Australia restricts live sheep exports after shocking treatment
Horrific footage of dead and dying sheep on ships bound for the Middle East has prompted sweeping reforms to Australia’s live export trade, but Canberra stopped short of an outright ban Thursday.Video images taken last year showed heat-stricken sheep crammed together in small, stifling pens and covered in excrement, shocking the Australian public when it…
More pokies allegations aimed at Crown
Victoria’s gambling regulator and police are investigating additional allegations of poker machine tampering at Melbourne’s Crown Casino. It comes after independent MP Andrew Wilkie showed journalists “picks” he said were given to a former high-roller at the casino, allegedly used to let the woman play multiple machines at the same time. The former gambling addict,…
Caltex to end franchises in huge overhaul
Caltex Australia says its decision to buy out franchisees and have only company-owned stores has nothing to do with staff underpayment issues uncovered at a number of franchise outlets. The major overhaul of its business model comes after a two-year review sparked by media reports in 2016 that uncovered cases of staff underpayment and triggered…
Coles in grocery world-first with eBay
Coles has become the first supermarket anywhere to sell directly on eBay. The Australian supermarket giant’s shopfront with the e-commerce behometh launched on Wednesday with a range of more than 4,000 products across categories including fresh food, personal care and household goods. While Coles already offers online shopping through its own website, it hopes to…
NAB sidelines Ken Henry in CEO search
NAB has removed Ken Henry from the decision-making process in the search for a new chief executive. The bank said on Wednesday that Dr Henry, who quit with CEO Andrew Thorburn after both were named and shamed in Kenneth Hayne’s final royal commission report, would play no role in the search. The bank has formed…
Australian shares tipped to start higher
The Australian share market is expected to tick higher on Tuesday but any gains could be short-lived ahead of the expected release of the final recommendations of the banking royal commission. The commission’s report is due to be handed to the federal government on Friday and publicly released soon after, although the exact timing is…
CommSec Daily Report Thursday
Latest NewsIn an uneventful start to the session, local shares have been treading water in the early part of trade on Thursday. The ASX 200 index traded in a tight range in the morning but is trading at its best levels approaching lunch, up 10 points or 0.2% higher to 5854.Improvements have been led by…
Labor looking at electoral funding reform
Labor leader Bill Shorten has repeated calls for a lower threshold on disclosing political donations amid reports his party is considering making sweeping changes to the system if it wins government. Under current arrangements, donors giving $13,000 and above must be identified but Labor wants the threshold dropped to $1000 which would match party rules….
Ghosn appeals against Japan bail rejection
Lawyers for former Nissan boss Carlos Ghosn on Thursday appealed against a decision by a Tokyo court to refuse him bail, as he faces charges on three counts of financial misconduct.Since his stunning arrest on November 19 the auto tycoon has languished in a Tokyo detention centre, facing questioning over allegations he under-reported his salary…
CommSec Daily Report Friday
Latest News Local shares are edging higher for a fifth straight day but the gains appear to be running out of steam to close out the week. The ASX 200 is lifting by 7 points or 0.1% to 5802 towards lunch and is looking to close around 3.2% higher for the past five sessions. This follows Wall…
