Australian motorists will be charged sky-high petrol prices for months to come despite falling global oil prices, a leading analyst has warned. Households in Melbourne, Sydney and Brisbane are already paying more than $2 a litre for petrol ahead of...
Live Telstra’s chief financial officer Vicki Brady will take over as chief executive following the retirement of the company’s long-serving head, Andrew Penn. The telco, regarded by analysts as a high-yielding and low volatile stock, has faced long-term structural headwinds after...
The abrupt change in the taper pace reflects “inflation developments and the further improvement in the labour market,” the policy-setting Federal Open Market Committee said in a statement following a two-day meeting. The Fed reiterated that it “is prepared...
A beleaguered New South Wales is suffering through its second round of intense floods this year, prompting the government to release emergency disaster funds for 23 local government areas. NSW State Emergency Service chief superintendent Ashley Sullivan said 40,000 people...
While the Port of Cairns is a State Government asset, Deputy Premier and Minister for State Development Steven Miles is calling on the Federal Government to help fund the project, ahead of this year’s budget delivery and election. The publicly available...
Apple’s next iPhone software update will finally address a grumble that’s been bugging users since the COVID pandemic started: You’ll finally be able to unlock your phone without first taking off your mask. The updated Face ID feature is expected...
Higher support payments to low-income households and a boost to the nation’s unemployment benefit are among the top policies being advanced by leading economists to alleviate Australia’s cost-of-living pressures. The Morrison government is understood to be considering an extension of...
ANZ Bank chief executive Shayne Elliot has doubled down on refusing to back a condemnation of political violence in Myanmar, saying it would put overseas staff in “harm’s way”. The bank has declined to sign a letter calling for a...
Live Convenience store chain 7-Eleven will have to fork out $98 million in a class action settlement over claims of misleading, deceptive and unconscionable conduct toward franchisees. The settlement deed between the two applicants – Davaria Pty Ltd and Kaizenworld Pty...
Coles hopes to fully restock its shelves in time for Easter, after the “most disruptive period” in the supermarket’s 108-year history. As the staffing crisis eases, Coles CEO Steven Cain said the past six months had been difficult to navigate as...
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