It’s not you: banking outages are taking longer to fix
Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.
finance (general)
Qantas fined for selling seats on cancelled flights
A Federal Court judge has approved a $100 million fine, agreed by the consumer watchdog and Qantas, after the airline sold seats on already cancelled flights.
Shareholders test Coles, Woolies over extinction threat
Australia's supermarket duopoly is facing a double-barrelled shareholder challenge over fish farming threats to an ancient, imperilled species.
Vanguard hit with record fine over $1b ‘ethical’ fund
Vanguard has been hit with the largest fine imposed in Australia for greenwashing, as a court ordered it to pay $12.9 million for financial misconduct.
Tourist hotspots face climate change ‘peril’
A report from a global insurance giant reveals half of Australia's tourist hotspots face high risks, and possible "natural peril" from climate change.
Vicinity seals largest Aussie retail deal for 2024
Retail property group Vicinity Centres has acquired a 50 per cent stake in one of the biggest shopping centres on the west coast.
Telstra open to Foxtel Group sale, profit drops 12.8%
Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.
Watchdog sues ASX Ltd for ‘misleading’ upgrade claims
Share market operator ASX made misleading statements when it said a platform upgrade was "on track" and "progressing well", the corporate regulator alleges.
Property market picking up in smaller capital cities
REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.
Joyce ‘command and control’ ends with Qantas clawback
Alan Joyce has had millions in shares clawed back by Qantas, the airline he led for almost 15 years, after a turbulent nosedive into a reputational crisis.
Transurban eyes raising dividend as toll traffic rises
Transurban says it expects to raise its 2024/25 distribution by five per cent, after making $2.6 billion in operating earnings in 2023/24.
Has the latest IT outage quietly slowed the cash crash?
The CrowdStrike outage exposed vulnerabilities in digital payment systems and shows Australia is decades away from a completely cashless society, experts say.
banking
construction and property
consumers
economy, business and finance
electrical appliance
electricity production and distribution
energy
environmental issue
finance (general)
politics
Green bank unlocks cheap loans for home energy upgrades
Some $60 million in cheap loans is up for grabs as part of a $1 billion federal fund to encourage homeowners to install solar panels and batteries.
BHP walks away from $49 billion pursuit of rival Anglo
BHP Group has abandoned its $49 billion takeover bid for Anglo American after the latter rejected an extension for more negotiations.
Casino bosses resigned over disillusionment with chief
Former executives at a Sydney casino have accused their ex-boss of fostering exclusion and secrecy at the beleaguered company, which led to them leaving.
Casino bosses spied and mulled ‘war’ against regulator
Star bosses privately discussed getting rid of their casino manager despite publicly declaring they were working cooperatively to regain the casino's licence.
Financial fakery, toxic culture raised at Star inquiry
The latest damning allegations against The Star include claims the board sought to fight an inquiry and an executive urged the manipulation of company finances.
Two cryptocurrency companies collapse owing $160m
Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses.
Casino bosses secretly mulled ‘war’ against regulator
Star bosses privately discussed getting rid their casino manager despite publicly declaring they were working cooperatively to regain the casino's licence.
Regulator bares teeth at fugitive influencer ‘ASX Wolf’
Bankruptcy orders have been imposed on Tyson Scholz, an Instagram finfluencer on the run from the law and banned from selling stock tips online.
Drivers on struggle street fuel Ampol’s ‘mega profit’
Refinery operator and service station chain Ampol has been accused of delaying pump price relief for consumers already stung by a cost of living crisis.
Stamp duty costs climb as home buyers struggle to save
Market analysis has revealed the rising cost of stamp duty on property purchases - and its impact on people trying to break into the housing market.
Westpac to pay millions after ‘unconscionable conduct’
After being taken to court by the corporate watchdog, Westpac has been penalised for engaging in in unconscionable conduct in 2016.
ME Bank fined $820k for misleading home loan customers
ME Bank has admitted sending incorrect letters to hundreds of home loan customers because of a technical software issue.
Airbnb faces $30m bill over Australian dollar confusion
A judge has fined Airbnb $15 million over its misleading and deceptive conduct towards Australian customers, who may get millions more in compensation.
Facebook pleads not guilty in Twiggy clickbait battle
Facebook parent company Meta has pleaded not guilty to charges brought by billionaire Andrew Forrest over an alleged cryptocurrency clickbait advertising scam.
NAB chair defends bank’s climate pledges at fiery talks
Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.
Rinehart children’s closing court bid for mining riches
A court battle over iron ore riches has resumed, with billionaire Gina Rinehart's eldest children attending a hearing as their lawyer wraps up their case.
Westpac posts $7b profit, launches $1.5b share buyback
Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.
Appliance sales switch off as economy slows JB Hi-Fi
Home appliance and consumer electronics sales fell for JB Hi-Fi and The Good Guys as the companies face a 'tougher retail trading environment'.
Qantas workers eye compensation after High Court case
Sacked Qantas workers will be aiming for compensation after the High Court found the airline's decision to outsource their jobs was illegal.