City Canberra Financial News

Incoming Reserve Bank governor Michele Bullock has updated her register of personal interests after failing for more than a year to declare she was a member of the exclusive Qantas Chairman’s Lounge.

Westpac CEO Peter King and Australian Banking Association CEO Anna Bligh met Treasurer Jim Chalmers on Wednesday evening to ask the federal government to implement a new policy the banks are calling the “regulatory grid”.

Japan’s Inpex has taken another public swipe at the Albanese government’s gas strategy, telling a conference in Darwin the country is a “global outlier” on energy policy and accusing Canberra of “moving the goal posts” on multi-billion-dollar gas investments.

Anne Guirguis had worked at Qantas for 27 years when she was sacked from her job cleaning international aircraft in Sydney during the depths of COVID-19 in February 2021.

UK lawyers behind a $70 billion class action against BHP over the Samarco mine disaster will lobby Australian politicians, super funds and investors this week ahead of a major shareholder meeting for the mining giant.

Sea Legs general manager Declan Roche says prolonged high petrol prices are driving up the costs of getting his Brisbane brewery’s beer into the hands of customers.

Transport Minister Catherine King has promised to deal with anti-competitive behaviour by airlines at the country’s largest airport “shortly”, after releasing a report into aviation that acknowledges competition concerns but provides little in the way of solutions.

On Tuesday, amid mounting pressure, Qantas chief executive Alan Joyce announced he was stepping down, handing over the reins to Vanessa Hudson two months earlier than expected.

Resources Minister Madeleine King says tax breaks for critical mineral projects and lithium processing are “on the table”, as the government seeks to compete with US and allied nations for international investment.

Investing.com-- The Australian economy grew a touch above expectations in the second quarter, data showed on Wednesday, as strong exports and infrastructure spending helped offset the impact of sticky inflation and high interest rates.

By Kirsty Needham

Trade, investment, people-to-people links as well as regional and international security are among the issues up for discussion in next Thursday's talks, Foreign Minster Penny Wong's office said. The high-level dialogue had been held annually from 2014 until it was stopped in 2020. In a statement, Wong added that the talks represent 'another step towards increasing bilateral engagement and stabilising our relationship with China,' Former trade minister Craig Emerson will head the Australian delegation, which also includes their former foreign affairs minister Julie Bishop.

West Australian Premier Roger Cook will fly to Indonesia with a delegation of mining executives and state ministers working to secure deals with the largest economy in South-East Asia to develop his state’s critical minerals industry.

Qantas claims the domestic aviation market is “highly competitive”, blaming air traffic control staffing issues and weather conditions for causing the airline to cancel Canberra services at more than five times the rate of competitors.

Australian woman's brain was found to harbor a live 8cm (3in) worm, a never-before-seen phenomenon in human medicine. This unprecedented event, detailed in the Emerging Infectious Diseases journal, marks a monumental leap in our understanding of parasitic infections and the intricate relationship between animals and humans.

Staff at KPMG and Deloitte are most willing to lodge workplace complaints and least likely at Accenture, misconduct data disclosed by the nation’s five major consulting firms show. EY and PwC sit in the middle of the pack.

A woman who underwent brain surgery for a host of medical complaints got far more than she bargained for when doctors pulled an eight-centimetre-long live worm from her brain.

US Marines died Sunday after an Osprey aircraft crashed on a remote tropical island north of Australia during war games, US military officials said. Five Marines had been rescued from the crash site and flown to a hospital in Darwin in a «serious condition», the US officials said, while Australian police said they were triaging the rest of the injured crew at the scene. «There were a total of 23 personnel on board,» US military officials said in a statement. «Three have been confirmed deceased while five others were transported to Royal Darwin Hospital in a serious condition.» Rescue efforts were complicated by the location of the crash — the remote and sparsely populated Melville Island about 60 kilometres (37 miles) north of the Australian mainland. «Recovery efforts are ongoing,» US officials said, adding that an investigation into the cause of the incident had been launched. Prime Minister Anthony Albanese described the incident as «tragic» and «regrettable» but stressed that authorities were still trying to piece together what happened. «We want to make sure that any information that is provided is absolutely accurate,» he told reporters. The Osprey — a mix between a helicopter and a plane — was taking part in the Predators Run exercises, a joint series of warfighting drills involving thousands of soldiers from the US and Australia, as well as other militaries such as Indonesia and the Philippines. Northern Australia has become an increasingly important staging ground for the US military in recent years, as Washington and Canberra work together to counter China's growing clout in the Asia-Pacific region. — Troubled aircraft — The Osprey aircraft has a troubled history, blighted by a string of fatal crashes over the

Commonwealth Games officials initially sought a “multibillion-dollar” payout from Victoria’s Andrews government for its cancellation of the 2026 event, and independent mediators were crucial in containing it to a$380 million deal that went down to the wire.

Rugby Australia will gain control over key management, coaching and talent decisions at the country’s five Super Rugby clubs in a major restructure designed to dramatically improve performance and unify the sport.