A late slide on the ASX has muted an Omicron recovery while more nations including Australia paused overseas arrivals due to the latest coronavirus strain.
Australian company profits rose four per cent in the September quarter despite the nation being in the thick of a series of COVID-19 restrictions, which saw half the population in lockdown.
Australian shares have recorded their biggest slide in nearly two months amid rising concerns that a new coronavirus variant will affect global reopening prospects.
The Morrison government is resisting calls by business and others to fast-track the migration intake between now and the federal election amid fears such a move could hamper wages growth
ASIC has defended its handling of concerns raised ahead of the Sterling First collapse, while confirming the company’s conduct could warrant criminal charges.
Perth Festival has released a dramatically changed program for 2022 along with its first-ever 12-month financial report since becoming a stand-alone company.