• AUKUS was a tough sell already, and now it seems local industry will miss out

    When Australia signed up to the AUKUS pact, it committed to enormously expensive nuclear-powered submarines. And if rumours of the US taking over their construction are true, there will be little if any benefit to Australian workers.

  • Apple to manufacture iPhone 14 in India

    Apple will make its latest iPhone 14 in India, as manufacturers shift production from China amid geopolitical tensions and pandemic restrictions that have disrupted supply chains for many industries. “The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be manufacturing iPhone 14 in India,” Apple said in a […]

  • Crises risk recession in nations: OECD

    Global economic growth is slowing more than was forecast a few months ago in the wake of Russia’s invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD says. While global growth this year was still expected at 3.0 per cent, it is now projected to slow to […]

  • Australia not safe from economic downturn

    Australia’s economy may be faring better than those of Europe and the US, but the nation is not safe from gloomy global prospects. Global growth is expected to ease from three per cent in 2022 to 2.25 per cent in 2023, the Organisation for Economic Co-operation and Development’s interim economic outlook shows. Plenty of uncertainty underpins […]

  • AFP launch investigation into Optus breach

    A federal police investigation has been launched into the data breach of personal information of millions of Optus customers. Operation Hurricane has been established by the AFP to identify the people behind the breach, as well as prevent identity fraud of those affected. The agency said in a statement it was aware of reports of […]

  • Tully named as new Jetstar chief executive

    Long-serving Qantas executive Stephanie Tully has been tasked with leading budget airline Jetstar through ongoing turbulence for the industry. Ms Tully, who is chief customer officer for Australia’s national carrier, will take over from Gareth Evans in November. She will be replaced by Markus Svensson in her current role. Jetstar apologised earlier this month after its […]

  • Tully named as new Jetstar chief executive

    Long-serving Qantas executive Stephanie Tully has been tasked with leading budget airline Jetstar through ongoing turbulence for the industry. Ms Tully, who is chief customer officer for Australia’s national carrier, will take over from Gareth Evans in November. She will be replaced by Markus Svensson in her current role. Jetstar apologised earlier this month after its […]

  • Paralympian to chair disability board

    Paralympian and disability advocate Kurt Fearnley has been appointed the new chair of the National Disability Insurance Agency. He will be the first person with a disability to chair the board of the agency which oversees the National Disability Insurance Scheme. The government also named experienced bureaucrat Rebecca Falkingham as the new chief executive of […]

  • Motorists warned to fill up ahead of tax

    Motorists are being urged to fill up before the return of the full fuel excise, which will tack on an extra 25 cents a litre at the pump. The excise was temporarily halved by the Morrison government in May to insulate drivers from soaring petrol costs largely caused by the conflict in Ukraine. The Labor […]

  • Star acting chief executive Hogg resigns

    Star Entertainment acting chief executive Geoff Hogg has resigned after a review finding the company unfit to hold a NSW casino license. A final departure date has yet to be determined, Star told the ASX on Monday. Star’s interim chairman, Ben Heap, will assume the role of executive chairman on an interim basis until Robbie Cooke […]

  • NSW won't help Queensland collect land tax

    NSW Premier Dominic Perrottet is vowing to resist a request from the Queensland government to provide data that would enable it to hike land taxes for thousands of residents across the border. Under controversial land tax changes proposed by the Palaszczuk government, NSW investors with Queensland property holdings would pay thousands of dollars in extra charges. […]

  • Australia not immune to global downturn

    Treasurer Jim Chalmers warns the nation is not immune from the “deteriorating” global outlook while flagging a “national conversation” about potential tax hikes. Dr Chalmers remains optimistic about the near future of the Australian economy but warns of difficulty ahead as the global economy deteriorates. “We won’t be completely immune from that,” he told the ABC […]