PM spruiks ‘sweet spot’ climate target, rejects critics
Australia’s pledge to cut emissions by more than 62 per cent but up to 70 per cent hits the “sweet spot” between credibility and ambition, the prime minister has declared.…
Signs of cooling labour market in surprise job numbers
Australia’s labour market shows signs of cooling with a surprise fall in employment, raising the case for more Reserve Bank interest rate cuts. Although the unemployment rate held steady at…
‘Shady practice’: Kmart face-scanning breaches privacy
Retail giant Kmart has been called out for “playing fast and loose” with customers’ privacy by scanning the faces of unwitting shoppers at dozens of stores. Privacy Commissioner Carly Kind…
Santos shares slide as ship sails on $30b takeover deal
Shares in a major Australian gas producer have dropped by double digits following the collapse of what would have been the biggest all-cash transaction in Australia’s corporate history. Santos shares…
Kmart breached shoppers’ privacy with facial tech
Retail giant Kmart has been pinged for breaching shoppers’ privacy by scanning the faces of unwitting customers returning products at dozens of its stores. Privacy Commissioner Carly Kind found the…
NZ economy shrinks, fuelling bets of steeper rate cuts
New Zealand’s economy has contracted more than expected in the second quarter as construction remains in decline and global uncertainty weighs, increasing expectations of a steeper rate cut in October.…
Santos points to ‘positive view’ as suitor walks away
A major Australian gas producer rejects any suggestion the withdrawal of a suitor signals valuation issues, saying the bidder was positive about the group. Abu Dhabi National Oil Company late…
Trump hails ‘eternal’ UK bond in historic state visit
US President Donald Trump has hailed the special relationship between his nation and Britain as he paid a gushing tribute to King Charles during his historic second state visit, calling…
Climate risk report is old news. Australia needs transition … to reality
The National Climate Risk Assessment, released this week, has made headlines, but adds little to all the other such reports of recent decades. David McEwen on what’s missing. The NCRA…
US Fed cuts rates by quarter of a percentage point
The Federal Reserve has cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year as it…