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Dow plunges 508 points, as Wall Street falls deeper into correction territory
via abc.net.auVolatility is becoming the new norm on stock markets, with Australian shares set to follow Wall Street's plunge over fears of a US recession and rate hikes. -
Trees are worth billions to Australia's economy — but how we value them is changing
via abc.net.auMoney might not grow on trees, but they are becoming more profitable. And it's not just about forestry and timber — the tree economy has many diverse branches. -
The economics of trees: Why they're worth billions
via abc.net.auMoney might not grow on trees, but they are becoming more profitable. And it's not just about forestry and timber — the tree economy has many diverse branches. -
The historic Tasmanian town that's missing one thing — tourists
via abc.net.auThe closure of the historic flour mill at Oatlands, an hour north of Hobart, knocked the wind out of the tiny town's tourism sails. But locals are hoping a planned whisky distillery could provide a lifeline. -
Arnhem Land cashes in on red bush apples
via abc.net.auRed bush apples make their way onto top chefs' shopping lists, creating opportunities for remote Indigenous communities in Arnhem Land. -
Hugh paid Wotif hundreds of dollars per night for this view. He got a basement
via abc.net.auHugh Selby booked a beachfront Hawaiian getaway for his family — what he got was a basement in a rundown building. Now a tribunal has found he can recover compensation from travel booking website Wotif, rather than the hotel. -
Hugh paid hundreds of dollars per night for this view. He got a basement
via abc.net.auHugh Selby booked a beachfront Hawaiian getaway for his family — what he got was a basement in a rundown building. Now a tribunal has found he can recover compensation from travel booking website Wotif, rather than the hotel. -
The 1959 true crime stories that saved a man's life and launched Rupert Murdoch's career
via abc.net.auIn 1959, an Indigenous man who worked at a travelling carnival was accused of raping and killing a child. A true crime episodic saved him from death row and made the career of a young Rupert Murdoch. -
In 1959 a true crime episodic saved a man's life, and Rupert Murdoch was in charge
via abc.net.auIn 1959, an Indigenous man who worked at a travelling carnival was accused of raping and killing a child. A true crime episodic saved him from death row and made the career of a young Rupert Murdoch. -
How Rupert Murdoch helped save a man from death row
via abc.net.auIn 1959, an Indigenous man who worked at a travelling carnival was accused of raping and killing a child. A true crime episodic saved him from death row and made the career of a young Rupert Murdoch. -
Asos shares plunge by 40% as profit warning rocks retail sector - as it happened
via theguardian.comRolling coverage of the latest economic and financial news, as online fashion group suffers a “significant deterioration” in pre-Christmas tradingLatest: Asos shares plunge Asos holds conference call after profits warningIntroduction: Asos profits warning!
Full story: Asos has cut sales and profit forecastsTrading weaker in UK, France and Germany 4.59pm GMT Finally, after a very rocky day, ASOS shares have closed at £26.14, a slump of 37.5%.That wipes £1.3bn off its value -
'Peak stuff', interest rates and a dollop of Brexit have retailers worried
via theguardian.comThe UK high street is suffering and now even online outlets are feeling the pinchTake a high street in the throes of structural upheaval. Add a large dollop of Brexit uncertainty, a pinch of unusually warm weather and what do you get? The sort of dish that will turn the stomach of even the toughest retailer.This is the crunch time for shops and online shopping outlets. Christmas is when consumers tend to spend more freely and many retailers make their profits. Last year, November and December ac -
Malaysia files criminal charges against Goldman Sachs over 1MDB scandal
via abc.net.auMalaysia files criminal charges against Goldman Sachs and two former executives for their role in the alleged multi-billion-dollar ransacking of state investment fund 1MDB. -
Student loan shake-up puts £12bn hole in public finances
via theguardian.comNational deficit increases after ONS says student loans count as government spendingPhilip Hammond is facing a £12bn hole in the public finances this year after changes to the way student loans are treated on the government’s books, reflecting that many will never be repaid.In a stroke of the pen from the Office for National Statistics, student loans will now be treated as part financial asset in the national accounts, because some will be repaid, while part will be classified as gov -
Tigerair flight turns back to airport after 'threat' on board
via abc.net.auThe captain was alerted to the threat 20 minutes after take-off and decided the safest course of action was to turn around. -
Brexit worries and bad weather cloud the Christmas high street
via theguardian.comUK consumers are reining in spending as economic uncertainty dents footfall and hits salesRetailers vying for customers in the last full week of trading before Christmas are in for a tough time according to the latest predictions, with footfall expected to fall by about 3% this week as cash-strapped shoppers rein in spending.The forecast by retail analysis firm Springboard adds to the bleak picture facing the sector in the key festive trading season, as consumers uncertain about what Brexit will -
Britain's goods exports 'collapse' to three-year low amid Brexit unease
via theguardian.comTrade monitor reveals firms also affected by ‘significant’ economic turmoil in EuropeBritain’s goods exports have “collapsed” to levels not seen for three years in response to growing Brexit uncertainty and slowdowns in the Chinese and the US economies, according to a quarterly trade monitor.Business consultants BDO found that the UK’s goods exports, which have suffered a slowdown in growth since the beginning of 2017, contracted in the last three months of th -
Why are the Tories still seen as strong on the economy? | Nesrine Malik
via theguardian.comDespite Brexit chaos and the failures of austerity, Theresa May still says Britain’s greatest threat is a Corbyn government It usually takes time for established preconceptions to catch up with reality. For political parties, conventional wisdom about their characteristic strengths and opponents’ weaknesses is their bread and butter. It underpins David Cameron’s now famously ironic tweet, ahead of the 2015 election, that the British faced a choice between stability with the Con -
ASIC challenges AMP on documents relating to fees-for-no-service scandal
via abc.net.auAustralia's corporate regulator launches legal action in a bid to the force troubled financial services giant to hand over documents related to the company's fee-for-no-service scandal. -
Jetstar singled out as the 'worst offender' for misleading ticket refund policies
via abc.net.auQantas, Virgin Australia, Jetstar and Tigerair are reviewing their refund policies after an ACCC investigation reveals they refused to offer refunds even if a flight was cancelled or there were significant delays. -
Airlines investigated for misleading refund policies
via abc.net.auQantas, Virgin Australia, Jetstar and Tigerair are reviewing their refund policies after an ACCC investigation reveals they refused to offer refunds even if a flight was cancelled or there were significant delays. -
Woolworths denied permission for shelf stackers to work Christmas Day
via abc.net.auThe supermarket chain loses a bid to secure an exemption from retail legislation that would have allowed its staff to stock shelves during the early hours of Christmas Day, with the industrial umpire citing a lack of evidence of "exceptional circumstances". -
Colin Kroll, co-founder of HQ Trivia, found dead
via abc.net.auColin Kroll, a 34-year-old tech executive who co-founded the HQ Trivia app, has died. -
NSW council warns it will run out of space for landfill in as little as a year
via abc.net.auNSW councils like Coffs Harbour, which is set to run out of space for landfill in "between one and three years", complain that the State Government is collecting landfill waste levies from them without reinvesting it in recycling facilities.
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