Accountancy news

• Fed raises official rates by 50 basis points, US stocks soar

  04-05-2022 23:44 via abc.net.au
  
  As expected, the US Federal Reserve has increased official interest rates by 0.5 per cent and flagged more 0.5 per cent rate rises. Fed chairman Jerome Powell says inflation is too high and that is hurting the American people. 
  
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• Fed raises official rates by 50 basis points, ASX gains

  04-05-2022 23:44 via abc.net.au
  
  As expected, the US Federal Reserve has increased official interest rates by 0.5 per cent and flagged more 0.5 per cent rate rises. Fed chairman Jerome Powell says inflation is too high and that is hurting the American people. The Australian market follows Wall Street higher. 
  
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• 'Lives could be lost': Outback tourist towns 'in the dark age' as Telstra outages increase

  04-05-2022 23:37 via abc.net.au
  
  Frequent phone and internet outages in popular outback Queensland towns leave residents furious. One business owner is so fed up, they are asking Elon Musk if he can help. 
  
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• 'Promises they can't keep': Remote voters cynical about election promises to close the gap

  04-05-2022 22:34 via abc.net.au
  
  With scant hope of getting jobs and crammed into crowded housing, remote Indigenous voters say they are cynical of promises to close the gap.
  
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• Planning a European holiday? It will cost more and take longer to get a passport

  04-05-2022 22:10 via abc.net.au
  
  Australians planning a summer in Europe are being warned of price hikes for limited flights and longer wait times for passport processing.
  
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• Proposed 'super-hybrid' energy project to harness pumped hydro, renewables, and $2b price tag

  04-05-2022 21:49 via abc.net.au
  
  A new facility which will use wind, solar, and pumped hydro to supply the grid and green hydrogen production has been proposed for part of an existing 7,500-acre site near Gladstone.
  
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• Australia lags behind New Zealand, Taiwan and Timor-Leste on World Press Freedom Index

  04-05-2022 11:05 via abc.net.au
  
  Reporters Without Borders describes press freedom in Australia as "fragile", citing a high concentration of media ownership and growing political threats.
  
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• "We will hold you accountable': New EU sanctions target Russian officers for war crimes

  04-05-2022 10:33 via abc.net.au
  
  Europe's sixth package of sanctions against Moscow proposes targeting military officers, Russian broadcasters and banks, and the oil that many European nations are heavily dependent upon.
  
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• EU leader calls for ban on Russian oil as Europe debates more sanctions over Ukraine war

  04-05-2022 10:33 via abc.net.au
  
  Europe's sixth package of sanctions against Moscow proposes targeting military officers, Russian broadcasters and banks, and the oil that many European nations are heavily dependent upon.
  
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• Both parties have vowed to freeze deeming rates to help pensioners after the rate rise. Here's what that means

  04-05-2022 09:10 via abc.net.au
  
  Deeming is an assumption about how much income people earn from their investments — and it's part of the process the government uses to work out whether someone is eligible for the age pension.
  
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• 'Where is all that water supposed to go?' Flood inquiry hears of failures in warnings, emergency response

  04-05-2022 08:54 via abc.net.au
  
  Northern NSW residents reel off stories of narrow escapes, criticisms of the emergency response and concerns about infrastructure making both flood emergencies worse.
  
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• 1,000 new homes on the horizon as rural shire eyes farmland for housing

  04-05-2022 08:49 via abc.net.au
  
  A south-west Victorian shire plans to address housing demand and help its regional towns grow by opening up agricultural land for as many as 1,000 new house blocks.
  
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• Newspaper publishers plead for aid as paper price surges more than 80 per cent

  04-05-2022 07:59 via abc.net.au
  
  The country's largest regional news publisher is participating in a campaign for an immediate cash injection to compensate for a sudden surge in the cost of printing newspapers.
  
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• Newbridge residents appeal for water and sewerage spending to capitalise on regional growth

  04-05-2022 07:40 via abc.net.au
  
  Residents of a Victorian shire say they are being overlooked by people migrating to regional areas due to a lack of basic infrastructure services, such as a water and sewerage system.
  
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• Gold miner hits paydirt drilling beneath Kalgoorlie Super Pit

  04-05-2022 07:35 via abc.net.au
  
  The owners of Kalgoorlie's Super Pit say they are only scratching the surface after releasing the first results from a new underground drilling campaign.
  
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• Gold miner hits pay dirt drilling beneath Kalgoorlie Super Pit

  04-05-2022 07:35 via abc.net.au
  
  The owners of Kalgoorlie's Super Pit say they are only scratching the surface after releasing the first results from a new underground drilling campaign.
  
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• Remote search for lost mine workers ends in relief

  04-05-2022 05:50 via abc.net.au
  
  An engineering company put out an urgent call for help when two workers failed to arrive after a long drive. 
  
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• Extension plans for mine beneath Sydney drinking water catchment released

  04-05-2022 05:10 via abc.net.au
  
  Opponents to South 32's plan say it "doesn't make sense" to put the catchment at risk, but supporters argue the potential economic benefits are too good to ignore.
  
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• Plan to temporarily close Tooleybuc Bridge postponed after community backlash

  04-05-2022 04:43 via abc.net.au
  
  NSW Transport Minister Sam Farraway says a new approach to repairing the bridge will be formulated after the "loud and clear" feedback from the community.
  
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• 'Never been worse': Thousands of teachers walk off job in NSW amid wage stoush

  04-05-2022 03:38 via abc.net.au
  
  Thousands of public school teachers are marching through the Sydney CBD as part of their 24-hour industrial action over wages and conditions.
  
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• 'Huge' new music festival site for the Sunshine Coast aims to attract big-name events

  04-05-2022 03:30 via abc.net.au
  
  Creators say the new festival venture could attract events like Splendour in the Grass and Byron Bay Bluesfest.
  
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• Qantas loses appeal in outsourcing case, with compensation penalties awaiting

  04-05-2022 03:23 via abc.net.au
  
  Qantas has lost its appeal against a Federal Court decision that found the outsourcing of about 2,000 ground crew workers was illegal, and now awits to hear how much in compensation it needs to pay workers, and pay in penalties.
  
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• Court rules Qantas acted illegally when it outsourced ground crew during the pandemic

  04-05-2022 03:23 via abc.net.au
  
  Qantas loses its appeal against a Federal Court decision that found the outsourcing of about 2,000 ground crew workers was illegal, and now waits to hear how much in compensation it needs to pay workers, and pay in penalties.
  
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• 'New direction' greenfield coal exploration effectively ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Deputy Premier Paul Toole says several thousand hectares in the Central West and Hunter been deemed unsuitable because of the environmental and economic implications, citing a clear market shift in the interest in building new coal mines.
  
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• Coal exploration in three Hunter, Central West zones ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Deputy Premier Paul Toole says those several thousand hectares have been deemed as not suitable because of the environmental and economic implications of greenfield infrastructure.
  
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• Coal exploration in three Hunter and Central West zones ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Greenfield coal exploration in three zones in the Hunter region and Central West is deemed not suitable because of environmental and economic implications.
  
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• 'A lot less interest' greenfield coal exploration effectively ruled out by NSW government

  04-05-2022 02:48 via abc.net.au
  
  Deputy Premier Paul Toole says several thousand hectares in the Central West and Hunter been deemed unsuitable because of the environmental and economic implications, citing a clear market shift in the interest in building new coal mines.
  
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• Big four banks hike rates, as ANZ half year profit jumps

  04-05-2022 00:19 via abc.net.au
  
  All four big banks increase their interest rates on standard variable home loans by 0.25 per cent following the Reserve Bank's first rate rise in more than a decade. 
  
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• ANZ half-year profit jumps, while Westpac tips outsized June rate rise; ASX loses ground

  04-05-2022 00:19 via abc.net.au
  
  As the big four banks lift interest rates following the Reserve Bank's move, ANZ posts a rise in half year profit, the ASX loses early gains and investors await an expected rate increase from the US Federal Reserve. 
  
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• ANZ half year profit jumps, and US stocks gain again

  04-05-2022 00:19 via abc.net.au
  
  As the big four banks lift interest rates following the Reserve Bank's first increase rate rise in more than a decade, ANZ posts a rise in half year profit, and investors await an expected rate increase from the US central bank. 
  
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