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RBA governor warns some households may have to sell their homes, ASX closes higher β as it happened
via abc.net.au
Michele Bullock gave a speech outlining the costs of high inflation, warning that some hard-hit households may have to "sell their homes" amid the cost-of-living crisis. This is how the day's finance news unfolded.
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Young people are partying underground in a new boiler room music scene
via abc.net.au
As goliaths of the Australian music festival scene fall, you could be forgiven for thinking young people have lost their appetite for live music. In truth, a new dance scene has emerged.
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As the music festival scene cools down, Australia's boiler room parties are getting hotter than ever
via abc.net.au
As goliaths of the Australian music festival scene fall you could be forgiven for believing young people have lost their appetite for live music. In truth a new dance scene has emerged.
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Merivale played CCTV video of people having sex to hundreds of staff at company party
via abc.net.au
Explicit and uncensored CCTV vision of people having sex in a lift and urinating in public was turned into a video and played to hundreds of staff at a Merivale awards night.
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CCTV vision of people having sex at Merivale venue played at hospitality group's staff party
via abc.net.au
Explicit and uncensored CCTV vision of people having sex in a lift and urinating in public was turned into a video and played to hundreds of staff at a Merivale awards night.
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CCTV video of people having sex at Merivale venue played at hospitality group's staff party
via abc.net.au
Explicit and uncensored CCTV vision of people having sex in a lift and urinating in public was turned into a video and played to hundreds of staff at a Merivale awards night.
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A third of businesses using AI without telling customers or employees
via abc.net.au
The federal government lays out its plans to set "mandatory guardrails" for the highest-risk AI tools, as a survey of businesses reveals a third of those using AI are not disclosing it to customers or staff.
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Australia has the highest gambling losses in the world. Could limits on pokies betting help address the issue?
via abc.net.au
Australia has the highest gambling losses in the world, according to a new Grattan Institute report that calls on federal and state governments to stand up to "vested Interests" and implement a complete ban on gambling ads and limits on how much people can bet when at the pokies and via online betting platforms.
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As the gambling ad ban debate heats up, there are calls for maximum loss limits for pokies and online betting
via abc.net.au
Australia has the highest gambling losses in the world, according to a new Grattan Institute report that calls on federal and state governments to stand up to "vested Interests" and implement a complete ban on gambling ads and limits on how much people can bet when at the pokies and via online betting platforms.
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WACOSS outlines election priorities
Making WA a fair state, not “just a great state” must be front-and-centre of politicians’ minds in the lead up to the 2025 state election, according to WA’s peak community advocacy group.
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Mining company facing industrial manslaughter charge over worker's death at Crinum coal operation
via abc.net.au
Queensland's tougher industrial manslaughter laws are used against a mining company for the first time, over the death of worker Graham Dawson during a roof collapse in 2021.
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Labor's tax break for housing investors hits Senate snag
via abc.net.au
The federal government proposal is stranded in the Senate after the Coalition and the Greens both declared it would "do nothing" about housing affordability.
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ABC chair quotes JD Vance as he warns of diminishing trust in media
via abc.net.au
Kim Williams uses his speech to insist all journalists need to earn the trust of their audiences, or risk being consigned to history.
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At Close of Business podcast September 4 2024
Nadia Budihardjo and Claire Tyrrell discuss WA's retail property sector.
Plus all the latest on Colliers' acquisition of Pritchard Francis; Bullwinkel's new Labor candidate; and concerns over the South West wind zone.
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Shares plunge on US outlook fears
The ASX200 fell 1.9 per cent to an almost three-week low, with the largest drops being recorded by Western Australian companies including Fortescue and Deep Yellow.
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Australian shares plunge as fears rise over US outlook
The ASX200 fell 1.9 per cent to an almost three-week low, with the largest drops being recorded by Western Australian companies including Fortescue and Deep Yellow.
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Boss chalks up production target
Uranium producer Boss Energy was unable to stem the flow of losses across the market on Wednesday, despite positive news from its Honeymoon project in South Australia.
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Reynolds, Higgins trial nears end
The submissions in the defamation trial between Senator Linda Reynolds and her former staffer Brittany Higgins near an end in the Supreme Court of WA.
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Firewood suppliers point finger at online 'black market' amid record supply glut
via abc.net.au
A warmer than average winter and cost-of-living challenges are hitting consumers, but the WA's biggest firewood businesses say illegal sales and harvesting are a massive problem.
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Australian household spending driven by bills to cover the necessities
via abc.net.au
New data shows households have been spending more in most categories, with the biggest increases coming in health care, food and services such as maintenance.
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$15m for electric bus depot site
The Public Transport Authority has purchased a 3.27-hectare site in Bayswater to house its new fleet of electric busses.
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$15.59m for electric bus depot site
The Public Transport Authority has purchased a 3.27-hectare site in Bayswater to house its new fleet of electric busses.
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Golden Horse secures historic tenements from Emerald
West Perth-based Golden Horse Minerals has acquired historic tenements in WA’s Southern Cross district from Emerald as part of a deal which makes Emerald a cornerstone shareholder.
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Golden Horse secures historic tenements
West Perth-based Golden Horse Minerals has acquired historic tenements in WA’s Southern Cross district from Emerald as part of a deal which makes Emerald a cornerstone shareholder.
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Concerns over Bunbury wind farm zone
The proposed offshore wind zone farm has received criticism after the federal government declared an area off the coast of Bunbury for the renewable industry.
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Credit card surcharges are added to most purchases, but what are the rules behind these extra fees?
via abc.net.au
With the pandemic accelerating the use of cards instead of cash — only 13 per cent of Australians use cash, dropping from 27 per cent in the past five years — these extra charges have become mainstream.
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Asra sells $3m pastoral lease to Red 5
Junior explorer Asra Minerals has sold its Tarmoola pastoral lease to goldmining mid-tier Red 5, in a move designed to support its upcoming drilling and exploration campaigns.
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Asra divests pastoral lease for $3 million
Junior explorer Asra Minerals is a step closer towards further enhancing its upcoming drilling and exploration campaigns, following the sale of the Tarmoola pastoral lease to mid-tier gold producer Red 5.
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Innovation ecosystem value hits $10bn
OPINION: WA’s startups and scale-ups have hit a record valuation, but continued investment is needed.
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'A very bad deal': Blacktown CBD sale broke the law, councillors say
via abc.net.au
A $42 million sale to pave the way for the redevelopment of Blacktown's CBD was never put out to tender, which Liberal councillors now claim was against the law.
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Sunday trading approved for Albany
Large retailers in Albany have gained a long-awaited green light to trade on Sundays, a move the chamber chief says could bolster its attractiveness to other major outlets.
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New Coral Bay accommodation opens
The first of a new set of units overlooking the beach in Coral Bay have opened to bookings and the rest of the build is expected to be finished ahead of next year’s peak season.
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Hedland councillor forced to apologise
A Town of Port Hedland councillor has been forced to make a public apology for accusations staff, amid an ongoing dispute which could see council suspended for the second time in five years.
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ASX200 down 2pc, Fortescue shares slide
The ASX200 has tumbled almost 2 per cent on Wednesday morning, with shares in Fortescue and Deep Yellow recording the biggest slides.
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Slow growth in Aus economy, ABS says
The country’s economy only grew by 0.2 per cent in the recent quarter or 1.5 per cent annually, which the ABS found to be the weakest yearly growth since the 1990s.
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FIRB green light for LDC Namoi takeover
Dutch agriculture giant Louis Dreyfus Company have today received Foreign Investment Review Board approval for its takeover bid for Namoi Cotton.
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Tanzanian production success for Walkabout
An increase in plant availability and utilisation has resulted in West Perth-based junior Walkabout Resources increasing production at its Lindi Jumbo graphite project in Tanzania.
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Labor pick Mundaring councillor for Bullwinkel
Shire of Mundaring deputy president Trish Cook has been preselected by Labor to run for the newly minted seat of Bullwinkel at the upcoming federal election.
Cr Cook has been a Shire of Mundaring south ward councillor for seven years, and the deputy president since 2023.
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Australia's economy growing at slowest pace since 1990s recession, as households cut back on spending
via abc.net.au
As Australia's economy grows at slowest pace since 1990s recession, consumers place more 'focus on affordability.’
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Australia's economy growing at slowest pace since 1990s recession
via abc.net.au
Australia's economy is growing at its slowest pace since the 1990s recession, recording annual growth of 1 per cent.
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Coalition challenges Plibersek to explain decision stalling development of $1 billion gold mine
via abc.net.au
The opposition asks Environment Minister Tanya Plibersek to reveal her reasons for granting an Aboriginal protection order over a site earmarked for a tailings dam at the McPhillamys Gold Mine development near Blayney in NSW.
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Head of Australia's housing supply council says rental, housing crises 'profoundly harmful' β as it happened
via abc.net.au
Susan Lloyd-Hurwitz, chair of the National Housing Supply and Affordability Council, lists the key areas needing immediate attention and says more scrutiny on landlords "could be useful".
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Housing supply a retail attractor
Retail property owners are looking for ways to capitalise on the surplus land around their shopping centres.
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Rocky Bay scraps Belmont plan
Disability services provider Rocky Bay has restarted the search for its new home after deciding against building a facility in Belmont.
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Rocky Bay no longer moving to Belmont
Disability services provider Rocky Bay has restarted the search for its new home after deciding against building a facility in Belmont.
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Yu pans leaders over crime focus
Prominent Indigenous businessman and advocate Peter Yu has brought into question governments’ ability to administer northern Australia in the wake of a Territory election fought over crime.
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There's just one wheelchair taxi in far northern WA. Residents say that needs to change
via abc.net.au
The Kimberley region has one wheelchair accessible taxi, which advocates say is isolating residents and tourists in towns such as Broome and Kununurra.
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Wall Street falls amid September worries, upcoming data
US stocks have closed lower as investors digested data from the country's manufacturing activity.
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Colliers to acquire Pritchard Francis
Investment management company Colliers is set to expand its Western Australian footprint through acquiring Subiaco engineering consultancy Pritchard Francis.
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This 'shrinking' WA town was hoping for a clean energy lifeline. Then talks fell through
via abc.net.au
Carnarvon residents' hopes of a $25 billion green hydrogen development to transform the WA town have been all but dashed.
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