'Miners Get More Govt Aid', Manufacturing Workers Complain
The mining industry received more government assistance than manufacturing over the past 12 months, despite record mining profit levels, the Australian Manufacturing Workers’ Union complained today.
Australia’s Jatenergy to Fuel Lufthansa’s Pioneering Biojet Flights
Energy company Jatenergy Limited (ASX:JAT) is supplying high quality crude jatropha oil to Lufthansa for use in the world’s first, long-term trial of renewable jet fuel on the German airline’s regular scheduled flights between Hamburg and Frankfurt.
Australians Fall Prey to Cybercrime
Cybercrime had cost Australia $1.8 billion last year, a global report shows.
Carbon and Tax: Separate Issues?
‘Carbon’ and ‘Tax’ seem inextricably linked in political debate but they are separate issues and should be viewed as such, a group of Melbourne’s leading industry CEOs was told on Friday.
Rate Cuts Loom Amidst Soft Employment Data
The Reserve Bank of Australia could cut its key interest rate after the unexpected soft employment data release today, according to economists.
Woolworths Recalls Brownie Mix
Supermarket giant Woolworths is recalling packets of Macro Gluten Free Choc Brownie Mix 400g from Woolworths and Safeway supermarkets, and Thomas Dux stores across Australia due to the possible presence of milk - an undeclared allergen.
NSW Housing Agency Worried About National Rental Affordability Scheme
Shelter NSW, a social change agency committed to working for a fair and just housing system, today expressed concern that the NSW Budget does not include sufficient support for the National Rental Affordability Scheme.
Digital Realty Acquires Melbourne Site
Global data centre provider Digital Realty Trust (NYSE: DLR) has nabbed 162 and 163 Radnor Drive, a 30,250 square meter development site, in Melbourne for a purchase price of approximately AU $4.1 million. This represents the second acquisition in Australia for Digital Realty Trust.
Carbon Price to Have Limited, Varied Impact on Most Super Funds
The Gillard government’s proposed carbon price from July next year poses limited impact on super funds overall, a new report released today shows.
Coles to Produce All-Australian Cheese with Bega
Supermarket giant Coles is moving to a 100 percent Australian housebrand cheese for its stores.
Joyce’s Record Pay Rise ‘Rubs Salt' in Qantas Pilots' Wounds
Qantas Airways' long-haul pilots described the unprecedented 71 per cent package increase for Qantas CEO today as “rubbing salt in the wound.”
Aussie Dollar Nudges Higher After Strong GDP
The Australian dollar nudged higher after latest official figures showed the nation’s economy is stronger than expected. According to the latest ABS figures, GDP grew 1.2 per cent in the June quarter 2011and 1.4 per cent from a year earlier.
Q2 Figures Show Australian Economy's Resilience
Australia's economy proved to be stronger than expected in the second quarter, recovering from the devastating floods that disrupted coal and agricultural production earlier this year.
FWA Ruling Disappoints Qantas Pilots
Qanta's long-haul pilots have described today’s ruling by Fair Work Australia, regarding NZ-based Qantas subsidiary Jetconnect, as disappointing and concerning.
NSW Households Hit With Solar Levy Power Price Hike, Power Corps Get Free Ride
The NSW Government would punish all NSW households with a solar levy power price hike, while power companies continue to get cheap and often free solar power, the Australian Solar Energy Society (AuSES) warned today.
Infrastructure, Superannuation to Suffer from Mining Tax Grab
The NSW Government’s move to hike mining royalties would immediately hit Commonwealth infrastructure spending as well as plans to boost superannuation and cut company tax, the CFMEU Miners Union said today.
Australian Dollar Falls After RBA Comments
The Australian dollar was dragged down by a fresh wave of uncertainty from comments made by Reserve Bank of Australia Governor Glenn Stevens.
Housing Finance Increase No Cause for Rate Rise
The headline rise in housing finance in July is no cause for the Reserve Bank to raise rates, according to peak building and construction organisation Master Builders Australia.
HIA: More Needed to Stimulate the Housing Sector
Much more is needed to stimulate an under-performing housing sector, the Housing Industry Association says.
Property Developers Welcome NSW Stamp Duty Changes
Property developers have welcomed the NSW government's move to scrap stamp duty exemptions for existing homes, arguing it will help improve affordability and boost construction
Commonwealth Bank Drops Fixed Home Loan Rates
The Commonwealth Bank (ASX: CBA) has reduced interest rates for one and three-year fixed interest rate home loans by 0.16 percent.
Spanish Shipbuilder Docks in Australia
Navantia, the Spanish shipbuilder undertaking the construction of Australia’s new Air-Warfare Destroyers (AWD) and two amphibious ships (LHD), says it will establish a wholly-owned Australian entity under the corporate name, Navantia Australia Pty. Ltd.
Mesoblast to Begin Stem Cell Product Trial
Mesoblast Limited (ASX: MSB) had received clearance to begin testing a drug that it says can improve the quality of life for patients suffering acute heart attacks.
Spanish Shipbuilder Docks in Australia
Navantia, the Spanish shipbuilder undertaking the construction of Australia’s new Air-Warfare Destroyers (AWD) and two amphibious ships (LHD), says it will establish a wholly-owned Australian entity under the corporate name, Navantia Australia Pty. Ltd.
WA Businesses Face Gloomy Prospects
Business confidence has taken a beating in Western Australia, with many small businesses concerned that people are not spending.
Telstra Bosses Hurting Staff with ‘Scandalous’ Pay Rises
The decision of Telstra bosses to give themselves huge pay rises is an insult to staff battling uncertainty and pay rises that don’t keep up with inflation, the Communication Workers Union said today.
Home Renovations Can Cause Deadly Cancer: Study
A study published in the Medical Journal of Australia today pinpoints home renovations as the reason for a new wave of cases of asbestos-related cancer.
Westpac Brands Slash Fixed Home Loan Rates
Westpac's subsidiary brands, St. George, BankSA and Bank of Melbourne have cut two-year fixed rates on their package products by 15bps to 6.44 per cent, and reduced their three-year rate 5bps to 6.54 per cent.
NASA Launches Space and Time Travel App
NASA has launched a new interactive Web-based tool that lets the public travel through space and time.
Woolworths Buys Compass Hotel Group
Woolworths' retail liquor giant ALH Group has acquired the Compass Hotel Group Ltd's portfolio of 12 hotels and bottle shops in Perth.