Australia Financial News

IAG installed an algorithm that deliberately inflated premium calculations for customers perceived as more likely to stay with the insurance giant, a new regulatory lawsuit alleges.

Alinta Energy has approached the NSW government offering to sell electricity from the Eraring coal power station should the state government secure the extension of the plant’s operating life.

A man with close links to former Kidman Resources chief executive Martin Donohue has been charged with insider trading, with the corporate regulator alleging he had early knowledge of Wesfarmers’ $776 million plan to buy the lithium company in 2019.

Wesfarmers posted an 18.2 per cent surge in full-year sales to $43.55 billion, ahead of market expectations, underpinned by strong earnings from its two key retail banners Bunnings and Kmart Group.

Amazon Studios has unveiled the trailer for the upcoming sci-fi film «Foe,» featuring Saoirse Ronan and Paul Mescal, set for a U.S. theater release on October 6. Directed and produced by Garth Davis, known for «Lion,» the movie is an adaptation of Iain Reid's novel, centered on marriage and identity in an uncertain world. The narrative presents humanity facing off against an artificial alternative. The story is set in 2065 and follows the lives of a married couple, Hen (Ronan) and Junior (Mescal), residing on a secluded family farm. Their tranquility is disrupted by an unexpected guest (Pierre), arriving with a unique proposition. Junior is chosen to live on an experimental space station orbiting Earth. However, Hen won't be alone when he leaves. She'll be accompanied by a robotic version of her husband, impacting her profoundly. The film is set to premiere at the New York Film Festival and will subsequently release in Canada, Australia, the UK, and Ireland. Directed by Davis and co-written with Reid, the production involves various producers and executive producers. The trailer evokes comparisons to «Beyond the Sea,» an episode from the series «Black Mirror.»

Woodside Energy has taken steps to streamline its enlarged portfolio after its merger last year with BHP Petroleum, tapping Morgan Stanley to sell its interests in the mature Macedon and Pyrenees oil and gas ventures off Western Australia.

Journey Beyond, owner of “experiential” tourism assets like The Ghan train and Cruise Whitsundays, is back on the auction block less than two years after it changed hands.

Crown Resorts will axe almost 100 jobs in its Sydney casino after weak economic conditions made one of the two VIP gaming floors unviable.

Naturally, the loquacious Alan Joyce has a ready answer for every complaint about Qantas. That’s fortunate given there are so, so many of them – even from the most loyal of customers previously. The Australian Competition and Consumer Commission, for example, has identified Qantas as the most complained about company in Australia for the second year running.

Perpetual chief executive Rob Adams has moved to consolidate control of the enlarged investment manager as he unveiled a “refreshed strategy” following its acquisition of rival Pendal.

reality, social VR and 3D art museums to expand the history, and heritage of tennis to fans globally. Most recently, Infosys launched the Carbon Tracker, allowing ATP players to track and offset emissions from their travel on tour.

India.com report, the price of 1-acre which is approximately 43,560 sq ft or 4,047 sq mtrs is around $37.50 ( ₹1758.75) and the the superstar have been gifted several acres there. In an old interview with Zee News he had said, “An Australian lady buys a little land on the moon for me every year on my birthday. She has been buying it for a while now and I get these certificates from the Lunar Republic Society.

Visy boss Anthony Pratt says Victorians can now recycle their pizza boxes without worry after a $42.5 million upgrade to the company’s Coolaroo plant has given it the “most advanced paper recycling technology in the world”.

MA Financial’s asset management business logged a record $1.26 billion of inflows in the first half, but firm-wide revenue still fell 12 per cent with its investment banking hamstrung by a lack of deal making.

It seems two of Australia’s best-known fund management houses were hobnobbing after market close on Wednesday.

TPG Telecom boss Inaki Berroeta has defended the company’s decision to offload the email accounts of one million customers as the telecommunications group revealed plans to overhaul its brands.

Mining giant South32 says cost increases are the new normal in the industry and that in terms of labour much more pronounced in Australia than other jurisdictions where it operates.

The Victorian government has blamed the Commonwealth Games fiasco on Russia’s invasion of Ukraine and 12 interest rate rises in 14 months as Premier Daniel Andrews declined to attend a federal inquiry into the matter.

Stan has 2.2 million paying customers, a figure revealed by Nine Entertainment for the first time as the media group flagged free trials of the streaming service were coming to an end.

A Costa Group profit warning has cast more doubt over whether a New York private equity firm will push ahead with a takeover offer pitched at $3.50 a share.

Here's some new information about APA Group's knockout bid for Alinta’s Pilbara power assets.