The local benchmark fell to a two-month low on Tuesday as equities continue their correction after a round of central bank meetings last week signalled interest rates would need to stay higher for longer. The S&P/ASX 200 sank by 38.4 points, or 1.3 per cent, to 2949 points as bondContinue Reading
A senior diplomat has told a court she was not aware of any plans to bring ISIS brides and their children back to Australia. On Tuesday, a “last resort” legal fight began in the Federal Court hoping to force the Australian Government to repatriate 12 Australian women and their 21Continue Reading
Ben Roberts-Smith’s financial supporters at the Seven Network, including billionaire Kerry Stokes, will go ahead with challenging an order to hand over thousands of documents showing their level of involvement in the soldier’s failed defamation trial. Earlier this year, Federal Court Justice Anthony Besanko ruled some of the imputations againstContinue Reading
The woes of debt-ridden Chinese property giant Evergrande just got a whole lot worse after 87 per cent of its market value was wiped away in less than a month. Of that, 25 per cent was lost in a single day, on Monday local time, following some bad news forContinue Reading
Australians would be better served if international airlines were granted greater access to the nation’s capital cities, as more competition could drop prices, the productivity commission says. Acting chair Alex Robson said while the current arrangements had served Australia well, there was room for improvement. “There would be benefits fromContinue Reading
Startling new research has revealed the extent of the Yes campaign’s failure to convince Australians to support the proposed Voice to Parliament. Market research firm Pollinate probed the success of the recently released John Farnham-backed advertisement, finding it had more of an adverse effect than a positive one. “If theContinue Reading
The Australian sharemarket has scraped through Monday to close higher despite China-related losses threatening to bring it to a new low. The ASX/S&P 200 closed just 0.1 per cent or 7.7 points higher to finish at 7042.7, just shy of its lowest point since July 11. The All Ords roseContinue Reading
A passenger on a packed flight in India was arrested after he tried to open an emergency door midair to jump, police said. Officials said Biswajit Debnath, 41, fiercely attempted to force open the emergency doors of an aircraft during a domestic flight from Guwahati to Agartala in India onContinue Reading
A few months ago Natalie Bassingthwaighte thought cruises were for retirees. Flash forward to now and the outgoing Australian singer and actress is already planning a cruise for her 50th birthday in two years after a European summer sailing the Mediterranean blew her mind. “It completely took me by surpriseContinue Reading
New York Times columnist David Brooks has apologised for putting out a widely mocked social media post complaining about the price of his airport restaurant bill. “I screwed up. I should not have written that tweet,” Brooks said during Friday’s episode of PBS NewsHour. Brooks courted ridicule and derision onContinue Reading