Eagle Waves Radio
Bulletins — 2026-10-24
News
You’re listening to Eagle Waves Radio — your daily dose of business news.
Treasurer Jim Chalmers reports that investor sentiment remains optimistic about Australia, despite some domestic challenges involving inflation and productivity. In energy news, Australia’s largest renewable project, Snowy Two Point Zero, faces delays and a staggering new cost of twenty-five billion dollars, now expected to be completed by late twenty twenty-nine.
Over in Canberra, buyers are expressing frustration with an affordable housing scheme, which they say has become a disaster due to incomplete works and contractual issues. Meanwhile, KPMG has had its ban on government work extended amid serious ethical concerns.
In other news, Alinta Energy has scrapped its $1.8 billion pumped hydro project in northern New South Wales, citing economic challenges. On Phillip Island, over fifteen hundred locals have pushed back against a proposed McDonald's, raising concerns about local impact. Finally, Cuttable has raised twenty million dollars to expand its advertising capabilities.
That's your business brief for today — stay tuned for more updates!