Consumer sentiment lifts for third week
Consumers are heading into the festive season a little more confident, but almost a quarter of families will be going into debt to fund festivities.
Economy, Business and Finance
Australian shares end week up 1.5 per cent
The local share market finished Friday up 0.24 per cent, to again close at its best level since May 30 after four straight days of gains.
Security breach chaos at Brisbane Airport
Brisbane Airport's domestic terminal has been emptied after a number of people breached a security checkpoint.
RBA sorry for interest rate predictions
Reserve Bank boss Philip Lowe has admitted language around the 2024 interest rate forecast was not clear enough and apologised for the miscommunication.
Aust stocks look set to snap win streak
The local share market was down 0.4 per cent at midday, as commodity prices dipped as rare protests erupted in China over harsh COVID-19 lockdowns there.
Millions to go into debt to fund Christmas
Christmas is always an expensive period and this year households are feeling the pinch, with one in four going into debt to fund festivities.
Elon Musk’s ‘hardcore’ management style: a case study in what not to do
As a case study in how to implement organisational change, Elon Musk’s actions at Twitter will go down as the gold standard in what not to do.
Groundbreaking day for green jobs in Townsville
Townsville’s major new eco-industrial precinct at Lansdown is officially underway, with access road construction starting today on the Council-led project that will generate significant jobs for the city.
Nuclear power possible in Australia: forum
A number of coalition MPs have attended a parliamentary forum on nuclear power, in a bid to generate community discussion on the issue.
Aust drops $6.2b on Black Friday bargains
About 11 million people nationwide are expected to take part in Black Friday sales as Australian workers protest conditions at Amazon warehouses.
Tesla recalls 15,000 cars over light fault
In the second recall in two weeks, all Tesla Model 3 and Model Y drivers in Australia have been warned about a risky light defect.
Harvey Norman spruiks Malaysia opportunity
Harvey Norman, which is holding its annual general meeting, says quarterly sales for its 28 Malaysian outlets have jumped by almost 40 per cent.
Compliance, Crown weigh on Star’s revenue
Star Entertainment says it faces a steep remediation bill even as revenue drops at its flagship Sydney casino.
Push for social projects boost in north
In an annual statement on northern Australia, minister Madeleine King says more social projects are needed for the vast region.
‘Be honest’ on bill shock from new energy
Origin Energy says the push for clean energy is "out of step" with consumers, warning of bill shock for years from the cost of building new renewable assets.
RBA leaves 50bp rate hike on the table
The Reserve Bank is prepared to do whatever is necessary to ensure the spike in inflation is only temporary and doesn't linger.
NSW floods the costliest natural disaster
The ongoing NSW floods have become the most expensive natural disaster in Australia's history with more than $5.5 billion in claims lodged.
Business output shrinks for second month
Demand for services has cooled but manufacturing conditions remain fairly robust, a new survey shows.
ASX quiet again as banks gain, miners fall
The local share market has had its sixth consecutive day of subdued trading, with losses by the big miners balanced by gains for the big banks.
Spending spree drives rise in confidence
Black Friday sales may be feeding into slightly elevated consumer confidence scores as savvy spenders pounce on discounted items.
Call for renewable energy storage target
Climate and energy leaders say a national renewable energy storage target could stabilise soaring power bills and encourage the construction of new systems.
Free rides on Sydney trains this week
Travel on Sydney's trains will be free this week as the government looks to avoid further disruptive industrial action by the union
Queensland report backs future for coal
Queensland's coal industry is emerging as a winner in the global energy crisis as demand from India, Japan and South Korea pick up the slack from China's ban.
BHP set for $9.6b OZ Minerals acquisition
OZ Minerals will grant BHP due diligence for four weeks on an exclusive basis following a revised $9.6 billion takeover offer.
More money to keep animal diseases out
Additional funding has been allocated to keep livestock diseases out of Australia, with an extra $2 million to help Indonesia's biosecurity system.
Deliveroo fallout devastates food industry
Businesses are owed thousands and delivery riders are out of work following Deliveroo's shock closure but experts warn more food services may shut.
Industrial umpire scraps Svitzer lockout
The Fair Work Commission has stepped in to ensure a port lockout by tugboat operator Svitzer cannot go ahead for six months, as a pay dispute continues.
Don’t feel lonely – you’re now one of 8 billion humans alive today
We can choose to adequately and equitably feed a population of 10 billion by 2050 – even as we reduce or eliminate global greenhouse gas emissions and staunch biodiversity loss
Aust crypto exchange suspends withdrawals
Brisbane-based crypto exchange Digital Surge has suspended withdrawals until further notice, citing fallout from the collapse of FTX.
Deliveroo pulls out of Australian market
In a shock move, food delivery service Deliveroo has announced plans to shut down its Australian operations, putting thousands of people out of work.
1000 Teslas recalled over ‘serious’ fault
Electric vehicle maker Tesla is facing its second recall in Australia in two weeks, with issues affecting Model S and Model X vehicles.