Thursday, November 26, 2020

Capital spending falls as business still cautious after pandemic restrictions; Telstra facing $50m fine for indigenous mobile phone plan breaches

Australian business investment fell by more than expected last quarter as coronavirus lockdowns forced firms to delay purchases of equipment, but future spending plans were upgraded in a hopeful sign of recovery. 

Also Telstra faces a $50 million fine for ripping off 108 indigenous consumers for mobile phone plans they didn't understand and couldn't afford.

Here's my analysis from The World Today



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