bad news too

Ban on veggie ‘burgers’: plant-based products may lose meaty names in UK under EU law

Calling plant-based food veggie “burgers” or “sausages” may be banned in the UK under the new trade agreement with the EU, the Guardian understands.The Labour government secured a new sanitary and phytosanitary (SPS) agreement with the EU earlier this year, which allows British businesses to sell products including some burgers and sausages in the EU for the first time since Brexit.However, the deal ties the UK to some EU laws concerning food labelling, and the EU is set to vote this week on banning the use of “meaty” terms to describe vegetarian food after lobbying from the livestock industry.The European parliament voted for this ban last month, and this week the European Commission as well as the governments of the 27 member states will decide whether it becomes law.If it does, the UK government believes that the law will also apply to British businesses

WH Smith CEO quits after accounting error that wiped almost £600m off value

WH Smith’s chief executive has stepped down with immediate effect after a review found accounting failures in its North American division, prompting the travel shop chain to slash its profit outlook.Nearly £600m was wiped off the retailer’s market value in a 42% one-day share price fall when the blunder emerged in August. It came shortly after the sale of its high street business, which has since been rebranded as TGJones by its new owners.WH Smith shares climbed by more than 7% on Wednesday after Carl Cowling’s departure was announced, although they are still trading substantially below the levels seen before the August sell-off.Cowling, who had been group chief executive for six years, will be replaced on an interim basis by the company’s UK chief executive, Andrew Harrison, until a permanent replacement is found

Netherlands suspends state seizure of Chinese chipmaker Nexperia

The Netherlands has suspended its seizure of the Chinese-owned chipmaker at the heart of a six-week dispute between the EU and China that threatened to halt car production at sites around the world.The Dutch minister of economic affairs, Vincent Karremans, said in a statement on Wednesday that the government would suspend its decision to take supervisory control of Nexperia as a gesture of “goodwill” to Beijing.“In light of recent developments, I consider it the right moment to take a constructive step by suspending my order under the Goods Availability Act,” he said.The seizure on 30 September had prompted a furious response from China, which in early October banned exports of Nexperia chips from the country, where most of them are packaged and finished.That threw global carmakers’ supply chains into turmoil, leading to production pauses in Mexico and warnings from EU manufacturers that they were “days away” from stoppages

Fall in UK inflation looks like turning point that heralds interest rate cut

After three months on a high plateau, inflation is beginning to ease again. The drop from 3.8% to 3.6% in the October consumer prices index sets the UK on a downward path that reduces the pressure on shoppers, businesses and the government.Never mind that City economists had expected a fall last month

Visma approaches City grandee to act as chair if €20bn London listing goes ahead

Visma, one of Europe’s biggest software companies, has approached a leading City grandee to become its chair if it goes ahead with a blockbuster €20bn (£17.6bn) listing in London next spring.Sir Ron Kalifa, a former boss of payments group Worldpay and a director of the Bank of England, is considered the leading candidate for the potential role after a round of interviews in recent weeks, the Guardian understands.However, sources close to the process cautioned that London was not yet certain to land the sought-after listing of the Norwegian company, which has been backed by the UK-based private equity company Hg Capital for almost two decades.Stockholm has emerged as a rival because Visma is better known in Scandinavian markets, and because the Swedish bourse last month hosted the successful €13

Klarna says AI drive has helped halve staff numbers and boost pay

Klarna has claimed that AI-related savings have allowed the buy now, pay later company to increase staff salaries by nearly 60%, but hinted it could slash more jobs after nearly halving its workforce over the past three years.Chief executive Sebastian Siemiatkowski said headcount had dropped from 5,527 to 2,907 since 2022, mostly as a result of natural attrition, with departing staff replaced by technology rather than by new staff members.The figures add to the impact of an internal artificial intelligence programme, which had steadily reduced its use of outsourced workers including those in customer service, with technology now carrying out the work of 853 full-time staff, up from 700 earlier this year.It meant the company, which was founded in Sweden in 2005, had managed to increase revenues by 108% while keeping operating costs flat. Siemiatkowski told analysts on an earnings call on Tuesday that it was “pretty remarkable, and unheard of as a number, among businesses”

ExxonMobil to shut chemicals plant in Fife with loss of up to 450 jobs

ExxonMobil is to close a chemicals plant in Scotland that employs hundreds of workers within months, blaming the decision on the UK government’s “economic and policy environment”.Workers at Fife Ethylene Plant were told on Tuesday that the oil company would shut the 40-year-old facility near Cowdenbeath by February next year owing to the difficult policy and market conditions in the UK.About 200 workers and 250 contractors were told that talks between the company and Westminster had failed to secure a lifeline for the plant because it lacked a “competitive future”.In a statement, Exxon said it had “tested the market” for a potential buyer, but said the UK’s “current economic and policy environment combined with market conditions, high supply costs and plant efficiency” meant it had been unable to secure the site’s future.The company also accused the government of creating a policy environment that was “accelerating the exit of vital industries, domestic manufacturing and the high-value jobs they provide”

Alice Zaslavsky’s recipe for garlic red peppers with a creamy white bean dip, AKA papula

This week, I’ve been putting the finishing touches on an interview I recorded with legendary Australian cheesemaker Richard Thomas, the inventor of an ingredient you may not even realise is Australian: marinated feta, AKA “Persian fetta”. An unexpected stop on a trip to Iran in the 1970s gifted Thomas a chance meeting with a Persian doctor and his breakfast: fresh labneh with soft, still-warm lavash. It was a revelation. On his return, Thomas got to work creating a fresh cheese from goat’s milk (similar to chèvre) and from cow’s milk, marinated and preserved in oil, with an extra “t” to avert confusion with the Greek-style feta, that’s still being utilised by cooks and chefs right across the world.Persian fetta is a shapeshifter, capable of remaining both firm and steadfast when crumbled across the top of a platter or salad, and of yielding to a soft, velvety cream, enhancing all manner of dishes from pasta to pesto to whipped dips and schmears – and, of course, as a topping for that Aussie cafe staple, avocado toast

I’m vegetarian, he’s a carnivore: what can I cook that we’ll both like? | Kitchen aide

I’m a lifelong vegetarian, but my boyfriend is a dedicated carnivore. How can I cook to please us both? Victoria, by email “I have three words for you, Victoria,” says Anna Ansari, author of Silk Roads, who grew up in a predominantly vegetarian household: “Di si xian.” Typical of northern China, this stir-fry of aubergine, potato and peppers (otherwise known as the “three treasures”) is laced with soy, Shoaxing wine, white pepper, sugar, cornflour and, in Ansari’s case, doubanjiang. She also adds tofu (the fourth treasure, if you will) for “a rounded, one-pot/wok dinner” to eat with steamed rice. “It reminds me of being a teenager in Beijing, far from home and in need of warmth and comfort,” she says, and we could all do with some of that right now

Sami Tamimi’s recipes for prawn and tomato stew with fregola, and herby quick-pickled vegetable salad

Hearty and warming, this prawn and tomato stew with fregola is a comforting bowl, with the fresh pesto brightening every bite. It pairs beautifully with a crisp, fragrant, quick-pickled vegetable salad; the freshness cuts through the richness of the stew perfectly. I’ve always loved leafy, lively salads, and I could honestly eat one with every meal, every day.Prep 20 min Cook 50 min Serves 4220g cherry tomatoes 60ml olive oil 1 large onion, peeled and finely chopped (180g)3 garlic cloves, peeled and crushed2cm piece fresh ginger, peeled and finely grated (15g)1 green chilli, finely chopped, seeds and all1½ tsp coriander seeds, lightly crushed in a mortar1 tsp cumin seeds, lightly crushed in a mortar6 cardamom pods, lightly bashed 15g dill, finely chopped2 tsp tomato paste400g tinned chopped tomatoes Salt and black pepper 120g fregola 400g frozen king prawns, defrosted, or fresh, peeled and deveinedFor the coriander pesto20g coriander, roughly chopped1 green chilli, finely chopped, seeds and all35g pine nuts, lightly toasted 3 tbsp olive oil1 lemon, zest finely grated to get 1½ tsp, then cut into wedges, to servePut a large saute pan on a high heat. Toss the tomatoes with a teaspoon of oil and, once the pan is very hot, add the tomatoes and cook, shaking the pan a few times, for about five minutes, until blistered and deeply charred all over

Kids have a wobble in the face of rabbit jelly | Brief letters

I sympathise with Tim Dowling and the challenges of releasing blancmange from a rabbit mould (Jelly’s back! Here are three worth making – and three that should wobble off to the bin, 12 November). My mistake was adding chopped pineapple to the jelly mix, with the resulting jelly looking as though we were seeing the undigested contents of a rabbit’s stomach. My children refused to eat it.Dee ReidTwyford, Berkshire Tim Dowling has missed out one important ingredient from his otherwise commendable recipe for blancmange rabbit: the two sultanas you stick on for the eyes.Jane GregoryEmsworth, Hampshire Regarding concerns over Epstein Road in Thamesmead (Letters, 12 November), spare a thought for those unfortunate residents of Savile Row in central London

‘I’m now a one-issue voter’: US shoppers fear Italian pasta tariff will cause shortage

On Monday night, Kelly planned to make dinner and spend the night inside with her family. Instead, she told her husband to put the kids to bed so she could get in the car, drive to Wegmans and “panic buy” $100 worth of Rummo pasta.Kelly, a 42-year-old product manager who lives outside Philadelphia, has celiac disease, which means that eating gluten triggers an immune response that leads to digestive issues. She saw fellow gluten-free people on Reddit and TikTok freaking out over the fact that the US is mulling a 107% tariff on Italian pasta imports. According to the Wall Street Journal, the hike could lead to those companies withdrawing from the US market as early as January

Three plant-based chocolate mousse recipes by Philip Khoury

Mousse au chocolat is one of the most exquisite ways to enjoy chocolate – so here are three recipes that offer it in different textures and levels of chocolate intensity. Each one works beautifully with dark chocolate containing 65-80% cocoa solids. Blends with no specific origin can be further rounded out with one teaspoon of vanilla paste or the seeds from a vanilla bean.Once the mousses have been prepared, they can be frozen and gently defrosted in the refrigerator. Top with chocolate shavings, cocoa nibs or a dusting of unsweetened cocoa powder for texture and contrast

How to make the perfect beer cheese soup – recipe | Felicity Cloake's How to make the perfect …

Beer and cheese, two ingredients that don’t immediately scream soup to much of the world, are the cornerstones of one such midwestern speciality, particularly beloved in Wisconsin, with its prominent dairy and brewing industries. Beer soups are also found from Alsace to Russia (and, indeed, Wisconsin has a significant northern European heritage population). The cheese, however, appears to be an inspired American addition (though, seeing as Germany boasts both beer and cheese soups, I’m prepared to stand corrected), playing off the bittersweetness of the beer to produce a richly flavoured dish that’s perfectly suited to harsh midwestern winters. That said, it’s a treat on a cold day wherever you are.(Note: this is not to be confused with German obatzda, while a thicker version is a popular hot dip in Kentucky, in particular

How to turn hazelnuts into a brilliant flour for cakes – recipe | Waste not

Each recipe in my cookbook Eating for Pleasure, People & Planet includes optional whole food ingredients such as rapadura sugar, emmer wheat and flaxseeds to boost nutrients and flavour, while also keeping things adaptable so you can use up what you already have in the cupboards. Writing a plant-based cookbook taught me new ways to save waste, and confirmed my belief that zero-waste cooking is whole food cooking. Aquafaba (the liquid from a tin of chickpeas or other beans), for example, is a powerful emulsifier that can replace eggs, especially when whisked with ground flaxseeds or chia. It’s a brilliant way of turning what we’d usually pour down the sink into cakes with remarkable lift and texture.When I was writing the dessert chapter of my cookbook, I wanted every recipe to offer new ways of making cakes more nourishing

José Pizarro’s recipe for braised lamb and kale cazuela with beans

My mum, Isabel, has always cooked slowly. Life on the family farm was busy, so a pot of lamb would often be bubbling away while she worked and, by the time we all sat down for lunch, the whole house smelled incredible. November takes me straight back there. It is the month for food that warms you, dishes made to sit in the centre of the table and to bring everyone close. Lamb shoulder loves a slow cook, turning soft and rich, especially when cooked with alubias blancas (white beans) to soak up the sauce, while a good splash of oloroso gives it a deeper, rounder flavour than any red wine ever could

It’s not all about roasting on an open fire – there’s so much more you can do with chestnuts

If I’d ever spared a thought for how chestnuts – the sweet, edible kind, not the combative horsey sort – were harvested, I would probably have conjured rosy-cheeked peasants bent low in ancient forests and filling rough-hewn hessian sacks by hand. Back-breaking labour, sure, but so picturesque!I was delighted, therefore, while on a writing retreat in Umbria last month, to get the opportunity to watch an elderly couple manoeuvre a giant vacuum around their haphazard orchard, followed by their furious sheepdog. The fallen crop was sucked into a giant fan that spat their bristly jackets back out on to the ground, and the nuts then went to be sorted by other family members on a conveyor belt in the barn – the good ones to be sold in the shell, the less perfect specimens swiftly dropped into a bucket for processing.Later in the week, a lorry turned up in the village square to pick up bags from other small local producers, and that evening I roasted a pan of chestnuts on the fire with new appreciation, while loudly bemoaning the disappearance from the streets of London of the chestnut sellers of my childhood (though this makes me sound positively Dickensian, I can confirm that I’m talking about this century. Note also that Nigel Slater is less starry-eyed on the subject

Jimi Famurewa’s recipe for puff-puff pancakes

Efteling is a fairytale-themed, 73-year-old amusement park in the south of the Netherlands that, after two consecutive years of visits, has become an acute obsession among my family. We love the vaguely folk-horror animatronic trees, witches and giant sea monsters lurking within a labyrinthine real forest. We love the anthropomorphised talking bins that plead (in a haunting, perpetual sing-song) for crumpled pieces of paper to be shoved into their suction-powered mouths. We love the inventive rides that, variously, judder along rattling wooden tracks, plunge cursed pirate ships into water, or nudge gondolas serenely through sylvan scenes of bum-flashing goblins showering beneath waterfalls.But our very favourite thing about the place might well be the poffertjes stand, a perennially busy kiosk where exhausted families gather for dinky paper boats filled with these yeast-puffed and sugar-dusted miniature buckwheat pancakes that are a Dutch institution

Australian supermarket wheat crackers taste test: ‘All the reviewers knew which one was the real deal’

Nicholas Jordan risks it for the biscuits, sampling 19 wheat crackers in the driest taste test yetIf you value our independent journalism, we hope you’ll consider supporting us todayGet our weekend culture and lifestyle emailI’ve been wanting to write this article for over a year but I’ve been too intimidated and confused to start. There are several hundred supermarket products that could be called a cracker. Imagine a taste test with 100 versions of the same thing. Do I have the stomach space or mental bandwidth to process that much? Otherwise, how do I decide what’s in or out? Even if I did, how do I rule what is a cracker or not? How do you determine the criteria for tasting something rarely eaten on its own? Do you rate the crackers for deliciousness or compatibility? Are those two things even that different?Then there’s the anxiety of spending several days agonising over all that, and conducting a taste test only to arrive at the conclusion that Jatz are great. Do people want to read an article about why Sir Donald Bradman is better than whoever the second-best-ever cricketer is?Instead of answering all those questions, I could just have a lovely afternoon making my way through 17 kinds of chocolate or many iced coffees