EconomyLoop
where regional business news becomes global to everyone

Airbnb not significantly hurting rental affordability in Sydney and Melbourne: report

Airbnb isn't making rental affordability "significantly" worse, but it is reducing the number of properties that are available for long-term renters in Sydney's and Melbourne's inner-city and beachside suburbs, a new report shows.... read more

 ABC9 days ago

     
Tech billionaire wants Australia to reinstate carbon price

Atlassian co-founder Mike Cannon-Brookes says "Australia could be a renewable energy super power" as he pushes to influence government policy with his new green energy campaign.... read more

 ABC9 days ago
Sale of gas assets to China not in national interest, Treasurer says

A multi-billion-dollar Chinese-backed takeover of more than half of Australia's gas pipeline network looks likely to be blocked by the Morrison Government.... read more

 ABC9 days ago
WA egg farmers face the brink due to imports by supermarkets

As the industry struggles to make ends meet, WA egg farmers say its major supermarkets have switched to selling eggs from the eastern states.... read more

 ABC9 days ago
Clean-up of mangled runaway train leaves BHP flagging iron ore shortfall

BHP says it does not believe it has enough iron ore stockpiled at Port Hedland in WA to meet its contracts with customers after the deliberate derailment of an out-of-control train disrupted its rail operations.... read more

 ABC9 days ago
Australian non-profits at risk of terrorist infiltration, AUSTRAC warns

The financial intelligence agency warns charitable groups are being targeted by by terrorists to fund their activities in Australia and South East Asia.... read more

 ABC9 days ago
'Rare individual': Shark victim Daniel Christidis fondly remembered by colleagues

Melbourne doctor Daniel Christidis is hailed as a "fantastic doctor" and an "exceptional character" by colleagues grieving his death from a shark attack in north Queensland this week.... read more

 ABC9 days ago
Search for 'suitably qualified' staff blamed for delay to ACT construction industry overhaul

Four months after a self-imposed deadline to overhaul Canberra's construction industry, the ACT Government admits just 28 proposed changes are on track to be completed by July next year.... read more

 ABC9 days ago
Westpac executives take pay cut after bonuses slashed

Westpac's top brass joins the queue of big-bank executives lining up for very expensive haircuts on their pay following revelations of years of misconduct uncovered at the banking royal commission.... read more

 ABC9 days ago
Nyrstar tipped to cut 12 workers from Hobart smelter

Twelve jobs are expected to go from Nyrstar's Hobart smelter, the union representing workers says, after the news 100 jobs will be slashed from the company's South Australian plant.... read more

 ABC9 days ago
10k customers write to CBA boss

COMMBANK’S boss says customers should reserve their abuse for him, not staff, as he revealed 10,000 people responded to his request for feedback.... read more

 News9 days ago
Delivery driver’s ‘disgusting’ act

AN AMAZON delivery worker was caught on camera doing something truly filthy. And now, his actions have cost him his job.... read more

 News9 days ago
Farmers and environmentalists divided over Bylong Valley coal mine

Hundreds of people, including dozens of protestors, turn out to a meeting in Mudgee to have their say on the Kepco mine, which is expected to generate more than 6.5 million tonnes of coal per year.... read more

 ABC9 days ago
You have more money than you think

MANY Australians fear they won’t have enough money to retire on, but a new study says that is not the case.... read more

 News9 days ago
Asia stocks flat as investors eye US polls

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 News9 days ago
Bega Cheese plans to sell Capilano stake

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 News9 days ago
Massive $60m Powerball up for grabs

THE most drawn numbers of the past 25 draws have been revealed ahead of tomorrow’s $60m Powerball prize.... read more

 News9 days ago
Journalist fired after voicemail calamity

A REPORTER left a voice message seeking an interview with a Senate candidate. The next day the audio went viral — and she was fired immediately.... read more

 News9 days ago
'He should be upfront': PM says Victorian Premier should release China deal

Prime Minister Scott Morrison attacks Premier Daniel Andrews for signing a deal with China over its controversial global infrastructure initiative, saying the Premier should have discussed the deal with him first.... read more

 ABC9 days ago
Why this room is dying out

FOR decades, this room has been at the heart of just about every Aussie home. But according to one expert, those days are long gone.... read more

 News9 days ago
Are social media defamation cases worth the time and effort?

Australia's defamation laws weren't written with social media in mind, but Australians are nevertheless turning to the courts to protest comments made about them online — something which legal experts say leads to arduous and costly legal battles.... read more

 ABC9 days ago
Negative gearing ‘scare campaign’

NEW analysis has revealed where the 1.3 million Australians use the tax break live — but it’s been dismissed as a “scare campaign”.... read more

 News10 days ago
Commonwealth Bank's profits slide on rising costs and bad debts

Having endured a tough 2018, CBA's 2019 starts off on a sour note with a weak first quarter trading update.... read more

 ABC10 days ago
Wall St trades cautiously ahead of US midterm results

US markets are trading slightly higher, as investors await the results of the US midterm elections. Australian shares are expected to dip at the open.... read more

 ABC10 days ago
Anti-protest law delay due to there being no way around High Court: Bob Brown

Anti-protest laws promised by the Tasmanian Liberals are overdue because "lawyers are scratching their heads" and unable to find a way around a High Court ruling that saw them thrown out the first time, activist Bob Brown says.... read more

 ABC10 days ago
Why Australia’s an economic wonder

One of the world’s most respected magazines has singled out Australia as a great global example of financial and economic success. Here’s why we should listen.... read more

 News10 days ago
Trams, trains but not automobiles drive Gold Coast's transport future

Trams and trains drive the shift to public transport on the Gold Coast and the push might take off in other fast-growing regional cities.... read more

 ABC10 days ago
Queensland tourism in uncharted waters over Cid Harbour shark attacks

North Queensland tourism operators say there are no obvious signs of a fall in visitors to the region in response to a spate of shark attacks, but behind the scenes many people are worried.... read more

 ABC10 days ago
Government departments at odds over Adani water project

When the Federal Environment Department approved an Adani water project, it ignored the advice of the Government's own water experts, FOI documents show.... read more

 ABC10 days ago
Labor wants to name and shame dodgy phoenix directors

A federal Labor government would grant the Tax Commissioner the powers to name and shame individuals and entities as a penalty for the most serious tax offences.... read more

 ABC10 days ago
Stinky fruit grounds Indonesia passenger jet

There has been another incident involving an Indonesian passenger plane — this time after complaints about a two-tonne load of the pungent-smelling durian fruit.... read more

 ABC10 days ago
Most Australians will retire with enough savings except older women renting, says Grattan Institute

If you are a woman in retirement who is renting in Sydney or Melbourne you likely won't have enough savings to live comfortably, according to a new report by the Grattan Institute, but everyone else will do just fine.... read more

 ABC10 days ago
Mum ‘loses’ $477m lotto ticket

LERYNNE West knew someone in her state had won a huge jackpot. But when she looked for her ticket, it was nowhere to be found.... read more

 News10 days ago
Backpacker visa extension may make Pacific workers worse off

There are fears the Federal Government's plan to increase the number of backpackers working on Australian farms will reduce demand for workers from the Pacific.... read more

 ABC10 days ago
Allegations of live export trade cover-up to be investigated

The former head of the Australian Crime Commission will investigate allegations that staff in the federal Department of Agriculture were told to keep quiet over their concerns about the live animal export trade.... read more

 ABC10 days ago
Job cuts at Port Pirie smelter despite government-aided redevelopment

The Australian Workers' Union says the operator of the Port Pirie lead and zinc smelter is set to cut 100 jobs at the site, which recently benefited from loans underwritten by the South Australian Government.... read more

 ABC10 days ago
Lachlan Murdoch already 'running the show' in Australia, News Corp insider says

What will News Corp look like when Rupert Murdoch is no longer at the helm? Insiders say son Lachlan is already calling the shots in Australia.... read more

 ABC10 days ago
Toyota quarterly profit rises 28 per cent

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 News10 days ago
BHP reveals ore train derailment damaged 1.5km of track as investigators search for clues

Two officers from the National Rail Safety Regulator arrive in WA's Pilbara region, a day after BHP was forced to derail a fully laden runaway iron ore train south of Port Hedland and suspend its rail operations.... read more

 ABC10 days ago
Ad the US media refused to air

AMERICAN media outlets have pulled a major Trump campaign ad ahead of the midterm elections, saying it seriously crossed the line.... read more

 News10 days ago
Year 2 student wins battle to get girls on Nutri-Grain cereal boxes

A few months ago eight-year-old Daliah Lee made a discovery she did not like at all — something was missing from the back of her Nutri-Grain cereal box: girls. Now, she's managed to extract a promise to change from Kellogg's.... read more

 ABC10 days ago
Political uncertainty 'weakens confidence'

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 News10 days ago
RBA shrugs off falling house prices, weak inflation to keep rates on hold at 1.5pc

The RBA has not changed interest rates for 24 months, and the way things are going, it is a trend that is likely to continue well into 2020.... read more

 ABC10 days ago
'Big four' bank profits drop 6pc since royal commission: Deloitte and PwC

The royal commission and slowing property market have had a significant impact on "big four" bank profits, according to reports from Deloitte and PwC.... read more

 ABC10 days ago
Parents forced to do ‘story time’ or lose welfare

THEY’RE already feeling the pinch but now parents have to participate in activities to get their Centrelink benefits.... read more

 News10 days ago
How ‘innocent’ couple lost $2.4m

GANESH Kalimuthu and his wife Macquelene haven’t committed a single crime. But they’ve still had a staggering amount of money seized.... read more

 News10 days ago
Property boom far from over, say investors

Headlines are dominated by steep falls in property prices along the east coast, but the property boom is alive and well in a number of cities around the country, as is optimism about strong price rises well into the future.... read more

 ABC10 days ago
‘F**k the Cup’ event backlash

SOME say the Newtown Hotel’s race boycott is “anti-Australian”. But others claim the “disgusting” Melbourne Cup should be canned.... read more

 News10 days ago
Iranians, stung by rising prices, fear more pain as US sanctions kick

Iranians are already struggling to afford food and medications as the national currency plummets against the American dollar, and Washington hopes further hardship will force the Iranian government to halt military research and withdraw from Syria.... read more

 ABC10 days ago
24-hour shopping for Sydney CBD proposed in city planning review

A proposal designed to encourage a more diverse range of people at night would see opening hours for unlicensed venues extend to well after dark, and would allow some licensed establishments to potentially serve alcohol 24/7.... read more

 ABC10 days ago