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Money & Work
The latest Money & Work stories on InSnip, each a source-backed snippet you can read in under a minute. Pure signal, no noise.
House approvals rise as higher-density homes fall
May approvals split sharply: private houses rose 2.8%, while other private dwellings fell 10.4%.
ACCC starts watching supermarket prices under new rule
The regulator is monitoring Coles and Woolworths under an excessive-pricing ban that began on 1 July.
Germany's lowest-paid workers are the least likely to have union wage protection
A 2021 study found just 34% of German workers in the lowest wage decile were covered by collective agreements, versus over 60% in the middle.
Car maker admits selling wrong year vehicles to 1,200 people
BYD admits selling 1,200 electric and hybrid vehicles from the wrong model year to Australian customers.
ASX uranium stocks surge after Australia and India sign nuclear supply deal
A new Australia-India civil nuclear supply agreement sent ASX uranium stocks broadly higher on the last trading day of the week.
ASX snaps losing streak but ends week lower
The Australian sharemarket ended the week lower despite a Friday rally driven by a notable increase in mining sector stock valuations.
WA home builds take 12-18 months; non-brick construction could halve the wait
WA home construction averages 12 to 18 months, but non-brick frame methods could cut that timeline by up to half.
Twiggy Forrest tells Fortescue staff harassers are 'in the wrong company'
Forrest emailed all Fortescue staff warning that sexual harassment has no place at the company, following a class action.
Four changes hitting Australian businesses from July 1
Payday superannuation, minimum wage rises, SMS sender ID rules, and tax changes all take effect for Australian businesses on July 1.
Juice Maker Fined $250,000 After Third Forklift Crash Left Worker Without Toes
Real Juice Company was fined $250,000 after an untrained forklift driver struck a worker in the site's third forklift incident.
Dateline chairman backs US minerals play with $1.95M personal stake increase
Dateline Resources' chairman injected $1.95M personally to raise his stake to 15.3%, backing the company's US gold and critical minerals assets.
IMF warns global public debt could reach 100% of GDP by 2030
The IMF warns public debt is rising in 80% of world economies post-pandemic and could hit 100% of global GDP by the end of this decade.
Airwallex Raises $460 Million, Pushing Valuation to $16 Billion
Airwallex has closed a $460 million funding round that lifts its valuation to $16 billion, up from $12 billion just months earlier.
Mecca doubles its Chadstone footprint with a new 2,400sqm destination store
Mecca will open a 2,400sqm destination store at Chadstone Shopping Centre before the end of 2026, more than doubling its existing retail footprint at the complex.
Australian businesses must register SMS IDs by July 1 or texts look like scams
From July 1, unregistered Australian business texts will be labeled 'Unverified', making them indistinguishable from scam messages to customers.
Crown Estate earns £1.2bn for third year running, two-thirds from offshore wind
The Crown Estate made £1.2bn in profit for a third consecutive year, almost triple its earnings three years ago, with offshore wind driving two-thirds.
Six over-50s lifestyle resorts descend on one small Australian beach town
Four over-50s lifestyle resorts are already approved for one coastal town, with two more under assessment, splitting the community.
Ryanair drops its £8 fee for parents to sit next to their young children
Ryanair will stop charging parents £8 each way to guarantee a seat beside their young children.
UK Halves Tariff-Free Steel Quota from July 1 to Counter Chinese Oversupply
From 1 July the UK will halve its tariff-free steel import quota and double the duty on excess imports, mirroring simultaneous EU restrictions.
SA Nurses and Midwives to Receive 16% Pay Rise by Mid-2028
South Australian nurses and midwives will receive a 16 per cent pay increase by mid-2028 under a new deal backed by their union and the state government.
Oil Prices Return to Pre-Iran War Levels After Hormuz Closure Turbulence
Oil prices have retreated to pre-war levels after Iran's effective closure of the Strait of Hormuz triggered a sharp energy spike.
Li-S Energy Adds Sovereign Lithium Foil Line and Completes First Sale
Li-S Energy has launched sovereign lithium foil production in Australia and completed its first commercial sale of the material.
Judo Bank shares crash nearly 40% after disclosing a cluster of bad loans
The specialist small business lender revealed a concentration of bad debts and flagged rising risk management costs, sparking a nearly 40% share price fall.
Mineral Resources closes Lucky Bay mine, cutting 110 jobs from Kalbarri
Mineral Resources is shutting the Lucky Bay Garnet Mine, eliminating 110 jobs in and around the coastal town of Kalbarri.
Australia's Jobless Rate Dips to 4.4% but Labour Market Shows Cracks
Australia's seasonally adjusted unemployment rate fell to 4.4% in May 2026, down from 4.5% in April, though analysts see signs of underlying softness.
Analyst Lifts Tungsten Mining Valuation to 91c on Near-Term Production Study
MST raised its valuation for Tungsten Mining from 69c to 91c per share after a study indicated near-term production potential.
Fed stress test finds major US banks strong enough to survive a severe recession
The Federal Reserve's annual stress test found that large US banks could withstand a severe economic downturn while maintaining lending to households and businesses.
Bob Iger reveals Disney pursued Apple, Twitter, and James Bond in failed deals
In an FT exit interview, former Disney CEO Bob Iger confirmed the company pursued Apple, Twitter, and the James Bond franchise but walked away from all three.
True North Copper folds Mongoose into Cloncurry, targets Q4 study
True North Copper has absorbed the Mongoose project into its Queensland Cloncurry operation and is targeting a pre-feasibility study in Q4.
Australian activewear brand Stax enters receivership
Stax, an Australian activewear brand known for black tights and fleeces worn by celebrities, has entered receivership.
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