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  • CBA boss says 'sorry' for alleged breaches

    6 October 2017 2:21 AM 168

    Commonwealth Bank boss Ian Narev has taken the blame for the lender's alleged breaches of anti-money laundering laws and apologised to retail shareholders. Mr Narev, who has announced he will step down following the allegations, said on Friday the bank was focused on "putting things right" after failing to meet the appropriate standards and letting down stakeholders

  • INFOGRAPHIC: Australia's dominance of the global iron ore market

    5 October 2017 11:44 PM 97

    If you were wondering why Australians go a little bonkers over iron ore, this infographic from the latest Resources and Energy Quarterly Report from Australia’s Department of Industry, Innovation and Science goes someway to explaining why. Australia has 28% of the world’s total iron ore reserves, it’s Australia’s largest goods export by dollar value

  • AGL gas 'lands on export market'

    5 October 2017 6:41 PM 89

    Energy company AGL, which is not a gas exporter, has reportedly been selling a large amount of gas that has been making its way onto the LNG export market. The company has an agreement to supply Queensland's Gladstone Liquefied Natural Gas with 254 petajoules of gas over a period of 11 years, the Daily Telegraph reports. Gladstone sells the gas offshore

  • Toyota workers out of jobs as car manufacturer closes Altona plant

    2 October 2017 11:22 PM 170

    Thousands of Toyota workers are facing the reality of unemployment as the company's Melbourne factory winds down today — but it's not all doom and gloom at the Altona site. Matthew Kinson, who has been with the company for 19 years, is among long-serving workers who now face a job market that has dramatically changed since they joined Toyota. "A lot of us haven't

  • State of NSW beaches: Rose Bay, Terrigal, Avoca declared to be in poor health

    2 October 2017 4:11 AM 91

    New South Wales' beaches have received their annual report cards and while grades are mostly strong — with 84 per cent of beaches monitored rated good or very good — three popular beaches have been downgraded. The latest State of the Beaches report looked at 250 beaches, estuarine sites, lakes/lagoons and ocean baths across the state. The results are a slight

  • Melbourne units rival houses for value growth

    2 October 2017 12:44 AM 135

    MELBOURNE home values rose the second fastest of the capital cities in the September quarter, remaining “relatively resilient” amid “slower growth conditions.” The value of homes in the Victorian capital rose 2 per cent in the three months to September 30, including a 0.9 per cent boost last month, according to the latest CoreLogic Home Value Index

  • Former Indian minister appalled by Adani

    1 October 2017 9:53 PM 119

    India's former environment minister says he's appalled by Australia's decision to approve Adani's massive new coal mine in Queensland, and has questioned the Indian miner's environmental track record. Jairam Ramesh has told the ABC the mine will threaten the survival of the Great Barrier Reef, and Adani's record in environmental management in India "leaves

  • Bad news if you’re caught short at the pub: ATM fees are going up

    1 October 2017 12:53 AM 103

    THE banks might have dumped those much-maligned ATM fees, but the owners of ATMs in pubs and convenience stores will keep cashing in. Because they can. As Australians welcome news of the big four banks dumping those hated $2 ATM fee for non-customers, the American owners of our country’s biggest ATM network is tipped to raise its fees. Industry insiders

  • Air France A380 makes emergency landing with damaged engine

    30 September 2017 10:24 PM 124

    Paris (AFP) - An Air France A380 superjumbo carrying more than 500 people made an emergency landing in Canada on Saturday after suffering "serious damage" to one of its engines, with passengers recounting hearing a loud bang followed by violent shaking. Video and photos posted on social media showed extensive damage to the outer starboard engine, with part of its external

  • Big delays at worldwide airports as check-in system crashes

    30 September 2017 5:47 AM 103

    Passengers at a number of international airports, including Melbourne, are facing big delays after a computer check-in systems crash. Qantas and Qatar Airways passengers are affected in Australia, along with those on British Airways, Air France, KLM, Lufthansa and Southwest airlines. There are major disruptions at airports including London’s Gatwick