Westpac Axes 132 Jobs in Operational Overhaul
Australia's Westpac bank is cutting 132 roles in a significant operational overhaul, primarily affecting back-office and support staff, as part of a broader cost-cutting strategy.
Category : Business
120,000 Aussie investors frozen out of $1.2bn La Trobe fund
More than 120,000 Australian investors face uncertainty after La Trobe Financial froze withdrawals from its $1.2 billion Credit Fund, citing liquidity pressures and market volatility.
Reeves Rules Out Income Tax, NI, and VAT Rises
Chancellor Rachel Reeves has used her first major speech to pledge no increases to Income Tax, National Insurance, or VAT, while warning of difficult spending decisions to rebuild the economy.
Ofgem cuts energy price cap by £122 from October
Millions of UK households will see a welcome reduction in their energy costs this autumn as the regulator announces a significant cut to the price cap, driven by falling wholesale prices.
Cruise Holiday Hell: £5.5k Insurance Nightmare
A dream Caribbean cruise turned into a financial nightmare for Texas couple Baxter and his girlfriend when a sudden medical emergency forced them to abandon their holiday, leaving them fighting for insurance reimbursement.
ABC faces union fight over £350k journalist dismissal penalty
The Australian Broadcasting Corporation confronts union opposition as it contests a proposed £350,000 penalty for the unlawful termination of journalist Antoinette Lattouf, raising concerns over media freedom and employment rights.
West Midlands Broadband Voucher Scheme Branded a Failure
Frustration mounts in the West Midlands as a government scheme promising faster broadband fails to deliver, leaving communities like Sutton Coldfield in a digital dead zone.
Kingfisher Shares Dive on OECD UK Warning
B&Q owner Kingfisher hit by market turmoil following OECD's downgraded UK growth forecast, as Chancellor Rachel Reeves faces immediate economic pressure.
Eurostar chaos as Eurotunnel power failure halts services
Major disruption hits cross-Channel travel with Eurostar services cancelled and severe delays at the Port of Dover following a Eurotunnel power outage, stranding thousands of passengers.
HMRC Chases £1.5bn in Erroneous Covid Grants
New figures reveal HMRC is chasing £1.5bn in overpaid Covid grants, with billions more potentially written off, raising serious questions about government oversight.
Blackpool Tower Circus evacuated after fire breaks out
A performance at Blackpool Tower Circus was dramatically halted and the venue evacuated after a fire broke out in the ring. Emergency services rushed to the scene as smoke filled the iconic building.
Explosion Rocks European Airport: Flights Grounded
A significant explosion has caused chaos at a major European airport, prompting mass evacuations and grounding all flights. Emergency services are on the scene investigating the security incident.
EasyJet near-miss: Jet plunges 1,000ft after Geneva takeoff
An EasyJet flight from Geneva to London narrowly avoided disaster after a terrifying autopilot malfunction caused a rapid 1,000ft descent shortly after takeoff, prompting a major air safety investigation.
Toys 'R' Us Plans UK Comeback with New Stores
The iconic toy retailer Toys 'R' Us, once thought to be gone for good, is plotting a remarkable return to the UK high street following a roaring success with its new online platform.
Trump's Truth Social Soars to $6bn Valuation in Market Debut
Shares in Donald Trump's Truth Social parent company surged by as much as 59% in their first day of trading, creating a massive paper fortune for the former president despite the platform's modest revenue.
Treasury Warns Reeves: No Cash for Labour's Spending Plans
Chancellor Rachel Reeves receives a stark economic reality check from the Treasury's top official, who revealed there's no cash reserve for new spending, forcing tough fiscal choices.
Reeves vows to protect shops with new anti-crime law
New Labour Chancellor Rachel Reeves announces a major crackdown on shoplifting and assault against retail workers, pledging tougher penalties and a new standalone offence to safeguard UK high streets.
Powell Defends Fed Independence Amid Trump Pressure
Federal Reserve Chair Jerome Powell delivers unprecedented testimony, defending the central bank's autonomy amid mounting political pressure from the Trump White House over interest rate policy.
Life in Britain's 'Worst Town': A Resident's Story
Paul Routledge shares his stark perspective on the challenges facing Seaham, County Durham, after a survey labelled it one of Britain's worst places to live.
Foodhub loses tribunal over Egypt remote work dismissal
An employment tribunal rules against Foodhub for unfair dismissal after the company fired an employee for working remotely from Egypt without authorisation, sparking debate on modern work practices.
UK Summit Kicks Off New Conversation for Working Dads
A landmark London summit unites business leaders and policymakers to tackle the outdated stereotypes holding back working dads, championing flexible work and shared parental responsibilities for a modern economy.
Colorado's Rocky Mountain Metro Airport: America's Danger Zone
Exclusive investigation reveals how Colorado's Rocky Mountain Metro Airport has become a hotspot for near-misses and safety violations, raising serious concerns among aviation experts and local residents.
Britain's Most Desirable Bungalows Revealed
Discover the UK's most sought-after bungalow hotspots where downsizers are paying premium prices for single-storey living, with coastal towns dominating the list.
LA Skyscraper Collapse Simulation Reveals Earthquake Risk
A terrifying new simulation shows a 48-storey Los Angeles skyscraper collapsing during a major earthquake, exposing critical flaws in modern steel-frame designs and raising urgent safety questions for cities worldwide.
BOE's Powell: Tariffs Risk Soaring UK Unemployment
Governor Andrew Powell cautions that new trade barriers risk triggering a sharp rise in UK unemployment, urging a measured approach to economic policy.
Kingfisher profits beat forecasts as DIY boom continues
Kingfisher, owner of B&Q and Screwfix, reports better-than-expected profits as UK consumers continue DIY and home improvement projects, defying economic pessimism.
Bezos's Dad Astonished by Amazon's Success
Miguel Bezos, the adoptive father of Amazon founder Jeff Bezos, opens up about his astonishment at his son's journey from a simple garage startup to a global tech titan.
DWP tightens Universal Credit work search rules
The Department for Work and Pensions announces stricter Universal Credit conditions, requiring claimants to spend more time searching for work or risk benefit sanctions.
Gatwick's Second Runway: A Tragedy in the Making?
As Gatwick Airport presses ahead with its controversial second runway, local residents and environmental groups warn of devastating consequences for communities, climate, and countryside.
HMRC's 'Breathing Space' for 1.4M in Tax Debt
Exclusive: HMRC launches a major new initiative to help over a million individuals and businesses struggling with tax bills, offering flexible payment plans and pausing debt collection.
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