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Australia’s property investor borrowing rises at fastest rate in a decade - despite interest rate rises
Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increaseGet our breaking news email, free app or daily news podcastProperty investor borrowing rose at its fastest rate in a decade in March, according to the Reserve Bank, despite higher interest rates and speculation about property tax changes.Owner-occupier loan growth slowed under the weight of growing mortgage costs but investor lending is continuing its record surge. Co...
Thousands of Just Eat couriers launch legal action to improve workers’ rights
More than 7,000 join employment tribunal that will include claims for minimum wage and holiday pay More than 7,000 Just Eat couriers are taking legal action against the food delivery company in an attempt to gain better employment rights including the minimum wage and holiday pay.The employment tribunal, which begins on Tuesday and is set to run until 2 June, will determine if the couriers are classed as workers, a status that comes with improved rights, or self-employed independent contractors....
Albanese won’t bring in a gas export tax next week – but he’ll struggle to hold off pressure forever
The PM is clearly not prepared to risk backlash from Asian energy trading partners during a fuel crisis – but his government will face domestic challenges if it doesn’t move eventuallyGet our breaking news email, free app or daily news podcastTwo separate events on Monday – one in rain-soaked Canberra, the other in sunny Gladstone – neatly explain why the federal government won’t pursue a new gas export tax in next week’s budget and why it might have no choice but to do so in the future.In the n...
One in four humanities students in Australia to take more than 25 years to pay off student loans, treasury finds
Job ready graduates program will also leave almost two-thirds of humanities and creative arts students with debts exceeding $50,000Get our breaking news email, free app or daily news podcastOne in four humanities students will take more than 25 years to fully repay their student loans because of Morrison government changes to university fees, newly public Treasury modelling reveals.The job ready graduates program, introduced in 2021 under the former prime minister Scott Morrison, will also leave...
Khosla Warns Software Pain Will ‘Taint Everything’ Across Credit
Strategic Value Partners founder Victor Khosla expects years of elevated defaults in credit markets and is preparing to take advantage of opportunities created by greater dispersion among private credit managers.
One bad refund during crises can undo years of loyalty, warns major UAE retailer
Dubai: When geopolitical uncertainty rises, retailers face more pressure to get the basics right. Executives at Majid Al Futtaim and Visa say digital trust — across payments, loyalty programmes and personalisation — becomes essential, not optional.Get updated faster and for FREE: Download the Gulf News app now - simply click here."When the world feels uncertain, people don’t step back from digital experiences," said Darren Taylor, Senior Vice President for SHARE Rewards and Customer Solutions at...
Shipping firms question safety in strait of Hormuz despite Trump plan
President says US navy will ‘guide’ stranded ships out of waterway but report says warship was hit by IranMiddle East crisis – live updatesThe world’s shipping industry has questioned if vessels will be able to travel safely to and from the Gulf after Donald Trump announced his latest plan to open the strait of Hormuz.The US president wrote on Monday that the navy would “guide” stranded ships out of the waterway, writing on his social media site Truth Social that the operation, “Project Freedom”...
ECB Likely to Hike Rates with Capital Economics' McKeown
Jennifer McKeown, chief global economist at Capital Economics, discussed the near-term outlook for central bank policy, highlighting that the European Central Bank appears more likely to raise interest rates soon compared to the Bank of England or the Federal Reserve. (Source: Bloomberg)
Spirit Airlines Seeks to Start Orderly Wind-Down to Sell Assets
Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.
Dubai property market steady, no sign of distress sales
Dubai: Dubai’s real estate market continues to show resilience, with little sign of the distressed deals many had expected to emerge.Recent data from leading property platforms highlights a shift in buyer behaviour, with more deliberate decision-making and careful comparisons. However, demand remains strong, with high levels of engagement and serious buyers continuing to move toward transactions.Industry experts say this signals a maturing market rather than the beginning of a downturn.“We are s...
Price of pints in London soars to over £10 for the first time
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FedEx, UPS Shares Tumble on Amazon’s ‘Watershed’ Logistics Move
US transportation stocks plunged Monday morning after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.
Putin instructs cabinet to expand use of biotechnology in economy
The Cabinet of Ministers will also need to prepare proposals to expand the participation of biotechnology organizations in the implementation of the federal project "Professionalism"
GameStop (Yes, GameStop) Makes $56 Billion Bid for eBay
Shares of online retail giant eBay were up more than 4% Monday after GameStop, the video-game and fandom-culture retailer, launched an unsolicited $56 billion takeover bid. On Sunday, GameStop announced that it submitted a nonbinding proposal to acquire 100% of eBay at $125.00 per share in cash and stock (comprising 50% cash and 50% GameStop […]
Amazon opens up its global logistics network to all businesses
Amazon is opening its global logistics network to all businesses, the company announced on Monday. The new service, called Amazon Supply Chain Services, pits the e-commerce directly against UPS and FedEx. The service opens Amazon’s freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes. The company says the service will support businesses in industries such as healthcare, automotive, manufacturing, and retail.
Apollo's Zito on Fears Facing Private Credit Investors
Apollo Asset Management co-President John Zito talks about how AI is impacting investing and private credit. “Everyone is acknowledging we will be in a higher-volatility regime, but they are not acknowledging credit is actually the typical safer place to be," he told Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills. (Source: Bloomberg)
Pakistani delegation attends US investment summit to expand global footprint
ISLAMABAD: A delegation of 16 Pakistani entrepreneurs and business leaders is participating in the ‘SelectUSA Investment Summit’ that has opened in National Harbour, Maryland, to establish new connections and opportunities to grow through investing in the United States. The four-day Investment Summit, which opened on Sunday, is the highest-profile event in the United States to facilitate business investment by connecting thousands of investors, companies, economic development organisations (EDOs...
What are today's savings account interest rates: May 4, 2026?
MoneyWatch: Managing Your Money What are today's savings account interest rates: May 4, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He...
Mexico Exchange Biva Sees ‘Serious’ Investor Interest in Bidding
Mexico’s second-largest stock exchange, Biva, has received “serious” interest from potential bidders in a sale process that kicked off at the end of last year, said Chief Executive Officer Maria Ariza.
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
MoneyWatch GameStop offers to buy eBay for $55.5 billion as video game seller threatens hostile bid .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham May 4, 2026 / 9:47 AM EDT / CBS News Add CBS News o...