Economy
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More than 10,000 jobseeker payments may have been wrongfully reduced or cancelled, government says

Thousands of people may have had their social security payments wrongly reduced or cancelled because the mutual obligations system was not “operating in alignment with the law”. On Friday, the Department of Employment and Workplace Relations (DEWR) announced it had paused more payment reductions and cancellations, with more than 10,000 people understood to be affected.…

Earnings
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FedEx cuts full-year results forecast on ‘uncertainty’ in economy, bad weather

A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on Feb. 12, 2025 in Miami, Florida. Joe Raedle | Getty Images FedEx lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading…