Finance news

The top 5 midsize SUVs tested and ranked by Edmunds

Not everyone wants or needs a third-row seat, but a midsize SUV is undeniably appealing for its extra interior room and utility

Hedge fund CEO Ken Griffin gives record $3B to Carnegie Mellon to build Miami campus

Carnegie Mellon University announced Wednesday that hedge fund CEO Ken Griffin is donating $3 billion, with the bulk of the money to be used to start a new campus in Miami that will focus on societal challenges

Oceania

Major banks raise interest rates after RBA lifts cash rate to highest since 2011

Australia's big four banks announce interest rate rises after the Reserve Bank of Australia lifted the cash rate to its highest level in more than a decade.

Bathurst childcare centre shut down over persistent breaches and child safety risks

Jenny's Kindergarten and Early Learning Centre at Bathurst has been shut down due to non-compliance and child safety risks.

Oceania

Sydney Airport runway conflict in July one of Australia's most severe, safety investigator says

The Australian Transport Safety Bureau (ATSB) has delivered findings on four of the six ongoing investigations into conflict investigations at Sydney Airport in recent months.

One year after the end of the EV tax credit, is the future still electric?

Congress got rid of a $7,500 federal tax credit for new electric vehicle buyers. One year later, are people still buying EVs?

Asia

Factory activity returns to expansion in a positive sign for China’s economy

A Chinese government survey shows the country's factory activity has expanded for the first time since June, signaling a positive shift as officials aim to boost economic growth

Tasmania's lower wages make for a uncomfortable interest rate rise

Tasmanian home and business owners are assessing how to absorb the latest interest rate hike, in a state where wages are already lower than other states.

Iranians face soaring prices for medicine as the US blockade and sanctions hit hard

Medication prices are soaring in Iran and some treatments have become hard to find, leaving patients and their families scrambling as a U.S. blockade and stepped-up sanctions squeeze the country’s pharmaceuticals industry

Planning commission approves bid to extend life of Hunter Valley Operations coal mine

The NSW Independent Planning Commission approves plans that will allow Hunter Valley Operations to continue coal mining at a site near Singleton until 2045.

Americas

US futures edge dragged lower as oil prices and Treasury yields climb

U.S. futures are edging lower as oil prices climb and bond yields continue to pressure stocks

Clermont on emergency water restrictions following pump failure

Clermont residents are still being urged to conserve water, while storage levels are critically low due to multiple pump failures.

RBA unlikely to lift rates again in November after lower-than-expected inflation figures

The odds of the Reserve Bank lifting interest rates in November have fallen sharply after the latest consumer price index (CPI) came in lower than expected. News figures from the ABS show show headline inflation jumped to 4 per cent in the year to August.

Oceania

Finance presenter Alan Kohler retiring after three decades at ABC

Alan Kohler, one of the most influential journalists Australia has ever produced, will retire at the end of the year.

Supervisory risk appetite, efficiency and effectiveness

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Monetary policy in a world of overlapping shocks

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Interview with La Croix

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Oceania

CDC Data Centres reveals plans for $15 billion facility near Wagga Wagga

A proposal by CDC Data Centres would see one of the largest data centres in Australia developed on the outskirts of Wagga Wagga.

ASX jumps as traders cut bets on November rate rise as big banks pass on RBA decision — as it happened

The big four banks have all confirmed they will increase home loan variable interest rates by 0.25 percentage points, following the Reserve Bank's decision to raise the official cash rate.

Back carriages on Tangara train services shut for school holidays amid security breaches

After multiple security breaches, the back carriage has been closed off on many Tangara trains.

Cafe faces costly court case to settle landlord dispute as retail laws passed four years ago still not enacted

A cafe owner in dispute over a building compliance issue may have to take their case to court, as a retail law passed four years ago is yet to be enacted.

Oceania

Fossil fuel giants behind hundreds of programs targeting Australian children

At least 260 educational programs in Australia are sponsored by fossil fuel companies, according to a report by a climate advocacy group.

Middle East

Americans growing more pessimistic about the economy as prices for gas, other items remain elevated

Americans’ confidence in the economy deteriorated this month as prices remain elevated and wages stagnate amid the ongoing Iran war

Americas

U.S. job openings slipped to 7.1 million in August but labor market remains sturdy

U.S. employers posted fewer job openings in August, but the American labor market remains resilient in the face of higher energy costs caused by the fighting with Iran