Myer trumpets Topshop Australia return, as sales lift
Struggling department store and clothing brands owner Myer has had an encouraging start to its new year, after strong sales in its womenswear and homewares categories. Total sales for the…
Data centre boom a ray of light amid budget gloom
Australia’s nascent data centre boom has given Treasurer Jim Chalmers something to crow about in his midyear budget update, but economists warn major reform is needed to fix the nation’s…
Divided US central bank cuts interest rate
The US Federal Reserve has cut interest rates in another divided vote but signalled it will likely pause further reductions in borrowing costs as officials look for clearer signals about…
Social media ban’s cultural shift could take generation
Anthony Albanese hopes the teen social media ban will spark a cultural change for Australians but one expert believes it could take a generation for this to occur. Australia has…
Jobs data the latest clue on possible summer rates hike
Fresh jobs data may provide further clues about the likelihood of a Reserve Bank interest rate rise in February. Thursday’s labour force release by the Australian Bureau of Statistics will…
Faster coal decline risks catching Australia off-guard
The sun might set on overseas demand for Australian coal sooner than expected if China and India start favouring their local industries instead of imports. Australia’s exports of the fossil…
Stark picture revealed on Indigenous deaths in custody
Australia has recorded its largest number of Indigenous deaths in custody in over 40 years. Official figures show 33 Aboriginal and Torres Strait Islander people died in custody across the…
VW to roll out self-driving electric minibus in Oslo
German manufacturer Volkswagen has signed a deal to roll out its self-driving minibus in Norway. A partnership agreement has been reached with Oslo transport operator Ruter and Nordic operator Holo,…
Super giants tapped to compensate for self-managed duds
A plan to tap the $4.3 trillion superannuation sector to help bail out victims of failed investment schemes has made strange bedfellows of union-backed funds and the federal opposition. Industry…
Rich lister’s private chopper plan has wings clipped
Australia’s richest woman’s bid to install a private helicopter landing pad on her company’s new headquarters has been shot down by a city council concerned about noise. Gina Rinehart’s Hancock…