Peter Ryan_ABC News Soundcloud

Rupert Murdoch retires, hands over to son Lachlan after 70 year reign by Peter Ryan

Qantas chairman Richard Goyder is refusing to quit as big investors and consumers demand his head over the reputation crisis damaging the airline. In his first broadcast interview since the ACCC alleged Qantas sold fares for cancelled flights, Mr Goyder has conceded big mistakes were made but says new chief executive Vanessa Hudson is preparing to mediate with 1700 hundred ground staff who were un...

Despite fifteen years of guiding Qantas through crisis after crisis, it's looking as though Alan Joyce is heading towards an inglorious end - at least in financial terms. The former Qantas chief executive is facing a potential "clawback" of his final payout .. if allegations that the airline sold fares for flights had already been cancelled are proven.

The OECD is warning that persistent inflation remains a major risk to the global economy along with deepening concerns about China's property market. The Paris-based think tank has also confirmed tepid growth in Australia over the next year in line with a global slowdown, while warning that rebounding inflation would almost certainly more more interest rates rate.

The Reserve Bank has signalled that inflation remains a clear and present danger to the economy and another interest rate rise can't be ruled out. In considering whether to inflict another rate hike on households, the RBA Board noted that inflation was "still too high" and "was expected to remain so for an extended period". Reporter: Peter Ryan, Senior Business Correspondent Featured: Michele Bull...

As Michele Bullock begins Day 2 as Reserve Bank of Australia governor, the image-softening campaign continues. First soft questions from a junior reporter as Ms Bullock walks in the front door of RBA HQ in Sydney, then a Youtube video where Ms Bullock explains how interest rates operate. May the communications revolution continue!

Malaysian renewables investor Gentari is eyeing solar, wind, battery and vehicle electrification developments in Australia to dramatically expand its renewables output by 2030. The Petronas green offshoot has already bought renewables company Wirsol for almost a billion dollars. Gentari's chief strategic communications officer Dheeraj Raina speaks with ABC's Peter Ryan about the company's global a...

"We sincerely apologise" Three humiliating words from Qantas that underscore the enormity of the High Court loss which has handed the Transport Workers Union an unlikely, but hard-fought, victory after more than a decade of industrial warfare. It's a far cry from October 2011 when then Qantas chief executive Alan Joyce grounded the entire airline — domestically and globally — in a brazen Saturday...

"We sincerely apologise" - Qantas accepts High Court loss after over unlawful outsourcings by Peter Ryan

In yet another critical blow to Qantas, the High Court has backed an earlier ruling the airline acted unlawfully by sacking 17-hundred ground services staff at the height of the pandemic. Dismissing the Qantas appeal, the High Court ruled in favour of the Transport Workers Union upholding a previous Federal Court judgement that Qantas had acted illegally in outsourcing the jobs of baggage handlers...

High stakes with High Court set to rule on Qantas pandemic outsourcing by Peter Ryan

State and federal politicians rank poorly an ethics index, just above real estate agents. A survey from the Governance Institute says while the perception of politicians has improved, they still rank in the five bottom professions. Journalists are also in the bottom ten, but rank better than social media platforms and payday lenders. Governance Institute chief executive Megan Motto speaks with ABC...

State and federal politicians rank poorly an ethics index, just above real estate agents. A survey from the Governance Institute says while the perception of politicians has improved, they still rank in the five bottom professions. Journalists are also in the bottom ten, but rank better than social media platforms and payday lenders. Governance Institute chief executive Megan Motto speaks with ABC...

The Australian Shareholders Association wants to know what the Qantas board knew about the ACCC's investigation into the "fares with no flights" scandal and what they did to mitigate the fallout. The ASA is also questions chief executive Alan Joyce's contract and whether it's subject to clawback provisions on his likely $24 million golden parachute. Reporter: Peter Ryan, Senior Business Correspond...

Corporate regulator ASIC is suing Australian Super alleging it failed to merge multiple member and continued to charge multiple fees and insurance premiums. ASIC deputy chair Sarah Court alleges AustralianSuper knew about the problem in 2018 but only began to act in late 2021. Reporter: Peter Ryan, Senior Business Correspondent Featured: Sarah Court, ASIC deputy chairman

Philip Lowe has gone out fighting in his final speech as Reserve Bank governor. Mr Lowe's warned that Australia's living standards are at risk without productivity reform. And he's taken a swipe at the media over the reporting of his now infamous signal that interest rates would stay near zero until 2024. Also, corporate regulator ASIC is suing Australian Super alleging it failed to merge multiple...

Philip Lowe has gone out fighting in his final speech as Reserve Bank governor. Mr Lowe's warned that Australia's living standards are at risk without productivity reform. And he's taken a swipe at the media over the reporting of his now infamous signal that interest rates would stay near zero until 2024. Also, corporate regulator ASIC is suing Australian Super alleging it failed to merge multiple...

A percapita recession has been confirmed in yesterday's national accounts with economic growth person going backwards in the last two quarters. While that's not a technical recession - defined by two consecutive quarters of economic contraction - Australia's economy is edging deeper into a downturn with Treasurer Jim Chalmers describing growth as "sturdy". Reporter: Peter Ryan, Senior Business Cor...

As the Qantas crisis deepens, governance expert Vas Kolesnikoff from Institutional Shareholders Services says there are big questions about Alan Joyce's bonuses. Mr Kolesnikoff who advises shareholders on how to vote at Annual General Meetings says Qantas chairman Richard Goyder should consider whether the bonuses should be clawed back or put on ice. Featured: Vas Kolesnikoff, Institutional Shareh...

Qantas chairman Richard Goyder is under pressure to claw back bonuses awarded to former chief executive Alan Joyce. Investors and superannuation funds are urging Mr Goyder to reconsider a final golden parachute of $24 million. Labor senator Tony Sheldon says Mr Goyder needs to follow Alan Joyce out the emergency exit. Featured: Tony Sheldon, Labor senator Keywords:

ABC's Peter Ryan says the Qantas board could no longer tolerate the reputational damage surrounding chief executive Alan Joyce. Rebuilding trust at Qantas is now a massive challenge for incoming chief executive Vanessa Hudson. Featured: Keywords:

Qantas chief executive Alan Joyce is retiring two months ahead of schedule as the reputational crisis at the airline deepens. Mr Joyce finishes today and CEO designate Vanessa Hudson takes over from tomorrow 6 September.

The Reserve Bank is almost certain to leave the cash rate steady at 4.1 percent when Philip Lowe chairs his final meeting as governor later today. But Judo Bank economic adviser Warren Hogan thinks there's a chance of a rate hike later this year with inflation will very high and real estate prices rebounding especially in Sydney. Featured: Warren Hogan, economic adviser, Judo Bank

Australian Shareholders Association chief executive Rachel Waterhouse says the Qantas board needs to consider a clawback of bonuses awarded to Alan Joyce and other top executives. Major investors are demanding a please explain after the competition watchdog accused Qantas of selling tickets for flights that didn't exist - risking fines totalling $250 million. Reporter: Peter Ryan, Senior business...

UK Labour whip Lord Kennedy of Southwark is visiting Australia to urge financial law reforms to help the mutual and cooperatives sector shield themselves from private equity predators. Lord Kennedy has led new legislation in the US to protect mutuals who risk having their assets stripped in private equity offers are too good to refuse.