How Tax Changes Reshape Australia's Housing Market
New data reveals the impact of negative gearing and capital gains tax changes on Australian property, with falling prices and low clearance rates, especially in Sydney.
Category : Business
Tottenham sign Andy Robertson on free transfer
Tottenham have completed the free transfer of Andy Robertson from Liverpool. The Scotland captain joins as Roberto De Zerbi rebuilds his squad after avoiding relegation.
Asda Chair Allan Leighton Optimistic on Turnaround
Allan Leighton, Asda's chair, remains confident the supermarket will fend off Aldi's challenge. Despite falling sales, he highlights investments, IT stability, and a focus on clothing and general merchandise as key to revival.
RBA Deputy Governor Questioned on Spending Impact on Rates
RBA deputy governor Andrew Hauser faced questions on government spending's role in interest rate decisions at Australia's Economic Outlook forum, as PM Albanese defended tax reforms.
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Insolvencies up 200% under Albanese: ASIC data
New ASIC data reveals insolvencies have soared 200% since Labor came to power, with construction and hospitality hardest hit. Shadow minister Jacinta Nampijinpa Price blames economic mismanagement.
Over 60% of Australians expect recession by Christmas
More than 60% of Australians believe the country will be in recession by Christmas, as high inflation and low productivity weigh on the economy, according to Finder research.
Snowy Hydro 2.0 Likely to Miss 2028 Deadline
Snowy Hydro CEO Dennis Barnes concedes the 2028 completion deadline for the overbudget Snowy Hydro 2.0 is unlikely, as costs soar to $42 billion. Critics blame contractor issues and government contract changes.
China to Slap 55% Tariff on Australian Beef
China will impose a 55% tariff on Australian beef within days as exports surpass the annual quota, aiming to protect local farmers. The move follows rising popularity of Australian beef in China.
NSW Boosts Bus Fare Inspections to Combat $157M Evasion Loss
Transport NSW is deploying 40 new Opal ticket officers on buses in a two-year trial to crack down on fare evaders, who cost the state $157 million annually.
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BHF to Close 150 Shops, Cut Jobs as Costs Rise
The British Heart Foundation announces closure of 150 charity shops and job cuts due to rising costs and online shopping shift, with net profit plunging from £18.8m to £3.6m.
US Adds 172K Jobs in May; Unemployment Steady at 4.3%
US employers added 172,000 jobs in May, with unemployment at 4.3%, indicating a resilient labor market despite rising inflation and Middle East conflict.
Northern Oyster Card Could Save £276 a Year
A proposed travel card for northern England, modelled on London's Oyster system, could save commuters up to £276 annually and generate £2.7bn for the economy over five years.
NYC Consumer Chief Takes on Junk Fees and Deceptive Subscriptions
New York City's consumer protection commissioner launches aggressive campaign against junk fees and deceptive subscriptions, aiming to crack down on corporate lawbreaking.
Hodge Slams Lack of Transparency Over Andrew's Income
Dame Margaret Hodge expressed shock that the National Audit Office failed to establish Andrew Mountbatten-Windsor's income from subletting crown estate properties, raising concerns over taxpayer subsidies for non-working royals.
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OnePass Tops Flybuys as Best Rewards Program in Australia
OnePass, a $4/month paid membership, has been named Australia’s favorite rewards program, ending Flybuys' three-year streak. Canstar report highlights changing shopper habits.
One in Four Young Australians Own Crypto, ASIC Warns
ASIC warns one in four young Australians own cryptocurrency, with many turning to AI and social media for financial advice, raising regulatory concerns about finfluencers.
Aussies Pull $13 Billion from Super to DIY Funds
Aussies have withdrawn $13 billion from major super funds in 12 months, moving to self-managed funds. This trend risks losses, as seen in a Brisbane couple losing $580,000.
Private Credit Crisis Hits Australia: $2.5 Trillion Meltdown
Panic spreads through global economy as $2.5 trillion private credit industry faces meltdown, trapping $3 billion in Australia and threatening super funds.
EOFY 2026 Laptop & PC Deals: Best Early Sales in Australia
Discover the best early EOFY 2026 laptop and PC deals in Australia, including discounts on HP, Lenovo, Apple, and more. Save big on AI laptops, gaming rigs, and monitors.
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King's Birthday Shopping: Open and Closed Stores Across Australia
Find out which shops are open on the King's Birthday long weekend. Woolworths, Coles, Bunnings, and more details for each state and territory.
ASIC Awarded $3M to KPMG Amid Probe
Australia's corporate watchdog ASIC has awarded $3 million to KPMG while under investigation for potential conflicts of interest.
UK House Prices Drop Unexpectedly in May Due to Iran War
UK house prices fell unexpectedly for the third consecutive month in May, dropping 0.1% to £298,806, as rising mortgage rates from Iran war uncertainty hit affordability and demand.
Waterfront Homes in England and Scotland
Explore a curated selection of homes for sale with water views across England and Scotland, from a London houseboat to a loch-side retreat on the Isle of Skye.
Economic Draft? Military Recruitment of Young Neets Sparks Debate
As youth unemployment rises, calls for military recruitment among Neets grow, but critics cite high drop-out rates and ethical concerns.
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Gary Lineker's Goalhanger Tops UK Growth List
Goalhanger, co-founded by Gary Lineker, tops the Sunday Times list of fastest-growing UK companies with £37.9m in sales, driven by podcast subscriptions and live events.
Tributes for Aviation Journalist Geoffrey Thomas, Dead at 74
Geoffrey Thomas, one of the world's most respected aviation journalists, has died at age 74 after a short illness, prompting tributes from colleagues and industry leaders.
SpaceX IPO: High Valuation, AI Losses, Musk Control
SpaceX's IPO offers investors a chance to bet on Elon Musk's vision of AI data centers in space and Mars colonies, despite billions in losses and limited voting rights.
Tech Giants Warn Trump Retaliation Over Media Pay Law
Meta, Google, and TikTok face a proposed Australian levy to pay news outlets. Tech firms argue it violates the US-Australia free trade agreement and risks Trump-era retaliation.
Bitcoin Plunges Below $62K, $2.3 Billion Wiped in Sell-Off
Bitcoin's steepest sell-off in months wiped over $2.3 billion in 24 hours, with 208,000 traders liquidated. Analysts warn of further declines as institutional demand weakens.
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ASX Falls 1.13% on Middle East Tensions After Record High
The ASX 200 dropped 99.6 points as Iranian missile attacks and an Israel-Lebanon ceasefire spooked investors, with mining and tech stocks leading losses.
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