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Sydney’s Opal Tower builder defends gutting units

The builder of the cracked Opal Tower has defended its gutting of some apartments that sparked fury among residents. Some residents, who have been living in temporary accommodation for nearly two weeks, say they weren’t notified before their possessions were shifted, ceilings ripped apart and fridges emptied. ‘Cracked’ Opal Tower builder Icon apologises to residents […]

Chinese investment in Australia’s wineries on the rise

When FeiFei Wang came to Australia four years ago she knew almost nothing about Australian wine. Now, she and two other Mandarin-speaking staff are serving Chinese customers at Tamburlaine Organic Wines in the Hunter Valley, in New South Wales. “Right now we have a lot of Chinese customers come to our winery. We have noticed how […]

Irresponsible payday lending ‘widespread’

The majority of payday loans lead to further financial hardship for the Australians receiving them, a Senate inquiry has been told. Financial Counselling Australia chief executive Fiona Guthrie has told the inquiry, which is investigating the short-term and high-cost loans, that laws passed in 2013 to further protect people accessing payday services haven’t stopped “widespread” […]

Boost for controversial building watchdog

The Morrison government is throwing an extra $3.7 million at the construction watchdog which Labor has vowed to abolish if it wins the next federal election. Industrial Relations Minister Kelly O’Dwyer on Wednesday announced the Australian Building and Construction Commission would receive the money over four years from 2019/20. “The coalition government is committed to […]

Huawei exec seeks Canada bail, proposes electronic monitoring

VANCOUVER: A top executive of Chinese telecom giant Huawei sought release from Canadian detention on Monday (Dec 10), offering to submit to strict electronic monitoring, as Beijing escalates its protests over her arrest on a US warrant. Meng Wanzhou, Huawei’s chief financial officer, faces US fraud charges related to alleged sanctions-breaking dealings with Iran, and […]

Thousands march against Adani coal mine

Thousands of people have protested Indian mining giant Adani’s plans to dig a new thermal coal mine in Queensland and have called on state and federal governments as well as the federal opposition to stop it going ahead. Protesters marched the streets in Melbourne, Sydney, Brisbane and Cairns just a week after upwards of 15,000 […]

Pioneer bought by Hong Kong fund

TOKYO: Japanese electronics firm Pioneer said Friday (Dec 7) it will become a wholly owned unit of a Hong Kong-based fund to rebuild itself in a deal worth US$904 million. Pioneer, known for its audio equipment as well as car electronics systems, said Baring Private Equity Asia has agreed on a 102-billion-yen (US$904 million) plan to […]

Filibustering tactics put both encryption and Nauru bills on ice until 2019

The last day of parliament 2018 has been dominated by filibustering and tactics that will likely see two hotly-anticipated pieces of legislation fail to pass before MPs leave Canberra for the long Christmas break. The Greens, Labor and crossbench succeeded in passing amendments on medical transfers for asylum seekers on Nauru and Manus Island in […]

Malaysia’s AirAsia X reports wider Q3 loss on higher fuel cost

KUALA LUMPUR: Malaysia’s AirAsia X Bhd reported a sharply wider third-quarter net loss on Wednesday (Nov 21), the airline’s second consecutive quarter in the red due to higher fuel prices. Volatile fuel costs have been a significant pressure on the long-haul budget offshoot of AirAsia Group Bhd, and analysts expect that will continue to be […]