business
KPMG the latest example of accountants being unaccountable
Bean counters have historically been viewed as dull, dull, dull. But since the turn of the century, accounting scandals have come thick and fast in Australia. Source link
HSBC agrees to pay $35 million penalty after widespread scam failures
HSBC has admitted to failing to protect customers from scams and agreed to a $35 million penalty in the Federal Court. Source link
Sydney-to-London unveiled as first route for Qantas's Project Sunrise
The flights, set to begin take off from next year, will mark the first time flights from the east coast will complete the Kangaroo Route without a stop over. Source link
'Cut the complexity': Watchdog moves to dramatically simplify power bills
Millions of Australians have been often unwittingly moved to complex and variable power tariffs. An energy watchdog says bills must be simplified. Source link
NT's new climate resilience plan lists gas project as top priority
The Northern Territory government’s newly released climate resilience plan has listed the acceleration of gas extraction at the Beetaloo Basin as a top priority. Environment groups have fiercely criticised the plan, saying it will “make climate change worse”. Source link
RBA warns financial industry to prepare for 'more shock-prone future'
A new era of strategic uncertainty has serious implications for Australia’s financial industry, the Reserve Bank warns. Source link
Glue Store closes after posting $8.4m loss as economic pain hits retailers
Glue Store announces its permanent closure, becoming the latest Australian retailer to fail this year. Source link
Gina Rinehart's iron ore company flags job losses, reportedly in the hundreds
Gina Rinehart’s Hancock Iron Ore has cut jobs a year after merging its two iron ore businesses into a single entity, but won’t say how many. Source link
Unions and Inpex reach deal after weeks of strikes and negotiation
Workers at the Northern Territory’s Inpex Ichthys facility have restarted regular duties after unions and the Japanese-owned company struck a deal to end a dispute that threatened to disrupt LNG exports. Source link
Unions and Inpex reach deal after weeks of strikes and negotiation
Workers at the Northern Territory’s Inpex Ichthys facility have restarted regular duties after unions and the Japanese-owned company struck a deal to end a dispute that threatened to disrupt LNG exports. Source link