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live:Nikkei hits record high 34 years after bubble popped, ASX flat amid profits for Qantas, Medibank and many more
Nearly three-and-a-half decades after a catastrophic crash wiped out the Japanese asset bubble, its stock market has finally hit a record high. But the ASX is not following, amid a raft of mixed profit results. Follow the latest updates in our live blog.
'The journey will take time': Qantas boss promises improved service as airfares, profits fall
Qantas has recorded a 13 per cent fall in its post-tax profit to $873 million in the six months to December 2023, largely driven by lower airfares as its capacity returns to normal after the COVID-19 pandemic.
Bonza claims title for worst on-time arrival results at four Australian airports in January
Australians are still suffering from budget airline Bonza's unreliability issues, one year after its launch.
Gas producers keeping about half as much as they should be for WA market, report finds
A report into WA's domestic gas reservation policy declares it is no longer fit for purpose, is unlikely to mitigate gas shortfalls and could threaten thousands of jobs.
Outgoing ATO boss 'really shocked' by scale of 'bizarre' TikTok GST fraud that cost billions
Outgoing ATO boss Chris Jordan said "Australians love their work-related expense deductions" and abolishing them in favour of lower personal income tax rates "would be a big step".
Woolworths boss's enormous maximum payout revealed
It's been one of those weeks for Woolworths boss Brad Banducci, kicking off with the airing of a trainwreck Four Corners interview on Australian supermarket competition. But it all promises to end well, at least for him.
Analysis by Angus Grigg
analysis:The question I asked before the Woolworths CEO walked out on our interview was hardly a zinger
Brad Banducci will be remembered for his TV interview walkout, but in his years in the top job he's delivered Woolworths bumper profits, writes Four Corners' Angus Grigg and Elise Potaka.
Real wages are growing for the first time in years, but business groups warn there's a 'risk' they'll get out of hand
Australian workers enjoyed an average base pay rise of 0.9 per cent in the December quarter, leading to an annual increase of 4.2 per cent over 2023, according to the Australian Bureau of Statistics.
Why food queues and desperation are growing in this booming regional city
Anglican parish operations manager Connie Fredericks says soup kitchen volunteers regularly talk to people about "what bridge they will sleep under tonight".
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Outback bushfire closes main freight link between WA and eastern states
Bushfires have closed the Eyre Highway for the second time this summer, with no confirmation of when the critical road route will reopen.
Large ship banned from Australia after sitting stranded in busy port for months during cyclone season
Bulk carrier KMAX Leader broke down in a Queensland port in October last year, prompting safety concerns as mechanical issues kept it there for months.
Regional road so 'atrocious' ambulance drivers will not take spinal patients on it, meeting hears
St John Ambulance volunteers tell a community meeting attended by Main Roads WA that the road between Mingenew and Morawa is so bad it is affecting their services, while locals air concerns about increasing truck traffic and the road's narrow width.
Almost 100 SA patients die waiting for delayed ambulances to arrive, since state election
Nearly 100 South Australian patients in need of emergency and urgent care have died while waiting for delayed ambulances to arrive since Labor took office with a promise to "fix the ramping crisis".
Tylah and Dylan 'got laughed out of the room' when they shared their budget to turn their cottage into a passive house
While many might've considered Tylah and Dylan's rundown 1950s cottage a knockdown rebuild, they had other plans. The couple wanted to keep the home's character while turning it into an energy-efficient home.
Business Analysis
Analysis by Ian Verrender
analysis:How a tax policy from a bygone era could result in the death of affordable housing
Our political leaders have shied away from confronting negative gearing, but encouraging ownership of multiple properties ensures house prices remain out of reach for the next generation, writes Ian Verrender.
Analysis by Adele Ferguson
analysis:General insurers use a variety of dirty tricks to knock back claims. A slew of harrowing stories show it's getting worse
The general insurance industry's delaying and denying of claims and low-balling of cash settlement offers in the aftermath of the 2022 floods weren't isolated — the tactics are rife across the sector, writes Adele Ferguson.
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A look back at the day's movement on the markets.
The Business
Stay up to date with the latest business, markets and economic news and insights as Australia and the world navigate turbulent financial times. Presented by Kirsten Aiken and Alicia Barry.
Close of Business
With a cost-of-living crisis, inflation and higher interest rates plus global economic headwinds, Rachel Pupazzoni looks at the week in business and finance.
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