economy
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Finance sector could face climate-risk testing, says Australian watchdogRegulator says it may add climate change to the list of scenarios it asks institutions to run to check economic resilience -
All but one major bank oppose move to name executives involved in breachesCommonwealth, NAB and Westpac line up against proposed reporting policy, while ANZ says it is not opposed in principle
industries
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QantasQantasJetstar and Virgin Australia fined $745,000 over misleading pricesPenalties come after federal court finds adding or ‘dripping’ extra fees on to advertised airfares is deceptive
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BHPBHPBasing the tax purely on property makes no sense in the digital age – and can only deepen resentmentBusiness rates: this toxic row will return unless we find a fairer alternative
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ColesColesPolice join supermarket crackdown on self-service checkout theftColes says it has caught 11,000 customers stealing at self-serve checkouts across Australia over past year
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TelstraTelstraJudge orders internet providers to block illegal downloading websitesISPs must ‘take reasonable steps to disable access’ to Pirate Bay, Torrentz, TorrentHound, IsoHunt and streaming service SolarMovie
opinion & analysis
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Snap and Sorrell are wrong: powerful bosses can become untouchable insidersHowever seductive ‘unconventional corporate governance’ sounds, disasters like Polly Peck and Mirror Group remind us of the perils of an unchecked executive
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The economy has bounced back, but workers aren't seeing the benefitsThe boost to the latest GDP figures has come from commodity prices and is not trickling down into wage rises
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global view
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Markets fall ahead of ECB decisions and Mario Draghi's press conference - business liveAll the day’s economic and financial news, including the European Central Bank’s latest decision on interest rates and its stimulus package
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Hammond seems to be expecting business rates storm to just blow overChancellor’s talk of ‘medium term’ changes to property taxation suggests he has no immediate plan to tackle problem
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Energy shortages in 2018-19 without national reform, market operator warns