BREAKING: GDP has grown to 0.4 per cent in the September quarter, bringing Australia’s annual growth to 1.7 per cent. MORE:
House prices on fast-track to recoveryHouse prices set to rise after auction boomMarkets are in a 'high risk, low return world'Sales tax hike hurts Japanese retail'Low building approvals' adding to market stabilisationAustralia's big banks 'suffer from hubris'Thanksgiving gobbles up Aussie market gainsS&P warns stimulus spending could risk Australia’s AAA rating'Changes at the top is what the market wants' from WestpacFrydenberg reveals $520m business...
Sky News Business Editor Ticky Fullerton says Brian Hartzer stepping down as CEO of Westpac was “an issue about reputation” and it was “literally untenable”.Embattled Westpac Chief Executive Brian Hartzer has played down the bank's child exploitation and money laundering scandal to his executives. Harvey Norman CEO Gerry Harvey has criticised his own board after they voted for a second consecutive strike on executive pay at an annual general meeting on Wednesday.The Federal Health Minister Greg Hunt has told private health insurers planned price rises are too high.
New analysis has warned higher immigration could be a large reason why Australia’s wage growth is so weak.Despite record low interest rates across the world, global markets “are less volatile than usual,” according to Blackrock President Rob Kapito.
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Folau and Rugby Australia to settle dispute on Monday | Sky News AustraliaRugby Australia and Israel Folau are meeting at the federal court on Monday to settle a dispute following the rugby players termination earlier this year.\n\nIsrael Folau stirred controversy recently by claiming ongoing bushfires in New South Wales and Queensland were 'God's punishment' for the legalisation of same sex marriage in Australia.\n\nRugby Australia said the ongoing commentary and Mr Folau's refusal to apologise, reinforces their decision to terminate the embattled rugby union player's contract. \n\nEarlier this year, Rugby Australia terminated his multi-million dollar contract after a series of inflammatory posts on social media.\n\nImage: News Corp Australia
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Australia ‘is not obliged’ to provide a better life for boat people | Sky News AustraliaSky News host Peta Credlin says while it is understandable boat people, most of whom are economic migrants, want a better life, Australia is under “no obligation to give it to them”. \n\nMs Credlin said, “just like a sore that won’t heal… the medevac ramifications get worse each day these laws remain in place”.\n\nOn Monday, it was reported more than 20 refugees had been flown to Australia under the controversial medevac laws even though they were approved for relocation to the United States. \n\nAn Iranian man, accused of setting an accommodation block alight on Manus Island, will also be moved to the country on mental health grounds, according to The Australian newspaper. \n\nMs Credlin said it was critical to remember “that Labor is to blame” for this legislation and for “boat people” attempt to enter Australia.\n\n “Labor is soft on borders and will find almost any excuse to allow asylum seekers, even those proven not to be refugees, to come to Australia”. \n\nImage: News Corp Australia
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Australia is ‘not getting any smarter’ over climate change | Sky News AustraliaSky News host Chris Kenny says “we are not getting any smarter” when it comes to climate change, saying the debate gets “dumber and dumber”.\n\n“There has always been more politics, more posturing, and more emotion in these debates than there has ever been facts and reason,” he said.\n\nMr Kenny accused the ABC of “telling outright lies about this year's fires being ‘unprecedented’ and about conditions being worse than ever”.\n\n“We pay these people,” he said.\n\n“They retain relevant information like goldfish while flapping around like seals.”\n
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Australia has a 'real problem' with 'hardened terrorists' | Sky News AustraliaSky News host Peta Credlin says the London Bridge terror “atrocity” has shown lawmakers that “hardened terrorists” can’t just be “released back into the community” after their jail term has finished.\n\nIt follows recent comments by Jeremy Corbyn saying convicted terrorists should 'not necessarily' automatically serve their full prison sentences. \n\nThe Labour leader's remarks came in the wake of Friday's London Bridge terror attack, which left two people dead. \n\nThe perpetrator - Usman Khan - was a former prisoner - convicted of plotting to bomb the London Stock Exchange and had been freed from jail for almost a year when the attack took place.\n\nThe Sky News host said she has been “highly critical” of the effectiveness of deradicalisation programs for convicted terrorists. \n\nMs Credlin noted the “increasing evidence” showing few released terrorists “really repent of their crimes or drop the evil ideology behind them”. \n\n“So, what are we going to do about hardened terrorists, who still believe in death to the infidel, once their sentences are over?” Ms Credlin said. \n\n“So far the only thing we know that works is to keep them locked up”.\n\nImage: Getty
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Thousands injured in Iraq protests | Sky News AustraliaSecurity forces in Iraq have used tear gas and bullets against protesters, injuring thousands. \n\nThe country's parliament voted to accept the resignation of the Prime Minister Adel Abdul Mahdi after weeks of violent anti-government demonstrations.\n\nAdel Abdul-Mahdi's announcement was broadcast on Iraq's state television, just over a year after he took office.\n\nIt comes a day after more than 40 protesters were killed by Iraqi security forces, and hours after the country's top Shia cleric, Grand Ayatollah Ali al-Sistani, called for a change in leadership.\n\nImage: AP
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House prices on fast-track to recovery | Sky News AustraliaHouse prices across the country are on fast-track to recovery after the national property market had its busiest week since March 2018.\n\nMore than 3,000 properties went under the hammer across capital cities last week.\n\nHouse prices have risen at their fastest pace in 30 years, according to November sales figures published in The Australian. \n\nDwellings rose 2.7 per cent in Sydney, followed by Melbourne, Brisbane and the Gold Coast. \n
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