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Market movers

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Airfares have risen as demand for travel continues to surge.

ACCC puts airlines on notice after fares hit 15-year high

The consumer watchdog has called on Qantas, Virgin Australia and Rex to keep up with demand as capacity constraints push airfares to a 15-year high ahead of the holiday period.

  • by Billie Eder
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Copyright © 2022. Market data information displayed on The Sydney Morning Herald is sourced from Morningstar and ASX and is subject to their terms and conditions as set out in our terms of use. The Sydney Morning Herald does not accept any responsibility for the accuracy and/or completeness of such data or information.

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Companies

Snowy Hydro 2.0 has been beset with cost overruns. Now its builder has collapsed.

Snowy Hydro, other energy projects face cost blow outs after Clough collapse

Administrators are hoping for a quick fire sales process to get one of the nation’s biggest builders back on its feet and to keep delivering its suite of major energy infrastructure projects.

  • by Sarah Danckert
The ACCC has instituted Federal Court action against Telstra for allegedly misleading consumers.

ACCC takes Telstra to Federal Court for ‘misleading’ customers

The ACCC has accused Telstra of neglecting to notify 8897 customers of a reduction in NBN upload speeds and failing to lower their charges accordingly.

  • by Billie Eder
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Opinion & Perspectives

Another Tuesday. Another rate rise. You should be ropeable

Normally meticulous in avoiding the limelight, RBA Governor Philip Lowe has found himself a deer in the headlights. And, despite suggestions to the contrary, much of it is of his own making.

Why the RBA delivered the Christmas present no one wanted

Within moments of the RBA deciding to raise rates again, a cast of players decried the move to double down on the inflation fight.

Elizabeth Knight
Elizabeth Knight

Business columnist

The West has escalated its attack on Putin’s war chest. Now it’s a waiting game

The cap on the price of Russian oil has come into effect. The multi-billion dollar question and the course of the war in Ukraine now hinge on how effective it will be.

Stephen Bartholomeusz
Stephen Bartholomeusz

Senior business columnist

Banking & finance

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Entrepreneurship

Plant-based raw chocolate Loving Earth is turning to crowdfunding to recapture market share and fuel future growth.

‘The market turned on us’: Chocolatier’s $485k fight to keep sweet edge

Vegan chocolate brand Loving Earth has raised half a million through a crowdfunding campaign in hopes it can outdo its competitors on supply chain transparency.

  • by Jessica Yun
Independent Reserve founder Adrian Przelozny says the collapse of FTX has shaken the confidence of both institutional and everyday crypto investors.

FTX fallout: Why running a crypto exchange just got a lot harder

The founder of one of Australia’s largest crypto exchanges says the spectacular collapse of FTX has made it harder to do business.

  • by Dominic Powell

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