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…
UK embraces Trump with royal pomp in state visit
US President Donald Trump has kicked off his historic second state visit to the United Kingdom amid unprecedented pomp, intense security, technology investments and protests as King Charles and other…
Australia set to unveil contested 2035 climate target
Labor will put its environmental credentials on display when it unveils its ambition for climate action. Prime Minister Anthony Albanese is poised to announce Australia’s anticipated 2035 emissions reduction target…
Australia’s ‘healthy’ jobs market gets monthly check-up
Australia’s jobs market is forecast to remain in good health, despite an expected rise in the unemployment rate. Labour force figures to be released by the Australian Bureau of Statistics…