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Airnorth cancels flights across NT, blames pilot shortage
via abc.net.auRegional airline Airnorth cancels flights across the Northern Territory, forcing frustrated passengers to drive hundreds of kilometres to make connecting flights out of Darwin. -
Australian dollar surges against greenback — almost at US80c
via abc.net.auAs the US greenback continues to weaken and the euro hits a three-year high, the Australian dollar is close to passing the US80c threshold. -
Drivers are forking out billions in road tolls but effect on congestion up for debate
via abc.net.auAustralians are paying more for road tolls than they are on car-related stamp duty, with new figures showing the 16 tolls crisscrossing Sydney, Melbourne and Brisbane raking in almost $2.7 billion a year. -
Brexit is hampering UK productivity, says Bank policymaker
via theguardian.comSilvana Tenreyro, a member of the bank’s monetary policy committee, said firms will delay investment due to uncertaintyThe uncertainty caused by Brexit is deterring companies from investing and hampering Britain’s ability to close its productivity gap with other leading developed countries, a Bank of England policymaker has warned.Silvana Tenreyro, one of the nine members of Threadneedle Street’s monetary policy committee (MPC), which sets UK interest rates, said 75% of the dec -
No-deal Brexit would cost EU economy £100bn, report claims
via theguardian.comTrading bloc would suffer more in lost output than thought, although lack of trade deal would cost UK around £125bnA no-deal Brexit would cost the remaining 27 EU nations €112bn (£99.5bn) in lost economic output, according to research by a UK-based thinktank.Although the UK would still be the biggest loser from crashing out of the EU single market and customs union without a new trade deal – with a cost to the economy of £125bn by 2020 – the EU would also suffe -
Donald Trump is making America's deficits great again
via theguardian.comRepublican tax cut will widen the trade and current-account deficits, the opposite of what was promisedUS President Donald Trump and congressional Republican allies have succeeded in passing their big tax legislation. While it lacks many of the desirable attributes of true tax reform, it amounts to a success for Trump, who failed to deliver any other major piece of legislation during the first year of his administration. But what will it mean for Trump’s other major promise, to cut the US -
Brexit could cost Scottish economy £16bn a year – report
via theguardian.comNicola Sturgeon says updated analysis strengthens case for UK staying in EU single marketScotland’s economy faces losing up to £16bn a year as a result of leaving the EU, according to a Scottish government forecast.The updated analysis warns that a hard Brexit, in which the UK falls back on World Trade Organisation rules, would cost Scotland up to £12.7bn and cause real household incomes to fall by 9.6%, or £2,263 per head. Continue reading... -
What I learned about capitalism from running a stall on Portobello market
via theguardian.comBargains were snatched from the shoppers who needed them in order to make bigger profits from people with fatter wallets. It was the trickle-up effect at work – much like our system nowI once had a stall in the Portobello Road market, when it still had a cheap, rubbishy end where you could find thrilling bargains. My stall was at this fascinating, vibrant end, between a book stall and a bric-a-brac stall, on a pavement forecourt facing the public lavatories.Every Saturday, the bookseller, -
So you're thinking about investing in bitcoin? Don't
via theguardian.comA collective insanity has sprouted around the new field of ‘cryptocurrencies’, causing an irrational gold rush. I know you’re tempted, but don’t be a foolI’ve been watching this bitcoin situation for a few years, assuming it would just blow over.
But a collective insanity has sprouted around the new field of “cryptocurrencies”, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories – and ques -
Fitch gives bank profits a negative scorecard in 2018
via abc.net.auThe banking royal commission, high household debt and the rebounding US and European economies are some reasons why Fitch has a negative outlook for Australian banks in 2018. -
Qantas admits 'oversight' in listing Taiwan, Hong Kong as countries
via abc.net.auQantas is the latest international company to admit error in listing some Chinese territories, including Taiwan and Hong Kong, as countries on parts of its website. -
Thousands march in solidarity with Fiji's protesting airport workers
via abc.net.auThousands of Fijians march through the town of Nadi in support of protesting workers at the country's main international airport who say they have not had a pay increase in more than a decade. -
'Free advertising' at Australian Open for electronics giant
via abc.net.auGiant Chinese home appliance company Hisense is receiving major advertising and international brand exposure at one of the Australian Open's major stadiums, despite its name rights contract expiring six months ago. -
Victims of bad bank behaviour to share stories at royal commission
via abc.net.auCustomers ripped off by the banks will have the opoortunity to have their complaints heard by the financial services royal commission, the commission says, after days of uncertainty and pressure from unions. -
Banking inquiry to ask victims to share stories
via abc.net.auVictims of bad bank behaviour will be called on to share their stories, the financial services royal commission confirms. -
Adelaide firm plans to almost double workforce over three years
via abc.net.auElectronics manufacturer Entech plans to boost its current workforce of 80 to a total of 140 in three years, as it chases more medical technology, defence and aerospace work. -
Workers can't bargain on a good pay rise
via abc.net.auIf you're a worker who's been waiting years for a decent pay rise you may have to wait a couple of years longer, warns investment bank UBS. -
Sydney Seaplanes set to resume flights after Hawkesbury River crash
via abc.net.auSydney Seaplanes is resuming operations this week after the New Year's Eve crash which claimed the lives of six people in the city's north. -
Love is in the Air songwriters sue US duo over alleged copyright breach
via abc.net.auThe songwriters behind one of Australia's biggest pop hits, Love Is In The Air, are taking court action against an American band and Air France for allegedly ripping off the tune. -
Baby formula maker offers salmonella compensation as 12 million tins recalled
via abc.net.auFrench dairy company Lactalis pledges to compensate "every family" caught up in a salmonella contamination as it recalls 12 million tins of its powdered baby milk. -
Renewable energy investment 'bonanza' is coming to Australia
via abc.net.auExperts believe a string of new renewable energy investments could be the beginning of the end for Australia's energy crisis.
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