The country’s second-largest airline, Virgin Blue, has announced that its profit for the financial year could be as much as 75 per cent lower than forecast. Shares in the airline dropped a massive 28 per cent in Sydney to just 31 cents each. This is the largest drop the carrier ...
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Experts claim that because some of Australia’s privately run airports are natural monopolies, they could eventually become a licence to print money.
There is presently no alternative for people wishing to fly in or out of a city like Sydney other than to use its only airport. The lack of competition ...
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Centrelink has been forced to annul over a third of its decision as staff constantly get facts and legal advice wrong.
Complaints about decisions made by Centrelink skyrocketed by 104 percent in the last two years, making it the most complained about government agency in Australia, according to the Welfare Rights ...
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The number of unemployed is expected to be almost 250,000 less than forecast in the May budget, new government figures show.
The government revealed 2009/10 mid year economic and fiscal outlook on Monday which has upgraded growth forecasts, but the budget deficit is still expected to be a hefty $57.7 billion ...
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The richest man in Queensland, Clive Palmer, has been rushed to hospital after complaining of feeling faint and heart palpitations while watching his soccer team Gold Coast United.
Onlookers told of how Mr Palmer, 55, complained of heart palpitations close to the end of the game at Brisbane's Suncorp Stadium prompting ...
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Second rate rise tipped
FINANCIAL markets expect it that the odds are on for the Reserve Bank to follow up yesterday's interest rate rise with a second rise on Melbourne Cup Day, following the bank’s declaration of the recession being over.
Australia has become only the second developed nation to start raising ...
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Your local main-street travel agency may face even greater competition after online booking sites have cut their booking fees, which were usually around $50.
Travel booking websites including Expedia and ZUJI Australia have both removed booking fees on all flights.
Online ticket giant Expedia has announced that fees would be dropped until ...
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A new survey has revealed that the cost of mobile phones are chewing a bigger hole in the household budget than petrol this year, as Australians are forced to cut back on consumption on some items.
The shift in consumption has seen spending on food, gas, electricity and water increase.
The study ...
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The Commonwealth Bank is pleading with customers who took advantage of an ATM machine giving out $50 instead of $20 notes to give the money back.
The problem occurred last week at an ATM located at the bank’s Campbelltown branch in Sydney’s west, after the manager mixed up the notes and ...
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