From Boom To Gloom, Australia's Red Hot Property Market Hits Reverse
This April, Australian home repairman Reis Saki put his parents' house on the market in Melbourne's outskirts, with hopes of a quick sale so they could move closer to family and health services.
Australia's Big Banks Hike Fixed-rate Home Loans Amid Rising Interest Rates
Two of Australia's biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to pressure on a housing market which has hit the brakes amid rising interest rates.
Uber Agrees To Australia Minimum Pay Body After Similar Moves In Britain, Canada
Uber Technologies Inc and Australia's main transport union agreed on Tuesday to back a federal body that enforces minimum pay for the company's drivers, joining a global thawing of relations between the ride-hailing giant and industrial bodies.
Australian Retailer Pauses Facial Recognition Trial Over Privacy Complaint
Australia's second-biggest appliances chain said on Tuesday it was pausing a trial of facial recognition technology in stores after a consumer group referred it to the privacy regulator for possible enforcement action.
Australian Retail Giants Targeted In Facial Recognition Tech Complaint
A major consumer group has referred three of Australia's biggest retail chains to the privacy regulator, saying they use "unreasonably intrusive" facial recognition technology on customers and recommending enforcement action.
Australian Retail Giants Named In Facial Recognition Tech Complaint
Three of Australia's biggest retail chains have been referred to the privacy regulator for recommended enforcement action by a major consumer group which has said they use "unreasonably intrusive" facial recognition technology on customers.
Australia Power Crisis Forces Manufacturers To Eye Offshore Moves, Production Cuts
Australia's biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the government to resolve the country's energy crisis.
Australia's Longest-running Soap Neighbours Calls It A Wrap
Neighbours, the Australian soap opera that launched the careers of Kylie Minogue, Margot Robbie, Guy Pearce and all three Hemsworth brothers, shot its last episode on Friday, wrapping the country's longest-running television drama after four decades.
Google Ordered To Pay Australian Politician Over Defamatory YouTube Videos
An Australian court on Monday ordered Google to pay a former lawmaker A$715,000 ($515,000), saying its refusal to remove a YouTuber's "relentless, racist, vilificatory, abusive and defamatory" videos drove him out of politics.
Australia's Albanese: A Pragmatist Who Promises Unity
Anthony Albanese, who becomes Australia's prime minister on Monday, is a pragmatic leader from a working-class background who has pledged to end divisions in the country.
Australian Banks Enter Tech Arms Race As Rising Rates Squeeze Profit
The 10-minute home loan - at the tap of a smartphone screen - is emerging as the next frontier in Australian banking as rising interest rates quash a pandemic-fuelled property boom, eating into mortgage income and renewing focus on cost-cutting tech.
Australia's Albanese Banks On Working Class Brand To Restore Labor To Power
When Australian opposition leader Anthony Albanese was only 12 years old, he says, he helped to organise a rent strike that kept his mother's public housing property from being sold off to developers.
Opposition Leader Offers Australia 'A Better Future' In Campaign Launch
Australian opposition leader Anthony Albanese on Sunday promised the country a "better future" in a campaign launch that was light on controversial reforms but drenched in unity and hope.
Amazon Declines To Describe Search-algorithm Data - Australian Regulator
Amazon.com Inc has declined to describe its product-search system to an Australian competition regulator that has heard complaints of large marketplace platforms giving preference to in-house wares.
Australia To Make Big Tech Hand Over Misinformation Data
Australia's media regulator will be able to force internet companies to share data about how they have handled misinformation and disinformation under new laws that will bolster government efforts to rein in Big Tech.
Qantas Expects Airfares To Rise If Oil Price Remains High
Qantas Airways Ltd expects airfares will need to rise to cover the cost of higher fuel prices as its oil hedging contracts expire, its chief executive said on Tuesday.
China Must Join Global Action Against Russia's Ukraine War - Australia
China must act on its declarations of promoting world peace and join the effort to stop Russia's invasion of Ukraine, Australia's prime minister said on Monday, warning that the world was in danger of being reshaped by an "arc of autocracy".
Credit Suisse Files Lawsuits Against Australia's IAG Over Greensill Collapse
Credit Suisse Group AG joined creditors of Greensill Capital by filing lawsuits in Australia seeking compensation from the country's biggest insurer over the supply chain financier's collapse, court filings showed.
S.Africa Building Giant WBHO Quits Australia, Blames 'Hardline' COVID Response
South Africa's biggest construction firm Wilson Bayly Holmes - Ovcon Ltd (WBHO) said it is pulling out of Australia, saying the country's "hardline" COVID-19 response had impacted its property market and created business uncertainty.
Australian State Sets Minimum Pay For Amazon Contractors In Landmark Step
Australia's New South Wales state ordered employers of freelance delivery drivers such as Amazon.com Inc to pay a minimum rate, a decision hailed by a union as making it the world's first jurisdiction to compel the retailer to follow laws on such payments.
Australia Whisky CEO Quits After 'Extortion' Video Shows Him Smoking Meth Pipe
The CEO of Australia's largest listed whisky-maker quit on Wednesday after video shared with the media showed him apparently smoking methamphetamine, part of what he claimed was a years-long extortion plot.