Kenneth Hayne’s report recommends that commissions should be largely eliminated from the financial sector, including mortgage broking, financial planning and insurance sales. Photograph:  Mick Tsikas/Reuters

Australia’s royal commission into its banking and finance industries was a long time coming. In 2009, the Australia and New Zealand Banking Group paid(...)

A diver swims on Australia’s Great Barrier Reef. Photograph: AP

The United Nations cultural heritage body Unesco urged Australia on Saturday to accelerate efforts to save the Great Barrier Reef, saying long term ta(...)