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A new report shows significant economic benefits from developing Canberra Airport as an international air freight hub.

Canberra air freight set for take-off

Canberra Airport is primed to take-off as a major international freight hub if authorities accept economic modelling which shows significant benefits from shifting regional air freight from Sydney.

Hungry Jack's will expand in Melbourne.

McDonald's moves to Bourke Street

Fast food giant McDonald's will open a corner store on Bourke and Russell streets after being told its high-trading Swanston Street venue will be compulsorily acquired for the $10.9 billion Metro Rail project.

Rupert Murdoch with his sons Lachlan (left) and James.

The $10m deal Lachlan Murdoch made that is helping keep News Corp afloat

News Corp reported a $US219 million loss for the December quarter - thanks largely to $US537 million worth of writedowns on its Australian assets - but Rupert Murdoch might be wiping his brow and thanking his son Lachlan - his fellow co chairman at News Corp - for a deal 17 years ago that is helping to keep the company afloat.

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