Travel news

10 things you need to know this morning in Australia

Hello hello. 1. The latest GDP figures show Australia’s economy grew 3.3% in the September quarter. The data technically signals the end of Australia’s first recession in 29 years, after two consecutive quarters of negative growth. However, this doesn't tell the whole story – while the growth outlook for Australia is positive, there is still plenty of weakness in the economy, including its jobs market.


'Taking matters into their own hands': EFL refuse to pay HMRC

More than a dozen football clubs in the EFL have refused to pay millions of pounds to Her Majesty's Revenue and Customs in November in protest at a lack of financial support for the national game.


Victorian Government raises trade concerns directly with China

Victorian Trade Minister Martin Pakula tells a parliamentary committee that he has raised concerns about the ongoing dispute with the Consulate-General of the People's Republic of China in Melbourne as well as the Federal Trade Minister Simon Birmingham.


GoPro stock gains after company discloses subscriber surge

Shares of GoPro Inc. are up 4.7% in Thursday afternoon trading after the maker of action cameras disclosed an updated subscriber count. GoPro announced Thursday that it saw "record-breaking sales" during the period from Black Friday to Cyber Monday, which helped the company bring its subscriber count above 670,000. The company had disclosed a subscriber count of 501,000 on Nov. 5, in conjunction with its third-quarter earnings report. Chief...


Macron slams Lebanon political inertia at aid meeting

France's President Emmanuel Macron Wednesday urged Lebanese politicians to form a government as he chaired a second aid conference to help the crisis-hit country after a deadly port blast. Even before the Beirut port blast brought the country to its knees, Lebanon had been in economic crisis for more than a year.


£1.8bn-plus in Covid rates relief to be handed back as B&M joins list

Sainsbury’s, Asda, B&M and Aldi have agreed to join rivals Tesco and Morrisons in repaying emergency taxpayer support, taking the total handed back to the Treasury by major high street names from a business rates holiday to more than £1.8bn. The John Lewis Partnership, which owns Waitrose, and Marks & Spencer were adamant on Thursday that they would not return the money, despite also benefiting from strong food sales during the pandemic. They...


Ryanair orders further 75 Boeing 737 Max jets worth up to £6.7bn

Ryanair has ordered a further 75 Boeing 737 Max planes worth up to $9bn (£6.7bn), defying aviation industry pessimism over coronavirus and concerns that the public may avoid the model due to safety fears. Europe’s biggest short-haul airline has now ordered a total of 210 of the aircraft that its chief executive, Michael O’Leary, has described as a “gamechanger” for the carrier’s business model. The airline is likely to have negotiated a...


A Christmas Gift Guide for Folks Who Want to Buy Aussie-Owned

Haven't started making a dent in your Christmas shopping yet? I feel you. Deciding what to give your nearest and dearest come the holidays is a tricky business. Especially if you want to make sure the gifts you're giving make an impact, not just on the person who's receiving it, but the people you're buying it from. Considering Australia has hard such a tough go this last 12 months, I thought I'd put together a list of Aussie-owned businesses...


Supersaver mother resold items to help pay off her £8,500 debt

Yvette Duignan, 41, from Exmouth, Devon, has been able to ditch a conventional job and make money via survey sites, collecting supermarket club card points and entering competitions.


Aston Martin to hold internal inquiry after 'sockpuppet PR firm' row

The boss of Aston Martin has called for an internal investigation after the British carmaker was accused of using a “sockpuppet PR firm” to legitimise a report which used data criticised as misleading to discredit electric vehicles. The new chief executive, , said Aston Martin’s involvement in the widely discredited report began before he joined the company last August, and that he was not aware of its contents before it was published. Moers...


Facebook could soon face antitrust lawsuit from 20 to 30 states

A group of 20 to 30 state attorneys general is reportedly readying a suit against the social-media giant.


Vitol pays $135 million to resolve U.S. allegations of oil bribes in Latin America

Vitol pays $135 million to resolve U.S. allegations of oil bribes in Latin America


Airports reject vaccine requirement as travel debate intensifies

Airports reject vaccine requirement as travel debate intensifies


TalkTalk extends Toscafund takeover offer deadline for second time

Toscafund, which is one of TalkTalk's largest shareholders, initially proposed a 97p per share £1.1billion buyout two months ago.


Calls for royal commission as report details allegations blueberry farmers pay workers $3 an hour

A royal commission into Australia's blueberry industry is being called for after a new report alleges evidence of systemic wage theft by labour hire firms recruiting international workers to pick the fruit in NSW.


Boost to SA MPs' super in exchange for lobbying ban recommended as part of code of conduct

South Australian MPs would get more money in superannuation if a code of conduct and a ban on lobbying after public life are ratified by State Parliament.


Southwest issues layoff warnings to 6,828 employees

Southwest issues layoff warnings to 6,828 employees


Can-do attitude: Wuhan virus lockdown captured in craft beer

When the coronavirus emerged in Wuhan and the Chinese city went into a strict 76-day lockdown, Wang Fan resolved to commemorate the turbulent period in the way he knew best -- through beer. That traumatic period is recalled in a beer made by Wang and his team called "Wuhan Jia Ha Zi You", or "Wuhan Stay Strong".


Basslink operator to pay Tasmanian Govt $38.5m in compensation for 2015 power crisis

The operators of the Basslink undersea power cable between Tasmania and Victoria are ordered to pay the Tasmanian Government almost $40 million in compensation after it failed to prove a major power outage in 2015 was beyond its control.


Drop in US jobless claims small bright spot in troubled labor market

A drop in new applications for US unemployment benefits reported Thursday offered small comfort to the millions of Americans who will see pandemic aid expire without an agreement in Congress on a new relief program. The report showed that through the week ended November 14, 20.2 million people continued to receive some form of unemployment benefit, including the special pandemic programs that will terminate at the end of the year.


The Australian dollar has roared to a two-year high – and it's more bad news for the economy

The Australian dollar climbed higher this week to buy more than 74 US cents, hitting a 28-month high. It runs counter to what the Reserve Bank of Australia (RBA) is trying to do, suppressing the dollar below the 70 cent mark, in order to boost Australian exports.


Biden set to revamp US trade tactics -- but not policy

President-elect Joe Biden undoubtedly has plans to roll back many of President Donald Trump's policies when he takes charge of the White House next month, but when it comes to trade, he has signaled little may change -- at least at first. In an interview with The New York Times published Wednesday, Biden, who defeated Trump in last month's presidential election, made it clear his first job will be reviving the beaten-down US economy, not...


WEC Energy to raise dividend by 7.1%, but will still yield below utilities peer group

WEC Energy Group Inc. said Thursday it plans to raise its quarterly dividend by 7.1%, to 67.75 cents a share from 63.25 cents a share. The utilities company's new dividend will be payable March 1 to shareholders of record on Feb. 14. The stock slipped 1.4% in afternoon trading. At current prices, the new annual dividend rate implies a dividend yield of 2.87%, which compares with the payout yield for the SPDR Utilities Select Sector ETF of 3.09%...


U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge

The U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.


Waller to join Fed board as virus surge threatens U.S. economy

Waller to join Fed board as virus surge threatens U.S. economy


US blocks imports of Xinjiang 'slave labor' cotton

The United States will block imports of cotton it says are harvested with "slave labor" in China's Xinjiang region, authorities have announced. Beijing has come under intense international criticism over its policies in the resource-rich territory, where rights groups say as many as one million Uighurs and other mostly Muslim minorities are being held in internment camps. The new rule allows Customs and Border Protection officials to detain...


Premier League FINALLY agrees a bailout for the EFL

A deal between the Premier League and EFL to bailout lower league clubs is about to be finalised and cash could start flowing to crisis clubs 'within a week', Sportsmail can reveal.


Biden taps Brian Deese to head White House economic council

Biden taps Brian Deese to head White House economic council


Silver Sands 'eyesore' set to make way for luxury accommodation, if Jan Cameron succeeds in Bicheno

A derelict hotel that has blighted a prime location at one of Tasmania's prettiest east-coast towns is set to be knocked down and replaced with an eco-development that includes accommodation for penguins.


House prices to surge in Australian capital cities, driven by 'aggressive' Government stimulus

Capital city prices will get a lot more expensive next year according to property analysts, while the amount of money Australians are borrowing to buy property has jumped to a record high.


Countryside Properties to be split in two as chairman steps down

The announcements, unveiled along a £1.9million loss, come just a day after its third largest investor called for Countryside to ditch the chairman and break up the company.


Hillbilly Elegy uses personal experience to promote the same old bootstrap nonsense

Hillbilly Elegy the book came out at a weird time. Released just a few months before Donald Trump would be elected president of the United States, it was already on the shelves and gaining a respectable audience when those surprised by the results scrambled to find something that would explain these “dangerous” white people they just remembered existed. It became a phenomenon. Hillbilly Elegy the movie is also coming out at a weird time....


Ex-Barclays investment bank chairman plans to raise $250 million with blank-check company

Golden Falcon Acquisition will pursue deals in the TMT and fintech sectors in Europe and North America.


Uber sees potential for electric vehicles in Australia, but says proposed taxes are a ‘challenging barrier’

Uber sees the potential for electric vehicles in Australia but raised concerns about the potential EV tax being proposed. Uber's APAC mobility chief Pradeep Parameswaran told Business Australia the tax could be a "challenging barrier" for EVs.


Is Australia out of recession? Yes, but many people are still out of work and feeling the pain

It is politically difficult to sell a good news story when about 1 million Australians are still out of work and many are struggling to pay their rent and bills.


Why the OPEC+ agreement to boost production in 2021 hasn’t tanked oil prices

It was obvious that the Organization of the Petroleum Exporting Countries and their allies, collectively known as OPEC+, would have a difficult time reaching a decision on oil production levels in the new year when the group postponed its meeting this week, but the big surprise may be that oil prices haven’t plunged, even as news emerged that the producers have agreed to increase output at the start of the year.


Chris Waller step outs out from Judy Shelton’s shadow and onto Fed board

The nomination of Chris Waller, who is the St. Louis Fed's chief economist, to the Fed's board of governors was overshadowed by that of fellow nominee Judy Shelton. But unlike Shelton, Waller was able to win confirmation on the Senate .


Citigroup on track for trial over $900 million Revlon mistake

Citigroup on track for trial over $900 million Revlon mistake


Chinese firms could lose access to US stock markets

The House of Representatives on Wednesday passed a bill that could close US stock and money markets to Chinese firms. The SEC has already crafted a proposal similar to the measure that passed the House of Representatives on Wednesday.


High-speed internet lines to surge in Europe as virus boosts demand: study

High-speed internet lines to surge in Europe as virus boosts demand: study


BMW, Audi exits rock Formula E but Agag says series is solid

US-MOTOR-F1-ELECTRIC:BMW, Audi exits rock Formula E but Agag says series is solid


Australia's biggest betting company Tabcorp has been fined $30,000 for illegal gambling advertisements on Instagram Stories

Australian gambling company Tabcorp pled guilty to an illegal gambling advertising offence for campaign run on Instagram Stories in 2019. In December last year, the company ran advertisements that 'inadvertently' included former customers in NSW, encouraging them to place bonus bet through the gambling platform.


Pandemics, climate change 'intensify' global health threats

From small island states to urbanised powerhouses, every country on Earth faces "multiplying and intensifying" threats to human health as climate change renders future pandemics and system collapses ever more likely, a major study concluded on Thursday. A deadly mix of extreme heat, air pollution and intense farming are combining to produce the "worst outlook for public health our generation has seen", according to the Lancet's fifth annual...


Ryanair declared Europe's BEST-PERFORMING airline of the past 10 years

The accolade was bestowed upon the Irish no-frills carrier by the Decade of Airline Excellence Awards, with one judge declaring that it had 'revolutionised air travel within Europe'.


Go-Ahead ups its 2021 outlook as it's boosted by bus contracts

Bus and rail firm Go-Ahead Group said its outlook for 2021 has improved and its board is 'working towards paying a dividend at an appropriate level' next year.


As predicted, women are suffering because of the two-child benefits limit

Mothers-of-two finding themselves pregnant again are having terminations , even though they wanted a third child, for fear of impoverishing their family because of the two-child benefit limit. This was entirely predictable. In these hard times, families unexpectedly crash-landing on to universal credit are discovering the full brutality of Britain’s benefits system, the meanest among comparable European countries. Stripping a third child of any...


These are the 20 best regional towns for Australian first homebuyers

Australians are looking to the regions, lured by affordability, lifestyle, and the recent surge in working from home arrangements. But not all are created equal, with ME Bank commissioned research ranking the top 20 towns for first homebuyers looking to make a tree change.


Afterpay processed more than $US2 billion worth of purchases in a single month – with US sales surpassing Australia for the first time

Afterpay has revealed it processed more than $US2.1 billion in sales in November alone. It comes on the back of the Black Friday and Cyber Monday sales, which saw US sales more than double and overtake Afterpay's home market of Australia for the first time.


The Guardian view on Covid-19 vaccine distribution: fairer is also wiser

As the pandemic took hold around the world, one image came to capture the wildly differing experiences of a common crisis: “We are in the same storm, but we are not all in the same boat.” This is equally applicable to our escape from the storm. The speed with which vaccines have been developed is incredible; the Pfizer/BioNTech vaccine is due to be used in the UK within days. But reaching the billions who need them worldwide may be even more...


Bill Ackman's Pershing Square to join FTSE 100 after Covid bets pay off

An investment trust that tracks the hedge fund run by the US billionaire Bill Ackman is to join the FTSE 100 after bets on the market carnage caused by coronavirus earlier this year produced bumper returns. Pershing Square Holdings will be promoted to London’s blue-chip index on 18 December, meaning the pensions investments and tracker-fund holdings of millions of people will be adjusted to include shares that mirror the hedge fund. The...