Shreyashi Chakraborty

Mark van Dyck, who has previously served as the Asia-Pacific leader at Compass Group, will take over as Domino's chief from Wednesday.

RBA's latest decision to keep interest rates at a 12-year high of 4.35% was met with a silent market reaction, as seen by the Australian dollar's steadying around $0.6595.

Even while it mostly impacted Westpac's business and wealth division, the company's profits improved by 13% to AU$2.4 billion because of more lending to businesses in the fields of professional services, health care, and agriculture.

Prime Minister Anthony Albanese said, "We're busy prioritising all of our purchases when it comes to defence assets, we've got a considerable increase in our defence budget and we'll make sure all of the decisions that we make are in our national interest."

Qantas and Virgin Australia used carried-forward pandemic losses to dodge taxes in 2022–2023, while Netflix Australia made nearly AU$1.15 billion in the 2023 fiscal year without paying taxes.

Defense Industry Minister Pat Conroy said China's recent intercontinental ballistic missile (ICBM) test in the South Pacific particularly triggered Australia to enhance its missile stockpiles, deploy advanced naval defenses, and collaborate closely with the United States, Japan, and South Korea.

Compared to Q2, Australia's inflation rate declined one percentage point in the September quarter and broadly aligned with expectations of being between 2-3%. The drop in the inflation rate is being attributed to lower fuel prices and energy bill discounts.

Albanese, however, said he behaved openly and disclosed 22 complimentary Qantas upgrades in the register of gifts to parliamentarians, and denied any wrongdoing.

Fortescue CEO Dino Otranto said soaring demand for decarbonization was increasingly threatening Australia's position as the biggest seaborne iron ore supplier.

This move follows Federal Labor's industrial relations reforms' referendum for labour hire workers to receive equal pay as regular employees across various sections, including mining, aviation, and meat processing.

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.