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Treasurer Scott Morrison is expected to address the latest figures on Wednesday morning.

Australia breaks GDP record

Australia has broken the record for the longest run of uninterrupted growth in the developed world, figures released by the Australian Bureau of Statistics have revealed.

Private equity outfit KKR has made an offer to buy Geoff Horth-led Vocus .

KKR lobs $2.2b bid for Vocus

Hard on the heels of an earnings downgrade which prompted heavy selling of its shares, the telecom company behind the Dodo and iPrimus brands has received a takeover approach from the private equity firm.

The Australian dollar got a boost after the RBA reaffirmed its expectations of strengthening economic growth.

Aussie dollar breaks through US75ยข to one-month high

The Australian dollar hit a one-month high after the release of first-quarter GDP figures, gaining a third of a cent to US75.29ยข after the ABS revealed the economy grew by 0.3 per cent, in line with consensus expectations.

Qantas CEO Alan Joyce has overseen the creation of the group's  'Avro' start-up accelerator.

Qantas share price 'will take care of itself': Joyce

Qantas' share price, which has risen meteorically this year, will continue to "look after itself" as long as the airline sticks to its cost-cutting targets and delivers consistent earnings, chief executive Alan Joyce says.

The decision will anger the nation's union movement, which has been fighting for a $45-a-week rise to the minimum wage.

Minimum wage to rise by $22 a week

Australia's lowest-paid workers will get a $22-a-week pay rise after the workplace umpire lifted the national minimum wage to $694.90.

Opportunities: National Australia Bank chairman Ken Henry and NAB CEO Andrew Thorburn.

NAB sees 'extraordinary' opportunity in regions

National Australia Bank chairman Ken Henry says the nation faces an "extraordinary" economic opportunity to develop regions outside the capital cities, as the bank bets on a long-term lift in rural Australia.

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