Bloomberg Prime Minister Anthony Albanese will unveil plans for a referendum on changing the Australian constitution to set up a representative Indigenous body in parliament, moving a step closer to fulfilling a major part of his policy agenda. In a speech to the Garma Festival of Traditional Culture in Australia’s Northern Territory on Saturday, Albanese was to propose to ...

  Bloomberg Financial firms may be fined and stripped of their regulatory authorisation unless they put their customers’ needs first under far-reaching reforms from the UK City regulator. Banks, insurers and other companies will have to ensure their services are actually good for their clients and that this approach is taken at all levels of the business, Ian Searle, head ...

  Bloomberg A strong quarter from Standard Chartered Plc’s traders provided a boost to the emerging market-focused bank despite fears that a slowing global economy could squeeze its lending business. The London-based bank reported underlying pretax profit rises 7% to $1.32 billion in the second quarter, as its traders benefitted from volatility in global markets along with many of its ...