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Watch live: Bernie Sanders hosts a town hall on inequality
via theguardian.comJoin Sanders from 7pm ET as he convenes a discussion on inequality with Elizabeth Warren, Michael Moore and more guestsWatch live as Senator Bernie Sanders hosts a town hall on inequality in America. Sanders has said: “The issue of oligarchy and wealth and income inequality is the great moral issue of our time. It is the great economic issue of our time and it is the great political issue of our time, yet it gets very little coverage from the corporate media.” To discuss inequality, -
TPG Telecom first-half profit drops 11pc over NBN costs
via abc.net.auTPG says its weaker results were due to NBN costs, and slashes its dividend to a quarter of last year's figure. -
Facebook's value slides by $36bn as data breach rocks shares - as it happened
via theguardian.comAll the day’s economic and financial news, as social media giant is hit by exposure of data breach involving Cambridge AnalyticaLatest: Facebook shares close down 6.7%Investors spooked by Cambridge Analytica revelationsNew details emerge tonightNo 10 ‘very concerned’ over Facebook data breach by Cambridge Analytica 9.07pm GMT Time for a recap:Around $36bn has been wiped off Facebook’s market capitalisation, after its worst day’s trading in several years. Shares slum -
Facebook loses $US35b after massive data breach, tech stocks lead Wall Street sell-off
via abc.net.auFacebook faces pressure to explain how 50 million user profiles were potentially used to help Donald Trump's election campaign, while the broader technology sector sinks Wall Street. -
Dementia patient 'coerced' out of $60,000 to fund gambling binge in suspected financial abuse cluster
via abc.net.auA case where a woman with dementia was able to take out $100,000, and another where $60,000 was withdrawn to fund a gambling binge are among seven instances of suspected financial abuse in Darwin in just five months. -
QR drivers on the money train pocketing up to $75k in overtime
via abc.net.auQueensland Rail drivers and guards are pocketing tens of thousands of dollars a year in overtime as the organisation struggles to recruit dozens more crews to fill a staffing shortfall, new figures show. -
Secretive $270m Brisbane council investment arm risks heavy losses: economist
via abc.net.auA leading economist joins the call for Brisbane City Council's investment arm to face public scrutiny amid concern it is secretly exposing ratepayers to unnecessary financial risks. -
'I knew the bills were racking up': How does a road toll debt spiral to $200k?
via abc.net.auIn Queensland and Victoria fines for unpaid tolls are clogging the court system, with some motorists left with debts as large as $200,000. It's a situation that has some experts calling for law reform. -
Wall Street slides as Facebook breach revelations spark selloff – live updates
via theguardian.comAll the day’s economic and financial news, as social media giant is hit by exposure of data breach involving Cambridge AnalyticaLatest: Facebook shares down 7%Investors spooked by Cambridge Analytica revelationsNo 10 ‘very concerned’ over Facebook data breach by Cambridge Analytica 7.22pm GMT7.06pm GMT Newsflash: Facebook has just released a statement, saying it has hired a forensics firm to investigate the claims against Cambridge Analytica.The social media giant says that Cam -
Woman killed by self-driving Uber vehicle
via abc.net.auUber suspends all of its self-driving testing after what is believed to be the first fatal pedestrian crash involving the vehicles. -
Autonomous Uber vehicle kills woman pushing bike across street
via abc.net.auUber suspends all of its self-driving testing after a woman was hit while walking her bike across a four-lane road in Arizona. -
Of course homelessness is linked to Tory policies | Letters
via theguardian.comLetters: Cuts have contributed significantly to a crisis of housing affordability and growing homelessnessThe homelessness minister, Heather Wheeler, told the Guardian she does not know why the number of rough sleepers has gone up so significantly in recent years but does not accept that the rise is related to cuts to social security or council services (Report, 18 March, theguardian.com). She must be unaware of the abundance of evidence demonstrating that such cuts have contributed significantl -
Facebook's value drops 5% or $27bn after data revelations; bid battle for GKN continues - live
via theguardian.comAll the day’s economic and financial news, as turnaround specialist Melrose keeps fighting to take control of UK engineering group GKNLatest: Facebook shares fall 5%Melrose: We’d put £1bn into GKN pension pot
GKN: Our plan to sell Driveline makes more sense
Unions fear job losses and asset-strippingPound jumps on Brexit transition deal hopes 4.20pm GMT The Facebook controversy means investors are shying away from risk in general, sayd Chris Beauchamp, chief market analyst at IG -
How economies could insure themselves against the bad times | Robert Shiller
via theguardian.comIssuing GDP-linked bonds is akin to buying insurance against economic distressThe time has come for national governments around the world to start issuing their debt in a new form, linked to their countries’ resources. GDP-linked bonds, with coupons and principal that rise and fall in proportion to the issuing country’s GDP, promise to solve many fundamental problems that governments face when their countries’ economies falter. And, once GDP-linked bonds are issued by a variety -
Airport link tunnel borer shut down for a month after 'ground disturbances'
via abc.net.auOne of the two tunnel boring machines being used to create the new Perth Airport rail link has been shut down for more than a month after problems surfaced with the high-profile public transport project. -
'Unwell' Aung San Suu Kyi cancels public appearance
via abc.net.auHours after speaking with Prime Minister Malcolm Turnbull in Canberra, Myanmar's leader Aung San Suu Kyi pulls out of her only public speaking arrangement in Australia, citing ill health. -
Yanis Varoufakis: 'Macbeth is at the mercy of forces beyond his control, like Theresa May'
via theguardian.comThe Greek former finance minister talks about the lessons politicians could learn from Shakespeare, ahead of a lecture in LondonIs Theresa May Macbeth? Might King Lear agree with Jeremy Corbyn? On Monday night, one of Europe’s leading political thinkers – former Greek finance minister Yanis Varoufakis – will tell a London theatre audience the lessons for contemporary politics and economics that he believes can be found in Shakespeare’s plays. Varoufakis achieved Europe-wi -
Heinz 'healthy food' claim deemed misleading by Federal Court
via abc.net.auFood giant Heinz misled the public about the nutritional benefits of its Little Kids Shredz range by packaging the product to suggest it was beneficial to children, the Federal Court finds. -
CBA, ANZ hauled over the coals at banking royal commission
via abc.net.auThe royal commission grills Commonwealth Bank for aggressively selling credit card insurance to unemployed people, while ANZ is accused of breaking responsible lending laws. -
ANZ at risk of breaching responsible lending laws, royal commission hears
via abc.net.auThe royal commission's senior counsel effectively accuses ANZ of breaking responsible lending laws by taking no steps to verify the living expenses declared by mortgage applicants.
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