business
Amazon sued over alleged button battery safety failure in kids backpacks
The consumer watchdog is suing Amazon alleging it sold children’s unicorn backpacks on its online marketplace that failed to comply with mandatory button battery safety warnings. Source link
Live: Auction clearance rates at 2022 housing downturn levels, ASX climbs
Auction clearance rates have fallen to levels not seen since the 2022 housing downturn. The ASX is up solidly as oil prices drop on hopes of a Middle East peace deal. Follow live. Source link
Controversial Sunshine Coast housing development gets federal approval
Up to 12,000 homes could be added to the fast-growing region after a major hurdle was cleared for the contentious Aura South development to proceed. Source link
This herb could halt a major NT gas project
The NT government is arguing its planned mega Middle Arm gas industry precinct will be needed to help shore up Australia’s future fuel and energy supplies — but it has just identified that a tiny endangered herb could be growing in the way. Source link
Major wine retailer puts vineyards up for sale amid industry-wide squeeze
Endeavour Group, which owns Dan Murphy’s and BWS, announces it will step away from some key vineyards and wineries in South Australia, Victoria and Tasmania, and close a major South Australian bottling plant. Source link
Officeworks to offshore hundreds of jobs in search for white-collar workers
The Australian office products retailer is planning to offshore hundreds of jobs to India and the Philippines, joining a growing trend of businesses hoping to find more highly skilled white-collar workers overseas. Source link
Need for mine's hybrid power plant 'embarrassing', outback MP says
An international energy company is building Australia’s largest off-grid renewable hybrid power facility, as a state politician criticises the need for it. Source link
Small business Yarn'n says Labor's capital gains tax plan 'handcuffs' ambition
Small business owners are urging Labor to rethink more than just the eligibility thresholds for capital gains tax concessions. Source link
ABC appoints Reuters exec Simon Robinson as news director
Senior Reuters executive Simon Robinson takes over from former director Justin Stevens who announced his resignation on Wednesday after four years in the job. Source link
ASX falls below 8,600 level while oil rebounds to $US96 a barrel — as it happened
The Australian share market traded lower while the federal government proposed tougher scam laws targeting tech giants. Source link