Analyst news

• Live: Will the Fair Work award wage rise send interest rates higher? We answer your questions on the markets blog

  01-06-2023 23:32 via abc.net.au
  
  The Fair Work Commission announces a 5.75 per cent increase in award wages, while the ASX rises on the back of gains on Wall Street overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Wall St gains as debt ceiling deal advances, hopes of Fed rate pause rise

  01-06-2023 23:32 via abc.net.au
  
  Wall Street's key index climbs to a nine-month high as a debt ceiling deal nears congressional approval and amid hopes the Federal Reserve will pause its rate hikes this month. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: US Senate passes debt ceiling deal and we answer your questions on Australia's award wage increase

  01-06-2023 23:32 via abc.net.au
  
  The Fair Work Commission announces a 5.75 per cent increase in award wages, while the US Senate votes to suspend the debt ceiling days before the US risked default. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Live: Fair Work announces 5.75 per cent rise in award wages; ASX rises as US government looks set to avoid debt default

  01-06-2023 23:32 via abc.net.au
  
  The Fair Work Commission announces a 5.75 per cent increase in award wages, while the ASX rises on the back of gains on Wall Street overnight. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Bigger-than-expected award wages increase sinks major retail stocks — as it happened

  01-06-2023 23:32 via abc.net.au
  
  The Fair Work Commission announces a 5.75 per cent increase in award wages, putting a dent in the share prices of retailers and other labour-intensive firms. Here's how the day went down on the ASX. 
  
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• Singapore's prime minister pulls out of meeting with Anthony Albanese after COVID test

  01-06-2023 23:03 via abc.net.au
  
  Mr Albanese will give the keynote speech at the Shangri-La Dialogue in front of US Defense Secretary Lloyd Austin and China's Defence Minister Li Shangfu.
  
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• Mental health apps are huge in Australia, but we don't have a way of knowing if they're safe

  01-06-2023 21:00 via abc.net.au
  
  Mental health apps have flourished in the gaps within mental healthcare. But the products are also exempt from regulations in Australia, with some experts concerned about user safety.
  
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• Fake reviews, celebrity deals and no evidence base: The 'very strange' world of mental health apps

  01-06-2023 21:00 via abc.net.au
  
  Mental health apps have flourished in the gaps within mental healthcare. But the products are also exempt from regulations in Australia, with some experts concerned about user safety.
  
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• Three arrested for allegedly stealing wooden railway sleepers

  01-06-2023 10:43 via abc.net.au
  
  Two men and a woman were arrested yesterday after officers allegedly caught them in the act stealing railway sleepers north of Adelaide. Police are investigating similar incidents on the same disused railway track.
  
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• Aust shares rebound after US debt deal breakthrough

  01-06-2023 10:05 via businessnews.com.au
  
  The local share market has moved into positive territory, closing up 0.3 per cent on progress in Washington towards a deal to avoid a US default.
  
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• ASIC bans Perth property developer

  01-06-2023 10:01 via businessnews.com.au
  
  ASIC found that companies linked to Craig Turnbull owe $5.29 million to creditors and the Office of State Revenue.
  
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• At Close of Business June 1 2023

  01-06-2023 09:56 via businessnews.com.au
  
  Simone Grogan and Jack McGinn discuss the state of play for WA's civil contractors facing a substantial pipeline of infrastructure work.
  
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• What did Ben Roberts-Smith do? This is what his civil case found

  01-06-2023 09:52 via abc.net.au
  
  Justice Anthony Besanko's full reasons for his judgement are yet to be released, but today he outlined the serious allegations Nine's lawyers had proved the "substantial proof" of.
  
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• WAPC approves $108m Claremont apartments

  01-06-2023 09:49 via businessnews.com.au
  
  The state's peak planning body has approved a 19-storey apartment development with an estimated value of $108.9 million to be built in the heart of Claremont's town centre.
  
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• Property developer sues over Metronet

  01-06-2023 09:39 via businessnews.com.au
  
  A property developer has launched legal action against the Public Transport Authority over a block of land in Midland that was compulsorily acquired for use in the Metronet project.
  
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• Mandala invests $20m in regional accommodation

  01-06-2023 09:34 via businessnews.com.au
  
  Mandala Assets Solutions has made its debut in the WA property market after purchasing two regional accommodation properties for $20 million.
  
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• Uneven floor claim lands architects in court

  01-06-2023 09:01 via businessnews.com.au
  
  An eight-centimetre height difference between the original floor of a Coles supermarket and an extension to the building has led the owner to take legal action against the architecture firm that designed the extension.
  
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• Ideas exchange could start something

  01-06-2023 08:49 via businessnews.com.au
  
  Corporate innovation is confusing and slow, but innovation doesn’t have to be.
  
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• Amazon to pay $38 million settlement over allegations of hoarding children's data

  01-06-2023 07:43 via abc.net.au
  
  Amazon agrees to pay a civil penalty to settle allegations it violated a child privacy law and deceived parents by keeping for years kids' voice and location data recorded by its popular Alexa voice assistant.
  
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• Who is liable when a petrol station closes, then fails to clean up?

  01-06-2023 07:42 via abc.net.au
  
  There are calls for changes to make the fossil fuel industry responsible for cleaning up old petrol stations, as almost 900 sites across NSW remain derelict.
  
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• Ben Roberts-Smith defamation case dismissed

  01-06-2023 07:16 via businessnews.com.au
  
  Decorated Perth-born soldier Ben Roberts-Smith's defamation case against three newspapers over articles published in 2018 has been dismissed in the Federal Court in Sydney.
  
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• Pink is the new orange with consumers hungry for photo-worthy new citrus varieties

  01-06-2023 06:00 via abc.net.au
  
  New varieties of citrus like cara cara navels and blood oranges are growing in popularity, but farmers say supermarkets need to stock more to grow demand. 
  
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• Live: Ben Roberts-Smith's major court loss, costs will 'follow inevitably'

  01-06-2023 05:57 via abc.net.au
  
  Justice Anthony Besanko delivers a devastating blow to war veteran Ben Roberts-Smith, who had been suing three newspapers and three journalists for defamation over articles alleging he committed war crimes in Afghanistan. Follow live
  
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• Live: Ben Roberts-Smith's major court loss as defamation claims thrown out

  01-06-2023 05:57 via abc.net.au
  
  Justice Anthony Besanko delivers a devastating blow to war veteran Ben Roberts-Smith, who had been suing three newspapers and three journalists for defamation over articles alleging he committed war crimes in Afghanistan. Follow live
  
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• As it happened: Australia's most decorated war veteran cops devastating court blow, costs will 'follow inevitably'

  01-06-2023 05:57 via abc.net.au
  
  Justice Anthony Besanko delivers a devastating blow to war veteran Ben Roberts-Smith, who had been suing three newspapers and three journalists for defamation over articles alleging he committed war crimes in Afghanistan. This is how it unfolded
  
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• Sanderson, Saffioti preach WA Labor unity

  01-06-2023 05:41 via businessnews.com.au
  
  Health minister Amber-Jade Sanderson and premier-elect Roger Cook's nominated deputy Rita Saffioti have each dismissed suggestions of hard feelings following the battle for WA Labor leadership this week.
  
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• Sanderson, Saffioti in display of Labor unity

  01-06-2023 05:41 via businessnews.com.au
  
  Health Minister Amber-Jade Sanderson and premier-elect Roger Cook's nominated deputy, Rita Saffioti, have dismissed suggestions of hard feelings following the battle for WA Labor leadership this week.
  
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• Perth home values hit peak

  01-06-2023 04:58 via businessnews.com.au
  
  Perth was the only Australian city to show positive annual growth, with a 2 per cent increase in the last 12 months to a record $580,023.
  
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• Perth home values hit new high

  01-06-2023 04:58 via businessnews.com.au
  
  Perth was the only Australian city to show positive annual growth, with a 2 per cent increase in the last 12 months to a record $580,023.
  
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• Polish company says it 'tolerated' Bioelektra Australia using its name due to potential benefits

  01-06-2023 04:37 via abc.net.au
  
  A recycling company headquartered in Warsaw is working to distance itself from Bioelektra Australia, after the local business announced it had entered voluntary administration.
  
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• Locals say they've been priced out of Jindabyne as house prices more than double over five years

  01-06-2023 04:06 via abc.net.au
  
  The NSW Snowy Mountains town has seen the highest rise in median house price of any town or suburb in NSW, according to new data from Proptrack.
  
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• Renewable energy pipeline puts targets in jeopardy

  01-06-2023 02:49 via businessnews.com.au
  
  A fall in financial commitments for large-scale renewable generation projects could pull the plug on 2030 targets but state governments aim to fill the gap.
  
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• Dairy farmers' $25 million Fonterra class action payout slashed as legal fees, funders get the rest

  01-06-2023 02:49 via abc.net.au
  
  Dairy farmers who were part of a class action over slashed milk payments in 2016 estimate they will get about 10 per cent of what they lost.
  
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• 'Not good enough': Mining giant BHP admits underpaying almost 30,000 workers

  01-06-2023 02:03 via abc.net.au
  
  Mining giant BHP admits it has underpaid almost 30,000 workers, dating back to 2010, and it will cost more than $400 million to make amends. 
  
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• 'Deeply sorry': Mining giant BHP admits underpaying almost 30,000 workers

  01-06-2023 02:03 via abc.net.au
  
  Mining giant BHP admits it has underpaid almost 30,000 workers, dating back to 2010, and it will cost more than $400 million to make amends. 
  
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• Trouble brewing for happy family

  01-06-2023 02:00 via businessnews.com.au
  
  Other Labor states are casting envious eyes over WA’s special deal on the GST.
  
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• BHP discloses $430m in underpayments

  01-06-2023 01:53 via businessnews.com.au
  
  Mining giant BHP has revealed nearly 30,000 current and former staff have lost leave and pay entitlements over the past 13 years in Australia’s largest case of employee underpayment.
  
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• BHP discloses $400m in underpayments

  01-06-2023 01:53 via businessnews.com.au
  
  Mining giant BHP has joined a long list of major employers to discover errors in its staff payments, with nearly 30,000 current and former employees affected.
  
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• Owners fight to save 1960s beach shack as council pursues plans to build 'monstrous' new road

  01-06-2023 00:18 via abc.net.au
  
  The owners of a 60-year-old beach shack destined for demolition to make way for a major road upgrade on the Sunshine Coast say they'll keep fighting the council "until the end".
  
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