Australia Business News

Turnbull plans more energy policy changes amid internal pressure

Prime Minister Malcolm Turnbull outlines further changes to his national energy policy amid increasing pressure from within his own party.

Source: Business | 19 Aug 2018 | 1:55 pm(NZT)

#MeToo in China: Buddhist monk resigns, TV star sues as movement makes a comeback

A high-ranking Buddhist monk, a famous television presenter and the head of an NGO are some of the latest men to be publicly accused of sexual offences in China.

Source: Business | 19 Aug 2018 | 12:15 pm(NZT)

Coles blames IT glitch after stores forced to shut their doors

"IT problems" which left some Coles stores across the country unable to open their doors on Sunday morning are now fixed, the supermarket giant says.

Source: Business | 19 Aug 2018 | 11:44 am(NZT)

Tesla sheds $US5.4 billion after Elon Musk's emotional interview

Shares in the electric car maker tumble as Tesla's CEO admits job stress has been getting the best of him, acknowledging he has been working up to 120 hours a week and sometimes takes sleeping pill Ambien to get to sleep.

Source: Business | 18 Aug 2018 | 2:54 pm(NZT)

Turnbull's backdown on energy fails to appease Coalition detractors

Malcolm Turnbull's decision to dump a plan to legislate Paris emissions targets fails to placate some rebels in the Coalition party room who are concerned the target could be ramped up "with a stroke of a pen" in a change of government.

Source: Business | 18 Aug 2018 | 2:05 pm(NZT)

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