The Australian Energy Market Operator CEO says there needs to be a change to the power grid in order to avoid blackouts in the summertime. NSW and Victoria risk being without power this year during the extreme heat due to aging coal and gas generators, according to the Australian Energy Market Operator (AEMO). 777,000 NSW […]

Qantas has announced the testing of non-stop flights from Sydney to London and New York amid a $1.3 billion drop in profits. The annual results released by Qantas showed a 6.5 per cent fall in net earnings which it has put down to rising fuel costs. But the airline is focusing on “Project Sunrise” which […]

Property developer Stockland is urging banks to exercise responsible lending amid the uncertain post banking royal commission environment. Stockland’s net profit fell 70 per cent to $311 million as a retail recession hit its shopping centres, but the CEO says he’s also concerned about the banks’ ability to lend. CEO Mark Steinert tells Ross Greenwood […]

An expert says the family home should be included in the means test to make the age pension system fairer. Respected actuaries and retirement income experts David Knox, Anthony Asher and Michael Rice have released a report that warns once more people begin to access their superannuation the problems with the current system will emerge. […]

The BHP chief financial officer argues their choice to act on climate change is a smart business move. The mining giant will try to monitor and influence the carbon emissions of customers and even try to tie executive pay packets to the success of reducing greenhouse gas emissions. It has been announced that BHP has […]

Australians could face up to two years in jail and be fined $25,000 for completing cash transactions in excess of $10,000, under a proposed new law. The proposal to criminalise large cash transactions has been put forward in an attempt to crack down on the black economy and tax avoidance. But the head of External […]