Qantas reported a significant underlying profit of $2.4 billion, a 15% increase from the previous year, driven by a rise in passenger revenue to $20.4 billion. Despite facing a $90 million penalty for illegal outsourcing, the airline has relaunched its “double status credit points” offer for Frequent Flyer members, aiming to boost flight bookings and customer loyalty.
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Gold Rush in Martin Place Draws Crowds
Gold prices surged to a record $3,895 an ounce amid concerns over the US government shutdown and US-Russia tensions, marking a 44% annual increase and positioning gold as Australia's third-most valuable export. Central banks are diversifying into gold, with a notable increase in retail demand in Australia, where queues form daily at ABC Bullion as buyers seek physical gold, especially ahead of the Diwali festival. Want More Context? 🔎
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