Former Wallaby captain turned ACT senator David Pocock argues that Anthony Albanese's proposed gambling reforms do not go far enough and calls for parliamentarians to put vested interests aside to issue a blanket ban.
Pub Banc Group and Hotel Banc Group, which manage several popular Hobart pubs like Republic Bar and Jack Greene, have entered voluntary administration due to rising costs and changing consumer behavior. Apex Advisory will lead a sale process for the seven venues, which employ over 80 people, with the aim of reopening under new ownership.
A 10-year-old girl suffered severe burns from a Temu hoodie that was later recalled. Temu has now joined the Australian Product Safety Pledge, but the family is pursuing legal action, highlighting concerns about online retailer liability and the need for stronger safety laws.
The Australian Securities Exchange (ASX) listed a record 72 new ETFs in the past financial year, a significant increase from 50 the previous year. Total ETF funds under management reached $350 billion as of May, with trading activity surging 26%.
Despite cash use declining, Australia's RBA prints billions in new banknotes annually. A significant portion, $32 billion, remains unaccounted for, fueling theories of hoarding and illicit activities, with experts questioning the RBA's estimates.
Australia's Reserve Bank is printing billions in banknotes, yet cash use is declining. A significant portion, $32 billion, remains unaccounted for, fueling theories of hoarding and illicit activities. Experts are divided on whether the missing money is hidden domestically, overseas, or used in the shadow economy.
Australia's largest super fund, AustralianSuper, has become the biggest investor in coalminer Whitehaven, raising concerns about its commitment to net-zero emissions targets set in 2020. Despite dumping coal holdings six years ago, the $388bn fund now holds over $600m in Whitehaven, prompting criticism over prioritizing investment returns over climate risks.
