BP ousts chair citing governance and conduct issues
BP’s board has ousted chair Albert Manifold and expressed serious concerns about his governance standards, oversight and conduct in the latest leadership turmoil to rock the oil major, driving its…
‘Grossly negligent’: Westpac cops $26 million penalty
Westpac has been fined $26 million for grossly negligent conduct after failing to respond to customers in financial hardship. Federal Court Judge Tim McEvoy on Tuesday found that while the…
Tax changes to have ‘modest’ impact on house prices
Changes to negative gearing and the capital gains tax will have a small impact on property affordability, the housing minister concedes. The federal government will on Thursday introduce to parliament…
Fear data centres leaving energy transition ‘worse off’
Claims data centres are adding renewables to the grid and aiding decarbonisation have been challenged by a prominent environment group that’s calling for a moratorium on development. In a comprehensive…
Inflation pressures set to expand despite fuel reprieve
Inflation pressures are heating up, despite an expected fall in the consumer price index. Data released by the Australian Bureau of Statistics on Wednesday is likely to show headline inflation…
Inflation pressures set to expand despite fuel reprieve
Inflation pressures are heating up, despite an expected fall in the consumer price index. Data released by the Australian Bureau of Statistics on Wednesday is likely to show headline inflation…
Inflation pressures set to expand despite fuel reprieve
Inflation pressures are heating up, despite an expected fall in the consumer price index. Data released by the Australian Bureau of Statistics on Wednesday is likely to show headline inflation…
Global capital eyes $50b water market, raising stakes
Australia’s $50 billion water market is booming, drawing global investors and offering farmers flexibility, but ongoing scarcity and record-high permanent plantings are raising the stakes of the next drought. Australia…
Corruption watchdog chief concedes he’s a distraction
The first head of Australia’s national corruption watchdog rejects suggestions he should have been more transparent about connections with the defence establishment that led to his resignation. But National Anti-Corruption…
Governments warned not to hold back AI, tech start-ups
Australia is well-positioned to take advantage of the global boom in artificial intelligence but governments and regulators need to get the policy settings right so they don’t stifle start-ups. That’s…