Australian banks have been slow to reduce their involvement in deforestation, with major lenders like ANZ, Westpac, and Commonwealth Bank still financing agribusinesses linked to land clearing, which contributes to climate change and threatens biodiversity. A report by the Australian Conservation Foundation highlights the risks associated with deforestation, urging banks to eliminate such practices from their portfolios and calling for a national strategy to end deforestation by 2030.
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Postage price bump gets watchdog’s stamp of approval
The Australian Competition and Consumer Commission has approved a 13.3% increase in stamp prices for ordinary small letters, raising the cost from $1.50 to $1.70, with a final decision pending from Communications Minister Anika Wells. This increase, set to take effect on July 17, is a response to declining letter volumes, although Australia Post continues to thrive in online shopping and parcel delivery. Need More Context? 🔎
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