business

Binance funds Andrew Bragg’s trip to San Francisco

The precise days of this June trip, for “digital asset meetings”, are unknown. Bragg updated the Senate register of interests on July 13. Last year, Britain’s Financial Conduct Authority announced that Binance is prohibited from conducting any regulated activity in Britain and warned consumers about firms advertising and selling investments in crypto-assets. Around the same …

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BITRE data reveals WA’s Broome Airport has worst flight delays in Australia

A popular tourist town in WA’s far north has been outed as having the worst airport delays in Australia, according to new data. A monthly report by the Bureau of Infrastructure and Transport Research Economics has revealed that Broome experienced the lowest percentage of on-time arrivals and departures this June, with a little over 30 …

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Bank of England’s half a point interest rate rise will go down in history

Instead, the Bank of England’s announcements are being seen so far as refreshingly direct and honest. They are also acting as a catalyst for serious discussions and analysis and, as important, deeper consideration of what is being proposed by the two candidates for prime minister. ‘Trusted adviser’ The Bank of England is reminding the world …

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New 2025 Land Rover Discovery set for luxury reinvention

Land Rover‘s forgotten child, the Discoveryis set for a major reinvention under Jaguar Land Rover’s Reimagine strategy to halt sliding sales that are partly down to the introduction of the Defender. Speaking to Auto Express, CEO Thierry BollorĂ© said, “We are completely reinventing Discovery. We believe there is a space for it, but we have …

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Ministers to put environment back into energy market rules in landmark move for renewables

State and federal energy ministers are poised next week to put the environment back into the country’s National Electricity Objective in what will be a landmark move to underpin the shift from fossil fuels towards 100 per cent renewables. The lack of environment in the NEO – mysteriously dropped at the last minute by the …

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$51m Maitland pub sale sets national record for regional hotel

In addition, he said the existing operator had done a “really good job” with the Windsor Castle Hotel. “It’s a big pub with a good bistro, strong local following and diversified earnings, which will continue to grow,” Mr Cornforth said. Harvest Hotels are not the only ones seeing value in pubs in regional towns. Rich …

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Move over Qualitas, Apollo writes a $1b check to MaxCap

While Melbourne real estate house Qualitas is the talk of the town thanks to its eye-watering mandate, rival MaxCap has gone one better. MaxCap’s investments include a $97 million debt facility to Franze Developments’ Geelong Quarter in the regional Victorian city of Geelong. Not to be outdone by Qualitas’ $700 million from ADIA, MaxCap is …

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Canva’s Cliff Obrecht lost billions last week. But it’s all just ‘noise’ to him

In an email to staff seen by The Sydney Morning Herald and The Age Canva told staff it has $US700 million in the bank, is still hiring and unlike the vast majority of its tech start-up peers, is profitable. Loading “We had planned to dip out of profitability this year to invest in further accelerating …

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