'Death blow': Corals, algae don't acclimatise to more acidic seas

Coral and algae species subjected to more acidic seawater showed no acclimatisation to the new conditions for over a year, a new study has found, suggesting that vulnerable reefs may not be able adapt fast enough to cope with climate change. With oceans absorbing about 22 million tonnes of carbon dioxide from the atmosphere a…

Existing rail system shouldn't be forgotten in rush to shiny new train lines

If the first two days are any guide, Sydney's travelling public has spoken – they want more frequent and reliable train services. A staggering 140,000 people travelled on a new 36-kilometre metro line between Chatswood and Rouse Hill in the city's north west on the opening day on Sunday, forcing the private operator to quickly…

At 91, Hong Kong's second-richest man is retiring

Hong Kong's second-richest man, Lee Shau Kee, is stepping down as chairman of Henderson Land Development, joining the ranks of the city's aging tycoons handing the reins to the next generation. The 91-year-old billionaire announced his retirement from the top post before the developer's annual meeting Tuesday. While he remains as an executive director at…

Could Voda fail if ACCC wins the TPG merger case?

The Australian Competition and Consumer Commission, in opposing the proposed merger of Vodafone and TPG Telecom, has focused on the implications for competition if TPG doesn’t build the fourth mobile network. Perhaps it should have paid more attention on the implications for Vodafone if it did. As it happens, TPG, after the federal government banned…

'Wind at our backs': Morrison warns against complacency in party room meeting

Prime Minister Scott Morrison is aiming to put the government's $158 billion income tax cut to the new Parliament in the first week of July, as he urges his ministers to perform and warns his backbench against complacency. Mr Morrison set out the timeline at a Coalition meeting on Tuesday morning, where he hailed the…

'I am still here': Austrian leader ousted, vows to return

Vienna: Chancellor Sebastian Kurz of Austria and his caretaker government were ousted from power on Monday with a no-confidence vote in Parliament, as the ramifications of a secretly filmed video added to the political disarray in a European country normally known for stability. Kurz launched his re-election campaign just hours later. After about three hours…

Domino's shares hit almost four-year low on growth worries

Click:high-end fashion Fast food giant Domino's Pizza's shares have slumped to an almost four-year low over fears that slowing growth in sales and store rollouts will see it deliver lower than expected profits over the next two years. Morgan Stanley analyst Thomas Kierath on Tuesday cut his price target for the ASX-listed company's shares from…