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Australian gas supply is projected to be sufficient in late 2026, though winter 2027 may see tightness. Telstra CEO apologizes for national outage. Australian dividends grew in 2025-26, led by mining. Workers' pay lags productivity growth.
Telstra CEO Vicki Brady apologizes for a national outage, while Australian dividends saw growth driven by mining. Qantas ranked most punctual airline globally. US proposes tariffs on Australian imports due to forced labor concerns. Research suggests worker pay hasn't kept pace with productivity.
Hobart's hospitality venues are struggling with changing consumer behavior, including younger people ordering fewer drinks and arriving later. Rising alcohol costs are a major concern, leading patrons to pre-drink and use discount apps. The closure of several venues highlights the detrimental impact on the city's nightlife and its ability to retain young residents.
Seven Hobart venues, including several on Salamanca's waterfront, have closed, prompting discussions about changing consumer habits. Young people cite rising alcohol costs and a lack of excitement as reasons for reduced spending, opting for pre-drinks and discount apps. Hospitality operators are concerned about the industry's viability and the need for more major events to attract visitors.
Australian dividends rose 2.8% to $99.4B in 2025-26, led by mining. Qantas was the world's most punctual airline in June. US proposes 12.5% tariff on Australian imports due to forced labor concerns. Telstra outage costs estimated in hundreds of millions.
Researchers from the Centre for Policy Development (CPD) in Australia found that typical worker pay has not kept pace with productivity growth for three decades, with gains increasingly captured by businesses. This challenges previous findings and raises questions about wage-setting, ownership, and technology's future direction.
