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Money & Work
Money & Work on InSnip: the economy, cost of living, jobs, tax and business. Source-backed Australian news snippets you read in under a minute.
Today in Money & Work 1 TVSN shopping network closes after 30 years; shutdown sale starts Tuesday Google Trends Au NSW · 6h ago 2 Suboo staff left owed $170,700 as fashion label enters liquidation Thenightly · 7h ago 3 Newcastle bank pours record $53m into tech overhaul Newcastle Herald · 8h ago
TVSN shopping network closes after 30 years; shutdown sale starts Tuesday
TVSN closes after parent company fails to find a buyer; suppliers claim they are owed thousands.
Suboo staff left owed $170,700 as fashion label enters liquidation
Sydney fashion brand Suboo entered liquidation on October 2 with about $600,000 in liabilities.
Newcastle bank pours record $53m into tech overhaul
Newcastle Greater Mutual Group invested a record $53 million in technology while posting $105 million profit in FY26.
Casual staff at University of Canberra win 17 per cent superannuation
Casual staff at University of Canberra will receive 17 per cent superannuation by 2030, the best rate in the university sector.
Consumer confidence crashes to lowest level since late 1990s after RBA rate rise
Consumer confidence hit its lowest level since the late 1990s after the RBA raised interest rates.
Barkly rare earths hits 43 of 44 holes in NT drilling campaign
The NT-based company drilled 44 holes and 43 returned significant rare earth minerals, with 30 hitting high-grade zones.
Sam Wood loses DBG Health backing after domestic violence charges
Billionaire investor Dennis Bastas ended ties with Sam Wood after domestic violence charges.
Light rail stage 2B ditches bridge-widening plan over community concerns
The bridge widening for light rail stage 2B was dropped due to community concerns about traffic and safety.
San Churro opens first Ballarat store on Friday
San Churro opens its first Ballarat location on Friday after years of community requests.
Some Australians are missing months of superannuation payments from their
Multiple Australians report up to three months of missing employer super contributions, prompting a warning to check accounts.
Manhattan Gold strikes high-grade ore in Canadian first drill
Manhattan Gold struck high-grade copper, gold, silver and zinc ore in its first drill at the Spectre prospect in Nunavut.
Book Virgin Australia flights to Europe from $1641
Virgin Australia selling return flights to Paris, Barcelona, Rome and London from $1641, bookable until end of October.
Data centre deal collapses weeks before Firmus IPO
CDC will no longer build data centres for Firmus, ending a planned 1.6GW compute project across six Australian cities.
Melbourne Airport closes 56-year-old departures ramp
Melbourne Airport closed its departures ramp Tuesday after 56 years and moved pick-up and drop-off to an undercover car park.
Lynas buys Brazilian rare earths project for $968 million
Lynas Rare Earths bought Meteoric Resources for $968 million. This deal gives them the Caldeira project. It marks a shift away from expensive hard-rock processing.
Victoria and Queensland keep credit cards for tax bills
Victoria and Queensland will absorb card processing fees to keep credit card tax payments available.
Australian lamb prices drop 2.6% as global markets soften
Australian lamb fell to 1142c/kg in September, down 2.6% from August, the largest decline among major markets.
Vuly ordered to pay fine for false countdown timers, warns of fewer Christmas
Outdoor play equipment retailer Vuly paid $39,600 in ACCC penalties for using countdown timers to create false urgency in Black Friday and Click Frenzy promotions, and says it will now run fewer sales this Christmas.
RBA cash rate rises to 15-year high as consumer confidence crashes to record low
Consumer confidence fell to 67.1 points, its 10th-lowest reading since 1973, after the RBA raised the cash rate to 4.6 per cent.
Mazda's CX-6e electric SUV arrives at $53,990
Mazda launches mid-size electric SUV, priced below Tesla and positioned to grab a third of Australia's EV market.
Rental payment platform DEFT scraps card payments for rent
Macquarie Bank's DEFT platform has stopped accepting credit and debit card payments due to new government surcharge restrictions.
Cattle producers to pay $1 more per head from 2028, if reforms deliver
Cattle Australia wants to raise the Cattle Transaction Levy from $5 to $6 per head by July 2028. This increase depends on accountability reforms being in place by July 2027.
Virgin, Jetstar and Qantas slash fares: Europe flights from $1641, Asia from
Virgin offers early-bird Europe returns from $1641, Jetstar runs Asia flights at buy-one-get-one-free prices, Qantas cuts Northern Territory routes to under $250.
China cuts phosphate exports as fertiliser prices triple
China has stopped phosphate exports. This eliminates 40 per cent of global supply. Prices have climbed to $900 a tonne.
1860s Victorian sells for $1.1375 million two days after first open home in Ballarat
A red-brick 1860s Victorian in Ballarat East sold for $1.1375 million after renovation, more than tripling its $310,000 purchase price from 2015.
Nissan X-Trail Rock Creek petrol-only in Australia as hybrid waits
The rugged Rock Creek trim starts at $48,315 with petrol power only; hybrid version available just across the Tasman.
Cheap Chinese electric cars could crash NZ used-car values
Cheap Chinese EVs priced at NZ$30,000 now compete with used petrol cars, potentially collapsing the used-car market.
Glencore trading profits set to exceed $5 billion this year
Glencore expects trading profits to go over $5 billion this year. This would be one of its best results in history.
Warrnambool disability provider ends two services, leaving 600+ participants
Southern Stay will stop plan management and support coordination services by December 2. This affects 600 and 200 users.
Recession pain hits jobs first, long before official GDP figures confirm it
Economists argue unemployment is a better early warning of recession than the official two-quarter GDP contraction measure.
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