Category Archives: Business

Australia news live: Bob Brown takes out ad praising woman injured in pro-Palestine protest; AMA welcomes new medicinal cannabis guidelines

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The political leader of the central Tibetan administration – Tibet’s government in exile – is visiting Australia this week.

It comes as Anthony Albanese heads to China this weekend.

It is not enough to have freedom only in a few countries in this world. Freedom is necessary for every human being in this world.

When prime minister Albanese’s visiting there, I would urge him to also say that he would like to visit Tibet.

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Government inheriting poor value assets due to bad handling of PFI contracts, watchdog says

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Public accounts committee warns UK infrastructure risked becoming ‘stony ground’ for investors without major overhaul

Bad management of private finance contracts is leading to poor quality assets being handed back to the government, including schools and hospitals, according to parliament’s spending watchdog.

Its report into the use of private finance initiatives (PFI) for infrastructure comes at a time when the government has identified private investment in projects such as power plants and transport outside London as a key part of its growth agenda.

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Segal says stripping universities of funding a ‘last resort’ – as it happened

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Australia’s biggest peanut supplier set to shut down

The corporate owners of Australia’s biggest peanut processor will scale down the century-old business in the coming 18 months before shutting it down for good.

There isn’t detail, and it’s unclear whether those tariffs will ever actually be applied.

We do know that the contributions from the pharmaceutical industry in the US to that investigation has been to urge the US government to focus their levers on non-friendly countries and not apply tariffs or punitive levers to allies such as Australia.

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Royal Mail gets go ahead to axe second-class post on Saturdays

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Deliveries will also alternate on weekdays to reflect changing behaviour of users but critics say regulator has let courier off the hook

Royal Mail has been given the green light to drop Saturday deliveries of second-class letters and provide services only on alternating weekdays from Monday to Friday under new rules announced by the regulator.

Ofcom said that reforms of the universal services obligation (USO) reflected changing behaviour of postal users, with fewer letters being sent across the country. The regulator said it could end up saving the postal delivery service between £250m and £425m each year.

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Trump announces 50% tariff on Brazil, citing a ‘witch-hunt’ against Bolsonaro

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Latest threats heighten fears that the president’s erratic trade strategy risks exacerbating inflation across the US

Donald Trump announced on Wednesday that his administration will hit Brazil with a 50% tariff on products sent to the US, tying the move to what he called the “witch-hunt” trial against its former president, Jair Bolsonaro.

Posting letters on Truth Social, the US president had earlier in the day targeted seven other countries – the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka – for stiff US tariffs on foreign exports starting on 1 August.

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Australia news live: Chalmers ‘urgently seeking more detail’ after Trump flags 200% pharmaceutical tariffs; head-on collision on Sydney Harbour Bridge

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Treasurer says Trump’s tariff threats on foreign pharmaceuticals and copper ‘very concerning developments’. Follow the latest news live

Chalmers says millions of people were hoping for interest rate relief yesterday

Jim Chalmers says “there were millions of people who were hoping for more rate relief yesterday and didn’t get it”.

As per letters sent to various countries yesterday, in addition to letters that will be sent today, tomorrow, and for the next short period of time, TARIFFS WILL START BEING PAID ON AUGUST 1, 2025. There has been no change to this date, and there will be no change. In other words, all money will be due and payable starting AUGUST 1, 2025 - No extensions will be granted. Thank you for your attention to this matter!

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ASA cracks down on online pharmacies advertising weight loss injections

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Watchdog releases nine new rulings setting clear precedents for online selling

Online pharmacies are no longer allowed to run adverts for weight loss injections, the advertising watchdog has ruled, as part of a crackdown on what has been described as a “wild west” culture of online selling.

In the UK, advertising prescription-only medications (POMs) – which includes all weight loss jabs such as Wegovy and Mounjaro – to the public is illegal. However, a Guardian investigation previously found some online pharmacies either breaking these rules outright, or exploiting grey areas to peddle the medications to the public.

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Ed Miliband abandons plan to charge less for electricity in Scotland

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Energy minister decides against ‘zonal pricing’ backed by Octopus founder but opposed by many other energy firms

Ed Miliband has abandoned plans to charge southern electricity users more than those in Scotland, after senior officials warned it could put off investors and make it more difficult to build renewables.

Sources have told the Guardian that the government has decided not to proceed with the scheme, known as “zonal pricing”, and that the decision will be announced once it has been signed off by the cabinet.

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Apple appeals against ‘unprecedented’ €500m EU fine over app store

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iPhone maker accuses European Commission of going ‘far beyond what the law requires’ in ruling

Apple has launched an appeal against an “unprecedented” €500m (£430m) fine imposed by the EU on the company, in the latest clash between US tech companies and Brussels.

The iPhone maker accused the European Commission – the EU’s executive arm – of going “far beyond what the law requires” in a dispute over its app store.

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Low water levels push up shipping costs on Europe’s rivers amid heatwave

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Vessels on Rhine in Germany and Danube in Hungary forced to sail partially loaded

Low water levels after heatwaves and drought are limiting shipping on some of Europe’s biggest rivers including the Rhine and the Danube and pushing up transport costs.

As much of Europe swelters in hot temperatures, water levels in its main rivers have fallen. This is affecting shipping along the Rhine – one of Europe’s key waterways – south of Duisburg and Cologne in Germany, including the choke point of Kaub, forcing vessels to sail about half full.

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Musk should stay out of politics, treasury secretary says after ‘America’ party news

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Scott Bessent suggests Musk focus on business a day after tech billionaire announced his new political party

Elon Musk should focus on running his companies and keep himself out of politics, Donald Trump’s treasury secretary said on Sunday, a day after the world’s richest person – and a former White House adviser – announced the formation of a new political party.

“The principles of Doge were very popular – I think if you looked at the polling Elon was not,” Scott Bessent said on CNN’s State of the Union, referring to the so-called “department of government efficiency” that Musk temporarily headed after Trump’s second presidency began in January.

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UK carmakers on track to meet EV sales target despite intense lobbying to lower quota

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Electric car sales made up 21.6% of sales in first half of 2025, only just below the effective 22% share needed to meet rules

Carmakers are on track to meet existing UK electric car sales targets despite having successfully lobbied the government to water them down.

Electric car sales made up 21.6% of sales in the first half of 2025, only marginally below the 22.06% share needed to meet existing rules once concessions are taken into account, according to an analysis by New AutoMotive, a thinktank.

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Anger as Nationwide refuses members a binding vote on boss’s 43% pay hike

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Lender says Debbie Crosbie’s package ‘should compete with banks’ but critics say building societies are ‘supposed to be the good guys’

Nationwide is under fire for refusing to give members a binding vote on a controversial 43% pay rise for its chief executive, Debbie Crosbie, which could total up to £7m.

Campaigners say it leaves the mutual’s members with fewer rights than shareholders of listed UK banks and exposes a worrying “loophole” in building society rules.

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‘We’re an antidote’: Boss of Legoland owner on the thrill of theme parks in a world of technology

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Fiona Eastwood says real-life experiences that bring people together are vital amid a battle for attention in the digital era

Artificial intelligence is in the process of upending the business models of companies all over the world, but when it comes to the $100bn (£73bn) global theme park business the thrill of “big metal” rollercoasters is still the biggest draw.

Fiona Eastwood, the boss of the sector’s second biggest operator, Merlin Entertainments, says that in a world dominated by battles over screen time it is real-life experiences that provide families with an “antidote to phones and digital technology”.

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Home Office announces ‘nationwide blitz’ on asylum seekers taking jobs

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Government under pressure on issue after stories of asylum seekers working illegally as takeaway delivery riders

The Home Office has announced what it is calling a “nationwide blitz” on asylum seekers who take jobs, after recent political controversy about people in asylum hotels working as food takeaway delivery riders.

In a statement, which gave few specifics, the Home Office pledged to begin “a major operation to disrupt this type of criminality” based around enforcement teams focusing on the gig economy, particularly on delivery riders.

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Trump threatens 17% tariffs on food and farm produce exports from Europe

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EU says it ‘favours a negotiated solution’ but is prepared for potential trade war with retaliatory duties

Donald Trump threatened to impose 17% tariffs on food and farm produce exports from Europe during talks in Washington this week, it has emerged.

Such tariffs would hit everything from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France, all big sellers in the US.

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Trump says US to start sending tariff rates letters to trading partners

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Letters to be sent to countries without a deal in place before end of 90-day pause on 9 July

Donald Trump has said the US will start sending letters to trading partners setting out tariff rates that countries will have to pay from the beginning of next month.

The US president told the media that about “10 or 12” letters would be sent out on Friday, with further letters sent out over the “next few days”.

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Australia news live: man shot dead by police in siege in Victorian town; boy dies after e-bike crash in Sydney

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Victoria police say they attempted to engage with armed man before ‘siege of several hours’. Follow the latest updates live

Smoke coming from Sydney tram causes to be suspended on Randwick line

Light rail services on the Randwick line have stopped due to smoke coming from the roof of a tram.

The man managed to get back into his car and drive a short distance before being overcome by his injuries.

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First-time buyers turn from rural areas to Britain’s regional cities

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Number looking to move to urban centres up 16% in first five months of 2025 compared with same period in 2015

With the rise of home working and surging house prices in many urban areas, one might have assumed that British cities had lost some of their appeal to homebuyers over the past decade, but it turns out the opposite is the case.

An analysis of the first five months of this year shows the number of would-be first-time buyers in Great Britain looking to move to cities is up by 16% on average compared with the same period in 2015.

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News live: Wong says Trump ‘keen’ for meeting with Albanese; Creative Australia apologises to Venice Biennale artists

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Power continues to be restored in NSW

About 5,800 customers remained without power at 7am Thursday, according to network operators Ausgrid, Endeavour Energy and Essential Energy.

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