'I can't believe how dumb they are': Crown employees detained in China
Chinese authorities have detained 18 employees of billionaire James Packer's Crown Resorts, including three top Australian executives, in a co-ordinated police operation targeting the gaming giant's marketing activities in China.Most senior among those detained was Jason O'Connor, the company's Executive General Manager in charge of international VIP services. Jason O'Connor Photo: Supplied Mr O'Connor, who is among the casino company's top executives, heads up a program designed to lur..>> view originalReserve Bank warns big banks about oversupply of apartments in inner cities
The Reserve Bank has warned about the big banks’ exposure to inner-city apartment markets, saying the risk of a “marked oversupply” has increased significantly in some inner-city areas. Australia’s banks risked “material losses” on their development lending if apartment markets deteriorate, and even greater exposure through their mortgage lending. Although immediate risks were not high, they were worth watching, it said. The RBA’s Financial Stability Review, published on Friday, dedicated a sec..>> view originalInvestors return to the market with pre-election uncertainty a thing of the past
Furniture giant Steinhoff acquires Fantastic Holdings for $361m
Management of black lung in Queensland 'shambolic', inquiry hears
"Shambolic" and "dropped the ball" were just some of the words uttered on Friday as an inquiry tries to unravel how a deadly disease has re-emerged in a modern Queensland.Coal miner's pneumoconiosis, also known as black lung, was under the spotlight at a parliamentary select committee inquiry into black lung, with a public departmental briefing on Friday. More News Videos Previous slide Next slide Black lung case 'tip of the iceberg' Christmas shopping hours e..>> view originalAustralian Dollar demand improves
Australian Dollar demand improves 14 October 2016 by News Desk | SHARE Australian Dollar demand had improved again by Thursday night as markets began to indulge in another session of risk-rallies. Australian Dollar trended bullishly on Friday after the publication of the Reserve Bank of Australia’s latest financial stability report, in which the bank played down housing risks slightly and stated that Chinese banks were a bigger risk than Australi..>> view originalWestpac's BT Financial Group admits it knocked back 1-in-3 TPD claims
After a lot of arm twisting, Westpac's life insurance arm has been outed as the insurer declining one-in-three total and permanent disability (TPD) claims made by its customers.The admission was made hours after the corporate watchdog refused in parliament to reveal the identity of the country's biggest decliner of life insurance claims in TPD. More Business Videos Previous slide Next slide Banks fires up about banks Australian Crown staff detained in China ..>> view originalBackpacker work visa scheme risks becoming 'black market'
Backpackers on Australian working-holiday visas are being grossly underpaid, or in some cases paid nothing at all, as authorities fear the program is becoming a "black market" for exploited labour.An investigation into the federal government's popular 417 'backpacker' visa program has scrutinised the employment of more than 4000 visa workers in rural areas, and uncovered alarmingly high levels of abuse. More News Videos Previous slide Next slide Asian backpackers vulner..>> view originalRinehart redux: Billionaire Gina Rinehart launches fresh tilt to restrict money her children receive
Australia's richest woman Gina Rinehart has started new litigation against her children's trust fund to prevent it from receiving millions of dollars in royalties from a Rio Tinto joint venture.Mrs Rinehart, whose wealth was recently estimated at $6 billion, filed the fresh salvo against the trust that manages the inheritance of her four children – John Hancock, Bianca Rinehart, Hope Welker and Ginia Rinehart – late last month in the Federal Court. Billionaire Gina Rinehart during a tour o..>> view originalMigrants at higher risk of problem gambling: report
Foreign-born Australians are in far greater danger of developing a destructive gambling addiction, research reveals.A report from the Australian Institute of Family Studies has found the stress of moving to a new country, and the shame associated with gambling in some cultures, increases the risk of new arrivals becoming problem gamblers. Migrants have a higher chance of risky gambling, research shows. Photo: Peter Braig It cites research that gamblers from Arabic, Chinese and Greek com..>> view original
| Stroke patients missing out on life-saving treatment after hours . | Wollongong taxi driver 'bashed' over $1 fare dispute . |
| Like Pokemon Go but with birds . | Brisbane man falls asleep at wheel . |
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