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.