Teenager Aiva Anagnostiadis, a rising star of Australian motorsport, is hoping to leave a difficult end to 2025 in her rear view as she prepares for her newest challenge in Italy.
Global markets are volatile as Gulf tensions escalate, impacting oil and wheat prices. Apple sues OpenAI for trade secret theft, while Telstra addresses employee concerns over outages. US earnings season begins with major banks reporting.
Wall Street closed positively, but weekend escalation of US-Iran hostilities and Iran's declaration of the Strait of Hormuz closure may impact the ASX's opening gains. ASX 200 futures indicated a 0.4% rise.
Labor's proposed 30% minimum tax on trust distributions impacts 210,000 small businesses. Restructuring relief is offered, but clarity on state stamp duty and accounting costs is needed, creating a difficult choice for businesses.
A Grattan Institute report alleges the Pharmacy Guild of Australia uses its political influence and backroom deals to secure profits, leading to higher medicine costs for Australians. The guild negotiates significant taxpayer funding annually.
Australia has signed a deal to export unenriched uranium to India, potentially worth billions. However, Western Australia, which holds vast uranium deposits, maintains a mining moratorium, sparking a debate between industry proponents and environmental groups over its future.
The article reflects on the decline of stand-alone TAB agencies in NSW, using the author's childhood memories of the Cessnock TAB as a backdrop. It contrasts the past, where TABs were distinct gambling venues, with the present, where gambling is integrated into pubs, clubs, and accessible via smartphones, leading to a broader participation and the obsolescence of traditional agencies.
