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Wesfarmers back on acquisition trail with $1.5b bid for rare earths miner Lynas
via abc.net.auThe WA conglomerate has made a $1.5 billion offer for Lynas, dipping into its war chest from the spin-off of Coles and the sale of its coal assets and Kmart Tyre and Auto. -
Another birthing ward to shut amid 'maternity crisis'
via abc.net.auAnother private hospital is poised to shut down maternity services in Queensland, as new data shows a significant shift away from private births. -
'Blind faith and ideology': Former energy watchdog slams shift towards complex power prices
via abc.net.auFor a decade, he regulated the energy industry in one of Australia's biggest states. Now Ron Ben-David is alarmed by the rise of complex, and often punishing, power tariffs. -
'Blind faith and ideology': Former energy watchdog boss slams shift towards complex power prices
via abc.net.auFor a decade, he regulated the energy industry in one of Australia's biggest states. Now Ron Ben-David is alarmed by the rise of complex, and often punishing, power tariffs. -
'Leave my hopes, dreams and country behind': Desperate HECS debtors brace for another large increase
via abc.net.auHECS-HELP debts are forecast to rise between 4.2 and 4.8 per cent this year, the second-highest rise in a decade. -
'Completely overwhelmed and disillusioned' : HECS debtors fear another looming indexation slug will spoil their future
via abc.net.auHECS-HELP debts are forecast to rise between 4.2 and 4.8 per cent this year, the second-highest rise in a decade. -
Bank of England governor shrugs off smaller-than-expected fall in inflation
via theguardian.comAndrew Bailey says inflation is in line with BoE forecasts but markets view data as pushing back interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% -
UK interest rate cut hopes fade after inflation falls by less than expected – as it happened
via theguardian.comCity investors trim their forecasts for rate cuts this year, after inflation falls by less than expected to 3.2%Full story: UK inflation falls to 3.2%, the lowest level since September 2021Middle East conflict risks sharp rise in oil prices, says IMF
The UK’s annual inflation rate fell in March for a second consecutive month, dropping to 3.2% – the lowest level since September 2021 – easing pressure on households amid the cost of living crisis.Figures from the Office for Nation -
Beware risks of voter giveaways to public finances, countries facing elections told
via theguardian.comIMF says reduction in national insurance may have made cutting UK national debt more difficultThe International Monetary Fund has issued a strong warning to Britain and other countries facing elections this year to avoid voter giveaways that might pose risks to their public finances.In its half-yearly fiscal monitor, the IMF said the reduction in national insurance contributions (NICs) announced by Jeremy Hunt in his budget last month may have already made cutting the UK’s national debt mo -
Sunak hopes of pre-election interest rate cuts frustrated by inflation slow puncture
via theguardian.comShift in rate reduction predictions to autumn hits prime minister’s strategy of winning back mortgage payersUK inflation falls by less than forecast to 3.2%, cooling rate cut hopesWhen the Bank of England governor, Andrew Bailey, told an event in Washington on Tuesday that the UK economy was “disinflating”, it raised the hopes of mortgage payers and indebted businesses that a cut in the cost of borrowing could be on the way soon.But less than 24 hours later, the latest UK infla -
Billions more in overseas aid needed to avert climate disaster, say economists
via theguardian.comPressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summitGovernments of wealthy countries must pledge hundreds of billions more in overseas aid payments channelled through the World Bank to avert the worst effects of the climate crisis, civil society experts and economists have said.The International Development Association fund, the arm of the World Bank that disburses loans and grants to poor countries, is worth about $93bn (£b75n) but that figure -
Nullarbor floodwaters still waist-deep a month after drought-breaking rain
via abc.net.auFloodwaters on the Nullarbor are slowly starting to recede more than a month after drought-breaking rain cut off outback pastoral stations in one of Australia's most isolated regions. -
Hundreds protest, arrests made in clash over Brunswick Heads housing development
via abc.net.auPolice arrest a number of protesters fighting to block a housing development bound by a tract of coastal heathland in northern New South Wales. The 18-hectare site in the popular coastal town has been approval for 124 houses. -
How an unexpected call from a debt collector paved the way for one of Mr Luke's biggest financial wins
via abc.net.auIt's Pay Day! Luke Springer — better known as Mr Luke — reveals the splurges he refuses to give up, and how getting called upon by a debt collector paved the way for an important financial victory. -
Optus customer who lost $10,000 from bank will leave telco after second fraud attack
via abc.net.auAndrew Ryder was recovering from a $10,000 fraud attack when his Optus account was hacked a second time. -
Optus customer hit by fresh security breach a week after $10,000 was taken from bank account
via abc.net.auAndrew Ryder was recovering from a $10,000 fraud attack when his Optus account was hacked a second time. -
'They can get some out or miss out': Cash-only country pub gets tick from punters
via abc.net.auWhile many businesses across Australia are becoming cashless, Western Australia's King River Tavern only accepts cash — and its owner Sam James says the approach has struck a mostly positive chord. -
As more businesses becomes cashless, this country pub is cash-only and there are few complaints
via abc.net.auKing River Tavern owner Sam James says her cash-only approach has struck a mostly positive chord in recent years. -
The cracks in Australia's economy are starting to appear as business insolvencies hit record highs
via abc.net.auAustralia's economic cracks are widening, with a record number of businesses now under external administration and many heading for collapse under the weight of weak demand, rising costs and large tax debts. -
'I had to beg and grovel': Why banks are refusing to give older people credit cards
via abc.net.auWhen Jacqui Bauer applied for a credit card she discovered she had no credit rating, due to only having a joint bank account with her former husband, and was therefore deemed "high risk" by the banks despite earning a stable income. -
Outback miner ditches 4WD for EV amid potential expansion of charging network
via abc.net.auJustin Searle's mates raised their eyebrows when he decided to go electric, but the Queenslander says he is yet to hit a bump in the road. -
Live: Supermarket inquiry slammed as 'populism', as former ACCC chair ponders if retailers are actually gouging
via abc.net.auMeanwhile, the Australian share market is set to trade down, as several major indexes on Wall Street do the same. That is as the head of the US Federal Reserve suggests inflation hasn't been hosed down. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. -
Live: ASX to fall, as US markets drop on more US Federal Reserve inflation chatter
via abc.net.auThe head of the US Federal Reserve is suggesting inflation hasn't been hosed down enough, sparking speculation that rates won't be dropped sooner. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. -
ASX ends lower amid geopolitical, interest rate uncertainty — as it happened
via abc.net.auThe Australian share market has finished slightly in the red as traders await further indications about the likely path of interest rates and the conflict in the Middle East. See how the day unfolded on our business news blog. -
Pedestrians rush into historic Copenhagen building to save artwork from blaze
via abc.net.auBystanders have joined workers to try to save art in Copenhagen's Old Stock Exchange building after a blaze engulfed its spire. Here's what we know. -
Pain in WA supermarkets set to linger as shoppers face at least another week of stock shortages
via abc.net.auIt's been more than a month since flooding cut off vital freight routes into Western Australia and supermarket shelves are still suffering, with dairy products, meat and other groceries set to remain in short supply for some days yet. -
More empty shelves ahead in WA supermarkets as Coles and Woolworths try to restock stores
via abc.net.auDairy products, meat and other groceries are set to remain in limited supply across Western Australia for at least another week, as supermarkets struggle to recover after widespread flooding cut off critical transport routes last month. -
Dairy, meat, other groceries in short supply for another week, one month on from devastating WA floods
via abc.net.auIt's been more than a month since floodwaters cut off vital freight routes into Western Australia, but supermarket shelves are still suffering. Suppliers now admit stock shortages could last another week. -
Clustering of AI firms in south and east of England will foil levelling up – report
via theguardian.comHi-tech ‘golden triangle’ of Oxford, Cambridge and London risks deeper regional inequalities, says thinktankInvestments in new technologies such as artificial intelligence (AI) are “profoundly skewed” towards the “golden triangle” of Oxford, Cambridge and London, and risk deepening existing regional inequalities in England, according to research.Ministers have promised to level up the country, narrowing the gap between the best- and worst-performing areas, but -
Hundreds of people found their favourite band was dropped from a festival. Can they get a refund?
via abc.net.auOrganisers of the touring Pandemonium Rocks music festival are refusing full refunds to ticket holders after major changes to the event, despite stipulations in Australian Consumer Law.
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