AU Business News | ABC

Police attempt to remove protesters from controversial Western Hwy upgrade site

The Western Highway is closed between Ararat and Ballarat as about 50 police move into a main camp where protesters have been stationed for years in a bid to protect numerous trees.

Source: Latest business news | 27 Oct 2020 | 12:42 pm

Czech Republic tightens coronavirus restrictions three times in two weeks

The Czech Republic has imposed a curfew and will limit retail sales on Sundays as part of tighter measures to curb the spread of novel coronavirus infections.

Source: Latest business news | 27 Oct 2020 | 12:38 pm

Bubble tea business has Khawlah tasting sweet success, and giving back to her small town

Year 9 student Khawlah Asmaa Albaf is busy running her own part-time business at 14 years of age, and putting voice to the issues affecting youth in her NSW town of Young.

Source: Latest business news | 27 Oct 2020 | 10:51 am

Donald Trump and Xi Jinping: a very special friendship that changed US-China relations forever

The US President promised to reset his country's relationship with China, but four years later he still hasn't managed to get his "very good friend" to agree to the big new deal he's always wanted.

Source: Latest business news | 27 Oct 2020 | 10:27 am

'Disappointed' staff vent fury over 'immoral' University of Newcastle cuts

Staff at the university say they're being left in the dark and that their employer is using COVID-19 as a pretext to introduce heavy cuts that will see courses cancelled and faculties amalgamated.

Source: Latest business news | 27 Oct 2020 | 10:04 am

Cows, tech and turbines: A beginner's guide to why wind farms are where they are

Wind farms now generate 13 per cent of the country's power, but how do we know where to put them?

Source: Latest business news | 27 Oct 2020 | 9:27 am

ASX drops, Dow Jones falls 650 points on surging COVID-19 infections

Australian shares fall in early trade, after the Dow Jones suffered its worst day in seven weeks amid a record spike in COVID-19 cases.

Source: Latest business news | 27 Oct 2020 | 8:55 am

ATO's debt book grows to more than $53 billion

Tax commissioner Chris Jordan will front Senate Estimates on Tuesday morning with figures showing debt owed by Australians to the tax office has hit another record amidst the COVID-19 pandemic.

Source: Latest business news | 27 Oct 2020 | 7:55 am

Melbourne pubs, restaurants and retailers in 30-hour race to reopen

Peter Appleby's 125-year-old Melbourne pub has been around long enough to survive fires and floods, but he says its reopening after a seven-month COVID shutdown might just be its greatest achievement.

Source: Latest business news | 26 Oct 2020 | 8:26 pm

V/Line executive accused of receiving payments after $40m contracts awarded

V/Line's currently suspended CEO is questioned during an anti-corruption hearing investigating whether tendering processes between the regional rail operator and Transclean have been "corrupted or compromised".

Source: Latest business news | 26 Oct 2020 | 7:56 pm

Australia Post licensees offer to send PM $5 each to cover cost of Christine Holgate-approved luxury watches

Hundreds of Australia Post licensees rally behind CEO Christine Holgate, with one saying that thanks to her, "I don't wake up every morning worrying how I'm going to cover the costs of the business".

Source: Latest business news | 26 Oct 2020 | 7:34 pm

ASX falls as Coca-Cola Amatil receives $9.3b takeover bid

Australian shares finish trading lower, while Westpac announces a $1.2 billion hit to its cash earnings and Coca-Cola European Partners makes a $9.3b offer to buy a majority stake in Amatil.

Source: Latest business news | 26 Oct 2020 | 12:33 pm

Deputy chair of ASIC resigns following expenses scandal

The deputy chair of Australia's corporate watchdog ASIC has resigned following an investigation into his expenses.

Source: Latest business news | 26 Oct 2020 | 11:24 am

People power sees Tasmania top CommSec report again

Tasmania's economy continues to outperform the rest of the nation, but economists warn the island state isn't without challenges on the horizon — with a veteran economist questioning if it has "put more eggs than we should have in the tourism basket".

Source: Latest business news | 26 Oct 2020 | 10:10 am

Shut power off to save fire-prone communities, says energy economist

Powerlines have been linked to some of Victoria's most catastrophic bushfires, yet most of the work to make power infrastructure safe has not been done. Is it time for a rethink?

Source: Latest business news | 26 Oct 2020 | 10:08 am

Community opposes plan to build mine on flood plain and prime agricultural land

The central Queensland community of Baralaba supports mining, but most are against a proposed mine that will be built on a flood plain and prime land that was under water in the 2010–11 floods.

Source: Latest business news | 26 Oct 2020 | 9:24 am

After a year of gruelling schooling, Victoria's Year 12s face a final test

Every Year 12 student in Victoria has been affected by the pandemic in different ways — from the kids locked down in the public housing towers in the middle of the year, to those in the affluent suburbs of Melbourne's sand belt.

Source: Latest business news | 26 Oct 2020 | 8:26 am

Workers are needed for harvest, but how do you find a job and what's it like?

With jobs drying up in Australian cities frozen in the grip of lockdown, urban dwellers head to the country to fill the gap left by foreign workers during harvest time.

Source: Latest business news | 26 Oct 2020 | 8:19 am

When baby Mohammed died, his parents had no choice but to put him in the sea and watch him float away

Zeinab, her husband Nazir and their four children were hoping to start a new life when they boarded a boat from Lebanon to Cyprus. Instead, they got lost, ran out of fuel and lost their baby son as they drifted at sea.

Source: Latest business news | 26 Oct 2020 | 7:51 am

From a discarded bottle to asphalt: Recycling industry welcomes Budget boost but wants more to drive demand

Have you ever thought about what happens to a glass bottle you chuck in the recycling bin? It could end up in the road you drive on. The Government's hoping $250 million in Budget funding will boost the "circular economy" for Australia's waste.

Source: Latest business news | 26 Oct 2020 | 7:49 am









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