Businesses spared rising costs as peace deal struck
Businesses have been offered relief from skyrocketing premiums after a peace deal ended a war over Australia’s biggest workers’ compensation scheme. The months-long impasse came to an end on Thursday…
Billionaires love the under 16 Social Media Ban | The West Report
Governments say the under 16 social media ban is about protecting kids, but the biggest winners are the billionaires and media empires that have been campaigning for it. In this…
‘No value’: bank defends dropped no-deforestation plan
Australia’s oldest bank has copped criticism for backing away from commitments made under its previous leadership to stop lending to customers involved in deforestation or fossil fuel extraction. The deforestation…
NACC Inspector Furness stating the obvious while Brereton obfuscates
Today’s Joint Parliamentary Committee meeting examining the performance of the NACC made it abundantly clear that Commissioner Paul Brereton just doesn’t get it. What’s the scam? The scam is how…
Myer trumpets Topshop Australia return, as sales lift
Struggling department store and clothing brands owner Myer has had an encouraging start to its new year, after strong sales in its womenswear and homewares categories. Total sales for the…
Data centre boom a ray of light amid budget gloom
Australia’s nascent data centre boom has given Treasurer Jim Chalmers something to crow about in his midyear budget update, but economists warn major reform is needed to fix the nation’s…
Divided US central bank cuts interest rate
The US Federal Reserve has cut interest rates in another divided vote but signalled it will likely pause further reductions in borrowing costs as officials look for clearer signals about…
Social media ban’s cultural shift could take generation
Anthony Albanese hopes the teen social media ban will spark a cultural change for Australians but one expert believes it could take a generation for this to occur. Australia has…
Jobs data the latest clue on possible summer rates hike
Fresh jobs data may provide further clues about the likelihood of a Reserve Bank interest rate rise in February. Thursday’s labour force release by the Australian Bureau of Statistics will…
Faster coal decline risks catching Australia off-guard
The sun might set on overseas demand for Australian coal sooner than expected if China and India start favouring their local industries instead of imports. Australia’s exports of the fossil…