Worth

Senior manager at supermarket giant gives evidence on day two of case brought by the Australian Competition and Consumer CommissionFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA senior Woolworths executive has defended relaxing rules designed to protect shoppers from misleading discounts by preventing the supermarket or suppliers from “gaming” the “Prices Dropped” promotional program.Woolworths’ chief commercial officer, Paul Harker, gave evidence on the second day of a landmark trial between the Australian Competition and Consumer Commission and Woolworths in the federal court on Wednesday. Continue reading...

The trial between the Australian Competition and Consumer Commission and the supermarket giant began in the federal court in Sydney on TuesdayFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastWoolworths engaged in “marketing magic” to trick customers into thinking they were getting genuine discounts as part of the supermarket’s “Prices Dropped” promotion, the consumer regulator has told a court.The landmark trial between the Australian Competition and Consumer Commission (ACCC) and Woolworths began in the federal court in Sydney on Tuesday, almost two months after hearings ended in its very similar case against Coles. Continue reading...

Vinegar, Tim Tams and baby rice are among the products to be scrutinised in the Australian Competition and Consumer Commission’s caseGet our breaking news email, free app or daily news podcastThe consumer watchdog is back in court and taking on Australia’s largest supermarket chain, alleging Woolworths deliberately misled shoppers with fake discounts.The Australian Competition and Consumer Commission’s (ACCC) case against Woolworths begins in the federal court in Sydney on Tuesday, almost two months after hearings wrapped up in its very similar case against Coles. Continue reading...

Landmark ruling finds Wright Prospecting successfully made out its contractual claim to 50% of past and future royalties from Hope Downs iron ore projectGina Rinehart’s Hancock Prospecting has lost its bid to retain royalties from the mammoth Hope Downs iron ore project and will be forced to pay Wright Prospecting half of its earnings from the project, worth hundreds of millions of dollars.In a landmark ruling in the Western Auestralia supreme court on Wednesday, justice Jennifer Smith said that Wright Prospecting had successfully made out its contractual claim to 50% of past and future royalties paid from the project. Continue reading...

Kevin Warsh, seeking to replace Fed chair, Jerome Powell, had to file financial disclosures for Senate approvalKevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures that suggest he holds assets worth well over $100m.The document is required for his nomination to advance through the Senate, beginning with a yet-to-be-scheduled hearing. Continue reading...

Four masked men entered the villa of the Magnani Rocca Foundation, near Parma in northern Italy, and made off with the artworks Thieves stole paintings by Renoir, Cézanne and Matisse from a museum in Italy a week ago, police have said.Four masked men entered the villa of the Magnani Rocca Foundation, near Parma in northern Italy, and made off with the artworks on the night of Sunday 22 March, a police spokesperson said, confirming a report on the Rai television network. Continue reading...

Exclusive: Findings cast doubt on claims new drilling would help cut bills and boost energy security, researchers sayHundreds of licences granted for new oil and gas projects in the North Sea under the Conservatives have so far produced only 36 days’ worth of gas, according to analysis.Research by the energy consultancy Voar and the campaign group Uplift found that between 2010 and 2024, the government handed out hundreds of new North Sea oil and gas licences in seven licensing rounds. Continue reading...