News: Money

Qantas could be flying towards fleet renewal spending cliff, says S&P

Friday  08:51,   16 february 2018
Sydney Morning Herald

Qantas has put off buying new aircraft for too long and could be speeding towards a spending cliff as its fleet ages, according to S&P Global Ratings.The airline has run up record profits in the past two years after successfully pulling off[...]

Sydney's new GAYTMs have been unveiled

Friday  00:51,   16 february 2018
Business Insider Australia

The ANZ Bank unveiled its new GAYTMs today for the 2018 Sydney Gay and Lesbian Mardi Gras. The GAYTMs have been installed at ANZ’s Oxford Street, Pitt Street, Newtown and Bondi Beach branches. The decorated ATMs are elaborate works of art which[...]

Here's how Australian home prices have changed over the past decade

Thursday  19:31,   15 february 2018
Business Insider Australia

When it comes to Australian property price growth over the past decade, it's been a two horse race between Sydney and Melbourne. They've galloped away, leaving the smaller capitals in their wake. Nothing quite demonstrates that point better[...]

MIT has a new chip to make AI faster and more efficient on smartphones

Thursday  19:31,   15 february 2018
Engadget

These chips process data seven times faster using 95 percent less power than traditional means.Neural networks are made up of lots of basic, interconnected information processors that are interconnected. Typically, these networks learn how to[...]

Microsoft moves into Sydney Startup Hub and launches eighth location for its ScaleUp accelerator

Thursday  11:53,   15 february 2018
Smart Company

Technology giant Microsoft has announced it will be moving into the new Sydney Startup Hub and using it to establish the eighth location of its worldwide ScaleUp accelerator program. The Sydney Startup Hub, which co-working space Fishburners and a[...]

Microsoft moves into Sydney Startup Hub and launches eighth location for its ScaleUp accelerator

Thursday  11:53,   15 february 2018
Smart Company

Technology giant Microsoft has announced it will be moving into the new Sydney Startup Hub and using it to establish the eighth location of its worldwide ScaleUp accelerator program. The Sydney Startup Hub, which co-working space Fishburners and a[...]

First look at 'next generation' $50 note

Thursday  11:53,   15 february 2018
MSN

It will be released later this year.The new note, which will be released into circulation in October 2018, features portraits of Aboriginal writer and inventor David Unaipon and the first female member of Australian parliament Edith[...]

Jobs growth continues as female participation rate hits record high

Thursday  11:52,   15 february 2018
MSN

Booming employment conditions have continued into the new year with another 16,000 new jobs created in January. The jobs growth helped edge down the employment rate from 5.6 per cent at the end of 2017 to 5.5 per cent, on seasonally[...]

Comment: Private health insurance is a con job

Thursday  11:51,   15 february 2018
MSN

I've been writing about the high cost of private health insurance for as long as I've been an economic journalist. And the opposition leader of the day – Bill Shorten, as it happens – hasn't resisted the temptation to exploit people's[...]

Global markets move higher, shrugging off stronger-than-expected US inflation report

Thursday  11:51,   15 february 2018
MSN

Global markets moved higher overnight, shrugging off a stronger-than-expected inflation report out of the United States. European stocks initially dipped into negative territory on the news the US consumer price index rose by 0.5 per cent[...]

NSW recycling container deposit scheme 'costing consumers more', Opposition says

Thursday  11:50,   15 february 2018
ABC News

A lack of collection points for New South Wales' container deposit recycling scheme means consumers are $110 million worse off after just three months of the bottle and can buy-back, the State Opposition says.Many retailers around the state put[...]

Workers' compensation awarded for injury nine minutes before death

Thursday  11:48,   15 february 2018
Sydney Morning Herald

A court decision has allowed a widow to claim workers' compensation for the nine minutes of permanent injury her husband suffered before he died.After medical experts showed he did not die instantly and had survived at least nine minutes after[...]

Australia's Suncorp says half-year net profit falls as claim payouts jump

Thursday  11:48,   15 february 2018
Reuters

Australia's biggest general insurer Suncorp Group Ltd (SUN.AX) reported a 16 percent fall in half year net profit on Thursday, as it experienced a spike in claims following a hailstorm in Victoria in December and higher compliance costs. Net[...]

Telstra's profit is down 5% thanks to the disastrous tech investment now worth $0

Thursday  11:47,   15 february 2018
Business Insider Australia

Telstra posted a statutory profit of $1.7 billion for the six months to December, down 4.9%. Revenue was flat but the company added mobile[...]

CBA bans crypto buying on credit cards

Thursday  11:47,   15 february 2018
Business Insider Australia

The Commonwealth (CBA), Australia's largest retail bank, has announced that it will no longer allow customers to use its credit cards to buy virtual currencies such as Bitcoin. "Due to the unregulated and highly volatile nature of virtual[...]