Donald Trump says US grounding Boeing 737s

Donald Trump says US grounding Boeing 737s

Washington | President Donald Trump said America's aviation regulator will shortly issue orders grounding Boeing's fleet of 737 Max planes, reversing a position that left the Federal Aviation Authority a global outlier.Mr Trump said airlines agree with the decision and that safety remains a "paramount concern".He added the company was "incredible" and was now working…
Coalition fails to find its way through energy and environment maze

Coalition fails to find its way through energy and environment maze

Scott Morrison and Angus Taylor can keep insisting on the need to carefully consider the various submissions asking for government underwriting of new power generation. To the public, this sounds more like the inability to come up with a coherent alternative to produce cheaper energy prices as well as "more action on climate change" –…
‘It’s show time’: Apple to launch TV streaming in April

‘It’s show time’: Apple to launch TV streaming in April

The TV service is expected to launch globally, an ambitious move to rival services from Netflix and Amazon’s Prime Video. Apple’s App Store, where the service is likely to be distributed, is now available in more than 100 countries.The potential sales from a television service have become a focus of investors after Apple in January…
It’s every man for himself in rush to Coalition lifeboats

It’s every man for himself in rush to Coalition lifeboats

They issued the coal call knowing, but not caring, that it would go down terribly in places like Victoria where the Coalition's standing is already dire.When the likes of Joyce and Matt Canavan pretty much openly state, as they did this week, that they don't really care if seats are lost in Melbourne, it's confirmation…
AI-driven lending platform won’t be the end for brokers

AI-driven lending platform won’t be the end for brokers

The platform is aimed at digitising much of the process around commercial loan applications – the primary business of Global Capital – for their brokers with AI, then using the information in these forms to match a borrower to the best-suited lender.Mr West said the system could also give more accurate information regarding the fees,…
Insider trading, tax avoidance allegations levelled at Retail Food Group

Insider trading, tax avoidance allegations levelled at Retail Food Group

RFG repeatedly declined to provide the committee with important information about its operations."The lack of cooperation by both current and former RFG officers is striking, and indicative of a poor corporate culture at the company," the report said. While the committee received evidence about churning and burning in other franchise systems, the problem appears to…
Christchurch shooting to spark debate over New Zealand gun laws

Christchurch shooting to spark debate over New Zealand gun laws

The researchers found that the odds that a 22-year absence of mass shootings in Australia since 1996 gun reforms being due to chance were one in 200,000."It's very tricky because we know absolutely nothing about the shooter or shooters and what sort of guns they were using, and whether they were legally obtained or illegally…
‘We are not rich’: Retirees rally against Labor’s ‘class war’

‘We are not rich’: Retirees rally against Labor’s ‘class war’

"I do not like it when one pits one generation against another, one class against another, one race against another, it is unbecoming and that is what the Labor Party plans to do," she said. This triggered an outcry after Labor's Matt Thistlethwaite denied the characterisation.'Not just the mega wealthy'Andrew Lee, 73, says he's only…
Coalition backs down on ending trail commissions for mortgage brokers

Coalition backs down on ending trail commissions for mortgage brokers

Mr Frydenberg claimed the backflip was driven by concerns about the "impact on competition in the mortgage lending market".Labor, like the Coalition, agreed to abolish trail commissions. And like the Coalition, it rejected Commissioner Kenneth Hayne's recommendation that the borrower, not the lender, pay the upfront fee.It promised to maintain the system in which the…
An investor’s guide to the federal election

An investor’s guide to the federal election

The federal opposition Labor party has proposed a cap of 2 per cent on private health insurance premium increases.Matt Williams, a portfolio manager at Airlie Funds Management, is of the view that the insurers are already preparing for the introduction of this policy and that the question investors must ask is whether the health insurers,…