Australia’s big four banks could be reduced to one within a decade, in an extreme scenario, as Western countries follow moves in China towards the mass adoption of social media-based payment systems, according to a New York University professor visiting Perth.
A new wages deal for public sector workers that offers an extra holiday and superannuation payments during unpaid leave had been approved by workers, two months after Business News revealed the public sector union had claimed the deal broke the state government’s pay policy.
Eight protesters were arrested at state parliament today as members of the Extinction Rebellion group took their climate change activism to the next level, with a sitting in the legislative assembly brought to a standstill.
The state government’s Westport taskforce has concluded that all container shipping should be moved out of Fremantle to a new land-backed port in Cockburn Sound, to be built at a cost of about $4 billion.
The head of the Department of the Premier and Cabinet has been accused of an “extremely serious intentional breach of parliamentary privilege” by a parliamentary committee chaired by Labor's Kate Doust for his actions during a Corruption and Crime Commission investigation.
Infrastructure Australia has dramatically scaled down the expected cost of road congestion in Perth, mainly because of lower population growth, but has warned about the impact of continued urban sprawl.
Labour and capacity constraints in South Australia could lead to cost blowouts and delays in the building of new naval vessels, Premier Mark McGowan said today, as he lobbied federal counterparts to move more maintenance work for existing submarines out west.
SPECIAL REPORT: Business News spoke to green advocates to explore how the petroleum industry might find common cause with the environmental movement, as pressure builds on billions of dollars of projects.
A rebound in the local retail sector may be on the horizon, after Western Australia recorded the second largest rise in retail spending among states and territories, according the latest Australian Bureau of Statistics data.
Andrew Forrest’s Minderoo Group has narrowed the choice for the preferred design to replace the Indiana Tea House on Cottesloe Beach, after two of the four designs received strong support from the public and the competition jury.