WFH ditched: 50c fares spark CBD office workers to flood back
The Queensland government’s 50c public transport fares has sparked the fastest return of office workers to the Brisbane CBD over any other capital city.
Qld Business
Cbus faces Senate grilling over delays in payouts, union links
Leading industry super fund Cbus has come under fire in the Senate Economics Reference Committee about continued delays in the payment of insurance to members.
Power move: global giant strikes Brisbane mega battery deal
The world’s largest independent commodities trading house has for the first time struck a deal to take energy from an Australian battery project.
The pendulum ‘swung too far left’: BlackRock’s Larry Fink
The most powerful investor on Wall Street tells The Australian that corporate culture is ‘undergoing a reset’ away from its progressive outlook. Larry Fink is moving with the times.
‘Retrograde’: Super CEO slams calls to dump diversity changes
The peak superannuation body remains aggrieved at a decision to axe corporate governance reforms including diversity changes, saying business leaders should ‘rise above politics’.
Emergency $50m to bail out Whyalla contractors
Businesses owed money by the Whyalla steelworks will have access to an emergency $50m rescue fund, while GFG Alliance entities owed money will be blocked from accessing it.
Apple unveils new ‘affordable’ and greener iPhone
The tech behemoth has released a new entry-level iPhone, which costs $400 less than the standard model. Here’s what the new features are.
Transurban scores big from back to work traffic
Australia’s biggest toll road operator is enjoying a return to work boom as traffic numbers rise, with CEO Michelle Jablko declaring the NSW government ‘respects’ existing contracts and revenue.
Super funds ramp up push for $220bn US investment goal
Australia’s super industry heavyweights are headed to the US next week as they ramp up plans to more than double investment in that market to $220bn-plus over the next ten years.
QBCC chair resigns amid rising tension over review
The chair of the Queensland building regulator has resigned amid growing frustration within the QBCC over the state government’s push for a “new direction” for the agency.
Mortgage broker makes $30k moonlighting as Airtasker handyman
A Queensland mortgage broker looking to make extra cash to pay for his wedding has earnt thousands moonlighting as a handyman on Airtasker.
Hutchies teams up with watchmaker Adina to reward staff
Construction giant Hutchinson Builders has teamed up with another Queensland business icon Adina Watches to recognise its long-serving workers.
Search for new QBCC comissioner rolls on
A bit over a month after QBCC commissioner Anissa Levy was told she no longer had a job the search continues for someone to run the building regulator.
Why Goodman’s AI pivot has a big message for investors
The veteran property investor is replaying the strategy that turned a small commercial property trust into a $70bn industrial powerhouse.
Lyre’s gets into the spirit in its US push
Leading non-alcoholic drinks brand Lyre’s Spirit Co is taking on the tough US market and has notched up 30 per cent plus year-on-year growth.
One and done? RBA cools hopes over fast rate relief
In delivering a long overdue rate cut, the central bank has a sobering message when it comes to more.
The red hot agents behind the Sunshine Coast’s top 50 property sales
From sprawling beachfront estates to serene hinterland retreats, extraordinary sales in the Sunshine Coast and Noosa have been recorded in the past year. See the 50 most expensive property sales and meet the agents who secured them.
Cyclone-ravaged Whitsunday resort’s $40m resurrection closer
Developers of a $40m eco-resort on cyclone-ravaged Hook Island in the Whitsundays say construction will start this year.
Birtinya set for major expansion as council backs height increase
Following a lengthy debate, the Sunshine Coast Council has approved plans to increase building heights in Birtinya.
$250m-plus: Explosives giant to offload huge Brisbane facility
Incitec Pivot Limited has put its mega Gibson Island property in the Brisbane River, touted as the largest industrial sale of its kind on the eastern seaboard, on the market.
ASX healthcare stocks teaming with giants
Smaller ASX healthcare companies are partnering with larger companies to spearhead growth prospects.
Infrastructure helps these gold stocks stand out
Gold companies are repurposing infrastructure from the nickel industry in a bid to get into production quicker and cheaper.
ASX drops, Fortescue and Magellan hit hard
The ASX dropped 1% as jobs and earnings missed. Fortescue, banks and Super Retail were down, while Whitehaven and Telstra were up.
My dropkick brother-in-law feeds off me like a parasite
My brother-in-law has it sorted – mail-order bride, living rent-free, demanding lavish gifts and refusing to pay back a $10k loan he lost on the stockmarket. Here’s Barefoot Investor’s advice to a fed up woman.
Surviving Trump, tariffs and our own election circus
Trump’s trade war is more political theatre than policy and Australia’s own election circus isn’t far behind. Here’s how Barefoot Investor’s keeping his sanity.
‘Awkward and weird’: Barefoot’s summer love affair with AI
An AI chatbot named Lucy has become Barefoot’s go-to for advice, insights, and road trip conversations. Is this the beginning of a beautiful relationship or will it end in tears?
Barefoot Investor: ‘How I took on the fake Scott Pape scammers’
Barefoot Investor tried to uncover Facebook’s fake Scott Pape scammers but it all descended into chaos with his wife away, the kids sick and German backpackers running his farm.
CBA, Fortescue lead ASX to 5 week low
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
‘Bitter pill’: Grim reality for Aussie savers
It’s only going to get worse for Aussie savers already on their knees after the Reserve Bank’s decision to cut interest rates.
Watchdog’s warning to big supermarkets
Australia’s consumer watchdog says customers’ concerns in the supermarket and retail sector remain a key priority in the year ahead.
Major bank to move 190 Aussie jobs offshore
Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.
Stores cash-strapped Aussies are still visiting
Figures from one of Australia’s largest retailers show Aussies are still finding room in their budgets to shop despite cost-of-living pressures.
Big win for Telstra shareholders
Telstra says its heavy investment in the Australian network is paying off, as the telco announces massive payouts to shareholders.
More Business
Whyalla’s forced collapse won’t solve the huge financial mess
Sanjeev Gupta’s opaque empire is built on smoke and debt, but the unprecedented intervention of South Australia will ultimately cause bigger losses for taxpayers.
Revealed: The millions pouring into Qld’s new mega rich church
A Sunshine Coast church has revealed an eight-figure revenue as they prepare to open their newest mega-sized venue later this year.
A-list chefs line up with promise to spice things up in food festival
Spicy offerings are promised in an Asian food festival on the Sunshine Coast as celebrity chef Peter Kuruvita takes the helm of the Curated Plate Festival for 2025.
We had to act to avoid disaster at Whyalla, Malinauskas says
South Australian Premier Peter Malinauskas says putting the Whyalla steelworks into administration was about no less than saving sovereign steelmaking in Australia.
Pro-Medicus co-founder eyeing another seafood takeover
Pro Medicus co-founder Anthony Hall’s ambition to grow a seafood production empire continues with a bid launched to take over kingfish farmer Clean Seas Seafood.
Editor’s view: Welcome relief for homeowners – and Albo
The Reserve Bank’s decision to cut the cash rate from 4.35 per cent to 4.1 per cent won’t make a big dent in sky-high mortgage bills, but it’s still great news, writes the editor.
City skyline set to change as work starts on new People First HQ
Visitors to downtown Toowoomba would have noticed some significant construction work under way on Ruthven St. This is what’s happening.
The $50bn strategic bet that’s set to change BHP forever
The BHP of the future will be less reliant on Australia and even less about iron ore as CEO Mike Henry reshapes the miner. Is it the right strategy?
High tech jobs on offer as farm robot factory opens
A pioneering tech company has taken over part of the former Wellcamp Quarantine Facility and is churning out the next generation of autonomous farm robots that promises to help growers save money and protect the environment.
Fighting fit: BlueScope CEO’s battle plan to cut $200m in costs
Exposed to a trade war on one side and cheap steel dumping by China on the other, the boss of BlueScope goes for attack as the best form of defence.
Sanjeev Gupta targets steelworks break-even by mid-year
GFG Alliance boss Sanjeev Gupta hopes Whyalla will return to break-even by mid-year as rival BlueScope flags a potential interest in the loss-making steelworks.
Rise, fall … and collapse? The making of a Star disaster
What does the future hold for Star Entertainment Group? That’s been the billion dollar question after a decade of ups and downs. SPECIAL REPORT
Star Entertainment thrown possible $650m lifeline
Star Entertainment Group has received an offer to buy out its hefty debts, as the casino operator faces an ongoing battle for its survival. Read the details
Defence technology fund fires up amid Trump demands
Tech entrepreneur Steve Baxter says Donald Trump’s push for Western countries to spend more on their militaries will be a boon for his specialist defence venture capital fund Beaten Zone.
Westpac apologises for national online banking disruption
Westpac’s online banking outage on Sunday left thousands unable to access funds, sparking widespread frustration and forcing the bank to apologise amid growing criticism over digital reliability.
Original URL: https://www.couriermail.com.au/business/qld-business