SYDNEY (Reuters) – Australian pension funds QSuper and Sunsuper said on Monday they would merge, forming the country’s largest single manager of retirement savings as regulatory pressure drives consolidation in the industry. The funds, which are both based in the
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Covid-19 coronavirus: Auckland into level-3 lockdown; NZ to alert level 2
VIRUS LATEST* Revealed: The 21 locations of interest visited by three new community cases*No need to rush: Aucklanders queue at supermarkets * ‘It’s a difficult situation’: Prada Cup racing postponed* Australia suspends quarantine-free travel bubble for Kiwis* The winning formula:
West Australia bushfire: 56 homes destroyed, residents told it’s too late to leave
A wildfire burning north-east of Perth on Australia’s west coast has destroyed 56 homes and is threatening more, with many locals across the region told it is too late to leave. The almost 17,000-acre blaze, which has a 60-kilometre perimeter,
Covid 19 coronavirus: Australia suspends travel bubble with NZ
Australia’s Health Minister Greg Hunt has announced Australia will suspend its one-way travel bubble with New Zealand for at least 72 hours out of an “abundance of caution”. The changes are coming into effect immediately. Any passengers from New Zealand
An Australia With No Google? The Bitter Fight Behind a Drastic Threat
The big tech platforms are facing a challenge unlike any other as Australia moves to make them pay for news. By Damien Cave SYDNEY, Australia — In a major escalation, Google threatened on Friday to make its search engine unavailable
Australia trial of Citi, others due in 2022, seven years after capital raising
Slideshow ( 3 images )SYDNEY (Reuters) – Citigroup Inc and other finance companies and executives will likely face trial in Australia in 2022, people familiar with the matter said on Tuesday, seven years after a share sale they are accused
Australia to overhaul bankruptcy laws to help firms over Covid-19
SYDNEY (REUTERS) – Australia on Thursday (Sept 24) unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing businesses to trade while insolvent and take more control over debt restructuring, in a bid to help firms through the
Australian unemployment unexpectedly drops as hiring surges
SYDNEY (BLOOMBERG) – Australian unemployment unexpectedly fell in August as government and central bank stimulus allowed the economy’s recovery to withstand Victoria’s renewed lockdown. The jobless rate dropped to 6.8 per cent from 7.5 per cent in July against economists’
Australia revokes visas of two Chinese scholars
SYDNEY (Reuters) – Australia has revoked the visas of two visiting Chinese academics in an apparent escalation of tension between the countries which has seen each accuse the other of inappropriate treatment of journalists. Chen Hong, a professor of Australian
Virgin Australia creditors approve airline's purchase by Bain Capital
SYDNEY (Reuters) – Virgin Australia Holdings Ltd’s (VAH.AX) creditors voted on Friday in favour of the purchase of Australia’s second-biggest airline by U.S. private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. The deal