UK Hospitality VAT Cut: Sector Relief vs Taxpayer Cost
A temporary VAT cut for UK hospitality could save businesses £2.5bn but cost taxpayers £3.1bn, raising debate on fiscal impact.
Category : Business
Global Billionaire Count Hits Record 2,682
The number of billionaires worldwide reached a record 2,682 in 2026, driven by AI and tech wealth, with total assets surpassing $14 trillion, according to UBS.
UK Housebuilders Hit With Class Action Over Price Fixing
A class action lawsuit has been filed against major UK housebuilders, alleging they colluded to inflate home prices, potentially affecting millions of buyers.
Coles Launches Christmas Hams in June for Winter Sales
Coles has released Christmas hams in June, six months early, as part of a global winter sales trend. Shoppers react with surprise and curiosity.
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Sainsbury's Cuts Prices to Match Aldi Amid World Cup
Sainsbury's reports its lowest grocery inflation in two years, attributing the drop to its Aldi price-match scheme and World Cup promotions.
UK disposable incomes squeezed by rising prices and taxes
UK household disposable incomes fell 1.2% in Q1 2026 as price rises and tax increases outpaced wage growth, ONS data shows.
GTA Workers Seek Union Recognition at Rockstar Games
Workers at Rockstar Games, the maker of Grand Theft Auto, are seeking union recognition, marking a potential milestone in the video game industry.
Lancelin locals sandbag to save town from coastal erosion
Lancelin residents use sandbags to fight coastal erosion after losing 35-50m of coastline in 12 months, with the shoreline within 5m of the Lancelin Sands Hotel.
10 New PBS Listings Slash Medicine Costs for Thousands
From July 1, 10 new and expanded PBS treatments will cap costs at $25 per script, including severe asthma drug Tezspire and first nasal spray for anaphylaxis Neffy.
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Australia Secures 250,000 Tonnes of Fertiliser from Indonesia to Boost Food Security
Australia secures 250,000 tonnes of fertiliser from Indonesia to ease supply disruptions and support farmers ahead of winter planting.
Perth petrol prices spike to $2.07 amid Middle East tensions
Perth petrol prices hit $2.07 per litre as Middle East tensions disrupt global oil supplies, with further increases expected.
Geelong's Gender Pay Gap in Education and Business Sectors Revealed
WGEA data reveals gender pay gaps in Geelong's education and business sectors, highlighting disparities in career advancement for women.
Windfall Tax On Gas Firms As Costs Surge
Australia considers windfall tax on gas firms as Middle East conflict drives energy prices to record highs.
Expert Warns Labor's Property Tax Reforms Could Spark Rental Crisis
Labor's property tax reforms may help first-home buyers but risk reducing rental supply, warns real estate industry.
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De'Longhi Kettle Sale: Chic Model Now Under $100
De'Longhi Distinta Titanium kettle now $104 at Amazon Australia, 38% off. Stylish, quiet, 1.7L, BPA-free, limited time.
Geraldton Man Wins $1.8M Lotto, Plans Overseas Trip
A Geraldton man in his 60s won $1.8 million from Saturday Lotto, planning to trade 12-hour work days for international travel, including the Chiang Mai Yi Peng Lantern Festival.
Australia Frees Up Fuel Reserves Amid Middle East Crisis
Australia frees up fuel reserves as Middle East crisis eases; petrol prices drop below pre-conflict levels despite ongoing supply disruptions.
AirAsia Flight Makes Emergency Landing in Brisbane After Cabin Pressure Alert
AirAsia flight D7221 from Sydney to Kuala Lumpur made an emergency landing in Brisbane after a cabin pressure alert. All passengers and crew safe.
Australian Couple Forced to Cancel Bali Honeymoon After Wedding Gift Platform Freezes $9,000
Australian couple cancels Bali honeymoon after Hitchd freezes $9,144 in wedding gifts, leaving them unable to access funds for months.
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Auric Mining Reports 32% Resource Upgrade at Munda Gold Deposit
Auric Mining upgrades Munda gold resource by 32% to 192,000 ounces after successful Starter Pit campaign that exceeded production targets.
Cheap DIY Fixes Under $50 to Winter-Proof Your Home
Learn cheap DIY fixes under $50 to winter-proof your home, including insulation film and bubble wrap to stop heat loss through windows.
Two Dead in Gold Coast Plane Crash Near Private Airstrip
Two men die in light plane crash near Gold Coast airstrip; ATSB investigates cause; grassfire sparked.
IEEFA Warns of Cost Crisis for Hunter Coal Producers
IEEFA report warns of cost death spiral for Hunter coal due to falling demand, rising costs; industry rebuts, citing near-record exports.
Man Dies in Erratic Mitchell Freeway Crash, Two Critically Injured
A 38-year-old man died and two were critically injured in a Mitchell Freeway crash after erratic driving. Traffic disrupted for hours.
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Variety NSW Bash 2026 Cancelled Over Fuel Costs
Variety NSW Bash cancelled due to fuel costs and shortages, affecting charity fundraising and regional support.
Jetstar Considers Switching to Size-Based Carry-On Rules to Reduce Passenger Stress
Jetstar reviews carry-on baggage rules, considering size-based limits to ease passenger anxiety and reduce gate fees.
Aussie Tea Brand Beats Coca-Cola to Win Global Innovation Award
Queensland-based East Forged beats Coca-Cola and PepsiCo to win Best Drink Innovation at 2026 World Food Innovation Awards with nitrogen-infused cold-brew tea.
Perth Suburbs Join Million Dollar Club As Housing Boom Continues
Nearly half of Perth suburbs now have median house prices over $1 million, with new entrants including classic suburban areas. Analysts are split on future price trends.
China Warns Australia 55% Beef Tariffs Could Apply Within Days
China warns Australia it could impose 55% tariff on beef imports within days as quota nears, threatening trade.
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EU imposes duty-free steel quota on UK imports post-Brexit
The EU has set a duty-free steel import quota for the UK, limiting annual shipments to 1.2 million tonnes to protect its market post-Brexit.
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