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Qantas profit soars, reputation repairs ‘on schedule’

Australia's biggest airline has ordered a fleet of new jets as its profit takes flight and its CEO wins praise for tackling the company's battered reputation.

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Inflation ‘quirks’ unlikely to spook Reserve Bank board

Hopes of a rate cut have slipped after a shock surge in inflation, but it's not off the cards yet with more data to come before the next Reserve Bank meeting.

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Workers, union line up for share of $90m Qantas fine

A judge is deciding who should get payouts from a $90 million Qantas fine after the airline was ordered to pay the record penalty for illegally sacking staff.

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Shoppers check out of Woolies as Coles registers gains

Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.

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Australia, other countries face US anti-dumping duties

The US government has announced anti-dumping and countervailing duties against 10 trading partners including Australia after a probe into steel products.

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Iron ore giant’s profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

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Buying frenzy for Coles shares after bumper sales year

Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.

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Mail mess as Australia Post stamps out US deliveries

Businesses are counting the cost of Australia Post suddenly suspending many deliveries to the US and Puerto Rico because of import tariff rules changes.

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Fast or gradual: RBA debate shapes rates outlook

A debate inside the Reserve Bank board over the tightness of Australia's labour market could determine how quickly it moves to cut interest rates.

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BWS owner cuts dividend as Aussies avoid booze splurge

Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.

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Clashes as asylum protests take place across the UK

Police have clashed with protesters in multiple cities across the UK amid continued tension around accommodating asylum seekers in hotels.

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Tax perks on super for retirees ‘deserved’: treasurer

As the government considers tax changes to give younger generations a break, concessions on super for retirees are still fair, Jim Chalmers says.

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Aussie sunscreen product rubbed out after testing fail

A popular brand's sunscreen has been withdrawn from shelves after it failed to deliver consistent SPF ratings during independent testing.

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Treasurer mulls making tax fairer for young Australians

Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.

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EU pushes for lower US car tariff in trade deal outline

The EU has secured steps to reduce punishing US tariffs on European cars as the two trading partners agree on a framework for resolving their trade dispute.

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Grid reliability gaps covered, if no project delays

Australia's investment pipeline for clean energy, storage and transmission to replace coal is "healthy", but project delays pose reliability questions.

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‘Holy grail’: treasurer hails quick wins as summit ends

After 29 hours, 327 contributions and one major blow-up, Jim Chalmers' economic roundtable has served up a slew of reform ideas and a few unanswered questions.

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Pacific nations make passionate plea amid climate fears

Countries on the climate crisis' frontline have called for investment and partnerships to build resilient infrastructure in a heartfelt plea for help.

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Custodian ‘sick of waiting’ on heritage decision

A Traditional Owner who launched a legal bid to safeguard rock art on her Country says there'll be nothing left to protect if action is not taken swiftly.

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Bessent says US tariff revenues to rise ‘substantially’

US Treasury Secretary Scott Bessent says tariff revenue will be used to cut debt as new import duties hit 407 products including wind turbines and bulldozers.

economy, business and finance politics productivity

Red tape on chopping block in bid to build homes faster

Slashing regulations so houses can be built quicker has won universal approval at a government-led economic roundtable, but the finer details are up for debate.

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Biotech giant to slash 3000 jobs, spin-off vaccine arm

Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.

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Qantas sackings ‘betrayed Spirit of Australia’ values

Qantas is being warned it risks losing its place in the national psyche after its latest indiscretion: a $90 million fine for the illegal sacking of workers.

breaking_news economy, business and finance politics productivity

Trade and skills under spotlight in ‘promising’ talks

The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.

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‘Ruthless’ sacking of staff lands Qantas with $90m fine

Qantas has vowed to rebuild trust after the embattled airline was fined $90 million for illegally sacking more than 1800 ground staff during the pandemic.

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‘It’s crunch time’: productivity puzzle must be solved

Australia must cut unnecessary red tape and boost business investment if young people are to be better off than their parents, the productivity chief says.

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Productivity to dominate agenda as symposium begins

After weeks of build up, arguably the biggest event of Australia's economic calendar is set to begin as the government seeks answers to withered productivity.

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Answers to ailing productivity to steer economic future

Australia's economic future will be guided by ideas to reinvigorate its currently languishing productivity, the treasurer has said.

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More than 300 people dead in Pakistan after floods

Hundreds have been killed in the deadliest downpour of the monsoon season in Pakistan's northwest, with the search on for more missing people.

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Responsibility, not legacy driving Chalmers to reform

Jim Chalmers' economic roundtable will likely present some low-hanging fruit around regulation but hefty tax reform will be more challenging for him to grasp.

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Trump leaves Alaska summit with Putin empty-handed

A highly anticipated summit between Donald Trump and Vladimir Putin has yielded no agreement to resolve or pause Moscow's war in Ukraine.