Analyst news

• Union recovers record-breaking $15.4 million, but more resources needed to stop seafarers' wage theft

  31-08-2023 23:34 via abc.net.au
  
  With employers stealing an estimated $65 million annually from international sailors in Australian waters, the International Transport Workers' Federation has taken a big step towards recovering lost wages.
  
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• Union recovers millions stolen from sailors but employers taking up to $65m from wages per year

  31-08-2023 23:34 via abc.net.au
  
  The International Transport Workers' Federation takes a big step towards recovering lost wages, clawing back a record-breaking amount stolen from international sailors by their employers in Australian waters.
  
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• If you're a graduate with an English-sounding name, you may be closer to securing a job than some of your peers

  31-08-2023 22:44 via abc.net.au
  
  Young culturally diverse Australians continue to face discrimination when trying to find work, according to recent studies. Experts found non-Anglo Australians struggle to get a job interview, despite being well qualified, and some are altering their identities on paper to get a fair go.
  
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• NT chief minister faced expulsion from Labor's Left faction over pro-fracking stance

  31-08-2023 22:40 via abc.net.au
  
  Natasha Fyles faced a motion to expel her from Territory Labor's Left faction over the NT government's decision to green-light a full-scale fracking industry.
  
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• 'We're raising future generations': Thousands protest outside SA parliament as public teachers go on strike

  31-08-2023 22:16 via abc.net.au
  
  More than 300 South Australian public schools are closed or are operating on a reduced program today because of industrial action, as thousands gather at parliament house calling for better pay for teachers.
  
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• Thousands protest outside SA parliament amid state-wide public teacher strike

  31-08-2023 22:16 via abc.net.au
  
  More than 300 South Australian public schools are closed or are operating on a reduced program today because of industrial action, as thousands gather at parliament house calling for better pay for teachers.
  
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• Public schools to close as SA teachers walk off the job over pay dispute

  31-08-2023 22:16 via abc.net.au
  
  More than 300 South Australian public schools will close or operate on a reduced program today.
  
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• Public schools close, tram drivers walk off the job in separate SA strikes

  31-08-2023 22:16 via abc.net.au
  
  More than 300 South Australian public schools will close or operate on a reduced program today because of industrial action, as tram drivers also walk off the job over a pay dispute with the operator of Adelaide's trams.
  
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• Lobster season underway in SA, but Chinese trade woes still unresolved

  31-08-2023 21:59 via abc.net.au
  
  Fishers are eyeing a promising season and the federal government is continuing in its efforts to improve relations with China, which is still refusing to import Australia's catch.
  
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• Three states are bringing in new rules in a 'race to the top' to ban single-use plastics

  31-08-2023 21:53 via abc.net.au
  
  States and territories each set their own standards for single-use plastics — so who's leading in the race to the top?
  
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• Bush residents ditching Telstra amid claims outback services are only 'getting worse'

  31-08-2023 21:47 via abc.net.au
  
  When this outback business owner's telecommunications service cut out 10 times in a day, she says even Telstra staff suggested she switch to an alternative internet provider.
  
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• Beekeepers start class action against the NSW government over varroa mite efforts

  31-08-2023 21:24 via abc.net.au
  
  NSW beekeepers have launched a class action over loss of business after their hives were destroyed to curb the spread of varroa mite.
  
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• Beekeepers seeking millions in damages as hives destroyed in varroa mite eradication

  31-08-2023 21:24 via abc.net.au
  
  NSW beekeepers have launched a class action over loss of business after their hives were destroyed to curb the spread of varroa mite.
  
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• The four unique ways Tokyo approaches housing can offer lessons for Australia

  31-08-2023 20:42 via abc.net.au
  
  How does Tokyo's property market compare to Australia's? Here are four unique lessons, from loose zoning laws to smaller dwelling sizes, an advanced public transport system and an openness to development.
  
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• House prices rise for sixth straight month, with interest rate outlook likely to see 'active' selling season

  31-08-2023 16:04 via abc.net.au
  
  After a brief downturn earlier in the year, Australia's housing market is firmly in recovery mode, with CoreLogic data showing house prices increased for a sixth consecutive month in August.
  
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• House prices rise for a sixth straight month, with interest rate outlook likely to see 'active' selling season

  31-08-2023 16:04 via abc.net.au
  
  After a brief downturn earlier in the year, Australia's housing market is firmly in recovery mode, with CoreLogic data showing house prices increased for a sixth consecutive month in August.
  
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• DRA Global revenue drops

  31-08-2023 11:28 via businessnews.com.au
  
  DRA Global’s total revenue has fallen 11 per cent settling at $424.4 million for its half-year return.
  
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• Police appealing for information after truck hits woman on New Dubbo Bridge construction site

  31-08-2023 11:00 via abc.net.au
  
  A 35-year-old woman has suffered a serious leg injury after being hit by a truck on the New Dubbo Bridge construction site Thursday afternoon.
  
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• Fortescue Metals CFO in shock exit

  31-08-2023 10:54 via businessnews.com.au
  
  Fortescue Metals chief financial officer Christine Morris departs after less than three months in the role and days after the abrupt exit of chief executive Fiona Hick.
  
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• At Close of Business podcast August 31 2023

  31-08-2023 10:23 via businessnews.com.au
  
  Claire Tyrrell and Jack McGinn discuss those picking up the pieces from fallen builders.
  
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• Aust shares edge higher, close August down 1.4pct

  31-08-2023 10:16 via businessnews.com.au
  
  The local share market has finished 0.1 per cent higher, closing out August 1.4 per cent lower after being down as much as 4.3 per cent a week and a half ago.
  
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• Recovering the work of fallen builders

  31-08-2023 10:14 via businessnews.com.au
  
  A rise in failed builders has led to more indemnity claims, but taking on the stalled work can be fraught.
  
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• Costs talk in Wright, Hancock dispute

  31-08-2023 10:02 via businessnews.com.au
  
  Lawyers representing descendants of mining pioneers Lang Hancock and Peter Wright have stayed busy ironing out issues related to the ongoing trial over billions of dollars in royalties.
  
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• iiNet scraps email service

  31-08-2023 09:54 via businessnews.com.au
  
  Perth-founded internet service provider iiNet is shutting down its email service in a move that is expected to impact thousands of businesses and individuals.
  
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• Kalgoorlie gold miner sues former employees

  31-08-2023 09:42 via businessnews.com.au
  
  FMR Investments has brought civil action against two former employees who were acquitted by a District Court jury earlier this year of stealing from the company’s Kalgoorlie gold processing operations.
  
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• These solar energy modules generate enough heat to melt metal. It's hoped they can help solve renewable storage issues

  31-08-2023 09:41 via abc.net.au
  
  Renewable energy company RayGen has officially opened its $27 million solar and thermal power plant project, in north-west Victoria.
  
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• Energy minister says federal government wants power grid 'as stable as it possibly can be'

  31-08-2023 09:29 via abc.net.au
  
  Chris Bowen's comments follow warnings from the Australian Energy Market Operator that a hot and dry summer will put Victoria and South Australia at "elevated" risk of blackouts.
  
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• IR reform ire following Burke’s pitch

  31-08-2023 09:22 via businessnews.com.au
  
  The Federal Government has lauded its planned industrial relations changes as world-leading, but new details the proposed reform have been slammed by leading business groups.
  
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• CGN Resources targets $10m IPO

  31-08-2023 09:16 via businessnews.com.au
  
  Junior miner CGN Resources has launched an initial public offering to raise up to $10 million to fund exploration in the West Arunta region in northern WA.
  
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• Good Drinks doubles revenue

  31-08-2023 08:47 via businessnews.com.au
  
  Good Drinks Australia has reported record revenue of $107 million in the 2023 financial year, doubling its presence in the Australian beer market.
  
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• Business investment jumps 2.8pct as supply chains ease

  31-08-2023 08:27 via businessnews.com.au
  
  Business investment has picked up because of solid growth across buildings, machinery and equipment, the Australian Bureau of Statistics says.
  
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• With 1 million cruise passengers on the way, and Sydney Harbour near capacity, Port Kembla firms as new terminal site

  31-08-2023 08:23 via abc.net.au
  
  With cruise ship passenger numbers set to surpass pre-COVID levels this season, industry chiefs and senior government officials are backing a push for Port Kembla to be the site of a new cruise ship terminal.
  
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• Port Kembla 'makes sense' as new cruise ship terminal, with passenger numbers set to soar 

  31-08-2023 08:23 via abc.net.au
  
  With cruise ship passenger numbers set to surpass pre-COVID levels this season, industry chiefs and senior government officials are backing a push for Port Kembla to be the site of a new cruise ship terminal.
  
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• Hedland eyes return of Bali, Brisbane flights

  31-08-2023 08:09 via businessnews.com.au
  
  Flights from Port Hedland to Bali and Brisbane will resume for the first time since COVID through a new deal between the Town and its airport.
  
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• French flavour takes Tate super-premium

  31-08-2023 08:00 via businessnews.com.au
  
  Miles from Nowhere’s Origin of Now range seeks to build on the winemaker’s 40-year reputation.
  
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• Global gold giant apologises for 'distressing' findings of widespread sexual harassment and bullying

  31-08-2023 07:28 via abc.net.au
  
  A review of Gold Fields, which runs four mines in Australia,  has found that 47 per cent of its global workforce had experienced some form of inappropriate behaviour at work.
  
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• Landholders 'horrified' as inquiry sinks calls to bury HumeLink energy transmission cables

  31-08-2023 07:26 via abc.net.au
  
  A standing committee found that laying cables underground would be too costly and could put the electricity grid under pressure, incensing landowners and opposing politicians who said the finding was predetermined.
  
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• Landholders 'horrified' as HumeLink energy transmission inquiry sinks calls to bury cables

  31-08-2023 07:26 via abc.net.au
  
  A standing committee found that laying cables underground would be too costly and could put the electricity grid under pressure, incensing landowners and opposing politicians who said the finding was predetermined.
  
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• IGO boasts earnings despite challenges

  31-08-2023 07:06 via businessnews.com.au
  
  Battery metals miner IGO says its reported its “strongest set of financial results” despite recording an almost $1 billion impairment charge against its acquired assets.
  
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• Austal upbeat on project flow after FY23 loss

  31-08-2023 06:32 via businessnews.com.au
  
  Shipbuilder Austal will book a $13.8 million loss for the year, as had been foreshadowed, and start a global hunt to find a new president for its US operations to replace Rusty Murdaugh.
  
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• Parents of drill rig worker crushed to death in Queensland mine 'digusted' by coroner's findings

  31-08-2023 06:31 via abc.net.au
  
  Gareth Dodunski was crushed to death when by heavy equipment at the Fairview Gas Field in central Queensland.
  
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• New land release for Pilbara business park

  31-08-2023 06:22 via businessnews.com.au
  
  Booming interest in a big box Pilbara business park has spurred a new land release which could net ratepayers $1.75 million.
  
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• 'Small price to pay': Government reveals plans for minimum pay rates for gig workers

  31-08-2023 05:59 via abc.net.au
  
  The workplace minister says a small increase to the cost of pizza deliveries is "a small price to pay" to ensure gig workers are safe, as the government unveils its plan for minimum rates of pay for workers earning income through apps such as Uber and DoorDash.
  
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• New minimum pay rates for gig workers worth 'small increase' to pizza prices, says minister

  31-08-2023 05:59 via abc.net.au
  
  The workplace minister says a small increase to the cost of pizza deliveries is "a small price to pay" to ensure gig workers are safe, as the government unveils its plan for minimum rates of pay for workers earning income through apps such as Uber and DoorDash.
  
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• Cheaper meat on the horizon, but alarm for farmers as prices slump

  31-08-2023 05:58 via abc.net.au
  
  Prices paid to farmers for their lamb have fallen dramatically and shoppers should see prices decrease soon, according to the WA meat industry. 
  
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• Perseus bolsters profit, pays dividends

  31-08-2023 05:49 via businessnews.com.au
  
  Gold producer Perseus Mining has bolstered its profit by 70 per cent to $476 million after enjoying higher gold prices and increased production in the 2023 financial year.
  
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• Green light for AMB Holdings’ $20m hub

  31-08-2023 05:30 via businessnews.com.au
  
  Angela Bennett’s private company AMB Holdings has cleared a planning hurdle for its $20 million office move to another western suburb.
  
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• Kalgoorlie worker village deferred

  31-08-2023 05:09 via businessnews.com.au
  
  A proposal to house 152 workers near Kalgoorlie has been deferred for a second time, as authorities consider legal advice.
  
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• A traumatic event serves as an inspiration for a novel in a story about friendships under strain

  31-08-2023 04:26 via abc.net.au
  
  Yael Stone (Orange is the New Black) and Nicole da Silva (Doctor Doctor) speak to ABC News Breakfast about their latest series, One Night, and how their own powerful personal relationships with friends served as inspiration for the roles they played.
  
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• More winemakers opting out of animal-based purifiers to meet small but growing vegan market

  31-08-2023 04:16 via abc.net.au
  
  It would be fair to expect wine to be vegan given it's mostly fruit, but the majority of drops are not. WA winemaker Alexi Christides says it comes down to how impurities are removed.
  
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