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After 126 seasons of operation, the Maryborough sugar mill is to close this year
via abc.net.auAfter months of speculation, MSF Sugar says that this 2020 season is the last for its Maryborough mill. -
Bakery giant Cripps rejects union pay deal for Tasmanian workers
via abc.net.auWorkers at Tasmania's largest factory bakery are rising up against a wage offer they claim is incompatible with the cost of living, with one worker describing it as like "being on a hamster wheel". -
Australia's Bega Cheese buying Japanese dairy company; ASX set to cruise after 9-month high
via abc.net.auThe Australian share market is tipped to cruise, while Japanese conglomerate Kirin Holdings & Lion announces Bega Cheese will buy its Australian drinks and dairy arm Lion for $560 million. -
ASX tipped to cruise COVID-19 border restrictions ease nationally
via abc.net.auThe Australian share market is tipped to cruise today, after hitting a nine-month high on Wednesday as border restrictions nationally were eased. -
ASX slightly down after three weeks of breaking through its COVID-19 downer
via abc.net.auThe Australian share market falls slightly in afternoon trade, after hitting a nine-month high on Wednesday as border restrictions eased across the country. -
ASX drops from nine-month high, as COVID-19 vaccine rally stumbles
via abc.net.auAustralian shares snap their three-day winning streak, as investors cashed out after an unusually strong November rally, boosted by COVID-19 vaccine euphoria. -
ASX could go higher as COVID-19 border restrictions ease nationally
via abc.net.auThe Australian share market is tipped to continue its pandemic recovery on Thursday, as the easing of border restrictions nationally boosts investors' spirits. -
Rishi Sunak says Covid economic emergency has only just begun
via theguardian.comChancellor says in spending review that UK will have to keep spending despite record peacetime borrowingSpending review: key points at a glanceAnalysis: Sunak offers jam today in spending reviewRishi Sunak has warned Britain that its Covid-19 economic emergency has only just begun after responding to news of the deepest slump in more than 300 years by pledging a fresh £55bn to tackle the pandemic.On the day that the daily death toll from the virus reached a new second-wave peak of 696, the -
Tourists will flock to Queensland but operating capacity of venues and attractions still limited
via abc.net.auInterstate tourists are thrilled to be getting into Queensland after months away during the coronavirus restrictions, but many visitors might be disappointed as tourism and venue operators complain they are still limited to 30 per cent capacity and many still can't even open their doors. -
'No point inviting everybody in Australia to Qld': Businesses frustrated by COVID-19 restrictions despite border opening
via abc.net.auInterstate tourists are thrilled to be getting into Queensland after months away during the coronavirus restrictions, but many visitors might be disappointed as tourism and venue operators complain they are still limited to 30 per cent capacity and many still can't even open their doors. -
Rishi Sunak’s £4.8bn ‘levelling-up’ UK fund met with scepticism
via theguardian.comGroups warn chancellor’s plan may pit local communities against each otherThe government will launch a “levelling-up fund” for England worth £4bn to support towns and communities with regeneration projects, Rishi Sunak has said.The chancellor used his spending review statement to announce details of the new funding package as part of Boris Johnson’s election promise to boost the economic prosperity of areas outside London and the south-east of England. Alongside the -
'They've robbed us of our golden years': ASIC accused of acting too slowly after retiree housing group collapses
via abc.net.auThere is increasing scrutiny of ASIC's handling of a failed property scheme after documents revealed complaints were made to the financial watchdog years before the property company collapsed. -
UK private pensions ‘set to lose £96bn’ from switch from RPI inflation measure
via theguardian.comRishi Sunak’s move in spending review could result in pension holders receiving thousands of pounds less in incomeThe government will stop using the retail prices index measure of inflation in 2030, the chancellor has announced, in a move that will spell bad news for investors and retirees with payouts linked to it.The RPI has not been used as an official national statistic since 2013 but it is still the figure used for returns on index-linked gilts issued by the UK government. It is also -
UK politics: minister resigns over aid spending cut; Rishi Sunak freezes public sector pay except for NHS – as it happened
via theguardian.comLiz Sugg, minister for the overseas territories and sustainable development quits; nurses, doctors and NHS workers to get pay rise. This live blog has closed – please follow the global live blog for coronavirus updatesUK reports 696 Covid deaths – highest daily total since early MaySpending review 2020: Rishi Sunak’s key points at a glanceRecord peacetime borrowing to combat historic downturnForeign aid budget to be reduced to 0.5% of gross national income 6.21pm GMTRelated: Sp -
UK will need £27bn of spending cuts or tax rises, watchdog warns
via theguardian.comOffice for Budget Responsibility says tough decisions needed to fill spending gap by 2024
The government will need to find up to £27bn worth of spending cuts or tax rises by 2024 to put the public finances on a sustainable footing, the Treasury’s spending watchdog has warned.In a forecast for the public finances that predicted long-lasting damage to the economy following the Covid-19 crisis, the Office for Budget Responsibility (OBR) said the spending gap based on its most likely est -
How to make sense of Sunak's plans? They're about politics, not the economy | Aditya Chakrabortty
via theguardian.comCombining pay freezes with levelling up, the chancellor seems intent on cementing the deal that gave Johnson his landslidePick a Labour chancellor, any Labour chancellor, from Stafford Cripps to Alistair Darling. Now imagine the jeers, the jibes, the public derision they would endure after confessing in parliament to racking up a budget deficit of almost £400bn, total debt ofmore than £2tn and the sharpest dive in GDP in three centuries; they would be exiled to some speck in a farawa -
Sunak's spending review and Christmas 'baubles': Politics Weekly podcast
via theguardian.comHeather Stewart, Richard Partington and Rafael Behr discuss the chancellor’s spending review, and England’s move from lockdown back to a tiered system. Plus, Peter Walker, Polly Toynbee and Tim Bale look back through the history of civil wars in the Labour party
The chancellor, Rishi Sunak, stood up in the House of Commons on Wednesday and announced his latest plans for tackling soaring unemployment and levelling up the UK. To help pay for that, he is putting a freeze on the wages of -
Deadly frost and war with the French: Britain's recession of the 1700s
via theguardian.comEconomic distress caused by pandemic is the first in a very long time to have been brought about by the natural worldThe chancellor has said the government will borrow a peacetime record of almost £400bn this year in the face of the worst recession the UK has experienced in more than 300 years. But how many of us know what happened at the time of that distant milestone?Three centuries ago, Britain looked very different. The country was still largely agricultural and as such was completely -
Sunak announces record peacetime borrowing to combat historic downturn
via theguardian.comUK’s ‘economic emergency’ leads to cut in foreign aid and partial public sector pay freeze Spending review: key points at a glanceAnalysis: Sunak offers jam today in spending reviewSee all our coronavirus coverageRishi Sunak has said the government will borrow a peacetime record of almost £400bn this year as it seeks to combat the worst recession in more than 300 years. Continue reading... -
China claims 'quality' problem with Australian coal as $700 million worth sits idle off ports
via abc.net.auChina suggests almost $700 million worth of Australian coal is being held up at ports due to "environmental quality" problems. -
Gender pay gap narrowing but women still earning average of $25k less
via abc.net.auThe Workplace Gender Equality Agency's (WGEA's) latest report says all industries still have a gender pay gap that favours men and almost half of all employers are refusing to take action to address it. -
'Employers fatigued and complacent about gender equality': Women on average earn $25,534 less than men a year
via abc.net.auThe Workplace Gender Equality Agency's (WGEA's) latest report says all industries still have a gender pay gap that favours men and almost half of all employers are refusing to take action to address it. -
Australia's top diplomat urges China not to dictate to smaller nations amid tensions
via abc.net.auAustralia's top diplomat urges China not to dictate to smaller nations, saying Beijing cannot "set the terms" of its engagement with the world, and if it believes it can, "it is mistaken". -
OxyContin makers plead guilty over US opioid crisis
via abc.net.auPurdue Pharma admits in court to financially encouraging doctors to prescribe its drugs, duping the US drug enforcement agency, and blocking efforts to combat an addiction crisis that has contributed to thousands of deaths in the US. -
Investors 'torn' after settlement offer in long-running dispute with Clive Palmer's resort
via abc.net.auVilla owners caught up in a long-running legal dispute with Clive Palmer's Coolum Resort on Queensland's Sunshine Coast say they are divided over a recent settlement offer from the billionaire. -
Airport sniffer dogs redeployed as international mail poses a greater biosecurity threat
via abc.net.auInternational airports at Darwin and Cairns are once again operating without a biosecurity sniffer dog after authorities redeployed canines south to focus mostly on international mail deliveries. -
Australian businesses halt exports to China due to trade dispute fears
via abc.net.auAmid ongoing trade tensions between Canberra and Beijing, some Australian exporters are now so scared of having their products rejected at customs they have stopped shipping to China. -
Border community 'praises courage' of regional MP for speaking out against lockdown
via abc.net.auMP Nick McBride finds support for putting his "neck on the line for cross-border communities" even as SA Premier hits back over lockdown criticism saying, "listen to expert health advice". -
'We need time to get all these jobs done': Tradies appeal for HomeBuilder extension amid scramble to start work
via abc.net.auWith the December 31 deadline approaching, tradies are calling on the Federal Government to extend the HomeBuilder grant. -
A PowerPoint in coal country: Deputy PM gets a lecture on energy
via abc.net.auDeputy Prime Minister Michael McCormack receives a lecture on the sustainability of the coal industry by a local mayor on a tour through the Hunter Valley. -
Clive Palmer suffers major blow in $30 billion damages claim against WA over iron ore project
via abc.net.auThe WA Government records a victory in its legal fight with Clive Palmer over the development of a Pilbara iron ore project, with a court ruling in favour of legislation terminating the mining billionaire's massive compensation claim. -
National Cabinet urged to introduce pre-flight coronavirus testing for returning travellers
via abc.net.auSouth Australia's Premier Steven Marshall is pushing to change the regime of international flight arrivals, and wants returning citizens tested for coronavirus before they board planes. -
Industry super funds now control $163 billion more than retail super funds, setting a new record
via abc.net.auIndustry super funds now hold assets worth $163 billion more than retail super funds, setting a new record, as the political argument about superannuation heats up. -
Ahead of Black Friday sales, Oxfam releases report into ethical manufacturing of major Australian brands
via abc.net.auA new report into the manufacturing practices of major Australian fashion brands finds factory owners in Bangladesh are seeing wages drop and expenses increase. -
'Perfect storm' at Adelaide beaches as hot weather mixes with coronavirus cluster
via abc.net.auWith Adelaide set to experience its first day over 40 degrees Celsius in 10 months on Friday, beachgoers are being warned to be both water- and COVID-safe. -
'Sorry I'm late, I didn't want to come': How being a little less serious can give you a competitive advantage at work
via abc.net.auAre you funny at work? These Stanford teachers say humour is vastly underleveraged, and could lead you to career success — if you know how to use it. -
'Sorry I'm late, I didn't want to come': Harnessing humour as a superpower at work
via abc.net.auAre you funny at work? These Stanford teachers say humour is vastly underleveraged in the workplace, and could lead you to career success — if you know how to use it. -
'They're not welcome in Gomeroi': Farmers, Aboriginal leaders condemn federal approval of gas project
via abc.net.auOpposition flares up in the wake of the contentious Narrabri Gas Project clearing its final regulatory hurdle and securing environmental approval from the Federal Government. -
Cormann 'would have got COVID': PM defends $4,000 per hour plane for former senator's OECD pitch
via abc.net.auScott Morrison defends allowing a former government minister to fly around the world on a taxpayer-funded Royal Australian Air Force jet.
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