More From Shreyashi Chakraborty
Qantas Hikes Domestic Flight Fees, Changes And Cancellations To Cost AU$119 From October
Despite declaring a AU$2.08 billion pre-tax profit for the fiscal year 2023–24, Qantas raised the change and cancellation costs for domestic flights to $119, beginning Oct. 9.
Sep 13, 2024
Star Entertainment Faces AU$100M Fine, License Cancellation Over Compliance Breaches
Despite the allegations leveled against it, the casino has been permitted to continue operating under the supervision of a regulator-appointed manager.
Sep 13, 2024
Former Qantas CEO Alan Joyce Receives AU$3.15 Million Bonus Amid Criticism
The hefty payout was in addition to his base salary of AU$381,000 for the last 67 days he worked as the CEO for the airline.
Sep 13, 2024
Father's Day Boosts Hospitality Spending In Australia, But Experts Warn Spike Could Be Temporary
The cautious spending habit of consumers was also tied to rising household prices and mortgage repayments.
Sep 12, 2024
Qantas Rejects Senator McKenzie's Call To Sell Off Jetstar Amid Anti-Competition Concerns
A Qantas spokesperson said that the ACCC's four-year monitoring of the aviation industry found no anticompetitive behavior, with domestic fares trending down and Qantas and Jetstar offering lower international fares, including 12 million Jetstar fares under $100 last financial year.
Sep 09, 2024
Westpac Names Anthony Miller CEO As Peter King Prepares To Step Down
Anthony Miller, who has been serving Westpac as the head of the business and wealth division for four years, has a strong resume in the financial industry.
Sep 09, 2024
Indigenous Workers In Northern Territory To Receive AU$202 Million In Historic Stolen Wages Settlement
The move follows similar cases in Western Australia and Queensland, where cases were settled for AU$165 million and AU$190 million, respectively.
Sep 06, 2024
Japan And Australia Strengthen Military Ties With Enhanced Joint Exercises
Japan is on high alert as China amplifies its military presence in the Asia-Pacific region. Late last month, Japan launched a protest after a Chinese military aircraft briefly entered the former's southwestern airspace for the first time.
Sep 06, 2024
Bill Shorten Announces Political Exit, Set To Become Vice-Chancellor At University Of Canberra
His new salary package reportedly will exceed AU$1 million, marking a substantial increase from his current earnings of around AU$400,000.
Sep 05, 2024
Australia Tops Global Gambling Losses With $1,635 Per Person, New Report Finds
The report also highlighted that the government's previous efforts to impose a ban were thwarted by powerful vested interests, which led to Australians losing a staggering $24 billion to gambling in 2020-21.
Sep 05, 2024
Queensland Mining Company Faces Landmark Industrial Manslaughter Charges Over Fatal Mine Collapse
Mastermyne's Crinum Mine was charged following a notorious roof collapse, which claimed the life of 60-year-old Graham Dawson in 2021.
Sep 04, 2024
Australia's Housing Crisis Deepens As National Council Chair Warns of Rising Property Prices, Supply Issues
Susan Lloyd-Hurwitz said the council was set to find solutions to the issues plaguing homebuyers for a long time and will also stress the critical need for a stronger course of action to increase the housing supply.
Sep 04, 2024
Australia's Current Account Balance Falls To AU$10.7B Deficit In June Quarter, Biggest Drop In 5 Years
In addition, the goods and services balance decreased by AU$3.9 billion, sharply diving to AU$12 billion.
Sep 03, 2024
Cost-Of-Living Crisis: 37% Western Australians Turn To Loans Or Asset Sales For Unexpected Bills, Says Survey
The survey, dating back to July, involved 1,074 participants, among which 37% said they would turn to borrowing or selling assets to foot any bill of AU$500 or more.
Sep 03, 2024
REA Group Eyes Acquisition Of UK Property Giant Rightmove, Sparking 25% Share Surge
Following the announcement by REA Group, Rightmove shares shot up 25% to £6.96 (AU$13.49) -- the highest it has reached since March 2022.
Sep 02, 2024
Treasurer Chalmers Criticizes RBA For 'Smashing' Economy With Rapid Rate Hikes
The treasurer's remarks on Sunday followed weeks of rumors regarding tensions between the RBA and the government, sparking concerns about the economy's direction.
Sep 02, 2024
Star Entertainment Trading Halted After Governance Failures Highlighted In NSW Casino Commission Report
Star Entertainment also decided to pushback publishing its annual financial results, following the release of the report.
Aug 31, 2024
Unpaid Superannuation Costs Australian Workers AU$30,000 In Retirement: Report
According to the Super Members Council (SMC), 2.8 million Australian workers were not paid their full amount of superannuation in 2021–2022, which amounted to AU$5.1 billion.
Aug 30, 2024
Australia's Crypto ATM Count Soars 16-Fold In 2 Years, Surpassing 1,200 Machines
The country is now home to over 1,200 crypto ATMs, up from just 73 two years ago, catapulting Australia as the third-largest market globally, behind the U.S. and Canada.
Aug 30, 2024
Australia, Indonesia Ink Defense Treaty, Marles Denies Pact Aimed At Countering China
Australia Defense Minister Richard Marles emphasized in a press release that the pact seeks to "bolster the strong defense ties" between both nations by "enhancing practical arrangements, strengthening interoperability and supporting increased dialogue."
Aug 30, 2024
Commonwealth Bank CEO Advocates Wealth Tax Over Income, As Company Posts AU$9.8 Billion Profit
Denouncing Greens' proposed 40% tax on excessive corporate profits as "insidious populism," Matt Comyn suggested that prioritizing popularity over genuine reform will only erode trust in institutions.
Aug 29, 2024
Wesfarmers Reports AU$2.6 Billion Profit, Driven By 3.7% Growth Amid Economic Challenges
The company's revenue also grew by 1.5%, reaching AU$44.19 billion.
Aug 29, 2024
NSW Premier Slams Federal Government's Blocking Of AU$1B Gold Mine Over Sacred Aboriginal Land Concerns
NSW Premier Chris Minns said, "I'm disappointed by the decision from the commonwealth government. The application was made in 2019. It's gone through the Independent Planning and Assessment Commission, as well as every other government department in NSW."
Aug 28, 2024
Gig Economy Workers Could Receive Pay Safety Net, Injury Insurance Under New Legislation
The Transport Workers Union (TWU) has tendered an application to the Fair Work Commission to mandate safety net payments, superannuation, and injury assistance for independent contractors, so that they can cover their weekly costs.
Aug 28, 2024
Victoria's Housing Crisis Escalates Amid Surging Demand For Homelessness Services
The Australian Institute of Health and Welfare revealed that Victoria's social housing made up a mere 2.8% of its total housing stock, the lowest ratio in the country.
Aug 28, 2024
BHP Shifts Focus To Strengthening Copper Portfolio After Seeing 2% Profit Increase
In spite of losing the $49 billion bid for Anglo American, BHP is ramping up its efforts to increase its footprint in South Australia, aimed at raising production to over 500,000 metric tonnes.
Aug 27, 2024
Bunnings And Amazon Under Senate Probe Over Supplier Treatment, Market Dominance
The Senate inquiry will bring Bunnings' business operations under the radar as it is facing scrutiny over the expansion of its grocery section, which raised the question of whether it is consistent with the industry code of conduct.
Aug 26, 2024
Construction Workers Plan Protests Over Federal Takeover Of CFMEU
Meanwhile, the Fair Work Ombudsman has cautioned the construction workers to not participate in the scheduled strike, adding that employers can deduct a minimum of four hours' pay from the wages of employees, who disregard the warning.
Aug 26, 2024
Rising Climate Risks Leave 1.6M Australian Households In Financial Strain, Report Reveals
According to the report, areas most prone to climate-related disasters, such as cyclones and floods, are experiencing a 30% surge in insurance premiums.
Aug 26, 2024
AUKUS Partnership Strengthens As US Nuclear Submarine Docks In Australia For Maintenance
The docking of the atomic-powered vessel marks the first such visit by the American nuclear sub.
Aug 23, 2024
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