Budget $5.4b better off as Chalmers tightens the belt
Treasurer Jim Chalmers will unveil a $5.4 billion improvement in the federal budget this financial year, even as the deficit sinks to its worst level in five years. With judicious…
The Billion Dollar Balcony. ASIO’s sovereignty failure
“Bondi deserves better … Australia deserves better”. David Tyler examines ASIO’s security failure in Australia’s deadliest terror attack. While none of this will salve the hurt, ease the trauma of…
Uniparty Grab. Independents take electoral reform to the High Court
In an unusual move, two former independent parliamentarians are taking on the Government’s new electoral reform laws in court, challenging their legality. What’s the scam? The scam is that Labor’s…
Plea for spending cuts as banks tip interest rate hikes
Economists have urged Treasurer Jim Chalmers to show greater spending restraint to take some heat out of the economy and spare Australians from more interest rate hikes. With the economy…
Business chief urges action on racism, anti-Semitism
One of the Australia’s corporate titans has decried the outbreaks of racism, anti-Semitism and violence eroding the nation’s multicultural harmony. Retiring Orica chairman Malcolm Broomhead offered his thoughts to investors…
US suspends technology deal with Britain: report
The United States has suspended a technology deal it struck with Britain earlier this year, which was intended to boost ties in artificial intelligence, quantum computing and civil nuclear energy,…
Return to surplus pushed out again in New Zealand
New Zealand is on track to record its worst deficit this decade, and go the whole 2020s without posting a budget in the black. A fresh fiscal outlook from the…
Meal kit services sued over alleged subscription traps
More than 100,000 customers of a popular meal-kit delivery provider were allegedly misled and caught in so-called “subscription traps”. The Australian Competition & Consumer Commission has taken HelloFresh and Youfoodz,…
Elon Musk tops $US600 billion in Forbes estimate
Elon Musk has become the first person to reach an estimated net worth of more than $US600 billion ($A902 billion), according to Forbes magazine. The increase was driven by the…
U-turn: Ford takes $US19.5b hit, retreats from EVs
Ford will take a $US19.5 billion ($A29.3 billion) writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in…