The federal government handed it an $80 million lifeline last month, but it should have imposed stricter conditions on Rex before handing over the money.

The corporate regulator warned Treasurer Jim Chalmers it was investigating Regional Express for misleading conduct before the Commonwealth bailed out the collapsed airline.

China’s 21st-century auto technology is causing turmoil for the big established US, Japanese and European carmakers.

Vladimir Putin has long given central bank chief Elvira Nabiullina an unusual degree of autonomy to keep the Russian economy stable. But she is now under pressure.

The Australian sharemarket took a beating as investors digested stronger-than-expected employment growth, which is likely to push out the prospect of interest rate cuts further into next year.

Two major services companies have been accused of causing “direct harm” to the Australian government and taxpayers.

Some of Wall Street’s most powerful people are still celebrating the president-elect’s victory, but they should be wary.

Kyle Sandilands and Jackie ‘O’ Henderson’s foray into Melbourne has ended 2024 on a low, with their show dropping to a 5 per cent market share, while their predecessors - now on Nova - continue to dominate.

Elon Musk has become the first person to reach $US400 billion in net worth, the latest milestone for the world’s richest individual.

Victorians would be forced to replace broken gas heaters and hot-water units with electric versions from as early as 2026 under the state government’s favoured plan.