The Murdochs and Packers have got their fingers in the taxpayer honeypot again, this time nabbing nearly $6 million from the Government without a tender for their website Mable. Michael West reports on the latest in corporate welfare.
Latest Markets Stories
The government has tossed $130 billion at business, the corporate largesse is dripping all over the big end of town. Even highly profitable $8 billion property developers such as Mirvac are rolling in the free money, yet when it comes to Virgin Australia they are being all punctilious about “letting the market sort it out”. Michael West reports on the future of Virgin.
An influential global wealth survey has highlighted the world’s greatest loser in economic outcomes this year — Australia. Alan Austin reports.
Babcock & Brown sank in a sea of debt during the Global Financial Crisis, its $70 billion of assets around the world were soon up for grabs. Its rail business in WA went to the then little known Canadian financier, Brookfield. And Brookfield has made a killing
Trump’s war on Huawei is to choke off the supply of semiconductors and technology to manufacture same to Huawei, thereby limiting China’s ability to compete with the US. Clinton Fernandes reports.
On one side of the courtroom is TPG, a consumer-oriented telco grown large on acquisitions and minimalist customer service, run by a reclusive billionaire. Next to them is Vodafone, a mobile carrier with a global brand
The attention being given to possible covert influence being exercised by China in Australia shouldn’t distract us from recognising that very overt foreign influence now occurs through investment. Clinton Fernandes reports.
Intellectual property rights are shaping up to be the key battleground as the trade war between the United States and China escalates. And Australia’s position favours the US, writes Clinton Fernandes, even though it is patently against Australia’s interests
A troubled Chinese conglomerate under pressure from Beijing and its invisible partner have teamed up with Virgin Australia to run a flight school in Barnaby Joyce’s electorate. Having exposed Virgin’s deceitful efforts to hide these parties, Anthony Klan goes door-knocking.
Qantas inked a freight deal with alleged associates of Chinese Triads in 2017. The airline clearly didn’t check the bona fides of its business partners, which they could have googled in one-minute flat. Michael Sainsbury and Michael West report on Reuben Milne, the man behind the deal.
Where does “the buck” stop? When it comes to corporations, the buck stops with the board. This is why directors are paid big bucks. They are ultimately responsible when allegations of corruption arise, as has been the case this week with dramatic revelations of Crown Resorts facilitating organised crime. Michael Sainsbury reports.
Have things finally turned for Treasurer Josh Frydenberg? Is the latest CPI a spike in a downtrend or first signs the Australian economy is bottoming?
Qantas has an unblemished record when it comes to safety. Unfortunately the same can’t be said when it comes to doing deals with international crime gangs. Michael Sainsbury reports.
Australia’s drift down the global league ladder continues, on a range of metrics. A sobering account of how Australia’s economy is faring versus those of its global peers by Alan Austin.
Hidden accounts, rapacious insolvency tactics, greedy bankers, weak government. The pillage of Arrium has been a travesty for shareholders and creditors and begs the question: should short-selling laws be upgraded to save vital industries from financial ruin?
Lawyers are fond of sending threat letters and demanding those who receive them keep it “Private and Confidential”. There is no basis in law for keeping unsolicited threats “Private and Confidential”.
The big economic indicators are all pointing south: GDP, interest rates, the currency, inflation. The ranking of women in cabinet has fallen. Franking credit pensions are down.
The Coalition’s botched NBN is not just a costly technological failure, but a policy debacle that has cost Australia’s taxpayers billions of dollars. Kim Wingerei reports.
Lendlease has had the same auditor since 1958. Back in the day when doctors and pregnant women were still advertising cigarettes
Insider trading, market manipulation, "pumping and dumping". It's a day in the life of the ASX writes investor Ben Pauley. Myriad complaints to the regulators however, backed up by evidence, have fallen on deaf ears. IT WAS September 2015 and Origin Energy...
Those great economic and jobs numbers Trump brags about turn out to be just run-of-the-mill. Carter, Reagan Bush I and II plus Clinton all beat Trump. David Cay Johnston, DCReport Editor-in-Chief reports. DONALD TRUMP keeps boasting about what...
Tony Abbott has come under pressure from Warringah independent, Zali Steggall, over the Government's decision to approve the sale of the new Northern Beaches Hospital, and 42 other Australian hospitals, to an obscure company in the Cayman Islands. Steggall, an Olympic...
Investors were furious to find their high-tech battery lab in Thailand was stocked, not with high-tech batteries, but with old ice cream machines. Surely the corporate regulators would fire up now at this, yet another deception
Julian Burnside has locked horns with Treasurer Josh Frydenberg over Liberal Party donations and the Treasurer approving the sale of 43 Australian hospitals, subsidised by taxpayers, to a company in the Cayman Islands tax haven.
John: So, where do franking credits come from?
Peter: The ATO, that’s where franking credits are born … think about franking credits like a gift voucher.
Chatting with ABC Melbourne’s Jon Faine on the Healthscope takeover and the impending transfer of 43 Australian hospitals to a Caribbean tax haven.