Former productivity commissioner Gary Banks has warned that Australians will miss out on a $10,000 pay rise, unless Treasurer Jim Chalmers implements the commission’s 70 recommendations.AUD -0.3% to 66.54 US centsIn New York: BHP +0.1% Rio +0.04% Atlassian -4.7%Spot gold -1.1% to $US1942.75/oz at 2.45pm in New York10-year yield: US 3.79% Australia 3.82% Germany 2.
Embattled CNN chief executive Chris Licht is out at the cable network, capping weeks of tumult within the company following a highly criticised town hall with Donald Trump and a scathing article that portrayed Licht as all but failing at his job of barely a year.
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