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  • More than five million Aussies to receive cash boost in just weeks | Deeming rate changes set to …

    More than five million Aussies to receive cash boost in just weeks | Deeming rate changes set to …

    Explore the latest developments concerning More than five.

    Deeming rates set to rise, here's what it means for your pocket

    Some pensioners and income support recipients could see small reductions in their payments after the federal government announced an increase deeming rates for the second time since the pandemic.

    Deeming is a system used to estimate how much income people earn from financial assets such as savings, shares and managed funds.

    Rather than assessing actual returns, Centrelink applies standard "deeming rates" to calculate income for pension and payment eligibility.

    The Australian Government Actuary (AGA) recommended lifting deeming rates, which the federal government accepted, with an announcement on February 20 that changes would take effect from March 20, 2026. This is the same day pensions will also be indexed.

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  • Older than London’s Big Ben, Palayamkottai’s historic clock is set to chime again | Palayamko…

    Older than London’s Big Ben, Palayamkottai’s historic clock is set to chime again | Palayamko…

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    Older than London’s Big Ben, Palayamkottai’s historic clock is set to chime again

    The View From India
    Looking at World Affairs from the Indian perspective.

    First Day First Show
    News and reviews from the world of cinema and streaming.

    Today's Cache
    Your download of the top 5 technology stories of the day.

    Science For All
    The weekly newsletter from science writers takes the jargon out of science and puts the fun in!

    Health Matters
    Ramya Kannan writes to you on getting to good health, and staying there

    The Hindu On Books
    Books of the week, reviews, excerpts, new titles and features.

    The year 1854 is engraved on the clock
    | Photo Credit: Special Arrangement

    When antique clock collector Robert Kennedy and master clocksmith Nagaraj climbed the bell tower of the historic Holy Trinity Cathedral at Palayamkottai in Tirunelveli district to inspect its tower clock recently, they were thrilled to make a remarkable discovery: the timepiece predates the Great Bell of the Great Clock at the Palace of Westminster, London, nicknamed Big Ben.

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    Palayamkottai Cathedral’s tower clock older than Big Ben of London

    The View From India
    Looking at World Affairs from the Indian perspective.

    First Day First Show
    News and reviews from the world of cinema and streaming.

    Today's Cache
    Your download of the top 5 technology stories of the day.

    Science For All
    The weekly newsletter from science writers takes the jargon out of science and puts the fun in!

    Health Matters
    Ramya Kannan writes to you on getting to good health, and staying there

    The Hindu On Books
    Books of the week, reviews, excerpts, new titles and features.

    A routine inspection of the tower clock at the historic Holy Trinity Cathedral in Palayamkottai, Tirunelveli, has led to a remarkable revelation: the 171‑year‑old timepiece predates London’s iconic Big Ben by five years. Antique clock collector Robert Kennedy and master clocksmith Nagaraj, invited by the church to assess the clock’s failing chime, found that the mechanism was manufactured in 1854 by John Moore & Sons of Clerkenwell and installed in 1855 making it possibly the oldest functioning tower clock in India.

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  • Meta shares jump 10% on stronger-than-expected revenue forecast | Meta stock climbs on Q4 earning…

    Meta shares jump 10% on stronger-than-expected revenue forecast | Meta stock climbs on Q4 earning…

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    Meta shares jump 10% on stronger-than-expected revenue forecast

    Meta reported fourth-quarter earnings on Wednesday that topped estimates and issued stronger-than-expected sales guidance. The stock popped as much as 10% in after-hours trading.

    Here's how the company did, compared with estimates from analysts polled by LSEG:

    Meta said it expects first-quarter sales to come in the range of $53.5 billion to $56.5 billion, ahead of analyst estimates of $51.41 billion.

    Finance chief Susan Li said that forecast was "really underpinned by the strong demand that we saw through the end of Q4 and continuing into the start of 2026."

    The company said fourth-quarter sales rose 24% year-over-year. The company said its advertising business generated revenue of $58.1 billion for the period. Advertising made up nearly 97% of the company's overall revenue for the quarter.

    Meta stock climbs on Q4 earnings beat, plans to spend as much as $135 billion on AI build-out in 2026

    Meta (META) announced its fourth quarter earnings on Wednesday, topping analysts' expectations on the top and bottom lines.

    The company also provided its 2026 capital expenditures guidance, saying it anticipates spending between $115 billion and $135 billion in 2026, up from the $72.22 billion the company spent in 2025.

    In Q4, Meta reported earnings per share (EPS) of $8.88 on revenue of $59.9 billion, ahead of the $8.16 and $58.4 billion analysts were expecting based on Bloomberg analyst consensus estimates.

    Meta’s Reality Labs division brought in $955 million versus an anticipated $959 million. But the company also booked losses related to the segment of $6 billion. Analysts were expecting an operating loss of $5.9 billion.

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  • More than a dozen injured as truck crashes into six cars | Six people rushed to hospital after cr…

    More than a dozen injured as truck crashes into six cars | Six people rushed to hospital after cr…

    Explore the latest developments concerning More than a.

    More than a dozen injured as truck crashes into six cars

    Emergency service crews at the scene of a multi-vehicle crash at Cataract, north of Wollongong. (ABC News)

    More than a dozen people have been assessed by paramedics after a truck collided with multiple cars at a major road connecting Wollongong and south-west Sydney.

    New South Wales Ambulance said the semi-trailer collided with five cars after hitting a guardrail on Picton Road near Cataract, north of Wollongong, about midday on Wednesday.

    More than a dozen people have been treated by paramedics north of Wollongong. (ABC Penny Burfitt)

    A total of 13 people were involved and assessed by paramedics at the scene.

    Chief Inspector Norm Rees from NSW Ambulance said five of those were transported to hospital, including a male driver of a car in a serious condition.

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  • Wesfarmers puts more than 50 Priceline pharmacies into receivership | Priceline stores in limbo a…

    Wesfarmers puts more than 50 Priceline pharmacies into receivership | Priceline stores in limbo a…

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    Wesfarmers puts more than 50 Priceline pharmacies into receivership

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    The largest Priceline franchisee, Infinity Pharmacy Group, has had half of its stores put into receivership by Wesfarmers following years of financial difficulty.

    Infinity Pharmacy Group operates 120 sites nationwide, which are mostly Priceline-branded stores. Priceline’s parent, Wesfarmers, placed the 54 stores into receivership on Wednesday, but declined to state how much it was owed. This caused conflict with another creditor, listed company Paragon Care.

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    PD breaking news – Administrators appointed for Infinity pharmacies

    Wesfarmers Health CCO Richard Pearson has informed Priceline Pharmacy franchisees that receivers and administrators have been appointed for 54 Infinity pharmacies.

    “As many of you are aware, we have worked tirelessly with the Infinity Pharmacy Group (Infinity) over many years to support them to trade through significant financial challenges,” Pearson said in an open letter to franchisees.

    “Despite these efforts, Infinity’s failure to meet their financial obligations over a prolonged period, as well as their worsening debt position, has placed them in an untenable situation, threatening their ability to continue trading.”

    Receivers and managers KPMG and administrators Teneo will now take responsibility for the day-to-day operation of the pharmacies.

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  • Anika Wells claimed more than $8,500 for family travel to Melbourne during AFL grand final weeken…

    Anika Wells claimed more than $8,500 for family travel to Melbourne during AFL grand final weeken…

    Explore the latest developments concerning Anika Wells claimed.

    Anika Wells claimed more than $8,500 for family travel to Melbourne during AFL grand final weekends over three years

    Exclusive: Labor’s minister for communications and sport has stood by her use of family travel expenses as within the rules

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    Anika Wells claimed more than $8,500 in family travel expenses to Melbourne during AFL grand final weekends in 2022, 2023 and 2024, when she received free suite tickets to the matches.

    The minister for communications and sport has stood by her use of family travel expenses as within the rules, but the Coalition opposition is demanding reforms to expense rules and an inquiry into Wells’ spending by the independent parliamentary expenses authority (IPEA), which tracks and reports politicians’ spending on travel and office expenses.

    Wells spent thousands on Comcars for grand finals

    Anika Wells billed taxpayers thousands for Comcars on days when she attended NRL, AFL and Australian Open finals. (ABC News: Matt Roberts)

    Labor's Anika Wells amassed thousands of dollars of Comcar costs over three occasions when she attended sporting events.

    The minister has faced a barrage of queries over whether her use of taxpayer entitlements is appropriate.

    Dozens of MPs across the spectrum have taken Comcar trips in excess of $1,000, and Ms Wells' overall spending is not an outlier.

    Labor's Anika Wells kept a Comcar waiting while she attended sporting events on three occasions, costing taxpayers thousands of dollars, the ABC can reveal.

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    Wells charged taxpayers $1000 for car to wait while she watched tennis – for seven hours

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    Sport Minister Anika Wells charged taxpayers almost $1000 to have a government-funded Comcar wait seven hours for her while she attended the Australian Open tennis final in January 2023, in the latest example of the embattled cabinet minister’s use of travel entitlements.

    It adds to fresh reports from Monday that show Wells billed taxpayers $10,000 to fly her husband to Melbourne for the AFL grand final three times, for the Boxing Day Test two times, and to a cricket event at Prime Minister Anthony Albanese’s Sydney residence. On most occasions, her husband completed the return trip home to Brisbane on the same day.

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  • ‘We did a worse job than the others’ – Vasseur blames Ferrari set-up for ‘tough situation…

    ‘We did a worse job than the others’ – Vasseur blames Ferrari set-up for ‘tough situation…

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    ‘We did a worse job than the others’ – Vasseur blames Ferrari set-up for ‘tough situation’ in Qatar

    2025 Qatar Grand Prix: Piastri left ‘speechless’ after missing out on victory

    Ferrari Team Principal Fred Vasseur reflects on his team scoring just four points across the Qatar Sprint weekend.

    Ferrari Team Principal Fred Vasseur has conceded that they “did a worse job” than their rivals in the Qatar Grand Prix, which contributed to one of their lowest points hauls of the season.

    The Scuderia ended the weekend with four points after neither driver scored in the Sprint and Charles Leclerc could only manage P8 in Sunday’s race. They claimed fewer points on just one other occasion this season – their double DNF at Zandvoort.

    Ferrari's theory for why its Qatar Grand Prix was so atrocious

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    Ferrari thinks its terrible Qatar Grand Prix went well beyond a lack of development having pulled it back towards improved midfield Formula 1 rivals.

    Instead, boss Fred Vasseur suspects its woes on the Lusail track, which included both cars finishing well outside the points in the sprint, were related to set-up complications triggered by unusually high tyre pressures.

    Charles Leclerc and Lewis Hamilton endured a weekend that they would rather forget in Qatar as neither was able to challenge anywhere near the front. 

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    The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.

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