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Live: Nvidia loses title as world's most valuable company to Microsoft, UK central bank keeps rates on hold
via abc.net.au
After briefly becoming the world's most valuable company this week, Nvidia has shifted to second place following a drop on Wall Street. It comes as the Bank of England kept interest rates on hold overnight. Follow live.
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Live: Foreign buyers purchase $5b worth of residential property, ASX rises
via abc.net.au
The Australian share market is trading higher, despite losses on Wall Street that saw chipmaker Nvidia lose its title as the world's most valuable company to Microsoft. And more foreign buyers are buying up Australian residential property according to new ATO data. Follow live.
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As it happened: Foreign buyers purchase $5b worth of residential property, ASX closes higher
via abc.net.au
The Australian share market closed higher on Friday, despite losses on Wall Street that saw chipmaker Nvidia lose its title as the world's most valuable company to Microsoft. And more foreign buyers are buying up Australian residential property according to new ATO data. Follow live.
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Australia is placing a billion-dollar bet on making solar panels. It’s exciting some, and alarming others
via abc.net.au
The government knows it can't compete with China to make cheaper solar panels. But it's placing a billion-dollar bet that it can outcompete the manufacturing giant on technology to transform Australia's tiny solar industry.
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Without realising it, Marc opened 19 super accounts. He says it has halved his retirement savings
via abc.net.au
It wasn't until Marc Ypinazar fell in love with his now wife Elle Roberts, and the couple began combining their finances, that he realised his super accounts were in disarray and he was losing money. The ATO says there is $16 billion in unclaimed superannuation.
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More than four million Australians urged to track down $16 billion in lost, unclaimed super
via abc.net.au
Marc didn't know he had 19 super accounts and multiple life insurance policies. He's urging others to check their finances to avoid hefty fees eating away at the balance.
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More than 4 million Australians urged to track down $16 billion in lost, unclaimed super
via abc.net.au
Marc didn't know he had 19 super accounts and multiple life insurance policies. He's urging others to check their finances to avoid hefty fees eating away at the balance.
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Marc had 19 superannuation accounts costing him a fortune in fees. He doesn't want people to make the same mistake
via abc.net.au
It wasn't until Marc Ypinazar fell in love with his now wife Elle Roberts, and the couple began combining their finances, that he realised his super accounts were in disarray and he was losing money. The ATO says there is $16 billion in unclaimed superannuation.
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Radioactive waste comes under spotlight as Coalition moves to embrace nuclear future
via abc.net.au
Australia currently produces a relatively small amount of radioactive waste due to its limited nuclear industry, so what would happen to the waste generated by seven nuclear reactors if they were built under a Coalition government?
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Push to recycle more of the gigantic tyres put to work in WA's Pilbara
via abc.net.au
With nearly half of Australia's mining tyre waste generated in WA's Pilbara region, the focus is turning to how they can be recycled locally.
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'A dramatic change of heart': Miners realise 44,000 tonnes of tyre waste must be properly managed, recyclers say
via abc.net.au
With nearly half of Australia's mining tyre waste generated in WA's Pilbara region, the focus is turning to how they can be recycled locally.
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Sunil's Canberra cafe is struggling, but he knows his customers are feeling the pinch too
via abc.net.au
The rising cost of living is taking a toll on Canberra small businesses, as increasing operational costs combined with customers spending less leaves many in a precarious position.
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Rising operational costs and customers spending less leaving Canberra businesses in a precarious position
via abc.net.au
The rising cost of living is taking a toll on Canberra small businesses, as increasing operational costs combined with customers spending less leaves many in a precarious position.
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Former clients engage Consumer Affairs after 'heartbreaking' conduct of Ballarat Real Estate
via abc.net.au
The ABC has spoken to 10 people about their experiences with property agent Ballarat Real Estate, alleging unethical and improper conduct, and potential breaches of the law.
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Celebrity beauty brands are a billion-dollar business. Rihanna and Beyoncé's latest ventures show where it's all heading
via abc.net.au
It's hard to name an A-Lister who has yet to launch their own cosmetics line. As celebrities become less the face of brands and start becoming founders, some of the biggest names show where this billion-dollar industry is heading.
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Beyoncé can sell out stadiums – here's why she's now selling shampoo
via abc.net.au
It's hard to name an A-Lister who has yet to launch their own cosmetics line. As celebrities become less the face of brands and start becoming founders, some of the biggest names show where this billion-dollar industry is heading.
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Beyoncé can sell out stadiums — here's why she's now selling shampoo
via abc.net.au
It's hard to name an A-Lister who has yet to launch their own cosmetics line. As celebrities become less the face of brands and start becoming founders, some of the biggest names show where this billion-dollar industry is heading.
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Exploration expenditure falls in March quarter
Exploration expenditure took a hit during the March 2024 quarter, according to BDO’s recent explorers quarterly cash update.
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At Close of Business podcast June 20 2024
Justin Fris and Jack McGinn discuss the business of WAFL.
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Guzman y Gomez gives market something to taco ’bout
The ASX finished flat in quiet trading with US markets closed for a public holiday, but Guzman y Gomez shares soared 36 per cent in its debut.
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Funding needed for Yeeda Pastoral Co
Administrators of Yeeda Pastoral Company will enter another funding agreement to preserve the substantial cattle herd, the Supreme Court of Western Australia has heard.
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WA wines shine at international awards
Margaret River-based Stella Bella Wines and Fermoy Estate were among the Western Australian wineries recognised at the Decanter World Wine Awards 2024.
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Emergency gas deals to cost NT taxpayers almost $70m over two years, utility reveals
via abc.net.au
NT government-owned utility the Power and Water Corporation has revealed the territory's shortfall in gas supply cost taxpayers $43.4 million in 2023-24, and is estimated to cost another $24.3 million next financial year.
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What's a wave worth? Study finds surfing churns almost $3bn into the Australian economy each year
via abc.net.au
Researchers at the Australian National University have found the nation's surf breaks are worth a fortune to the economy as well as wave riders' wellbeing — and should be better protected as a result.
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What's a wave worth? Study finds surfing churns almost $3b into the Australian economy each year
via abc.net.au
Researchers at the Australian National University have found the nation's surf breaks are worth a fortune to the economy as well as wave riders' wellbeing — and should be better protected as a result.
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Billionaire Clive Palmer axes plans for huge vintage car museum at 11th hour
via abc.net.au
The Sunshine Coast Council was due to vote on the controversial project, but Mr Palmer's company withdrew the development application hours beforehand.
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'Deadliest corporate crime in US history': Families of victims killed in Boeing 737 MAX crashes seek $37 billion fine
via abc.net.au
The families of victims who were killed in two separate Boeing 737 MAX plane crashes are seeking a criminal prosecution and a fine of $US24.78 billion ($37.1 billion) against the aerospace company.
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Botanix receives FDA approval for Sofdra
Leederville-based medical dermatology company Botanix has received US Food and Drug Administration approval for its Sofdra gel, used to treat excessive underarms sweating.
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BHP’s Muller to lead Alcoa Australia
Alcoa Corporation has tapped the shoulder of a long-serving BHP veteran to lead its Australian division, as it draws closer to its acquisition of JV partner Alumina Limited.
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BHP’s Muller to head Alcoa Australia
Alcoa Corporation has tapped a long-serving BHP veteran to lead its Australian division, as it draws closer to its acquisition of JV partner Alumina Limited.
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'Toxic and explosive': Lithium-ion batteries are causing more than 10,000 fires a year
via abc.net.au
As state ministers get set to meet with the Minister for Environment, 7.30 can reveal the high number of fires caused by lithium-ion batteries.
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'Matter of urgency': As lithium-ion batteries explode, waste chiefs say change is necessary
via abc.net.au
As state ministers get set to meet with the Minister for Environment, 7.30 can reveal the high number of fires caused by lithium-ion batteries.
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Gas threat 'immediate' as cold spell, renewable lulls and outages squeeze supply
via abc.net.au
Gas prices return to crisis highs as cold weather, a lack of renewable energy and plant outages smash the east coast market.
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Pitch perfect from fastidious Fraser
Peter Fraser’s old-world techniques are working wonders at Yangarra Estate.
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Cathay upgrades premium economy
Cathay Pacific has taken a human-centric approach to revised seating arrangements on its Perth service.
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'We got breadcrumbs': One of Australia's biggest unions accused of pushing a bad deal for Woolworths workers
via abc.net.au
Store workers at supermarket giant Woolworths have voted in favour of a new pay and entitlements package, after a union campaign plagued by allegations of "misinformation" and "bad faith bargaining".
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'Dud deal': One of Australia's biggest unions accused of pushing a bad deal for Woolworths workers
via abc.net.au
Store workers at supermarket giant Woolworths have voted in favour of a new pay and entitlements package, after a union campaign plagued by allegations of "misinformation" and "bad faith bargaining".
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'2 cents an hour': One of Australia's biggest unions accused of pushing a dud deal for Woolworths workers
via abc.net.au
Store workers at supermarket giant Woolworths have voted in favour of a new pay and entitlements package, after a union campaign plagued by allegations of "misinformation" and "bad faith bargaining".
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Abattoirs flag growing demand for sheep meat
Meat processors are confident they can find markets to accommodate more sheep meat products from Western Australia when the federal government’s ban on live exports comes into effect in 2028.
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Small Australian wineries record 'mind-blowing' wins at Decanter awards in London
via abc.net.au
At the prestigious Decanter wine awards in London, Australian has "retained its status amongst the major global players" after recording a series of impressive medals.
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Henry to lead Green Technology
Green Technology Metals has announced Cameron Henry will transition from executive director to managing director, effective immediately.
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Henry appointed Green Technology MD
Green Technology Metals has announced Cameron Henry will transition from executive director to managing director, effective immediately.
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This iron ore mine paid no royalties for five years. Now it's closing down
via abc.net.au
Mining giant Mineral Resources, which received a five-year royalty holiday from the WA government to keep an iron ore mine open, says further taxpayer assistance would not have affected its decision to close.
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Payroll tax reform top election issue for WA business
The Chamber of Commerce and Industry WA has renewed calls for the state government to lift the payroll tax threshold amid rising wage bills for WA small businesses.
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US naval chief turns screws on ‘coercive’ China
The commander of the United States’ pacific naval fleet has accused China of unlawful and coercive behaviour while flagging the iron ore trade's potential deterrence value
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Electricity turned back on as Ecuador emerges from national outage
via abc.net.au
The South American country experienced a national outage for several hours after a single transmission line malfunctioned.
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Optus cyber attack could have been prevented four years prior, ACMA says
via abc.net.au
ACMA claims Optus should have known about a flaw in its system four years before the cyber attack that stole millions of Australians' data, but failed to fix it.
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ACCC concerns over Olam Agri cotton takeover
The Australian Competition and Consumer Commission has again raised concerns over a proposed takeover of Namoi Cotton, warning it could significantly reduce competition in the industry.
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Cyan increases offer for MMA
Cyan MMA Holdings has increased its scheme consideration bid for MMA Offshore, in a deal which would be worth around $1.07 billion.
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WA in critical minerals race, panel says
More work needs to be done in the front end development of critical minerals projects before the state can become a major player in the sector, industry experts say at a Business News event.
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