Shreyashi Chakraborty

The lawsuit, filed by The Australasian Center for Corporate Responsibility (ACCR), accused the fossil fuel company of misleading investors by "greenwashing" its net-zero claims and emissions-free blue hydrogen projects.

Following a drop in global fuel prices, its first-half jet fuel costs fell to AU$2.55 billion from AU$2.7 billion, and the share price surged 1.6% to a record AU$8.04.

A parliamentary inquiry heared Thursday that nuclear power plants may take another 10-15 years to establish, while facilities for disposing of high-level waste could require twice as long.

Herbert will take over from Anthony Miller, who becomes Westpac's CEO on Dec. 16.

The IMF revised its 2025 forecast for Australia's consumer price index to 3.6%, a significant increase from its previous 2.8% projection.

The Australia-Asia PowerLink project by Sun Cable has the potential to become the biggest solar farm and battery storage system in the world.

The sale follows closely on the heels of rival airline Jetstart announcing a massive sale forClub Jetstar members, with fares as little as AU$26.

Federal Court Judge Michael Lee has ordered Qantas to pay three impacted workers AU$30,000, AU$40,000, and AU$100,000, respectively, for "non-economic loss."

The acquisition by Louis Dreyfus Company was finalized following a year-long bidding war and a nod by the Australian Competition and Consumer Commission.

Philip Crawford, NICC chief commissioner, said The Star was found to have repeatedly violated compliance protocols and that operations inside the business "fell short of suitability."

Australia's economy added 64,100 jobs in September, whilst the prediction was of 25,000. The key driving factor of the growth was 51,600 new full-time positions.

The new precinct will be capable of servicing nuclear-powered submarines and building warships, creating around 10,000 high-tech jobs.

Rising living costs and postponed family planning were cited as the main causes of Australia's birth rate plummeting to a 17-year low, a 4.6% decrease from 2022, and a total fertility rate of 1.5 infants per woman.

The Australian government was investing heavily to address housing affordability issues in Queensland, with a whopping AU$845 million allocated to build over 1,000 new homes across seven locations in and around Brisbane. These locations include Stones Corner, Woolloongabba, Chermside, Redcliffe, Toowoomba, and Southport.

The move follows Reserve Bank of Australia's (RBA) estimates that annual surcharges total around AU$1 billion per annum, with some estimates suggesting the figure could even touch the AU$4 billion mark.

The airline's financial basis was strengthened as Qatar Airways completed its 25% equity purchase, bringing Virgin Australia one step closer to returning to public ownership.

Apart from St George, Westpac's other subsidiaries -- Bank of Melbourne and Bank SA -- were also affected by the blackout.

Concerns about national security have been raised by the Albanese government's decision to award a tourist visa to a Palestinian man who is suspected of having ties to Hamas.

The Coalition's proposed motion focused on offering "words of comfort" and "words of recognition" to the victims of the Oct. 7 tragedy, whereas the Albanese government's motion took a broader approach, acknowledging the violence in Gaza and Lebanon.

Investor and owner-occupier interest-only fixed rates have been slashed by up to 0.65 percentage points, while owner-occupier principal and interest fixed rates have been lowered by up to 0.50 percentage points.

The Tax Office redefining the term for "beer" might result in higher taxes on brewed beverages such as lagers, ginger beers, and seltzers.

In 2023, the eSafety Commissioner had issued the AU$610,500 fine for failing to effectively respond to questions regarding harmful content involving children on its platform.

Law firm Maurice Blackburn brought triple class action claims against ANZ, Westpac, St George Finance, and Macquarie Leasing over alleged exploitation of flex commission arrangements, which were banned in 2018.

The Australian government has arranged 580 seats on Thursday and Saturday flights for citizens, permanent residents, and their families who wanted to leave Lebanon.

The IMF noted in its statement that the Australian economy will likely experience a moderate slowdown in 2024, with a growth rate of 1.2%. The scenario will probably improve in 2025, with the growth rate jumping to 2.1% straight.

Under the agreement, Santos will supply up to 500,000 tons of liquefied natural gas (LNG) annually for three years, starting in Q4 2025.

The affected areas will be the Direct Insurance Australia and Intermediated Insurance Australia divisions.

The brands getting the axe are Rockmans, Autograph, Crossroads, W Lane, and BeMe, following which, Mosaic will focus on its five other brands -- Katies, Millers Noni B, Rivers, and its standalone Mosaic marketplace, Mosaic Brands, CEO Erica Berch said.

Announcing the funding, Prime Minister Anthony Albanese said his government wanted to crack down on "misleading and deceptive pricing practices and unconscionable conduct.