The Summer Ahead: What you need to know about this bushfire season
The Briefing
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The Rise of the Commonwealth Bank
Annual profit has risen 5% in the last year to nearly $10.2 billion. This is a strong result that it's going to earn him a pay packet. The infuriating thing about this result is that their rise in earnings was mainly due to an increase in their net interest margins. And that's come about because of rising interest rates, which is ruining other people's lives.
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