Finance News

Sober lifestyle grows in popularity, with more Australians giving up alcohol

More Australians are turning away from alcohol, and some who have ditched the drink say non-alcoholic beverages make it more socially acceptable to be sober.

JLS singer turned farmer JB Gill talks to ME AND MY MONEY

Gill, who is a Christian and presents the BBC's Songs Of Praise, told DONNA FERGUSON that if he were made Chancellor of the Exchequer, the first thing he would do is pray.

France suggests pause on US-EU trade standoff

Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others - sources

Exclusive: Trump admin slams China's Huawei, halting shipments from Intel, others - sources

Church of England to step up pressure on firms to improve diversity

The Church of England’s investment arm is to warn companies that they must do more to protect biodiversity and increase the ethnic diversity of their senior teams, or risk protest votes at upcoming shareholder meetings. The Church Commissioners, which manages the religious group’s £8.7bn fund, will start sending letters outlining their demands to some of the worst offending companies in the fund’s investment portfolio by mid-February. The team...

JEFF PRESTRIDGE: Chancellor MUST help entrepreneurs

For many small businesses, the situation is becoming dire. Hundreds of thousands of them - the heartbeat of our economy - are in danger of losing their livelihoods unless the Government steps in.

Less danger from JobKeeper end: Deloitte

Deloitte Access Economics believes the recovery in the jobs market so far makes it less dangerous for JobKeeper to end in March.

Further drop in unemployment rate expected

Economists expect monthly jobs figures will show the unemployment rate fell to 6.7 per cent in December as 50,000 people joined the workforce.

Bleak outlook for pay rises: Australians might have to wait five years for return to 2% wage growth

Australian workers could be waiting up to five years for wage growth to return to 2%, a respected economic forecaster has said. Deloitte Access Economics included the bleak outlook for pay rises in a new report that otherwise paints a bright picture for the Australian economy, assuming the country keeps Covid-19 case numbers low and vaccines come online from February. Labor said the report showed why the Morrison government “should not and...

Janet Yellen to say U.S. does not seek weaker dollar: WSJ

Janet Yellen to say U.S. does not seek weaker dollar: WSJ

Virgin Orbit rocket sends satellites into space for first time

Richard Branson's Virgin Orbit reached space on Sunday, eight months after the first demonstration flight of its air-launched rocket system failed, the company said.

Northern Territory national parks Litchfield and Nitmiluk to charge fees for tourists

The cash-strapped NT Government has confirmed park fees will be on the cards for interstate and international tourists, as one of its budget repair measures.

The number of properties for sale in Australia is beginning to dry up in every capital city but one, putting upward pressure on prices

Australian property listings have fallen dramatically in the new year, down 18% on the same time last year. Melbourne has proven the lone exception, with new listings surging 55% and total listings up 13%, versus a 17% average decline.

Income far higher than you'll get from the bank...dividend payouts

Searching for a decent income from your savings and investments has rarely been more challenging. It is more akin to summiting the ferocious K2 mountain than a spot of fell walking in the Lakes.

Box Office: Liam Neeson's 'The Marksman' Ends 'Wonder Woman 1984' Reign

Box Office: Liam Neeson's 'The Marksman' Ends 'Wonder Woman 1984' Reign

Dylan, Young, Fleetwood: Music publishing sector booming with high-profile sales

The pandemic has left the performance industry reeling but music publishing, a normally under-the-radar side of the business, is roaring thanks to a frenzy of high-profile music catalog sales. The royalty streams of songwriting copyright portfolios can prove lucrative for the long haul, and increasingly are enticing investors even as other industries tank under the pandemic's weight. In many cases, the transactions have come at staggering...

How much money was President Trump’s Twitter account worth?

‘Most advertisers won’t touch anything Trump related,' one analyst said.

The top five things this leading economist thinks will happen in 2021

Last year was a hell of a ride for, well, almost every industry. So what will 2021 bring? Here's how Australia's economy will play in 2021 according to one of our top economists.

GitHub apologizes for firing Jewish employee who warned of Nazis in U.S. Capitol: TechCrunch

GitHub apologizes for firing Jewish employee who warned of Nazis in U.S. Capitol: TechCrunch

COVID-19 has caused real financial pain. So why did consumer bankruptcies drop in 2020?

There was a 30% drop in all bankruptcies year over year.

Google disputes Texas' suit claiming unfair advertising sales practices

Google disputes Texas' suit claiming unfair advertising sales practices

UK watchdog may block Google's ad shake-up for years

The Competition and Markets Authority is weighing up proposals to put the update on ice over fears that it could crush advertising revenues at smaller rivals.

New push to cut light pollution and keep the skies dark in WA

Around the world, dark night skies filled with stars are increasingly being brightened by artificial light pollution. But now new housing developments could be forced to comply with a "dark sky" policy aimed at preserving the night sky for future generations.

NSW eyes lighter COVID restrictions

The state needs higher daily testing numbers before rules can be eased, premier Gladys Berejiklian warned, after the state again recorded zero new local cases.

Biden to sign Inauguration Day orders on pandemic, economy, other crises: aide

President-elect Joe Biden will sign executive orders on Inauguration Day next week to address the pandemic, the ailing US economy, climate change and racial injustice in America, a senior aide said Saturday. "All of these crises demand urgent action," his incoming chief of staff Ron Klain said in a memo to the new White House senior staff, adding that Biden will sign "roughly a dozen" orders after he is sworn in on Wednesday. "In his first ten...

Reynolds joins revamped Supercars outfit

Supercars star David Reynolds has joined revamped team Kelly Grove Racing for the 2021 championship after his exit from Erebus Motorsport.

Why we MUST keep teaching children about money

KickStart Money, formed by a consortium of savings and investment firms, funds free financial education to primary school children.

Deliveroo secures $180m in funding as it prepares for IPO

Deliveroo has secured another $180m (£132m) of funding from shareholders including Amazon, in a move that values the takeaway delivery company at more than $7bn as it gears up for a blockbuster stock exchange listing. Will Shu, Deliveroo’s founder and chief executive, said the London-based company would use the new cash from existing investors to improve the business for “consumers, riders and restaurants”, as he confirmed for the first time...

Canada's ambassador to U.S. shares most Biden priorities, worries about his 'buy America' policy

Canada's ambassador to U.S. shares most Biden priorities, worries about his 'buy America' policy

Is this the answer to pension freedom without the pain? TiM podcast

A solution to take the pain out of investing in retirement is being lined up. Will it work out? This, Santander 123 cuts and big ticket inflation on the podcast.

Build Up Tassie program offers disadvantaged teens apprenticeship skills and a future

Cianna Fitzpatrick dreamt of being a "lady tradie". Thanks to a program offering disadvantaged teens apprenticeship opportunities, she's making it work.

ASX ends little changed, slips for week

The ASX closed little changed despite an economic recovery plan in the US, while experts think December jobs figures will show Australia steadily recovering.

Fannie Mae, Freddie Mac can keep future earnings, per agreement between Treasury and regulators

‘Until the Enterprises can raise private capital, they are at risk of failing in the next housing crisis,’ Federal Housing Finance Agency Director Mark Calabria said, in announcing the agreement.

Duchess of Cornwall admits she's an 'entrenched technophobe'

Writing in The Times, the Duchess said emotional letters she received during lockdown compelled her to set up her online book club despite the 73-year-old royal admitting to being an 'entrenched technophobe'.

Financially fragile Americans during COVID-19 have difficulty answering these 15 money questions — can you?

A new survey asked who could cover unexpected expenses during the pandemic’s early days.

Next consortium in pole position to buy Philip Green's Topshop empire

A consortium that includes high street giant Next is thought to be in pole position to buy Sir Philip Green’s Topshop empire out of administration. Arcadia, which employed 13,000 people across 500 outlets at the time of last year’s collapse, is being auctioned, with Monday being the deadline for final bids. Next, which has partnered with the US hedge fund Davidson Kempner, is pitted against Authentic Brands, the US owner of the Barneys...

Tories' London mayoral candidate criticised for comments that 'attack working class families'

The Conservatives’ London mayoral candidate Shaun Bailey has been accused of an “attack on working class families”, after comments emerged in which he appeared to suggest that poor people cannot be trusted with money. Bailey is running against the Labour incumbent, Sadiq Khan, in May’s election, which was delayed for a year by the Covid pandemic. A YouGov poll in November suggested Khan has a 21-point lead over his rival. Bailey has already been...

Australia shares set to open lower as new COVID cluster emerges

Australia shares set to open lower as new COVID cluster emerges

These are the top 10 fastest growing job searches in Australia, according to Gumtree

Gumtree has revealed the top 10 fastest growing job search terms on its platform. Topping the list are searches for waitressing, hospitality and retail.

Super fast 5G in the US still a work in progress

Marketing pitches in the US are bullish on superfast 5G telecom networks, but they remain more of a promise than reality. - 'Not sexy enough' - AT&T has taken to calling its enhanced 4G network "5G E" in a widely criticized marketing strategy.

Relaxing China tariffs would help US economy, report says

Reducing tariffs on China by even a "moderate" amount would benefit the US economy, according to a study by a business council and an economics firm. The report released Thursday came as the United States awaits the inauguration of President-elect Joe Biden on Wednesday, who is expected to detail his trade policy the following day. Commercial ties between Washington and Beijing deteriorated under outgoing president Donald Trump, who launched a...

I married my husband 20 years ago. He has 4 kids and I have one. I paid for our home. How should we split it after we’re gone?

‘The majority of the purchase price was from my condo sale and my inheritance savings, but my husband did contribute several thousand dollars.’

No CCTV for Qld hotel cluster probe

Queensland police have found at least two quarantine hotels are lacking CCTV cameras as they investigate a coronavirus cluster centred on a Brisbane hotel.

Tasmania's 150yo Don River Railway plea for funding to survive

For more than 150 years, steam locomotives have travelled along the banks of the Don River in Tasmania, first transporting coal and eventually tourists — now, enthusiasts say without a major injection of funds, the "tourist icon" train line will cease operating.

Minister backs efforts of trade officials

Finance Minister Simon Birmingham has defended the efforts of trade officials helping Australian exporters affected by Chinese sanctions find new markets.

Trump brand tarnished after bruising presidency and Capitol attack

Donald Trump shot to prominence with a business empire that bears his name, but after four years of political tumult capped by his supporters' violent attack on the Capitol, the US president's brand stands tarnished, threatening his businesses, experts say. This is a person who's synonymous with a mob attacking the US Capitol," he said.

Fair Work is taking cafe chain 85 Degrees to court over a fake internship program which allegedly underpaid foreign workers

Cafe chain 85 Degrees is being taken to court by the Fair Work Commission after allegedly underpaying workers almost $430,000 over a 12-month period.

My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t?

‘I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working.’

Eurostar warns of 'risk to survival' without government help

Eurostar has said it is facing an existential threat, as business leaders pleaded with the government to step in and save the “vital link” with Europe.

More women becoming pilots but lack of seniority puts them at the back of the queue after coronavirus pandemic

More women are training to become pilots but those stood down during the coronavirus pandemic may be the last to get a call back when it is over.