Australia Financial News

A Senate inquiry into the Albanese government’s rejection of Qatar Airways’ bid to expand flights to Australia says the decision should be immediately reviewed and recommends future airline applications be subject to a formal cost-benefit analysis and examined by the competition watchdog.

A recent report from the U.S.-based Atlantic Council think tank revealed that a total of 130 countries are now exploring central bank-issued digital currencies (CBDCs). Over half of those are already in advanced development, pilot or launch phases.

Barrenjoey Capital Partners is paying its deal makers their bonuses in monthly instalments, instead of quarterly, as investment banks ride out the downturn in fees and come up with creative ways to mitigate defections.

Advances in shipping mean that liquid hydrogen will become the preferred form of the energy source, trumping hydrogen converted from ammonia, according to Jason Crusan, vice president of new energy solutions at Woodside.

Mitsubishi, one of Japan’s biggest investors in Australian resources, has called on the Labor government to ensure a stable investment environment, warning the clean energy transition needs to be approached with caution.

Retailer shareholders were “extremely disappointed” by the PwC tax leaks scandal because it raised doubts about the big four firms’ ability to carry out high-quality audits of listed companies, the Australian Shareholders’ Association has told an inquiry into the sector.

The ASX is set to become a hunting hotspot for private money as cashed-up global funds zero in on distressed companies.

Andrew Forrest’s Squadron Energy will spend as much as $20 billion by 2030 to build out its renewable projects, CEO Jason Willoughby said, illustrating the scale of the company’s ambitions.

Fortescue is on the cusp of signing more renewable energy supply deals as it pushes ahead with plans to make green ammonia at Gibson Island in Queensland.

The stuttering energy transition is forcing big industrial companies like Boral to temporarily shut down cement production to avoid peak electricity prices, putting at risk the nation’s build-out of housing and infrastructure stock.

The chief executive of the $24 billion oil and gas group Santos says the world will always need fossil fuels in some form, and there will be a large role for gas beyond 2050.

Heritage Bank chief executive Peter Lock says “the mortgage wars are not over” and is bracing for a fresh competitive push from Commonwealth Bank after its market share declined in July and August.

The federal government’s $387 billion price tag to replace Australia’s coal-fired power stations with small modular nuclear reactors “doesn’t make sense,” an executive from US manufacturer Westinghouse Electric has claimed, arguing the price could be much cheaper.

Mayfair 101 founder and self-styled visionary businessman James Mawhinney is facing a threat of bankruptcy over an alleged $3.5 million debt.

Fortescue Energy chief executive Mark Hutchinson has challenged companies to bring forward their net zero emissions targets and says those with 2040 or 2050 horizons are lazy and not acting urgently enough to rein in climate change.

The Reserve Bank has ordered ASX to “redouble its efforts” to improve its corporate governance and risk management culture after the company botched the upgrade of the equity market’s post-trading systems last year.

Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Nasser Hussain, another prominent figure in England's cricketing annals, traces his roots back to Madras (now Chennai), India. Aged 7 when his family relocated to England, Hussain went on to don the English colours from 1989 to 2004.

Australia’s biggest private hospital operator, Ramsay Health Care, has lobbed a first-round offer for Cura Day Hospitals, put up for sale by Citi in May, Street Talk can reveal.

It took until the very last of 40 pool stage games for the quarterfinalist to be confirmed in a match that had two winners and one loser.

Sensex and Nifty 50, ended over half a percent higher each after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.

Cricket World Cup to give a big boost to their businesses even as social media users expressed surprise that the stadium was not full for India's first match against Australia on Sunday. Executives working in these industries said they expect a 30-40% spike in sales during the tournament that will conclude on November 19. Many bars and restaurants have rolled out discounts, promotions, merchandise, cricket-themed menus, screenings, theme decor, and even virtual reality zones. Food delivery app Zomato on Sunday said it has signed actor Ranveer Singh and cricketer Chris Gayle to catch the «cricket energy» for its World Cup campaigns, which includes an AI-generated film. 'Big spike in reservations' Zorawar Kalra, founder of Massive Restaurants that runs Farzi Cafe, Masala Library and Bo Tai, said Sunday's match would have led to a 25-35% increase in «organic» reservations for his outlets that were screening it compared to normal Sundays. «I say organic because it wasn't like we proactive reached out to these customers.