Business boost as more nuisance tariffs get the chop
Hundreds of “nuisance” tariffs on imports including tyres, televisions and wine glasses will be slashed in a move that will save businesses millions of dollars. Abolishing an extra 500 imposts,…
Qantas profit soars, reputation repairs ‘on schedule’
Qantas shares have taken flight after Australia’s largest airline delivered one of its biggest profits, raised its dividend and splashed out on another 20 mid-range aircraft. Qantas on Thursday posted…
Kodak says ‘substantial doubt’ it can stay in business
The more than 130-year-old Eastman Kodak Co says there is “substantial doubt” about its ability to stay in business, saying it may have difficulty meeting upcoming debt obligations. Shares of…
Norwegian fund expects to sell more Israeli stocks
Norway’s $US2 trillion ($A3.1 trillion) sovereign wealth fund expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the situation in…
Rates cut but borrowers told not to bank on more relief
Borrowers have received welcome relief from the Reserve Bank of Australia, which delivered a widely expected interest rate cut but flagged the end to its easing cycle is getting closer.…
Huge payout tipped after Apple and Google’s Epic loss
Tech giants Apple and Google have been found to have engaged in anti-competitive conduct, paving the way for a payout that could be worth hundreds of millions of dollars. Epic…
Untouched reefs cop record bleaching in intense heat
The longest, largest and most intense marine heatwave on record has triggered the worst coral bleaching off Australia’s western coastline, scientists say. Researchers are still assessing the full extent of…
Israel’s Gaza occupation plan spurred Australia to act
Australia’s decision to recognise Palestine has been fuelled by Israel’s plans to take over Gaza City, but advocates say the government needs to go further to prevent civilian suffering. Prime…
Productivity a tough puzzle for central bank boffins
Australian living standards will recover slower than expected, the Reserve Bank has forecast, acknowledging it has consistently been wrong about a key economic assumption. Economists at the central bank downgraded…
Cover-up claims over ‘forever chemicals’ in tap water
An expert panel’s report into contaminated drinking water has been labelled a cover-up by one community activist amid calls for broader monitoring and classification of so-called “forever chemicals”. The increased…