Business

Quad bike makers quit safety advisory panel

Updated May 07, 2018 14:46:40 Photo: Quad bike manufacturers disagree with researchers over the best way to improve quad bike safety. (ABC News: Col Hertzog ) Hopes of reaching a consensus on a new quad bike safety regime have been dashed following the resignation of the manufacturer’s representatives from a Federal Government advisory committee. “The deck was stacked, and not ...

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Vodafone to axe up to 100 Hobart jobs in 'terrible blow', Premier says

Updated May 07, 2018 15:01:22 Photo: Vodafone in Hobart has received both state and federal funding. (ABC news) Vodafone will axe up to 100 jobs at its Hobart call centre in a move the Tasmanian Premier has described as “devastating”. The telco is holding talks with workers and has said it expects the number of roles impacted to be less ...

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Roads-focused budget will do 'very little for Sydney'

Posted May 07, 2018 11:27:16 Photo: Tourists were avoiding Coffs Harbour due to heavy traffic but the budget allocates nearly $1 billion for a bypass. (ozroads.com.au) Sydney has been ripped off in tomorrow’s federal budget, with Victoria getting the lion’s share in federal funding, the state’s Opposition says. “People will be very disappointed … the most populous city in Australia, ...

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Sydney and Melbourne housing prices predicted to fall

Updated May 07, 2018 14:48:01 Photo: SQM has downgraded its forecast for Australian property prices. (ABC News: Grant Wignall) Related Story: Australian home prices post first annual fall since 2012: CoreLogic Related Story: Six experts give their take on where the Australian property market is heading in 2018 Housing prices in Sydney and Melbourne are tipped to fall by as ...

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Chinese police seize fake Penfolds, Swisse, Blackmores in counterfeiting crackdown

Posted May 07, 2018 12:49:04 Police in southern China have seized more than 30 million yuan ($6.3 million) worth of counterfeit products, including large hauls of popular Australian-branded wines, vitamins, foods, and cosmetics. Key points: China is the world leader in producing and exporting counterfeit goods, a report says Some counterfeits sell for 1,000 per cent profit China’s rising middle ...

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'Orwellian nonsense': China retaliates after US slams territory warning to international airlines

Posted May 07, 2018 15:05:03 China has struck back after the White House criticised its “Orwellian nonsense” for trying to police 36 international companies and change how they refer to Taiwan, Hong Kong and Macau as separate countries. Key points: The Chinese Civil Aviation Administration issued a warning to 36 foreign airlines Airlines have 30 days to change references to ...

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A huge interest rate hike has arrested a run on the Argentine peso

THE message to markets could not have been clearer. On the morning of May 4th, following a run on the peso, Argentina’s central bank raised interest rates by 6.75 percentage points, its third hike in a week. The interest rate now stands at 40%, up from 27.25% on April 27th. Across town Nicolás Dujovne, the treasury minister, told reporters that ...

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Telstra apologises to house fire victims whose triple-0 calls went unanswered

Updated May 06, 2018 18:43:45 A couple whose calls to triple-0 to report a fire were not answered during Friday’s national outage — prompting a mad dash to the nearest fire station — have received an apology from Telstra CEO Andy Penn. Mary Ann Gongon was forced to jump in her car and drive to the nearest fire station after ...

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UK-EU customs partnership 'still on table'

A new “customs partnership” with the EU – which is fiercely opposed by some Tory Brexiteers – is still on the table, the business secretary says. Greg Clark warned about the effect of border checks on manufacturing jobs, saying whatever replaces the customs union was of “huge importance”. He added whichever option was chosen would “take some time” to put ...

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Investing in Gold jewellery, Gold ETFs or Gold Bonds? Four Things You Must Know

Investors interested in gold are always on a lookout for best ways to maximise returns. While physical gold provides high liquidity, demat gold investment options such as gold ETFs (exchange-traded funds)and sovereign gold bonds (SGBs) provide price consistency, say financial planners. Those looking to purchase gold often wonder about the good time to buy the yellow metal as well as ...

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