All ministers have been told to scour their portfolios for potential cuts, but Jim Chalmers has given himself leeway to not deliver a net savings package in December.

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This is the RBA’s cruellest rate hike. Australia is becoming K-shaped

Australia & Pacific

1w ago

This is the RBA’s cruellest rate hike. Australia is becoming K-shaped

The Reserve Bank’s fifth rate rise of the year will hit an economy where young families and small businesses are feeling the most pain. That has consequences.

#rba #australia

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Shrinking subsidies haven’t stifled the battery boom

Science & Climate

1w ago

Shrinking subsidies haven’t stifled the battery boom

Sustained demand for home battery systems is fuelling calls to rethink the federal government’s $7.2 billion home battery scheme.

#batteries

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Rocket stock 4DMedical in retail investors vs hedge funds battle

Business & Economy

1w ago

Rocket stock 4DMedical in retail investors vs hedge funds battle

To understand recent trading in rocket stock 4DMedical, you need to consider how big funds vote.

#medical

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Supermarket fridges across Europe are being hacked. Could the same thing happen here?

Technology

1w ago

Supermarket fridges across Europe are being hacked. Could the same thing happen here?

Supermarket fridges are being remotely hacked, spoiling massive quantities of food. Are Australian supermarket chains prepared for similar attacks?

#europe #australia

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Blackstone’s big HSBC loan book buy is shrinking, fast

Property & Real Estate

1w ago

Blackstone’s big HSBC loan book buy is shrinking, fast

Blackstone’s dealmakers face a nervous end to the year as droves of HSBC’s local customers walk away, leaving behind a dwindling loan book.

#hsbc #blackstone

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Chalmers, Bullock grapple with a home-grown debacle

Technology

1w ago

Chalmers, Bullock grapple with a home-grown debacle

The treasurer and the RBA governor are telling very different stories on inflation. The latest rise in interest rates will test the reputations of both.

#rba #interest-rates #bullock

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Australia is battling AI slop work claims. The rest of the world is worse

World News

1w ago

Australia is battling AI slop work claims. The rest of the world is worse

Employment officials from UK, Ireland, New Zealand and South Africa have gathered in Sydney as the AI-assisted unfair dismissal claim surge goes global.

#new-zealand #australia

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Private credit player Keyview marks down loans amid buyer hunt

World News

1w ago

Private credit player Keyview marks down loans amid buyer hunt

Keyview’s woes come as it chips away at finding a buyer, now casting its net to offshore investors.

#keyview #sydney

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Abu Dhabi’s XRG in $2.1b deal to buy Shell out of North West Shelf

Business & Economy

1w ago

Abu Dhabi’s XRG in $2.1b deal to buy Shell out of North West Shelf

One year after Abu Dhabi’s XRG dropped its Santos bid, it has a big Australian purchase.

#xrg #abu-dhabi #shell

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The one thing propping up Victoria’s economy is on ice

Australia & Pacific

1w ago

The one thing propping up Victoria’s economy is on ice

Labor has confirmed it has nine applications in a queue for more than $5 billion in data centre proposals, but caretaker mode will put a freeze on any decision.

#victoria #election

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High Court confronts messy world of lurking in social media ban case

Technology

1w ago

High Court confronts messy world of lurking in social media ban case

Reddit has argued that the Albanese government rushed its signature restrictions on children using its platform, preventing them from forming political views.

#social-media-ban #albanese #reddit

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