Super funds say they have lots of ‘other’ expenses
by Joanna Mather The banking royal commission has highlighted the relatively high costs allocated by industry super funds to a mysterious "other" category, as it prepares to question fund directors next month. A fifth of expenses associated with industry funds, and 10 per cent of those for retail funds, are classified as "other", these costs may…
Red Arrows air base to be sold off by Ministry of Defence as part of budget cuts
The airfield which houses the Red Arrows will be sold off by the Ministry of Defence as part of budget costs. RAF Scampton in Lincolnshire was opened in 1916 and is also famous for being the base from which the Dambusters raid was launched during the Second World War. Offloading the base is part of the…
Fresh calls for Australia to challenge Beijing’s South China Sea island claims
Labor and a former senior defence official say Australia should consider co-ordinating efforts with like-minded allies to conduct freedom of navigation patrols contesting Chinese territorial claims in the South China Sea after Foreign Minister Julie Bishop ruled out doing unilateral exercises in her strongest language yet. Ms Bishop and Defence Minister Marise Payne overnight wrapped…
Athens wildfires: Death toll rises to 24 as huge fire sweeps through holiday resorts near Greek capital
Gale-fanned wildfires raged through holiday resorts near Greece's capital, killing at least 24 people by early Tuesday and injuring more than 100, including 11 in serious condition, in the country's deadliest fire season in more than a decade.  Greece sought international help through the European Union as the fires on either side of Athens left…
What triggered the sell-off in global bond markets?
By all rights, it was a story that investors should have ignored. Late last week there were several media reports that suggested the Bank of Japan was about to take a close look at whether its policy of keeping the yield on Japanese 10-year bonds close to zero was eroding bank profitability and stifling trading…