Australia To Command International Taskforce In the Red Sea Against Houthi Rebels
Since last November, Houthi rebels have increased their attacks on container ships using drones, ballistic missiles, and even an explosive unmanned vessel. Due to the attacks, many logistics companies were forced to halt the ship movement in the route that handles 12% of the world's seaborne cargo.
RBA Restructure Closer After Treasurer Jim Chalmers Addresses Opposition's Concerns
An independent review of the RBA last year recommended several proposals, including dividing the bank's board -- one responsible for monetary policy, which will continue to set interest rates, and the other, a Governance Board, to handle operations.
CFMEU Construction Arm Placed Under Administration, Hundreds Of Union Officials Get The Boot
"We know that trade unionists do a great job when they look after the wages and conditions of their members, but there's no place for corruption or intimidation in the building industry. To have a corrupt union, you need a corrupt employer to be paying them money and there's no place for it," Prime Minister Anthony Albanese said.
BOQ Announces 400 Job Cuts And Franchise Merger Amid Cost-Cutting Measures
"The current operating model and structure is not sustainable for us. Our customers are moving to digital channels ... but we have also seen very significant margin compression," BOQ's chief executive Patrick Allaway said.
Monash IVF Settles AU$56M Class Action Lawsuit Over Faulty Genetic Testing, Destroyed Embryos
The patients were told about the abnormal embryos after they underwent the non-invasive pre-implantation testing (NiPGT). However, Monash IVF later admitted that test results from the now-suspended NiPGT were 75 to 85% similar to a standard test.
Australia's Unemployment Rate Predicted To Hit 4.5% As Hiring Freeze Looms
According to a survey by accounting firm Deloitte, 101,500 Australians could become jobless in the next one year, taking the unemployment rate from the current 4.2% to 4.5%.
Australia Approves AU$30B SunCable Project To Power Millions, Send Electricity To Singapore
Backed by the tech billionaire Mike Cannon-Brookes, the project aimed to build a solar farm in NT's outback, an 800 km transmission line to Australian city, Darwin, and 4,300 km of underwater cables to supply electricity to Singapore.
NDIS Reform Bill Nears Approval Amid Backlash From Disability Community Over Growth Cap
Criticizing the deal to pass the bill, Independent senator Lidia Thorpe said, "Bill Shorten has blood on his hands for doing this dirty deal with the coalition. Labor and the coalition have teamed up to characterize NDIS participants as fraudsters, criminals and sexual deviants."
Jetstar Faces Class Action Lawsuit For Allegedly Refusing To Refund Flights Cancelled During COVID
Echo Law, the legal firm that filed the suit Wednesday, claimed even though the airline was obliged to refund the money, it gave travel credits to customers between 2020 and 2022.
RBA Warns Of Stringent Measures To Tackle Persistent Inflation
The central bank has extended its inflation rate target deadline to 2026 from the earlier forecast of achieving the target by 2025.
Australia Lost AU$9.6 Billion In 2022 Due To Long COVID's Impact On Workforce: Study
According to University of Melbourne Professor Tom Kompas, people between the ages of 30 and 49 contributed the most to the loss. "Workers in that age bracket contributed to a loss of 52 million worked hours, or more than 50% of the total labor and productivity lost in 2022," he said.
CFMEU Bill To Be Passed Soon As Labor, Coalition Agree On Administration Laws
The bill proposes a three-year minimum period of administration for the union, opportunity to grill the administrator every six months in parliament and ban on political spending while under administration.
RBA's Michele Bullock Warns Of No Near-Term Rate Cuts
Financial pundits have been betting on rate cuts by the end of the year, that would provide relief to mortgagors and renters.
AUKUS Partners Reduce Export Curbs, Pave Way For Billion-Dollar Defense Trade
Australian Defense Minister Richard Marles said, "These critical reforms will revolutionize defense trade, innovation and cooperation, enabling collaboration at the speed and scale required to meet our challenging strategic circumstances."
Federal Government Guarantees Bookings For Rex Customers Amid Administration
Administrator Sam Freeman said more than more than 20,000 passengers flew Rex in the first week of administration, adding that only the capital city routes serviced by Boeing 737s have been grounded.
Independent MP Tells Coalition Leader To Stop Being 'Racist' Amid Debate Over Gaza Refugees
Australia has accepted nearly 3,000 visa applications from Palestinians in Gaza or the West Bank, while rejecting 7,000, Home Affairs Minister Tony Burke said.
Australia's Unemployment Rate Hits 4.2% Despite Adding 58,000 Jobs In July
Based on the data from the Australian Bureau of Statistics (ABS), the market added more than 58,000 jobs in July, mostly in full-time roles, but the number of those who were unemployed grew by 24,000, which lifted the participation rate to a record high of 67.1%.
Telstra, Optus Delay 3G Closure To October End Amid Public Safety Concerns
Telecom companies delayed the shutdown following concerns regarding the inability of some phones to connect to triple zero emergency network.
ASIC Sues ASX Over Misleading Information On Troubled Software Upgrade
ASIC pointed out that a week before the February update, ASX's audit and risk committee was informed about the project's "red" status. Despite the warning, ASX updated the public in February 2022 that the project was progressing well and would go live the next April. After serious lapses, the project was finally shelved in November 2022.
Robodebt Scheme: Government To Grant APSC Power To Investigate Former Agency Heads
"This legislation will ensure that senior public servants are clearly accountable for their actions as public service leaders, even after leaving their roles," Finance Minister Katy Gallagher said.
Victoria Government Faces Backlash For Dropping Plan To Raise Age Of Criminal Responsibility To 14
In 2023, then-Victorian Premier Daniel Andrews had announced raising the age of criminal responsibility from 10 to 14 in a phased manner.
Australia's Public Sector Pay Hike Reaches 3.9%, Fastest Growth Since 2010
In the June quarter, the pay for public servants was raised by 0.9% and in March by 0.6%, contributing to a 3.9% increase in the past one year.
Arrow Energy To Develop Phase 2 Of Surat Coal Gas Project In Australia
According to Shell, the phase 2 development will produce 130 terajoules of additional gas per day at peak production.
Australian Federal Police Officers Threaten To Abandon Parliament As Pay Dispute Escalates
However, a spokesperson for AFP called the union's action illegal, as withdrawing protection from parliamentarians, Parliament House or Canberra Airport during the first week of a sitting period required a notice of five business days.
Revamped AUKUS Deal Faces Backlash Over Clauses Favoring US, UK In Nuclear Submarine Pact
The deal will remain in force till Dec. 31, 2075, provided the Australia, New Zealand and United States Security Treaty (ANZUS) alliance continues and the U.S. and the U.K. stay in NATO.
Senator Reynolds Justifies Leaking Higgins' Confidential Documents, Calls It 'Evidence' Of 'Corruption'
"I provided her with evidence of my claims of corruption and then it was up to her in how she reported it," Reynolds said. She added that Attorney General Mark Dreyfus excluded her from the mediation process to keep her silent.
Qantas Slashes Former CEO Alan Joyce's Exit Pay By AU$9.26 Million
He will lose AU$8.36 million worth of Qantas shares, based on its current share price, while his short-term incentive bonus will be cut by 33% to AU$900,000.
RBA Ready To Hike Interest Rates If Inflation Persists, Warns Governor Michele Bullock
Prime Minister Anthony Albanese rejected criticism that his government's spending was adding to inflation. He said the Labor government's two budget surpluses and several measures, which were aimed at reducing the living expenses, have helped to bring down the prices.
CrowdStrike Blames Single Undetected Sensor For Global Outage
In a 12-page detailed report, it was confirmed that an undetected sensor written into an update for its Falcon software caused the outage impacting 8.5 million Microsoft users globally.
Treasurer Jim Chalmers Eases Recession Fears, Rejects Claims Of Government Spending Fueling Inflation
Denying that government spending was boosting inflation, Chalmers said the Commonwealth's AU$300 energy bill rebate and rental assistance would bring down the Consumer Price Index (CPI).