Analyst news

• TWU demands Qantas pay back $2.7 billion pandemic relief as airline sees record annual profit, ASX slips — as it happened

  22-05-2023 23:46 via abc.net.au
  
  The Transport Workers Union is calling on Qantas to repay $2.7 billion in government handouts it got during the COVID-19 pandemic as the airline forecasts what the union calls an "obscene" record annual profit. And the Australian share market runs out of steam as US debt ceiling talks drag on. 
  
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• Live: Transport union demands Qantas pay back $2.7 billion pandemic relief as airline sees record annual profit, ASX higher

  22-05-2023 23:46 via abc.net.au
  
  The Transport Workers Union is calling on Qantas to repay $2.7 billion in government handouts it got during the COVID-19 pandemic as the airline forecasts what the union calls an 'obscene' record annual profit. And the Australian share market gains on hopes of a US debt ceiling deal. 
  
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• Live: Qantas sees $2.5 billion annual profit, ASX higher as Biden resumes high-level talks to prevent US debt default

  22-05-2023 23:46 via abc.net.au
  
  Qantas sees a record pre-tax profit this financial year on the back of strong demand for travel, and the Australian share market gains as US President Joe Biden hosts high-level talks to prevent the United States from defaulting on its debts of about $47.2 trillion.
  
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• Live: ASX to trade cautiously as Joe Biden resumes high-level talks to prevent US debt default

  22-05-2023 23:46 via abc.net.au
  
  The Australian share market is likely to begin its day flat, after a mixed performance on Wall Street as US President Joe Biden hosts high-level talks to prevent the United States from defaulting on its debts, which total about $US31.4 trillion ($47.2 trillion).
  
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• Live: ASX to trade cautiously ahead of debt ceiling talks between Joe Biden and top Republicans

  22-05-2023 23:46 via abc.net.au
  
  The Australian share market is likely to begin its day flat, after a mixed performance on Wall Street ahead of pivotal negotiations to prevent the United States from defaulting on its debts of about $US31.4 trillion.
  
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• Top End pubs see 'complete flip' on labour shortage after backpacker visa change

  22-05-2023 22:29 via abc.net.au
  
  Pubs in Australia's Top End are filling all bar positions this tourist season following a years-long, COVID-induced workforce shortage. It comes as changes to working holiday visas take effect in northern Australia.
  
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• Small town wins big at international spirits competition scoring gold for its agave

  22-05-2023 22:29 via abc.net.au
  
  Hidden near the banks of the Murray River in northern Victoria is a small distillery batting way above its average on the global scale. 
  
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• Regional distillery wins big with agave at prestigious San Francisco World Spirits competition

  22-05-2023 22:29 via abc.net.au
  
  Hidden near the banks of the Murray River in northern Victoria is a small distillery batting way above its average on the global scale. 
  
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• Why the small coastal town of Yeppoon is 'still in the boom cycle'

  22-05-2023 22:05 via abc.net.au
  
  As house prices cool off in some parts of the country, this town on the Capricorn Coast is still growing as people flock from south-east Queensland.
  
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• Meta hit with record $1.9 billion fine over transfer of users' data to United States

  22-05-2023 21:21 via abc.net.au
  
  Meta is hit with a record 1.2 billion euro ($1.9 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users' data to the United States.
  
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• Malcolm Turnbull gave this Cradle Mountain project $30 million. Five years later, it's been withdrawn

  22-05-2023 21:14 via abc.net.au
  
  The Cradle Mountain Cableway is in serious doubt after the Commonwealth withdraws $30 million in funding from the project because the Tasmanian government missed a deadline.
  
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• Doubts over Cradle Mountain cableway future after funding deadline missed

  22-05-2023 21:14 via abc.net.au
  
  The Cradle Mountain Cableway is in serious doubt after the Commonwealth withdraws $30 million in funding from the project because the Tasmanian government missed a deadline.
  
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• ‘I’ve got some very greedy landlords at the moment’: Behind the scenes of Australia’s rental crisis

  22-05-2023 21:00 via abc.net.au
  
  Property managers are often the only contact point renters have for their landlords, and agents must act in the best interests of their client. As the rental crisis continues, we take a look at who’s pulling the strings.
  
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• In the old fossil fuel heartlands of Australia, a new kind of industry is being built

  22-05-2023 21:00 via abc.net.au
  
  Batteries could shape Australia's future from mining to assembly. But industry leaders say we need to act quickly to capitalise on the renewables boom.
  
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• PwC breached the Australian government's trust, now it is facing the consequences

  22-05-2023 20:50 via abc.net.au
  
  A Treasury investigation into the impact of a PwC tax expert's use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns. 
  
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• More hard questions about contracts of controversial consulting firm to be asked at Senate Estimates

  22-05-2023 20:50 via abc.net.au
  
  A Treasury investigation into the impact of a PwC tax expert's use of confidential information — sold to clients seeking to minimise tax — could lead to the firm being referred to the Australian Federal Police, the assistant treasurer warns. 
  
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• Penny Wong says Anthony Albanese won't visit China unless 'progress' is made to resolve trade arguments

  22-05-2023 12:41 via abc.net.au
  
  The foreign minister says more progress is needed before the prime minister goes to China.
  
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• At Close of Business May 22 2023

  22-05-2023 10:17 via businessnews.com.au
  
  Senior editor Mark Beyer and senior journalist Jack McGinn speak about the growth and transformation of Western Australia's resources sector over the past 30 years.
  
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• Backlog of 40,000 defects plaguing Sydney train network, report finds

  22-05-2023 10:05 via abc.net.au
  
  An interim report finds a backlog of almost 40,000 defects plaguing Sydney's "fragile" train network, and things are on track to get worse.
  
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• Cotton project cost hits $60m

  22-05-2023 10:02 via businessnews.com.au
  
  Kimberley Cotton Company has approved construction of WA’s first cotton processing gin despite needing to raise extra funds to cover a large cost blowout.
  
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• EPA supports York landfill proposal

  22-05-2023 09:37 via businessnews.com.au
  
  The Environmental Protection Authority has recommended approval for the proposed Great Southern Landfill, which would cover more than 130 hectares of land about 80 kilometres east of Perth.
  
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• ARTS REVIEW: Psychotropic drama is tense, enthralling and relevant

  22-05-2023 08:56 via businessnews.com.au
  
  Fremantle Theatre Company’s production of The Effect, by Succession writer Lucy Prebble, is as intelligent and engrossing as David Zampatti has come to expect from this local outfit.
  
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• Aust shares edge lower as US debt ceiling talks stall

  22-05-2023 08:54 via businessnews.com.au
  
  The local share market has finished down 0.2 per cent amid jitters that the United States might default on its debts as soon as June 1.
  
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• Government eyes tougher response to PwC scandal

  22-05-2023 08:39 via businessnews.com.au
  
  The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.
  
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• Traditional owners challenge Supreme Court decision on McArthur River Mine

  22-05-2023 08:16 via abc.net.au
  
  Lawyers lodging the appeal on behalf of traditional owners and environment groups say the recent Supreme Court decision is serious, and if left unchallenged "could set a dangerous precedent".
  
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• Rental market needs a fix, and fast

  22-05-2023 08:00 via businessnews.com.au
  
  The Bankwest Curtin Economics Centre’s recent Building for the Future report laid bare the ongoing challenges faced by Western Australia’s private rental market.
  
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• Former guerrilla fighter Xanana Gusmao in prime spot to take Timor-Leste's election

  22-05-2023 07:41 via abc.net.au
  
  Former guerilla fighter and independence hero Xanana Gusmao is in prime position to win Timor-Leste's parliamentary election, with more than half of the votes counted after Sunday's poll. 
  
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• NT chief minister left in tears after being accosted by anti-fracking protesters while competing in outback race

  22-05-2023 07:31 via abc.net.au
  
  Police were called after dozens of protesters stormed the finish line in protest of the NT government's green-lighting of fracking in the Beetaloo Basin.
  
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• NT chief minister in tears after confrontation with protesters during outback race

  22-05-2023 07:31 via abc.net.au
  
  Police were called after dozens of protesters stormed the finish line in protest of the NT government's green-lighting of fracking in the Beetaloo Basin.
  
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• WA government settle ‘significant’ land use agreement

  22-05-2023 07:29 via businessnews.com.au
  
  The WA government has finalised a land use agreement with Native Title owners of Tjiwarl land, home to several mine sites in the northern Goldfields.
  
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• Lithium explorer Galan raises $31.5m

  22-05-2023 07:26 via businessnews.com.au
  
  Battery minerals explorer Galan Lithium has raised $31.5 million through an institutional placement to advance its projects in the south-west and Argentina.
  
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• Widgie raises $12m

  22-05-2023 07:10 via businessnews.com.au
  
  Junior developer Widgie Nickel has tapped investors for $12 million to fund exploration and development expenditure for its Mt Edwards project near Kambalda.
  
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• Mad cow disease case in United States 'unlikely' to have negative trade implications

  22-05-2023 07:01 via abc.net.au
  
  The US Department of Agriculture says the atypical case of bovine spongiform encephalopathy, commonly known as mad cow disease, does not present a risk to the food supply or to human health.
  
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• Here's what you need to know about one of the largest rail shutdowns WA has ever seen

  22-05-2023 05:31 via abc.net.au
  
  The 18-month closure of the Armadale line will have a big impact on the 10,000 commuters who use the transport route each day. Here's everything you need to know about how to minimise the disruption. 
  
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• St Barbara mulls Silver Lake’s new offer

  22-05-2023 05:26 via businessnews.com.au
  
  The board of takeover target St Barbara is now deliberating another offer from Silver Lake Resources after Genesis Minerals sweetened its transaction proposal last week.
  
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• Australia scores another win in lengthy trans-Tasman manuka honey war

  22-05-2023 05:07 via abc.net.au
  
  The New Zealand intellectual property umpire has sided with Australia's move to block New Zealand honey producers trademarking the word manuka.
  
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• BHP warns of $1.3bn annual cost from labour law changes

  22-05-2023 04:02 via businessnews.com.au
  
  Employment law changes proposed under the federal government’s Same Job, Same Pay initiative would cost BHP’s Australian operations as much as $1.3 billion per year, the company has revealed.
  
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• Iron ore drives resources growth

  22-05-2023 03:50 via businessnews.com.au
  
  WA produces a diverse array of minerals, yet one commodity dominates the sector.
  
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• Fewer tea drinkers, rising costs force nation's largest producer to put farm into 'hibernation'

  22-05-2023 03:47 via abc.net.au
  
  Demand for black tea on supermarket shelves is dropping each year, and a major producer is now shuttering its plantation.
  
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• Treasurer spruiks jobs market but cost of living bites

  22-05-2023 02:41 via businessnews.com.au
  
  The treasurer says the Albanese government has overseen the strong jobs growth during its first year but the opposition says it has failed to tame inflation.
  
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• Live: ASX slips as US debt ceiling talks drag on

  22-05-2023 01:02 via abc.net.au
  
  Australian shares are losing ground after US debt ceiling talks fail to make progress in the absence of President Joe Biden. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX set to slip as US debt ceiling talks drag on

  22-05-2023 01:02 via abc.net.au
  
  Australian shares are set to lose ground after US debt ceiling talks fail to make progress in the absence of president Joe Biden. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: ASX eases as threat of US debt default sparks warnings of potential Wall St crash

  22-05-2023 01:02 via abc.net.au
  
  Australian shares are losing ground after US debt ceiling talks fail to make progress in the absence of President Joe Biden. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• ASX finishes lower as threat of US debt default sparks warnings of potential Wall St crash — as it happened

  22-05-2023 01:02 via abc.net.au
  
  Australian shares finished lower after US debt ceiling talks failed to make progress in the absence of President Joe Biden. Look back on the day's events as they happened with our markets blog.
  
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• Calls to make airport charges fairer after Rex cancels Whyalla to Adelaide service

  22-05-2023 00:49 via abc.net.au
  
  There are calls for the federal government to make security funding for country airports more equitable after Rex Airlines cancelled its service in a regional South Australian city.
  
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• From fleece to fabric: Why this farming couple went to extremes to produce a keepsake for family and friends

  22-05-2023 00:08 via abc.net.au
  
  At Australia's last remaining fully operational mill, Tassie sheep farmers Mandy and Carl Cooper had their sheep's fleece turned into beautiful family keepsakes.
  
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• Guitar smashed by Nirvana's Kurt Cobain sells for nearly $900,000

  22-05-2023 00:02 via abc.net.au
  
  A guitar smashed on stage by Nirvana frontman Kurt Cobain sells for nearly $US600,000, almost 10 times its original estimate.
  
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