Peter Ryan
ABC.net.au
Sydney, NSW, Australia
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Past articles by Peter:
IMF urges tough tax reforms as Australia treads 'narrow path' to avoid recession
The Albanese government is being urged to embark on a range of unpalatable economic and tax reforms to pay for massive spending already baked into its budget. → Read More
AGL shareholders overrule board to elect directors nominated by Mike Cannon-Brookes
Billionaire Mike Cannon-Brookes scores a resounding victory at AGL's annual general meeting, with all four of his independent director candidates appointed to the energy giant's board. → Read More
CBA increases profit to $9.7 billion, says most customers can cope with rising interest rates
The Commonwealth Bank announces a 9 per cent increase in profits, despite a fall in its home loan interest margins. → Read More
Reserve Bank to trial digital currency in 'limited-scale pilot' scheme
The Reserve Bank of Australia will trial its own digital currency as part of a research project to evaluate the future of Central Bank Digital Currencies (CBDC) in Australia. → Read More
New ACCC chair Gina Cass-Gottlieb vows to target price gougers, plays down Murdoch family links
The new ACCC chair says she will target retailers who try and take advantage of floods, war and the pandemic to price gouge consumers. Gina Cass-Gottlieb has also played down her recent close professional relationship with the Murdoch family. → Read More
Trillion-dollar government debt to double as borrowing costs rise, former Treasury economist warns
Josh Frydenberg is being warned that massive federal government debt from emergency pandemic spending could double in coming decades as borrowing costs rise and spending costs blow out. → Read More
Mike Cannon-Brookes and Brookfield face multiple regulatory hurdles in AGL bid
The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal. → Read More
ExxonMobil, Chevron and Toyota accused of being corporate "influencers" that are blocking action against global warming
The world's biggest oil and car firms are accused of lobbying governments to block action on climate change. And industry lobby groups like the Minerals Council and peak gas body, the Australian Petroleum Production & Exploration Association, are also named and shamed for thwarting policies to tackle global warming. → Read More
New budget airline Bonza eyes a hungry cut price domestic market with planned 2022 launch
A major US investment firm is planning to launch an Australian low-cost carrier by the name of Bonza to compete with Qantas, Jetstar, Virgin and Rex in the domestic aviation market. → Read More
Working from home likely to stay long after COVID-19 pandemic is over
Working from home is here to stay long after the COVID-19 pandemic, according to the federal government's key economic adviser, with a new report suggesting some people might even take a pay cut to remain in their home office. → Read More
New ASIC chair Joseph Longo warns about unregulated cryptocurrency trading and other economic threats to pandemic rocovery
The new ASIC chair says the corporate cop will use its teeth against big business wrongdoing, but for now is focused on scams targeting vulnerable consumers during the COVID pandemic. → Read More
'Double dip' recession can be avoided if more people get COVID-19 vaccines, NAB boss says
NAB boss Ross McEwan says a "double dip" recession is unlikely, but warns some of the bank's unemployed customers may need to consider selling their homes. → Read More
Inflation 'rebirth' threatens low interest rates even as Reserve Bank holds the line
The Reserve Bank is holding the line on low interest rates for years to come, but some economists warn the risks of an inflation "rebirth" are rising, an issue the US central bank will be discussing this week. → Read More
Australia Post announces Paul Graham as CEO to replace Christine Holgate
Australia Post announces Woolworths executive Paul Graham as its next boss, as its former CEO prepares to front a Senate inquiry into her dismissal. → Read More
AWU takes fight over fruit pickers' pay to Fair Work Commission
Evidence of widespread wages theft in the fruit picking sector could force the Fair Work Commission to close an industrial loophole that allows farms to pay foreign workers as little as $3 an hour, or $60 a day. → Read More
Calls for royal commission as report details allegations blueberry farmers pay workers $3 an hour
A royal commission into Australia's blueberry industry is being called for after a new report alleges evidence of systemic wage theft by labour hire firms recruiting international workers to pick the fruit in NSW. → Read More
Westpac settles AUSTRAC money laundering case for $1.3 billion
Westpac reaches a deal with AUSTRAC to settle more than 23 million alleged breaches of anti-money laundering laws by paying a record $1.3 billion penalty. → Read More
State Street bank hit with million-dollar money laundering fine
The Australian arm of US bank State Street is the latest financial institution to be fined for breaching anti-money laundering laws. → Read More
Virgin Australia bidder Cyrus Capital Partners withdraws
One of the two final shortlisted bidders has withdrawn its offer to buy out Virgin Australia, just days before the successful bidder was due to be announced. → Read More
ABC to pay $600k 'contrition payment' over underpayment of 1,900 casual staff
The national broadcaster reaches agreement with the Fair Work Ombudsman to make a "contrition payment" for underpaying more than 1,900 casual staff over several years. → Read More