AGP Executive Report
Last update: 7 hours agoAustralia Post: The $18.2 million purchase of 500 electric delivery trikes is under scrutiny after the fleet was pulled from service over safety and performance concerns. Australia Post plans to return 150 modified vehicles to trial operations; the rest remain sidelined. Retail: David Jones has entered voluntary administration after rent talks collapsed, putting more than 6,000 jobs at risk. Its 38 stores will keep trading while administrators explore a sale or restructuring. Cost of Living: The RBA has raised rates to 4.85% and warned that public confidence in its inflation fight is slipping. Household spending rose 0.6% in September, before the latest rate rises fully hit budgets. Environment: Researchers have launched a major Great Barrier Reef restoration trial, aiming to deploy up to 120,000 coral-seeding devices this season. Motorsport: Australian F1 great Alan Jones, the 1980 world champion, has died aged 80.
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