Rachel Reeves Quietly Reshaping UK Economic Policy
Despite unpopularity and policy U-turns, Rachel Reeves has advanced devolved spending and infrastructure investment, aiming to rebalance the UK economy away from London.
Category : Business
BA boss: UK aviation taxes and rail costs hurting tourism
British Airways CEO Sean Doyle says high aviation taxes and fragmented rail networks are deterring tourists, stunting UK economic growth, and urges policy changes to boost inbound tourism.
Australia's Fertility Rate Hits Record Low at 1.48
Australia's fertility rate has dropped to 1.48 births per woman, the lowest ever, due to cost-of-living pressures and delayed childbearing, raising concerns about an ageing population and economic growth.
Barr Cuts Infrastructure to Save $700M
ACT Chief Minister Andrew Barr announces a $700 million saving by slashing infrastructure projects, redirecting funds to health and education.
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Tax burden forcing brewery closures across Australia, warns industry
Australia's independent brewers warn dozens of businesses could disappear unless governments ease alcohol taxes and regulatory costs, following the closure of James Boag brewery.
HSBC chief warns Australia recession risk from three shocks
HSBC chief economist Paul Bloxham warns Australia's recession risk is rising due to three shocks: RBA rate hikes, Middle East conflict, and budget uncertainty. GDP growth slowed to 0.3% in Q1.
Labor Minister Rejects NZ PM's CGT 'Wrecking Ball' Claim
Employment Minister Amanda Rishworth rejects New Zealand PM Christopher Luxon's claim that capital gains tax is a 'wrecking ball', citing different tax systems between the two countries.
Five Writers on Their Most Memorable Family Holidays
From Finland to Naples, Norfolk to Turkey, five writers recount family holidays that brought them closer despite chaos and challenges.
Maldives: More Than Honeymoons for Aussies
Discover why the Maldives is more than a honeymoon spot. New direct flights from Melbourne, affordable luxury resorts, and endless activities make it a perfect getaway for all.
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Personal Loans Hit Record $5.1bn Amid Cost of Living Crisis
New personal loans issued by banks reached a record $5.1bn in Q1 2026, driven by rising living costs and financial stress. Calls to the national debt helpline have also surged.
IKEA's $159 Inflatable Armchair Goes Viral
IKEA's new PS 2026 Easy Chair, a $159 inflatable armchair with a '90s-inspired design, has gone viral in Australia, sparking nostalgia and praise for its comfort and innovation.
CGT Changes Could Spike Tax on Top ASX Stocks by 82%
New analysis reveals Labor's proposed capital gains tax changes could increase taxable gains on popular ASX stocks by 82%, with investors facing effective tax rates up to 48%.
Woolworths Axes Single-Handle Baskets After Backlash
Woolworths has removed its unpopular single-handle shopping baskets, replacing them with a two-handle design made from recycled materials. Customers had complained about discomfort and difficulty carrying the baskets.
Perth Mum's Cleaning Frustration Sparks Award-Winning Business
Tabitha Wellman turned her struggle to find a reliable cleaner into Manhattan Maids, now a nationally-awarded cleaning business operating across Australia with a team of 85.
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Stevie Nicks Donates $3M to USC for Voice Doctor Chair
Stevie Nicks has donated $3 million to the University of Southern California's medical school to create an endowed chair in otolaryngology honoring Dr. Joseph Sugerman, her longtime voice doctor.
SpaceX IPO: How to Buy Shares and Risks Explained
Elon Musk's SpaceX plans the biggest IPO in history, raising $75bn. Learn how to buy shares, risks, and expert opinions on the June 12 launch.
UK ceramics sector seeks more aid despite £120m package
The UK ceramics industry, employing 20,000 people, calls for further government support amid rising energy costs and international competition, despite a recent £120m package.
Canadian Walmart workers sign first union deal
Canadian warehouse workers at Walmart have signed their first-ever collective agreement, a breakthrough that union leaders say is just the start of a broader fight to unionize major employers across the country.
Woolworths Brings Back Twin-Handle Baskets After Complaints
Woolworths is reintroducing twin-handle shopping baskets across all stores by September after customers complained about the single-handle design introduced in 2023.
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Shadow Minister Exposes $7M Ad Spend on Deposit Scheme
Shadow Housing Minister Andrew Bragg revealed Labor spent nearly $7 million on advertising its 5% deposit scheme, sparking a fiery Senate exchange with Finance Minister Katy Gallagher.
Price challenges ASIC on insolvency blame amid economic pressures
Liberal Senator Jacinta Nampijinpa Price questions ASIC over attributing rising business insolvencies to poor financial control, arguing broader economic factors under the Albanese government are to blame.
Aviation Leaders Meet in Rio Amid Fuel Crisis Defiance
The Iata AGM in Rio de Janeiro sees airline leaders defy jet fuel shortages and war threats, focusing on recovery and future challenges.
IGA launches pineapple chicken sausages for Queensland Day
An IGA store in Queensland has created pineapple-infused chicken sausages to celebrate Queensland Day, sparking debate. Proceeds support a local school.
Parents Splurging $500 Billion on Unneeded Baby Items
Australian parents are spending billions on baby products, with many buying unnecessary luxury items. Experts warn of intense financial pressure and urge focus on essentials.
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Donkey Trekking in the Spanish Pyrenees: A Family Adventure
A family of four embarks on a week-long donkey trek through the Spanish Pyrenees, discovering the joy of slow travel and the strong-willed nature of their donkeys.
Bank Closures at 53 Per Month Leave Customers Frustrated
UK banks are closing at a rate of 53 per month, leaving customers like pensioners and small business owners struggling with app outages and limited access to face-to-face banking.
Ebiking in Romania: Bears, Roots, and Blood
Tim Dowling's ebike holiday in Romania begins with a bear scare, a nasty shin injury from tree roots, and his wife tumbling into gorse. Day one of four promises more adventure.
Zinc Airlines: New Budget Carrier Eyes Western Sydney Hub
Zinc Airlines, led by former Qantas Loyalty boss Peter Kelly, aims to break into Australia's duopoly by basing operations at Western Sydney International Airport, using a single aircraft type and a novel operating model.
Woman Used Super for Weight-Loss Surgery to Get Hip Replacement
A 69-year-old nurse from NSW withdrew $22,000 from her superannuation to pay for weight-loss surgery after being denied a hip replacement due to her weight. The procedure allowed her to lose weight and eventually undergo the hip replacement.
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Woman Uses Super for Weight-Loss Surgery to Get Hip Replacement
A 69-year-old nurse from Lithgow, NSW, withdrew $22,000 from her superannuation to pay for gastric sleeve surgery after being denied a hip replacement due to her weight. The procedure enabled her to lose weight, qualify for the hip replacement, and return
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