Business

Minister for Communications Michelle Rowland says too early to say whether Optus customers should be compensated for outage

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Minister for Communications Michelle Rowland says too early to say whether Optus customers should be compensated for outage

With Optus services slowly returning, many customers affected by the outage are asking whether they will be entitled to any kind of compensation. The telecommunications blackout affected millions of people across the country — causing major delays for commuters and impacting health services as well as affecting both personal and business customers. WATCH THE VIDEO … Read more

Federal politicians set to get a 4 per cent pay rise

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Federal politicians set to get a 4 per cent pay rise

Federal politicians are set to get their largest pay rise in a decade under a new decision by the Remuneration Tribunal. All federal representatives will get a four per cent increase to their wages, set to come into effect across the board from September 1. It is the largest increase the tribunal has decided on … Read more

U.S. poised to approve breakthrough treatment

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U.S. poised to approve breakthrough treatment

At age 19, Joe Tsogbe underwent his first hip replacement. In his 20s, he averaged about nine hospitalizations a year. By his 30s, that rose to more than a dozen.  All the result of sickle cell disease, an inherited blood disorder where a genetic mutation causes normally full-moon shaped red blood cells to form into … Read more

AP PHOTOS: Spanish tapestry factory, once home to Goya, is still weaving 300 years after it opened

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AP PHOTOS: Spanish tapestry factory, once home to Goya, is still weaving 300 years after it opened

MADRID — Spain’s Royal Tapestry Factory has been decorating the walls and floors of palaces and institutions for more than 300 years. Located on a quiet, leafy street in central Madrid, its artisans work with painstaking focus on tapestries, carpets and heraldic banners, combining the long wisdom of the craft with new techniques. The factory … Read more

Underperforming superannuation funds named as 97 products fail APRA test

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Underperforming superannuation funds named as 97 products fail APRA test

Almost 100 superannuation funds have failed a performance test set by Australia’s industry regulator and which assesses earnings and fees. Members of 96 trustee-directed superannuation products will be contacted in coming weeks after their funds fell short in the expanded Your Future, Your Super performance test imposed by the Australian Prudential Regulation Authority (APRA). The … Read more

Dog breeder ordered to pay NSW woman thousands after medical diagnosis

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Dog breeder ordered to pay NSW woman thousands after medical diagnosis

A NSW woman has been awarded thousands of dollars after a puppy she purchased from a dog breeder was diagnosed with a congenital medical condition (a condition present from birth). The woman purchased Bobby, an English bulldog, from a certified breeder in April 2022 for $6000. At the time, Bobby was 12 weeks old, and … Read more

Seek salary data Australia: Queensland leads nation in advertised salary growth while territories lag behind

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Seek salary data Australia: Queensland leads nation in advertised salary growth while territories lag behind

Consumer confidence has recovered some lost ground but remains deeply in negative territory. The index collated by ANZ and Roy Morgan last week gained 2.3 points to hit 78.1, with the robust labour market and possibility of an extended pause on interest rates potentially feeding into the more upbeat reading. But the gauge remains well … Read more

Centrelink payments in Australia to increase with indexation from September 20 amid cost-of-living crisis

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Centrelink payments in Australia to increase with indexation from September 20 amid cost-of-living crisis

Millions of Australians receiving government payments will have their benefits increase in the coming weeks, as the nation deals with a mounting cost-of-living crisis. The rise is part of the twice-yearly indexation of welfare payments, designed to keep payments in line with the rising cost of living. From September 20, welfare recipients are in line … Read more

AbbVie to acquire Cerevel Therapeutics for $8.7 billion

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AbbVie to acquire Cerevel Therapeutics for .7 billion

AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion.  Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in the middle of 2024.  Shares of Cerevel jumped 16% after the close Wednesday to nearly $43 per … Read more

Reserve Bank of Australia reveals September decision as Philip Lowe prepares to hand governor duties to deputy Michele Bullock

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Reserve Bank of Australia reveals September decision as Philip Lowe prepares to hand governor duties to deputy Michele Bullock

Mortgage holders can breathe a sigh of relief with the Reserve Bank of Australia holding steady on interest rates for a third consecutive month. But the outgoing governor has warned that an uncertain financial outlook could force the central bank’s hand in the near future. The RBA board met on Tuesday and decided against hiking … Read more