Qantas to offshore work; house prices to fall 10pc; European rivers dry up

Wednesday 5 August 2026

Qantas joins the growing number of companies offshoring work as it embraces AI.

• Household spending picks up, keeping an interest rate hike on the table
• National Australia Bank forecasts house prices to drop ten per cent
• A surge in tech stocks on Wall Street helps the local market get to within one per cent of an all-time high
• Some of Europe’s biggest rivers start drying up, disrupting trade and tourism

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