Community versus profit – the short-term rental dilemma

New holiday rental rules recently introduced by the state government promise more uniform regulation for short stays, but also highlight the delicate balancing act between managing short-term rentals and creating livable communities. Recent changes to Western Australia's planning regulations include the introduction of a state-wide register for all short-term rental properties, planning exemptions for hosted … Read more

Medtech Cochlear forecasts profit growth of up to $430 million for this fiscal year

Medical technology group Cochlear expects profits to rise by up to 11 percent this year as demand for cochlear and acoustic implants continues to grow. Cochlear said it aims to help more than 50,000 people hear with a cochlear and acoustic implant in the current fiscal year. The company expects underlying net income to be … Read more

Technology boost helps Norwegian sovereign wealth fund make $209 billion in profit

Norway's sovereign wealth fund, the world's largest, posted a profit of 1.48 trillion Norwegian krone (209 billion Australian dollars) in the first half of 2024, while global stock markets rose. The fund's equity portfolio returned 12.5 percent between January and June, while the fund's fixed-income securities and real estate suffered losses of 0.6 percent and … Read more