Category Archives: Business

Questions raised about whether GPs will be ready for influx of people seeking vaping prescriptions

Posted on by

Doctors admit helping patients quit vaping is a ‘new experience’ ahead of a near-total ban coming into force on 1 July

GPs are preparing for a rush of patients seeking prescriptions for vapes or help to give up smoking, with a peak doctor’s lobby admitting it is a “new experience” for some medical experts ahead of new government vaping crackdowns and a near-total ban on electronic cigarettes from July.

The health minister, Mark Butler, says there is a need to “upskill” some GPs to help Australians off vapes. The Royal Australian College of General Practitioners (RACGP) says doctors are well-equipped to handle the looming changes, which will outlaw vapes without a prescription, but the head of the Australian Medical Association says it may be a difficult task.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

Australian workers’ productivity drops 3.7% as employment surges and investment slows

Posted on by

Wage growth from higher employment and hours worked without output gains could fan inflation, Productivity Commission warns

A surge in employment combined with scant investment by firms to improve output triggered a sharp drop in worker productivity, limiting prospects for income growth without fanning inflation, the Productivity Commission said in its annual report.

Across the economy, productivity fell 3.7% in 2022-23, as output growth failed to keep pace with a record 6.9% increase in hours worked, the commission said. A rush by employers to hire new staff was much higher than in previous bursts – the nearest comparison was the 4.3% rise in hours worked in 1988-89.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

Australia politics live: Victorian premier cancels iftar dinner after Muslim peak bodies boycott; jump in renewable energy investment

Posted on by

Jacinta Allan confirms dinner, which has been held since 2015, will not go ahead. Follow the day’s news live

Hockey says Asio boss should name accused politician in interests of transparency

Joe Hockey said it was “not standard practice”, as Hockey is now apparently an expert in how Asio and like-minded security agencies operate.

You know, they’ve launched investigations over here. I mean, you know, you had you had the Mueller inquiry into President Trump. You had an FBI inquiry into Hillary Clinton. You don’t just make this allegations, leave them unnamed and say, ‘Oh, yeah. They’re back in the community. They’re fine’, that just does not happen.

I mean, allegations have been made against Senator Menendez here as a sitting senator. They named the sitting senator.

Talking about a traitor amongst the ranks. He shouldn’t do that. If he’s not going to name that person. It’s absurd. It’s absolutely absurd.

It’s inconceivable here in the United States or the United Kingdom, or most other countries, that the head of the intelligence agency would go out and make that statement without telling everyone who it was.

Continue reading...

Boeing: DoJ begins investigation as FAA gives 90-day deadline for safety plan

Posted on by

US justice department scrutinizing whether door blowout violated 2021 agreement with Boeing after two fatal plane crashes

The Federal Aviation Administration (FAA) is giving Boeing 90 days to come up with a plan to fix quality problems and meet safety standards for building new planes, as the justice department reportedly reviews whether a mid-flight plane door panel blowout in January violated a previous settlement agreement between the company and the US government.

The FAA said on Wednesday that the directive follows meetings with top Boeing officials, including the company’s chief executive at FAA headquarters in Washington.

Continue reading...

Tata confirms Somerset will be home to £4bn battery factory

Posted on by

Indian conglomerate says gigafactory in Bridgwater will bring about 4,000 jobs to region

The Indian conglomerate Tata has confirmed Bridgwater in Somerset as the site of its new £4bn battery factory, which will bring about 4,000 jobs to the region.

Tata’s battery business, Agratas, said it had bought land at the Gravity Smart campus off the M5, just outside the town.

Continue reading...

Deal allows police to march in parade – as it happened

Posted on by

This blog is now closed.

On the “broken promise” of changing the stage-three tax cuts (the latest Guardian Essential poll had Albanese falling in the trust stakes) the prime minister said:

We made not an easy decision. We made the right decision for all the right reasons. We know that families are under cost of living pressure.

The idea that we could sit back and ignore the clear recommendations that this was the best way that we could have an impact on providing that assistance to middle Australia without putting upward pressure on inflation – we couldn’t ignore that.

This is just a terrible incident that’s occurred here. The loss of the two young men and I feel for the grieving of the family, the friends. They obviously were full of life, because so many people interacted with them. It’s a really tough day for, as well, the queer community, and it’s been a very difficult time.

Continue reading...

Shell must clean up pollution before it leaves Niger delta, report says

Posted on by

Firm told it must take responsibility for toxic legacy of pollution and safe decommissioning of abandoned oil infrastructure

The oil firm Shell cannot be allowed to withdraw from the Niger delta before it takes responsibility for its toxic legacy of pollution and the safe decommissioning of abandoned oil infrastructure, a report says.

Shell plc is preparing to divest from the delta but a report warns that it must remain until it has cleaned up its legacy of pollution.

Continue reading...

Shein ‘considering London rather than New York IPO amid US scrutiny’

Posted on by

Fast-fashion company believes it unlikely that SEC will approve US flotation, according to report

The fast-fashion company Shein is reportedly considering a stock market flotation in London rather than New York because of potential problems with a listing in the US, its preferred location.

Shein, which was founded in China but is now based in Singapore, is in the early stages of exploring an initial public offering in London because it believes it is unlikely that the US Securities and Exchange Commission would approve its initial public offering (IPO), Bloomberg reported.

Continue reading...

UK grocery price inflation falls to two-year low amid supermarket price war

Posted on by

Competition helped offset impact of Red Sea shipping crisis in February, says analyst Kantar

Grocery price inflation in the UK has slowed to a two-year low as fierce competition among supermarkets offset the impact of the Red Sea shipping crisis on goods prices.

In a boost to households, supermarket prices were 5.3% higher than a year earlier in February, the lowest rate since March 2022 and down from January’s 6.8%, according to the analyst Kantar. Grocery sales grew by 5.1% in the four weeks to 18 February.

Continue reading...

Women hold 42% of board seats at big UK firms, but just 10 are FTSE 100 bosses

Posted on by

Burberry, M&S and Next fare best for female representation but too few women are in top roles, report says

Women occupy more than two in five seats on the boards of the UK’s biggest listed companies but there are still “too few” in top positions with just 10 female FTSE 100 chief executives, according to a report.

The proportion of board positions held by women in the FTSE 350 rose to a record high of 42% this year, according to the government-backed annual FTSE Women Leaders Review. This is up from 24.5% in 2017 when the report was launched.

Continue reading...

Labour would lift block on onshore windfarms, says Ed Miliband

Posted on by

Tory government has ‘ducked’ difficult decisions, leading to higher bills, says shadow energy secretary

Labour has claimed a “culture of inertia and stasis” has blocked renewable energy projects under the Conservatives and says the party will overturn a de facto onshore wind ban “at the stroke of a pen” if it wins the general election.

The shadow energy secretary, Ed Miliband, told energy industry executives at a conference in London on Tuesday that Labour would immediately rip up a decade-long effective block on large onshore wind developments in England if elected.

Continue reading...

‘Toxic culture of disbelief’ persists at top of Post Office, MPs told

Posted on by

Committee releases minutes of board meeting before appearance by former Post Office chair Henry Staunton

Newly published documents show that a “toxic culture of disbelief” persists at the top of the Post Office when it comes to wronged post office operators, MPs have been told.

Post Office board members complained of being “tired and constantly distracted by historical issues, short-term crisis management and funding issues”, minutes of one of their meetings last year show.

Continue reading...

Government urged not to resurrect fees for UK employment tribunals

Posted on by

Unions and workers’ groups say return of fees, scrapped in 2017, will send wrong message to employers

Unions and workers’ rights groups are urging the government to reconsider plans to reintroduce fees for employment tribunals amid fears it will encourage exploitation.

A coalition of 48 organisations, including the TUC, Citizens Advice, Joseph Rowntree Foundation, the Fawcett Society and Maternity Action, said bringing back fees, which were ditched in 2017, meant “bad employers are being given the go-ahead to undercut good ones”.

Continue reading...

Put aside differences to focus on growth across UK, Ed Balls tells politicians

Posted on by

Former shadow chancellor is one of the authors of a new academic paper on how to bridge the regional divide

Britain needs a 20-year cross-party consensus to level up the economy and unleash the untapped potential of regions outside London and the south-east, the former Labour shadow chancellor Ed Balls has said.

Balls, one of five co-authors of an academic paper on bridging the UK’s regional divide, said it was vital that Labour and Conservative politicians put aside their differences in order to embed necessary funding and governance reforms.

Continue reading...

More than half of UK retailers affected by Houthi disruption, survey shows

Posted on by

Costs are escalating amid delays, according to British Chambers of Commerce research that shows UK exporters have also been hit

More than half of UK retailers and exporters have been affected by the disruption to Red Sea trade from Houthi rebel attacks on cargo ships, research by a leading business lobby group suggests.

The price of shipping a container from Asia to Europe has gone up by as much as 300% for some businesses, while logistical delays have added up to three to four weeks to delivery times, according to the survey by the British Chambers of Commerce (BCC).

Continue reading...

Greens-Coalition alliance may force Chalmers to keep power to overrule RBA on rates

Posted on by

Chalmers had announced plans to scrap the veto power but former treasurers and RBA governors say it is a vital ‘safety valve’

An alliance between the Greens and Liberal parties in the Senate could force Jim Chalmers to keep a government power that allows treasurers to overrule Reserve Bank decisions on interest rates.

Chalmers announced plans to scrap the veto power in the government response to recommendations from a panel which reviewed the Reserve Bank operations and made suggestions for improvement.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

Posted on by

Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

• Get our morning and afternoon news emails, free app or daily news podcast

Consultancy firm KPMG Australia has rejected claims it conducted due diligence on “the wrong company” before the federal government gave nearly half a billion dollars to a controversial company with no track record.

The firm’s objection to comments by a member of a Senate inquiry examining its conduct come after weeks of intense criticism and accusations it repeatedly misled parliament over its use of so-called power maps, which identify influential decision makers within departments.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

Australia news live: NSW police officer charged with murder after disappearance of Jesse Baird and Luke Davies

Posted on by

Former celebrity blogger expected to face court. Follow updates live

What will happen if there’s a storm during today’s Taylor Swift concert?

With a thunderstorm forecast at Sydney Olympic Park this evening, many are asking what this means for the Eras tour?

The show will play, rain or shine. The only exception would be severe weather, which could impact the safety of artists and patrons. Such a decision would be made by NSW Police, the event promoters and Venues NSW staff.

Please follow venue screens and staff instructions in these circumstances.

Continue reading...

Online slot machine stakes to be capped at £5 in Great Britain

Posted on by

Maximum will be £2 for younger adults but campaigners say government has not gone far enough

The amount that can be staked on the spin of an online slot machine will be capped at £5, or £2 for younger customers, as part of government plans to tighten regulation of the £11bn-a-year gambling industry in Great Britain.

Online slots are currently exempt from limits on how much punters can wager.

In the UK and Ireland, Samaritans can be contacted on freephone 116 123, or email jo@samaritans.org or jo@samaritans.ie. In the US, you can call or text the National Suicide Prevention Lifeline on 988, chat on 988lifeline.org, or text HOME to 741741 to connect with a crisis counselor. In Australia, the crisis support service Lifeline is 13 11 14. Other international helplines can be found at befrienders.org

Continue reading...

Rolls-Royce swings to £1.6bn profit with cost cuts ‘well under way’

Posted on by

Engine-maker says it has made £150m of its £400m to £500m savings target, with up to 2,500 jobs to go

The British engine-maker Rolls-Royce has said cost-cutting plans that will result in it axing up to 2,500 jobs by the end of next year are “well under way”, as it swung to a £1.6bn underlying operating profit for 2023.

The aerospace engineering specialist reported the statutory pre-tax profits for 2023 against losses of £1.5bn in 2022, helped by cost savings and better-than-expected revenues.

Continue reading...