Eastman Kodak, the 133-year-old photography company, is warning investors that it might not survive much longer.

In its earnings report earlier this week, the company warned that it doesn't have "committed financing or available liquidity" to pay its roughly $500 million (AUD$763 million) in upcoming debt obligations.

"These conditions raise substantial doubt about the company's ability to continue as a going concern," Kodak said in a filing.

READ MORE: 'Shut everything down': Aussie boss offers unusual perk to staff

Kodak aims to conjure up cash by ceasing payments for its retirement pension plan. It also said that it doesn't expect tariffs to have "material impacts" on its business because it manufactures many of its products, including cameras, inks and film in the United States.

"In the second quarter, Kodak continued to make progress against our long-term plan despite the challenges of an uncertain business environment," said Kodak CEO Jim Continenza in the earnings release.

In a statement to CNN, a Kodak spokesperson said that it's "confident it will be able to pay off a significant portion of its term loan well before it becomes due, and amend, extend or refinance our remaining debt and/or preferred stock obligations."

Shares of Eastman Kodak (KODK) slumped more than 25 per cent in midday trading on Tuesday.

Rise and fall

The Eastman Kodak Company was incorporated in 1892, but the company traces its roots back to 1879, when George Eastman obtained his first patent for a plate-coating machine. In 1888, Eastman sold the first Kodak camera for $25.

At the time, photography was not a mass business because of the technical skills and equipment needed to do it, but the Kodak camera was designed to make photography more widely accessible. Eastman coined the slogan: "You push the button, we do the rest."

The name was largely meaningless, with the word "Kodak," according to the company, being invented by Eastman out of thin air: "The letter 'K' had been a favorite with me — it seems a strong, incisive sort of letter."

Kodak had a century of success producing cameras and film. At one point in the 1970s, it was responsible for 90 per cent of film and 85 per cent of camera sales in the United States, according to The Economist. Paul Simon's hit song "Kodachrome" topped the charts in 1973.

READ MORE: Bizarre ploy to find Sydney's mystery $100 million winner

But that powerful market position would not last because of the technology the company invented: Kodak introduced the first digital camera in 1975.

Kodak failed to capitalise on the rise of the digital technology. In 2012, it filed for bankruptcy. At the time of its Chapter 11 filing, it had 100,000 creditors and debts totaling $6.75 billion.

In 2020, Kodak had a brief moment of reprieve when the US government tapped it to transform into a pharmaceutical ingredients producer. Kodak's stock price rose so fast it tripped 20 circuit breakers throughout the trading session.

Despite its recent losses, Kodak recently said it aims to expand that part of its business. The company continues to manufacture films and chemicals for businesses, including the movie industry, and it licenses its brand for a variety of consumer products.

DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.

Productivity: it's the crucial economic principle that has helped propel Australians into some of the best living standards in the world.

But even as politicians and economists discuss it more and more, ahead of the federal government's crucial upcoming roundtable, it's something that many people still don't quite understand.

So what actually is productivity, and why are experts so concerned with it at the moment? This is what you need to know.

READ MORE: New move that could be a 'death blow' to Aussie businesses

What is productivity?

Think of productivity as working smarter, not harder.

Economically speaking, productivity is the amount of output you get from a set of inputs.

Inputs are things like labour – often measured as the number of employees or number of hours worked – and capital, while output is the amount of goods and services produced.

For a basic example, let's say a fast food outlet employs five staff, who work a combined 200 hours per week, and produces 5000 burgers over the course of that week. Its productivity would be 25 burgers per hour worked.

So, put super simply, productivity is how much stuff you get from a set amount of effort.

READ MORE: There are set to be big changes to travel in Europe. How will this affect you?

Is productivity falling in Australia?

Productivity itself isn't falling, but productivity growth is most certainly on the decline in Australia.

The Australian Bureau of Statistics' (ABS) main, top-line measure of productivity growth has fallen substantially in recent years.

In 2022-23, the 20-year average annual growth rate had fallen to 0.9 per cent, down from 1.2 per cent the year before and just half of the 1.8 per cent it was in 2003-04.

It's important to note this problem isn't unique to Australia; just about every developed country is experiencing slowing productivity.

READ MORE: Commonwealth Bank posts record $10.25 billion profit

Why does that matter?

Improved productivity is responsible for Australians' improved living standards.

It leads to higher wages, more (and cheaper and better-quality) goods and services available, bigger profits for businesses, and overall economic growth.

It also even paves the way for more leisure time; according to the Productivity Commission, the average Australian now spends five fewer hours at work every week than in 1960 due to better productivity.

But if growth continues to slow, it puts all those benefits at risk.

READ MORE: RBA hints even more relief on the way after long-awaited rate cut

To put a dollar figure on it, the Productivity Commission estimates that full-time workers will be $14,000 a year worse off by 2035 if Australia can't rediscover its previous growth and instead continues on its current trend.

"The implications of that, I think, are already being felt," RBA Governor Michele Bullock said on August 12.

"Real wages are not rising by very much, because that's the implication of slow productivity growth is that real wages can't grow as quickly.

"If we can get productivity growth up, that will allow for more growth in real wages, which is ultimately good for Australians."

READ MORE: New GST proposal would increase tax rate but include a $3300-a-year sweetener

So why is everyone talking about it now?

While economists have been discussing productivity for decades – the Productivity Commission was established in the late '90s – a few developments have thrust it very firmly into the public eye.

Most recently, the Reserve Bank downgraded its productivity growth forecasts from 1 to 0.7 per cent per year over the medium term.

That came a week out from the federal government's productivity roundtable (officially the Economic Reform Roundtable), which was announced by Prime Minister Anthony Albanese in June.

READ MORE: National push for teachers to use AI in Aussie schools

What's the deal with the government's productivity roundtable?

The roundtable, to be held from August 19-21 in Canberra, will be a three-day discussion involving business and union leaders about how to address stagnating productivity growth.

Many of the ideas put forward ahead of the summit have focused on tax (although AI, regulation, and even a four-day working week have also been discussed), following these comments made by Treasurer Jim Chalmers in June.

"No sensible progress can be made on productivity, resilience or budget sustainability without proper consideration of more tax reform," he told the National Press Club.

"I don't just accept that, I welcome it. Tax is one of many ways our three primary economic challenges are related."

READ MORE: Australia's big four banks announce rate cut plans after RBA decision

Will anything come out of it?

That's the trillion-dollar question.

Albanese has been giving mixed messages, at one point ruling out any new tax reform ("the only tax policy that we're implementing is the one that we took to the election") and reminding everyone that he and his ministers get final say on any productivity solutions ("governments make government policy").

But the prime minister has also welcomed the glut of proposals he and Chalmers have been presented with, and has insisted he's "up for big reform" – although it might be something he takes to the next election in 2028.

"We're up for discussion, and one of the things I said very clearly was we weren't going to get into the rule-in, rule-out game," he told ABC radio.

"We have a big agenda. We were elected with a clear mandate on May 3. That's our priority, delivering on that.

"But we're also up for ideas and we're up for things that can be done immediately. If they will improve the economy, then of course we'll give it consideration."

EXPLAINED: Why experts want to raise the GST

Respected economist Richard Holden, who along with independent MP Kate Chaney proposed a revised GST model for the roundtable, said it was crucial that proper reform does come out of the summit.

"That's the question: is the upcoming August 19 roundtable going to be a moment for genuinely thinking about bold ideas?" he said.

"Or is it going to be another one of these pro-forma… we have three days, we'll put out a press release and we go back to normal?

"I hope it's the former."

DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.

A homeless man accused of the murders of a pregnant woman and her partner in Melbourne's east has smiled and winked in court

Police found the bodies of Athena Georgopoulos, 39, who was five months pregnant, and Andrew Gunn, 50, in a home on Adrienne Crescent in Mount Waverley about 10pm on Monday.

Gunn was found decapitated.

READ MORE: Netflix quietly hikes up prices for Australian users

Ross Judd, 34, was arrested in what appeared to be a blood-soaked shirt seven kilometres away at Westall Station with two German shepherds just after 1.30am yesterday.

Just hours after the bodies were found, a witness posted to social media that they saw a man wiping blood off his hands and the dogs near the food counter at McDonald's Clayton.

Judd was questioned by police and charged with two counts of murder overnight.

Judd, who has no fixed address, faced Melbourne Magistrates' Court today, where he made no application for bail.

The magistrate granted prosecutors a 10-week extension to prepare their initial briefing due to the complexity of the crime scene and what they say is an abundance of evidence and DNA.

The court heard it was Judd's first time in custody and he needed to see a nurse for health concerns, but there was no reference to drug use or withdrawal.

He only spoke once to say he understood the magistrate.

He smiled and even winked at members of the media.

He was remanded to appear at Melbourne Magistrates' Court on January 13 next year.

READ MORE: Federal Court offers partial victory to Fortnite's creators over Apple and Google

An extensive crime scene remains at the Mount Waverley home today, where graffitied phrases including "betrayal" and "karma has no menu" were seen scrawled across the exterior of the property.

They were painted over this afternoon.

Neighbour Ben Scott-Sandvick found their lifeless bodies.

"I mean nobody should have to come across what I saw down there, nobody needs to, nobody needs to live knowing that this sort of thing is happening to their family," he said.

Relatives of Georgopoulos said she was so happy to have fallen pregnant after believing she wouldn't be able to.

Her mum, Petty, who was seen arriving at the scene visibly distressed yesterday afternoon, told 9News she was "just a very happy girl".

"She was very excited about the baby," she said.

"She knew her life was going to change for the better."

Georgopoulos' friend Elisha Brown described her as "happy go lucky".

"Always had a smile on her face, always cracking jokes," she said.

The relationship between the accused and the victims is not known but police say it was a targeted attack.

Detectives are investigating whether a drug debt or a dispute over pet German Shepherds was the motive behind the killings.

Detective Inspector Dean Thomas said the accused man arrived at the home before the start of a dispute, which allegedly resulted in the two deaths.

"The message here is that it appears to be a targeted attack. Our suspect is known to the address," Thomas alleged.

"We are not looking for anybody else. It appears to be isolated."

DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.

Outspoken former federal Labor leader Mark Latham has used a witness box as his pulpit, accusing a left-leaning rival of being unable to take public criticism as he defends a homosexual vilification case.

Latham gave evidence to a tribunal on Wednesday after being accused of vilification and workplace harassment by NSW independent MP Alex Greenwich.

The case centres on a sexually explicit tweet the Federal Court previously ruled as defamatory and subsequent media appearances made by Latham, who sits as an independent in the NSW parliament's upper house.

The firebrand politician did not hold back in the witness box, delivering a lengthy tirade in which he accused Greenwich of suing to try to silence him and being unable to take criticism.

"If (Greenwich) has a leak in his roof, he would stomp around his house and say 'Bloody Latham, bloody Latham'," he said.

The former state leader of One Nation delivered his rant after the tribunal let Greenwich tender a tweet sent by Latham.

The post labelled the tribunal hearing "an absurd proposition" with Latham labelling his previous criticism of Greenwich as "100 per cent true".

https://www.twitter.com/RealMarkLatham/status/1955064950008975597

It was evidence the initial post, sent in 2023, was continuing to cause Greenwich harm, his lawyers argued.

Latham's lawyer Zali Burrows earlier tried to tender late evidence, including Latham labelling his rival a "spoilt child" along with other references to his father.

Senior tribunal member Mandy Tibbey accepted only a limited amount of the affidavit after questioning its relevance, adding: "I don't really see how this helps your case."

The tribunal also knocked back a request by Greenwich's team to continue updating evidence while preparing final submissions if the alleged harmful tweets continued.

Burrows asserted it risked the matter becoming "never-ending".

"It is desirable there is a cessation of hostilities between the parties," Tibbey, the tribunal member, said.

"Mr Greenwich would very much like it to stop," his lawyer Prue Bindon said.

Outside court, Greenwich briefly outlined his desire to move on from the matter, adding he was "really relieved" the two-day hearings were over.

DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.

Category winners receive $8500, except for the first book winners, who take home $2500.

Salisbury offered to sell fantasy by the litre and meth.

Police have launched a murder investigation after a man was found dead on a footpath near Brisbane this morning.

A resident found the body of 29-year-old Trevor Doyle in a ditch between the footpath and the street in Slacks Creek, Logan, about 7am.

Detectives believe Doyle may have been meeting someone in Reserve Park off Gunungai Drive about 12 hours before his body was found with visible injuries.

READ MORE: Gruesome scene as victims of horror double murder identified

"The movements of this gentleman leading up to his death are a little bit vague, they are the subject of ongoing investigations," Detective Inspector Chris Knight said.

"There are visible injuries observed by our officers that certainly allow us to treat this as a homicide and unexplained suspicious death."

Police have cordoned off the park, where a large crime scene has been established.

Dozens of forensic officers, detectives and SES personnel were seen going through nearby bins and doorknocking local homes today as they searched for items of interest and potential witnesses.

Locals have described the park as a safe area with a childrens' playground, frequented by families.

"We've been in this house for 18 years, this is the first time something like this has happened," a local resident told 9News.

Anyone with information is being urged to contact Policelink or call 131 444.

People with information can also call Crime Stoppers on 1800 333 000.

DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.

Ministry says the recall affects sausages with a best-before date of August 17.

The upgrade has increased intensive care and high dependency beds from 10 to 16.

Convicted murderer Susan Neill-Fraser's bid to overturn a parole condition that prevents her from speaking to the media has experienced delays amid political turbulence.

The 71-year-old served 13 years behind bars after being found guilty of murdering her partner Bob Chappell, who disappeared off their yacht moored in Hobart in 2009.

Neill-Fraser, who has maintained her innocence, was released on parole in 2022. 

READ MORE: Man charged after police gun 'unintentionally' fired in dramatic arrest

She has lodged a legal challenge against a parole condition preventing her from communicating directly or indirectly with media to "claim her alleged innocence and/or wrongful conviction". 

The matter appeared before the Supreme Court of Tasmania for an administrative hearing today.

It was adjourned for another administrative mention on September 10, when it is hoped a date for a substantive hearing can be set.

Neill-Fraser's lawyer Patrick Coleridge told the court there had been some delay in the case and it was "getting a bit long in the tooth". 

The Human Rights Law Centre in April revealed it had filed legal proceedings against the "restrictive" parole condition.

Lawyer representing the Parole Board of Tasmania, Simon Gates, indicated he was appearing as a courtesy to the court and he did not have instructions from the attorney-general.

Tasmania's public sector is in caretaker mode after an election delivered another hung parliament, with a vote of MPs next week to confirm whether the Liberals or Labor rule. 

READ MORE: Telstra outage wipes out 100,000 services on NSW South Coast

Coleridge said he was seeking further disclosure of information from the parole board.

Speaking outside court, president of Neill-Fraser's supporter group, Rosie Crumpton-Crook, said slow progress in the case was disheartening. 

Neill-Fraser, who was not present in court, was initially sentenced to 26 years' jail in 2010.

She was found to have attacked Chappell on their yacht and dumped his body in the river, before attempting to sink the boat in order to get rid of evidence.

The grandmother has lodged several appeals against her conviction, including in the High Court, but all have failed. 

The Human Rights Law Centre says the media ban parole condition is improper, unlawful and in breach of the constitutionally implied freedom of political communication.

At a rally in 2024, Neill-Fraser's daughter Sarah Bowles said her mother was living with the limitations of her parole.

"She's unable to speak with you, she's unable to leave the state and has many, many limitations  on her life," Bowles told the crowd.

DOWNLOAD THE 9NEWS APP: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play.