American Express Australia Fined AU$8 Million For Breach Of Credit Card Rules
The court found that Amex breached the DDO as a credit card issuer as it distributed two of its credit cards at the stores of the luxury brand between May 25 and July 5, 2022, without determining the target market.
Massive IT Outage Hits Australia's Airlines, Banks And Businesses
NAB, Westpac, ANZ, Commonwealth Bank, Bendigo Bank and Suncorp stated their functioning was impacted by the outage.
Julian Assange's Trip Back Cost AU$883,958
Germany-based Foundation will reimburse majority of the cost, Australia's tax payers will have to pay about AU$100,000 for travel expenses of U.S. and U.K. ambassadors.
Massive MediSecure Hack Exposes Data Of 12.9 Million Australians
Identifying each customer and informing them of the hack was not financially viable for the company, MediSecure stated, adding that 6.5 terabytes of data was stolen.
Australia's Unemployment Rate In June Rises To 4.1%
The uptick has made economists expect a rise in interest rate by the Reserve Bank Of Australia (RBA), when it meets in August.
Labor Blocks Donations, Severs Ties With CFMEU's Construction Wing
The Fair Work Ombudsman has stated it will investigate the allegations against the trade union including corruption and coercion claims regarding contracts.
Consumers Face Rise In Power Prices As Companies Exploit Outages To Boost Profit, AER Report Says
Following the outages, NSW failed to access low-priced electricity from southern NSW and neighboring regions. These factors enabled some of the market participants to maximize their profits.
Fortescue Will Axe 700 Senior Corporate Roles As Mining, Energy Divisions Merge
Addressing the 16,000 staff on Wednesday, executive chairman Andrew Forrest said 700 persons from Fortescue's global operations will be offered redundancies, which was expected to be finalized by July end.
Federal Government To Back Appointment Of Independent Administrator For CFMEU
Work Relations Minister Tony Burke said the government will not deregister the union, but will implement legislation if the union opposed the appointment of independent administrators.
75% Of Australians Believe Politicians Serve Their Own Interests, New Poll Reveals
Only 11% Australians marked they were "very satisfied" with the way democracy was working in their country, while 26% were "satisfied," 18% were "dissatisfied" and 12% were "very dissatisfied."
Northern Territory Election Funds: CLP Receives Double The Contributions Compared To Labor
While tech entrepreneur John-Paul Thorbjornsen was the largest single donor to CLP with AU$125,000, construction firm Ray Bail Investments Pty Ltd donated AU$204,500.
Australia's 4 Major Banks Accused Of AU$61 Billion Fossil Fuel Financing Since 2015
While NAB was the largest lender in 2023 with AU$1.4 billion, ANZ topped the list with a total of AU$20 billion in the first quarter of 2024.
Labor Faces Backlash For Promoting FMIA Using Logo Similar To Australian Made's Trademark
The logo is similar to the Australia Made logo that features a green triangle with a jumping kangaroo in the middle.
Australia Unveils AU$250 Million Military Aid Package For Ukraine: 'Will Not Be The Last'
"I'm very pleased to see the Australian government is stepping up assistance to Ukraine. I think this is also a reaction to what Russia is doing here in the region, what Russia is doing with North Korea after the signing of the security agreement," Ukrainian ambassador to Australia said.
NSW Government To Hold Drug Summit, Invests AU$33.9M In New Regional Hubs
NSW hosted a drug summit in 1999, when the state recorded the highest number of opioid-related deaths. Sydney's Medically Supervised Injecting Centre (MSIC), the first supervised drug consumption facility in Australia, was the outcome of the summit.
Economic Mobility In Australia At Risk As Income Growth Stalls For Post-1990 Generation: Report
"Weak income growth for people born in the 1990s reflects the poor economic outcomes experienced by younger people following the global financial crisis (GFC)," the report said.
Victorian Authorities Promise Thorough Probe Into Derrimut Factory Blaze
The EPA alerted the residents of Melbourne West to avoid contact with contaminated water at the surrounding suburban area after pollutants carried by water used by firefighters entered the waterways.
Greyhound Racing NSW CEO Steps Down Following Scathing Animal Cruelty Report
"This level of animal distress is appalling and can neither be condoned or excused," the report claimed. "There are cases of extreme distress, deep claw marks gouged all over the inside of metal cages and recent pools of blood from toe nails that had been ripped off from clawing at the cage door in distress."
Derrimut Chemical Factory Fire: Firefighters Say Blaze Under Control, But May Continue Burning
There were no reports of injuries, and the chemical factory workers were evacuated. The people have been told to remain indoors and a major Melbourne freeway and all roads in the area have been closed.
NSW Government Mandates Full-Day Closure For Retailers On Anzac Day
Minns said the nation's national day should be observed to recognize the people who have sacrificed for the country, adding that there was a growing trend to commercialize the Anzac Day while ignoring the day's relevance.
Australia To Set Up Over 700 Emergency Shelters For Women And Children Fleeing Violence
Prime Minister Anthony Albanese said his government was committed to end the violence, adding that the recent tragic events were a reminder that "we have a long way to go."
Home Affairs Orders Tech Audit To Counter Foreign Interference Threats
Communications Minister Michelle Rowland stated that stocktaking could be an ongoing process. "This I actually think going forward, given the threat level, given the amount of concern over foreign interference, this is may well be something that continues into the future, and rightly so."
Australia's Newly-Appointed Antisemitic Envoy To Develop National Strategy Against Prejudice
Community groups have documented a steep rise in Islamophobia and antisemitism since the Hamas attack and the Israeli bombardment in Gaza. The federal government will soon appoint an envoy to combat Islamophobia.
Australia, US Co-Host Pacific Banking Forum To Boost Regional Financial Services
Australia and the U.S. are co-hosting the two-day Pacific Banking Forum, which will have 300 participants, including representatives from Pacific countries, commercial banks and officials from the International Monetary Fund.
Melbourne Airport Rail Link: Victoria Premier Casts Doubt On 2030 Completion
On Monday, airport's CEO Lorie Argus announced their decision to support the state government's proposal in constructing an above ground station, which experts had termed a cheaper option vis-à-vis the airport's demand for an underground station.
NT Commissioner Declares Night Curfew In Alice Springs Amid Spike In Violence
The Northern Territory Commissioner announced the three-night curfew, which will apply to both children and adults.
Australians Ditch EVs For Hybrid Cars, Experts Worry Trend Will Impact Emission Goals
The resurgence of hybrids has taken the automobile industry by surprise as automakers were inclined to phasing out internal combustion engine vehicles. But, with the demand for hybrids rising, automakers Ford, General Motors, Mercedes-Benz and Volkswagen are delaying EV plans.
Gas Shortage Will Hit East Coast States Earlier Than Predicted, Warns ACCC
Though Australia produces surplus gas, a bulk of the supply is contracted for export. ACCC reported that in 2025, liquefied natural gas producers are expected to export 1369 petajoules, or about 71% of output.
Albanese Warns Against Sectarian Politics, Says It Could 'Undermine Social Cohesion'
Pointing to the Labor Party that has members from diverse religions, Albanese said, "That's the way you bring cohesion. It seems to me, as well, beyond obvious that it is not in the interest of smaller minority groups to isolate themselves – which is what a faith-based party system would do."
South-East Australia Faces Record High Atmospheric Pressure, Causing Extreme Weather
The weather station at Sheffield in Tasmania recorded a pressure of 1,044.6 hectopascals (hPa), at 10:30 am Thursday, which experts said, if confirmed, could break the previous record.