Business

Rex is accused of misleading and deceptive conduct by the corporate regulator. (Jane Dempster/AAP PHOTOS)

Alex Mitchell

Corporate regulator suing Rex, directors over breaches

The Australian Securities and Investments Commission is taking Rex to court after accusing the regional airline of misleading and deceptive conduct.

11 Dec 2024

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analysis

Energy

Nicola Smith

Can the Coalition actually get nuclear power up and running?

A fiery clash between Energy Minister Chris Bowen and his opposition shadow Ted O’Brien set the scene for one of the most ideological battles of the election. Nicola Smith cuts to the heart of the debate.

Fashion brand Katies to be wound down, 500 jobs gone

Nearly 500 staff of collapsed Mosaic Brands will lose their jobs by the start of next year as the group’s receivers close 160 stores and wind down the Katies brand as part of a “consolidation program”.

A piping hot economy vs a public spending package that could be boosting inflation: welcome to the Christmas rates conundrum.

analysis

Jackson Hewett

No Santa rate relief from Grinch Bullock for ailing economy

The RBA says the economy is too hot, business says it’s too cold. The Government says it has saved the country from recession and the Opposition says the private sector is swamped. Welcome to Christmas 2024.

Insurer sued over 'loyalty tax' that cost customers thousands

A class action has been filed on behalf of millions of customers allegedly ripped off on home and contents insurance policies.

updated

Tough trading at Myer but Black Friday sales encouraging

Myer executive chair Olivia Wirth is encouraged by sales recorded during the major Black Friday shopping event despite challenging trading conditions observed in the first half of the 2025 financial year.

USA

The Washington Post

Murdoch’s trust stoush a ‘carefully crafted charade’

A US commissioner has sensationally rejected Rupert Murdoch’s effort to change his family trust. Here’s what the ruling said.

Why Myer is beefing up security with body cameras for staff

Mid-market department store Myer is beefing up security in its stores, trialling the use of body cameras and handheld radios for employees.

Video

CNBC

He bought a KFC store for $100,000. Now he’s worth $3b

As a kid, Jack Cowin shovelled snow and sold Christmas cards for cash. By the time he reached his 20s, it was burgers. Today: The 82-year-old is a billionaire, thanks to his fast food empire.

Jobs and stores to vanish after Aussie fashion giant entered administration

‘The decision ... has not been taken lightly.’

Governor of the Reserve Bank of Australia Michele Bullock.

updated

Matt Mckenzie

No Christmas cheer from RBA as rates to stay put until 2025

The RBA has given a strong signal that an interest rate cut will be on the agenda next year despite offering no pre-Christmas relief for borrowers on Tuesday.