AGL chair defends big payment to injured predecessor
The chairman of one of Australia’s biggest electricity generators has defended a $720,000 payment to his predecessor after she was seriously injured during a site visit two years ago. Under…
Australia asks Israel for details after flotilla halted
Australians detained by Israel while attempting to deliver aid to Gaza could soon receive help from the federal government. Australia has made a formal request to Israeli authorities for consular…
Super fund members cautioned against switching
One of Australia’s top superannuation fund providers is cautioning against making knee-jerk investment decisions during volatile times. HESTA said it saw an uptick in investment switching during the market pullback…
Trump uses government shutdown to dole out revenge
President Donald Trump has seized on the government shutdown as an opportunity to reshape the US federal workforce and punish detractors. He met with budget director Russ Vought on Thursday…
Eiffel Tower closed as French protest budget cuts
Protesters have taken to the streets of more than 200 towns and cities across France to denounce spending cuts and demand higher taxes on the rich. In Paris, thousands of…
‘Ableist and discriminatory’: focus on NDIS autism plan
Children with autism are being used as scapegoats for spiralling NDIS costs, an independent support co-ordinator says, as an inquiry begins into changes to the system. The federal government hopes…
Danish tax authority loses London tax fraud case
Denmark’s tax authority has lost a London lawsuit against Sanjay Shah’s hedge fund and others for defrauding the Nordic state, in a blow to its efforts to recoup vast tax…
‘Folly’ of nuclear submarines plan floated
The former head of Australia’s submarine squadron has urged Australia against outsourcing boat construction overseas, as bureaucrats express confidence the US won’t scuttle AUKUS. A parliamentary inquiry on Thursday ran…
OpenAI hits $US500 billion valuation after share sale
OpenAI, the company behind ChatGPT, has reached a valuation of $US500 billion ($A756 billion), following a deal in which current and former employees sold roughly $US6.6 billion worth of shares,…
Musk becomes first person to be worth $US500 billion
Elon Musk has become the first person estimated to reach a net worth of $US500 billion ($A756 billion), according to US magazine Forbes, largely held in shares of electric carmaker…