Coles boss Leah Weckert noted that while shoppers are feeling optimistic due to interest rate cuts, cost-cutting behaviors persist, with consumers prioritizing value and utilizing loyalty points. Coles reported a 1.8% revenue increase to $44.5 billion, driven by a 4.3% rise in supermarket sales, and announced a final dividend of 32ยข per share despite a 3.5% decline in profit.
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Australia expels Iranian ambassador over antisemitic attacks
Australia has expelled Iran's ambassador and three officials, alleging Iran orchestrated antisemitic attacks in Sydney and Melbourne, including arson at a cafe and a synagogue linked to Iran's Islamic Revolutionary Guard Corps. Prime Minister Albanese described these incidents as "extraordinary and dangerous acts of aggression," marking the first ambassador expulsion since World War II, while Australia will designate the IRGC as a terrorist organization. Want More Context? ๐
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