Economic news

• 'Breathtaking greed' saw fraudster claim $110,000 Centrelink benefits while running $3.5m business

  20-11-2019 07:57 via abc.net.au
  
  Ali Ayad said he was surprised it took so long to get caught after admitting claiming Newstart payments and carer allowance while running a lucrative supermarket trolley collection business.
  
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• Another major festival silenced as 'panic' ripples through music industry

  16-04-2024 06:05 via abc.net.au
  
  The Australian music industry has suffered another damaging blow after the cancellation of Queensland's long-running Caloundra Music Festival.
  
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• Woolworths CEO Brad Banducci threatened with six months prison for holding Senate in contempt

  16-04-2024 04:33 via abc.net.au
  
  Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.
  
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• Woolworths CEO Brad Banducci threatened with six months in prison for holding Senate in contempt

  16-04-2024 04:33 via abc.net.au
  
  Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.
  
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• Greens senator threatens Woolworths CEO with six months in prison for contempt of Senate

  16-04-2024 04:33 via abc.net.au
  
  Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing.
  
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• UTAS Law School confirms it won't move from Sandy Bay campus into Hobart's CBD

  16-04-2024 01:05 via abc.net.au
  
  The University of Tasmania's push to move its law school into a purpose-built multi-million-dollar building in Hobart's CBD hits a roadblock, with the faculty head announcing it will instead stay at Sandy Bay.
  
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• Despite a $131m CBD building refurb, UTAS's Law School confirms it won't move from Sandy Bay

  16-04-2024 01:05 via abc.net.au
  
  The University of Tasmania's push to move its law school into a purpose-built multi-million-dollar building in Hobart's CBD hits a roadblock, with the faculty head announcing it will instead stay at Sandy Bay.
  
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• Live: Woolworths and Coles to be scrutinised over rising prices at Senate inquiry, ASX to fall

  15-04-2024 23:15 via abc.net.au
  
  Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market is set to open lower. Follow live.
  
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• Live: Outgoing Woolworths CEO Brad Banducci grilled over rising profits and supermarket prices

  15-04-2024 23:15 via abc.net.au
  
  Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market is set to open lower. Follow live.
  
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• Live: 'Not interested in your spin': Senator accuses Woolworths CEO Banducci of dodging questions, ASX to fall

  15-04-2024 23:15 via abc.net.au
  
  Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market is set to open lower. Follow live.
  
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• Live: 'Not interested in your spin': Senator accuses Woolworths CEO Banducci of dodging questions, ASX falls sharply

  15-04-2024 23:15 via abc.net.au
  
  Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market has fallen sharply. Follow live.
  
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• Live: Coles grilled on prices after Woolworths CEO fails to name key metric, ASX tumbles

  15-04-2024 23:15 via abc.net.au
  
  Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market has fallen sharply. Follow live.
  
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• Live: Coles grilled on prices after Woolworths CEO fails to name key metric

  15-04-2024 23:15 via abc.net.au
  
  Woolworths and Coles will be grilled over higher prices and rising profits during the cost-of-living crisis at a Senate inquiry in Canberra today, while the Australian share market has fallen sharply. Follow live.
  
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• Coles grilled on prices after Woolworths boss fails to name key financial metric, ASX ends lower — as it happened

  15-04-2024 23:15 via abc.net.au
  
  The bosses of Woolworths and Coles were grilled at a Senate inquiry over higher prices and rising profits during the cost-of-living crisis, while the Australian share market ended lower.
  
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• Bruce Lehrmann unlikely to face second criminal trial for rape following defemation case ruling, experts say

  15-04-2024 22:48 via abc.net.au
  
  Yesterday, Justice Michael Lee ruled that Bruce Lehrmann probably raped Brittany Higgins that fateful night in March 2019, after the pair arrived at Parliament House in the small hours. But an expert says it's unlikely a second criminal trial will go ahead.
  
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• Bruce Lehrmann unlikely to face second criminal trial for rape following defamation case ruling, experts say

  15-04-2024 22:48 via abc.net.au
  
  Yesterday, Justice Michael Lee ruled that Bruce Lehrmann probably raped Brittany Higgins that fateful night in March 2019, after the pair arrived at Parliament House in the small hours. But an expert says it's unlikely a second criminal trial will go ahead.
  
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• Smart ticketing kicks off on Brisbane ferries, replacing go cards

  15-04-2024 22:01 via abc.net.au
  
  The new system will allow commuters to touch on and off their services with a debit card, credit card or smart device. It's already in use on South-East Queensland trains and trams. 
  
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• Smart ticketing kicks off on Brisbane ferries as an alternative payment option to go cards

  15-04-2024 22:01 via abc.net.au
  
  The new system will allow commuters to touch on and off their services with a debit card, credit card or smart device. It's already in use on South-East Queensland trains and trams. 
  
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• Oil price falls despite Middle East tensions; Tesla ‘to cut 10% of staff’; Goldman Sachs profits jump – as it happened

  15-04-2024 17:07 via theguardian.com
  
  Brent crude dips to $90 per barrel as markets monitor Israel-Iran, while 14,000 jobs could be cut at TeslaMiddle East crisis live: Israel calls for new sanctions on Iran at heated UN security council meetingTesla to cut 14,000 jobs as Elon Musk bids to make it ‘lean, innovative and hungry’After 90 minutes trading, London’s stock market is lagging behind the rest of Europe.The FTSE 100 is currently down 42 points, or 0.5%, at 7953 points, dragged down by losses among oil compani
  
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• Covid pandemic made poorest countries even worse off, World Bank warns

  15-04-2024 12:00 via theguardian.com
  
  Poverty reduction drive all but halted across many nations as Bank calls for more money to tackle a ‘great reversal’Larry Elliott: At last G20 is showing how to fund an assault on povertyThe devastating impact of the pandemic on the world’s poorest countries has brought poverty reduction to a halt and led to a widening income gap with nations in the rich west, the World Bank has warned.In a report released to coincide with its half-yearly meeting, the Washington-based organisat
  
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• Five key takeways from Bruce Lehrmann's failed defamation case in the Federal Court

  15-04-2024 11:21 via abc.net.au
  
  Former Liberal staffer Bruce Lehrmann's defamation case against Network Ten and journalist Lisa Wilkinson over coverage of Brittany Higgins's rape allegation has failed. Here are the five key takeaways from Federal Court Justice Michael Lee's judgment.
  
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• Who is Lawrence Wong, the man poised to become Singapore’s fourth prime minister, on a $2.5m salary?

  15-04-2024 11:19 via abc.net.au
  
  In the more than 58 years that Singapore has been an independent nation, Australia has had 17 prime ministers, while the island nation has had just three. So, what can we expect from Lawrence Wong when the deputy leader takes over from Lee Hsien Loong next month?
  
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• 'A new generation of leadership': Singapore chooses its fourth PM in six decades — on a $2.5m salary

  15-04-2024 11:19 via abc.net.au
  
  In the more than 58 years since Singapore was granted its independence, Australia has seen 17 prime ministers, while the island nation has had just three. So, what can we expect from Lawrence Wong when the deputy leader takes over from Lee Hsien Loong next month?
  
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• WA teachers set to go on half-day strike next week as union rejects latest pay offer

  15-04-2024 05:52 via abc.net.au
  
  WA's teacher union rejects a second pay and conditions offer from the state government, stoking concerns of interruptions at schools as the union threatens to forge on with a potential strike on Tuesday next week.
  
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• Judge rules that Bruce Lehrmann raped Brittany Higgins 'without caring whether she consented'

  15-04-2024 05:24 via abc.net.au
  
  Justice Michael Lee has delivered his judgment in the defamation case brought by Bruce Lehrmann against Network Ten and Lisa Wilkinson, ruling that the evidence had proven Network Ten's substantial truth defence.
  
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• 'Hell-bent on having sex': Judge rules Bruce Lehrmann raped Brittany Higgins

  15-04-2024 05:24 via abc.net.au
  
  Justice Michael Lee is delivering a judgment in the defamation case brought by Bruce Lehrmann against Network Ten and Lisa Wilkinson.
  
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• Bruce Lehrmann raped Brittany Higgins, defamation trial judge finds

  15-04-2024 05:24 via abc.net.au
  
  Justice Michael Lee is delivering a judgment in the defamation case brought by Bruce Lehrmann against Network Ten and Lisa Wilkinson.
  
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• 'A finding on the balance of probabilities': Bruce Lehrmann raped Brittany Higgins, defamation trial judge finds

  15-04-2024 05:24 via abc.net.au
  
  Justice Michael Lee is delivering a judgment in the defamation case brought by Bruce Lehrmann against Network Ten and Lisa Wilkinson.
  
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• 'A finding on balance of probabilities': Bruce Lehrmann raped Brittany Higgins, defamation trial judge finds

  15-04-2024 05:24 via abc.net.au
  
  Justice Michael Lee is delivering a judgment in the defamation case brought by Bruce Lehrmann against Network Ten and Lisa Wilkinson.
  
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• Live: 'Never heard anyone give less answers': Bunnings grilled at supermarket inquiry, ASX falls

  15-04-2024 01:20 via abc.net.au
  
  A fall on Wall Street has sent Australian stocks lower, while the US dollar has jumped as investors have grappled with rising geopolitical tensions and persistent inflation that could lead to diverging monetary policy between the US and Europe. Follow the latest updates in our live blog.
  
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