Thousands of workers discover they're being ripped off

• 20 mins ago

One in four Australian workers who checked their pay through a union-run online wage calculator found out they were being ripped off, with staff in the restaurant business the worst-affected.

ASX climbs to 3-month high

The sharemarket burst through 5500 to a three-month high, as commodities spearheaded a solid week of gains.

Black Friday kicks off the Christmas retail season

With less than five weeks to go, its starting to feel a lot like Christmas.

Major fuel shortage at Melbourne Airport forces flight delays, diversions

• UPDATED

A major fuel shortage at Melbourne Airport is causing flight delays and forcing some international flights to divert to make fuel stops elsewhere.

Markets Live: Bulls drive ASX above 5500

Shares extend this week's rally, led up by more gains in the big miners and a rally in Tatts, while banks slip.

We must not become 'protectionist' after Brexit, Trump: Rio CEO

Australia should refrain from adopting more protectionist policies in the aftermath of Brexit in Britain and election of Donald Trump in the United States, chief executive Jean-Sebastien Jacques says.

Watchdog orders banks to review product cross-selling

Australia's major banks must review whether staff have been setting up accounts customers did not want in order to hit sales targets, after the cross-selling scandal engulfing United States lender Wells Fargo.

Big banks 'will follow' Westpac's rate hike

Westpac Bank is the first of the majors to increase interest rates on its fixed rate home loans and investment loans, but market watchers says it likely the other majors will follow. 

Chinese property buyers return, reigniting bubble fears

The 'spring-selling' season has seen a defiant return of Chinese buyers, who are sidestepping lending restrictions and found new avenues to re-enter the market.

Caltex wage fraud: the system is broken

First it was 7-Eleven. Now, petrol station chain Caltex is under the spotlight for rampant wage fraud through out it's franchise network- as Fairfax's Adele Ferguson explains.

Banks admit breaking cartel laws

ANZ Bank and Macquarie Group are facing multimillion-dollar fines over allegations of engaging in cartel conduct over trading in the Malaysian ringgit. Vision courtesy ABC News 24.

ANZ Bank and Macquarie admit to attempted cartel conduct

ANZ Bank and Macquarie Group have admitted their traders tried to rig contracts in Malaysia's foreign exchange markets.

Surpreme Court dismisses Adani mine challenge

The Queensland Supreme Court has upheld the granting of a mining lease and environmental authority to the massive Carmichael coal mine in the state's Galilee Basin.

Black Friday shoppers seek early deals

Thanksgiving is becoming the new Black Friday with shoppers lining up across the US hoping for the best deals.

Fifteen signs you're in the wrong job

Is your job doing a job on you? Getting stuck in a position that's all wrong for you can take a massive toll on your entire life.

Union boss accused of violence steps down as leader

The management of the NSW postal union meets today to decide the future of its boss after revelations he faced domestic violence charges nine years ago.

The new workplace is agile and non-stop. Can you keep up?

In offices ranging from a museum in Sydney to a car dealership in Maine, the workforce is adopting a tech industry concept called agile computing.

Public servant's $1 million racism compo claim

A former federal public servant who says she suffered six years of racism from her boss is claiming more than $1 million in compensation from the Commonwealth.

Dutton's remarks on Lebanese dangerous

It is reasonable to consider which groups make successful migrants, to try to work out why and try to lift the less successful. It is not reasonable to individualise a generalisation. Michael Pascoe comments.

Banks, consumer groups critical of bank inquiry recommendations

Banks say a plan to name and shame employees who break the rules within five days after their breach is "unrealistic" and have hosed down support for a banking tribunal.

Apple's iPhones should still be made in China

• COMMENT

An American iPhone looks like just one more empty campaign promise. Here's why.

A350-1000 performs maiden flight

Airbus' newest plane took off on its first test flight from Toulouse-Blagnac Airport in France. Vision: Airbus

Tabcorp punts $638m on 10% stake in takeover target Tatts

Tabcorp Holdings on Friday said it had purchased control of around 10 per cent of its takeover target Tatts Group for $638 million.

Higher rates not helping EM currencies

The drop in emerging market currencies may have gone too far, though perhaps not for the Turkish lira, South African rand or Mexican peso.

'Dreadful' outlook for UK wages

UK government forecasts showed wages will stagnate for the next five years, according to The Institute for Fiscal Studies.

8@eight: The new normal continues

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The local share market is set to lift at the open.

Ross seen as next US commerce secretary

Wilbur Ross is expected to be President-elect Donald Trump's choice for commerce secretary.

How Aldi tests its products against the competition

The testing process your supermarket products undergo before hitting the shelf.

Minjar offers $1.8b for Kalgoorlie stake

Barrick Gold is reviewing the finances of a $1.8 billion bid for its half stake in the Kalgoorlie mine.