ACCC deputy chair Mick Keogh says the deal would further entrench a lack of competition between major banks; a failure to increase university attainment could cost the economy $7 billion, analysis shows. Here’s how the day unfolded.
Thanks very much for reading Need to Know this Wednesday, August 9. Here are today’s biggest developments:: Universities have warned the national economy could be billions of dollars worse off if the rate of tertiary degrees remains stagnant.: The Australian Council of Trade Unions is targeting businesses with a national inquiry into price gouging in a push to convince the Albanese government to toughen competition policy.
: Woodside’s sale of a stake in a Western Australian LNG project to Japanese investors shows the government’s targeted interventions in the gas market have not deterred investors, says Industry Minister Ed Husic.: The government’s move to describe Israeli settlements as “illegal” under international law contradicts Labor’s previous commitments and is an attempt to appease the party’s pro-Palestine faction, says opposition foreign affairs spokesperson Simon Birmingham.
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