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David Jones to close half its stores
David Jones has told suppliers and staff that half of its stores will close as the receivers in charge of the embattled department store owner attempt to make the business viable again.
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Stokes fires off on gas supply fears
Ryan Stokes has fired a salvo at the federal government over its proposed gas reservation policy, following a dire Perth Basin warning from Hancock Prospecting.
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Qantas using AI as ‘Trojan horse’ for lay-offs, says union
Citing the impact of AI, the airline will send 850 back-office jobs, “mostly” to India, through professional services firm Accenture.
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ASX ticks higher as BHP rebounds, tech stocks rise; CBA, Macquarie Bank fall
The Australian sharemarket has ticked lower in early trade, tracking losses on Wall Street after a report showed US inflation was worse than expected last month, fuelling interest rate concerns.
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Austal cuts steel on Army's $5bn heavy landing craft at Henderson
Construction of the Australian Army's next-generation littoral fleet has entered a new phase, with steel cut on the first Landing Craft Heavy vessels at the Australian Marine Complex in Henderson.
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Locksley locks onto 10km copper trend in NSW land grab
Locksley Resources has grown its NSW copper-gold footprint to 1,000sq km after securing a new licence hosting an undrilled 10km geological structure on the prospective Tritton Trend.
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Labor MP faces more heat over finances
More allegations have emerged about the financial issues surrounding Labor's MP for Riverton Jagadish “Jags” Krishnan.
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David Walliams cut from star-studded kids' movie filmed in Queensland
Amid grooming accusations, David Walliams has been scrubbed from the upcoming movie, Fing!, which was filmed in Queensland and based on his 2019 children's book.
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Peruvian copper muscle drives US$50M earnings bonanza for Rio2
TSX-listed Rio2 Ltd banked US$115M in quarterly revenue and US$50M in EBITDA as its Peruvian copper mine delivered and its weather-affected Chilean gold continued to ramp up in Chile.
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NRW lands $240m data centre contract
NRW Holdings has added further depth to its emerging data centre portfolio, courtesy of another contact secured by its subsidiary Fredon.
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David Jones tipped to halve store network
Receivers in control of David Jones are reportedly set to announce the closure of half of the national retailer's store network as they restructure the 188-year-old business.
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Significant number of David Jones stores set to close
The retailer, which has 38 stores nationally, was placed in voluntary administration less than a week ago. Staff in the affected locations are being briefed.
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Half of David Jones's stores set to close
The retailer, which has 38 stores nationally, was placed in voluntary administration less than a week ago. Staff in the affected locations are being briefed.
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Breaking: Significant number of David Jones stores set to close
David Jones's receiver is set to close a significant chunk of the retailer's department stores.
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David Jones set to announce store closures today
Suppliers have been informed to brace for news on store closures within hours.
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Investors lead record fall in housing finance
A record plunge in investor borrowing has spearheaded the biggest-ever quarterly decline in home loans as rising interest rates, recent tax changes and falling prices bear down on the property market.
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Wage earners near top and at bottom hardest hit by bracket creep
New analysis shows people who earn about $45,000 or $190,000 are the worst hit by bracket creep, the phenomenon that results in taxpayers being stung with higher rates over time.
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JP Morgan to open Perth office in 2027
Wall Street banking major JP Morgan will open an office in Perth in 2027, expanding its presence in a mining capital it has identified as a growth market.
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‘Significant damage’: Transport minister warns Qantas over AI job cuts
The airline will send 850 back office jobs, “mostly” to India, through professional services firm Accenture.
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Big bank's profit up despite home loan applications dip
Australia's biggest bank has increased its quarterly earnings even as home loan applications fell, with high inflation and interest rates continuing to weigh on the wallets of households and businesses.
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Trump’s Fed nightmare: Rates won’t be slashed. They could surge now
The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.
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China's trade surplus surpasses $US1 trillion for second straight year
Chinese exports surged 35 per cent last month, with the country on track to surpass the $US1.2 trillion trade surplus it achieved last year.
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China hits $US1 trillion trade surplus as exports to US surge
Chinese exports surged 35 per cent last month, with the country on track to surpass the $US1.2 trillion trade surplus it achieved last year.
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It’s high time to take the words ‘Spirit of Australia’ off the Qantas fleet
When bonuses are tied to profits, company leaders make short-term decisions that benefit themselves.
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I can tell you why Qantas sent 850 jobs to India in just two words
When bonuses are tied to profits, company leaders make short-term decisions that benefit themselves.
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Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million
The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.
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Capability X takes AI brains to the industrial jungle
Perth AI developer Capability X is heading to the ASX with $12 million in the bank and multiple devices deployed, with technology targeting industrial safety and automation.
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Gold miners lead ASX lower as Wall Street slumps on inflation report
The Australian sharemarket has ticked lower in early trade, tracking losses on Wall Street after a report showed US inflation was worse than expected last month, fuelling interest rate concerns.
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CBA’s late mortgage payments tick up as interest rate rises bite
Data from the Commonwealth Bank of Australia attributed the small increase in the number of people struggling to inflation and rising interest rates.
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Alarm bells were ringing for David Jones months before collapse
Talks about the department stores financial troubles and restructuring scenarios started months ago, a report to creditors says.
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