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ANZ sells wealth management business to IOOF for $1b
via abc.net.auANZ is selling its OnePath Pensions and Investments business to IOOF for just under a billion dollars, and is the latest bank to exit wealth management. -
Wall St record highs, boosted by Apple and bank stocks
via abc.net.auWall Street's record highs were powered by a lift in technology and financials stocks, and the market's high expectations for third-quarter earnings. -
Pension crisis looming due to older worker discrimination, institute warns
via abc.net.auThe Federal Government's pension bill will rise from $45 billion to $51 billion within three years unless efforts are made to help more mature workers gain employment, the Regional Australia Institute warns. -
National Energy Guarantee 'promising' for farmers, food processors says Farmers Federation
via abc.net.auFarmers' peak body says early details of the Government's new energy plan, the National Energy Guarantee, addresses its key concerned about soaring power bills. -
Private equity firm in talks to buy Weinstein Co after sexual assault allegations
via abc.net.auThe Weinstein Company enters talks to sell the bulk of its assets to private equity firm Colony Capital, as the film production company looks for stability after the removal of disgraced co-founder Harvey Weinstein. -
Finding solutions to the UK’s housing crisis | Letters
via theguardian.comReaders respond to Britain’s chronic shortage of affordable housing with solutions of their ownLarry Elliott suggests five steps to fix the housing market (Britain’s broken housing market – and how to fix it, 9 October) which include Kate Barker’s idea of “acquiring” large sites abutting urban areas at a modest premium to their existing use. That would effectively part-nationalise development value and might help supply, although the Tories wouldn’t -
World markets climb, oil jumps on Iraq tensions - as it happened
via theguardian.comEuropean markets move higher but Spain lags on Catalonia independence uncertainty, Chinese inflation jumps and oil climbs on new supply concerns 2.23pm BSTOn a quiet day for economic news, stock markets have managed to push higher, helped by a jump in mining shares after positive Chinese data.Oil is also on the rise, fuelled by supply concerns after Iraq moved into oil-rich Kirkuk as a response to the recent Kurdish referendum. Latest reports suggest that Kurdistan has shut down some 350,000 bar -
Cabinet dumps Finkel's energy proposal for 'affordable, reliable' power plan
via abc.net.auA Clean Energy Target recommended by Australia's Chief Scientist Alan Finkel (pictured) will not be adopted, with the Federal Government instead proposing a new plan to bring down electricity prices. -
Cabinet dumps Clean Energy Target for new 'affordable, reliable' power plan
via abc.net.auEnergy retailers will be forced to source a percentage of their power from reliable, dispatchable generation, as part of an energy plan to be presented to the Coalition party room tomorrow. -
Lisa Wilkinson leaves Today Show to join The Project
via abc.net.auLisa Wilkinson's 10-year run on Channel Nine's Today Show has come to an abrupt halt, with the host moving to the rival Ten Network to co-host The Project. -
Free market economics is on trial – governments must pass a guilty verdict
via theguardian.comThatcher and Reagan’s neoliberalism orthodoxy is rightly being challenged. The new consensus must lead to a more active and effective role for the stateFree-market capitalism is on trial. In the UK, Labour party leader Jeremy Corbyn accuses neoliberalism of increasing homelessness, throwing children into poverty, and causing wages to fall below subsistence level. For the defence, the Conservative prime minister, Theresa May, cites the immense potential of an open, innovative, free-market e -
Distillery planned for historic Callington mill site
via abc.net.auIt is hoped a new whisky distillery in Tasmania's Midlands will provide much-needed job prospects for locals facing the sack when the Callington mill visitor centre closes this week. -
Young people are borrowing to cover basic living costs, warns City watchdog
via theguardian.comFCA boss raises alarm over growing debt burden of young people in UK as number of insolvent 18- to 34-year-olds in the UK jumps by a thirdThe head of Britain’s financial regulator has warned that a growing number of young people are having to borrow to cover basic living costs.Andrew Bailey, the chief executive of the Financial Conduct Authority, told the BBC that while it had not yet reached crisis levels, it was worrying that debt among young people was growing. He talked about a shift i -
Don't try this at home: swimming with humpback whales
via abc.net.auAuthorities warn amateur boaties that swimming with humpback whales is dangerous and could cost lives. -
Australia's house prices have surged more than 6,000pc since the 1960s
via abc.net.auNew research shows how much Australia's housing prices have surged over the past 55 years and reveals it has experienced the longest "upswing" compared to other advanced economies. -
AirAsia crew 'screaming' during mid-air emergency: passenger
via abc.net.auFrightened passengers onboard an AirAsia Indonesia flight between Perth and Bali say a terrifying mid-air emergency shortly after take-off was made worse because staff were panicking. -
Turnbull's man to be new energy 'tsar' under alternative to Clean Energy Target
via abc.net.auThe PM is entrusting his former chief of staff with a key role in cracking down on electricity rip-offs, as the Government looks for alternatives to the Chief Scientist's recommendation of a Clean Energy Target. -
UK inflation set to hit five-year high, raising heat on interest rates
via theguardian.comExperts predict figure of 3% for September, adding to pressure on Bank of England to hike rates for first time in decadeUK inflation is expected to hit a five-year high this week, outstripping growth in pay packets and putting renewed pressure on the Bank of England to raise interest rates.City economists forecast that the consumer price index (CPI) will be shown to have risen to 3% in September, up from 2.9% a month earlier, its highest level since 2012.Related: UK has highest inflation rate am -
Shrinking leg space makes it harder to brace in flight emergencies: expert
via abc.net.auLimited leg space on some commercial flights could be preventing passengers from properly bracing for impact in a plane crash, a researcher says. -
Food handouts increasing with skyrocketing power bills in SA
via abc.net.auThe number of South Australians requiring assistance to access food has increased by 21 per cent over the past year, a charity says, with household electricity prices, which have risen 48 per cent over the past decade, largely to blame.
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