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Wednesday 15 August 2018

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Here's what economists are saying about Australia's wage report

Australian hourly wage rates excluding bonuses increased by 0.62% in the June quarter, leaving the annual increase at 2.14%, up from 2.07% in Q1 2018.
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The banking royal commission has revealed that super funds are also charging dead people advice fees

Colonial First State, owned by the Commonwealth Bank, says its trustee Avanteos Investments found in 2015 it was charging fees to the estates of dead people.
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VIDEO: A Muslim MP's emotional speech thanking everyone condemning an Australian senator calling for a 'final solution' to immigration

Dr Anne Aly is Muslim, an expert in Islamic deradicalisation and just the second Muslim MP elected to the federal parliament. 
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Billionaire investor George Soros made a big bet on music streaming services, and it looks like it's paying off

Soros Investment Management took stakes now worth $US178.7 in newly-public Spotify and Pandora.
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The stunning 'Green Spine' will be Melbourne's newest skyscraper -- and the Southern Hemisphere's tallest

Local developer Beulah International has awarded its $2 billion project for the current BMW dealership on Southbank to UNStudio X and Cox Architecture.
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Australian scientists have found a way to turbocharge the internet by changing the colour of light

Australian scientists have invented a crystal device as thin as human hair that can convert invisible light to the visible spectrum and change its colour.
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Lady Mary Fairfax's PA will receive her salary for the rest of her life, according to the late philanthropist's will

The details of late Lady Mary Fairfax's will have been published for the first time since her death last September. 
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Seek's profit has been hit by writedowns

Seek posted a 25% lift in full year revenue of $1.29 billion 
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Coles earnings tumbled nearly 7% as Wesfarmers' annual profit falls 58%

Statutory full year net profit after tax at Wesfarmers was down 58% to $1.197 billion.

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