Australia Announces Record Oil Reserve Release
The Australian government has announced a record release from its Strategic Petroleum Reserve to stabilize domestic fuel prices amid global supply disruptions.
Category : Business
Atlassian CEO Slashes Jobs as Company Embraces AI
Atlassian's CEO has announced significant job cuts as the company shifts focus towards AI integration, sparking discussions on workforce transformation in the tech sector.
Barossa Hotel Costs Double, Cafe Closed in 'Slug' Plan
Construction costs for the controversial 12-storey Barossa hotel, nicknamed 'The Slug', have nearly doubled, with owner Warren Randall temporarily closing a cafe and cellar door.
Perth Trophy Tower Sale Could Fetch $200 Million
A prime commercial tower on St Georges Terrace in Perth is up for sale, expected to attract bids around $200 million, with speculation on Andrew Forrest's potential interest.
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Broader Strategy Needed to Limit Fuel Crisis Damage
An editorial calls for a comprehensive national plan to address Australia's fuel crisis, emphasizing the need to limit economic and social impacts through coordinated action.
Chicken Treat Applecross Closes, $60M Office Complex Approved
A popular Chicken Treat store in Applecross has permanently closed after its lease expired, making way for a $60 million office complex that will also replace a Hungry Jack's.
Paul Everingham Named Mineral Resources Strategy Director
Mineral Resources appoints Paul Everingham as Director of Strategy and Growth, succeeding Tim Picton, who passed away recently. The move aims to bolster the company's strategic direction.
ASX Energy Stocks Jump 30% on US-Iran War Fears
Australian energy companies listed on the ASX have seen share prices rise by as much as 30% following escalating tensions between the US and Iran, which have driven up global oil prices and market volatility.
Nightclub Boss Yusuf Khan's Tax Debt in WA Supreme Court
The alleged Australian Tax Office debt of Yusuf Khan, owner of Library Nightclub, has surfaced in the WA Supreme Court, raising questions about his business dealings.
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Hunter Mining Compared to Germany's Net Zero Valley
The Hunter mining area in Australia is being likened to Germany's Lusatia region, a former coal hub now transitioning to renewable energy and green industries.
Clough Mourns Sudden Death of CEO Peter Bennett
The engineering firm Clough is in mourning following the unexpected passing of its chief executive, Peter Bennett, who died suddenly, leaving the company and industry in shock.
Inquiry into Newcastle's Midtown Entertainment Precinct Plan
A public inquiry has been initiated to assess the proposed special entertainment precinct in Midtown Newcastle, focusing on community impact and urban development.
Saffioti: Multi-Generational Living and Stamp Duty Relief for Housing
WA Treasurer Rita Saffioti advocates for multi-generational living and hints at more stamp duty relief to address Perth's housing crisis, amid budget talks and political debates.
Ferry Worker Loses Unfair Dismissal Case Over Sick Days
A Brisbane CityCat ferry worker has lost her unfair dismissal claim after being fired for taking 114 sick days in one year due to medical conditions.
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Australian Cruise Ship Grounds on PNG Reef in Navigation Mishap
A preliminary investigation reveals a luxury Australian expedition cruise ship ran aground off Papua New Guinea after missing a critical turn, with navigation delays and poor visibility cited as key factors in the incident.
Chinese Tourists Die in Queensland Floodwaters During Road Trip
Two young Chinese tourists, Qingwei Qiu, 26, and Yuchen Guo, 23, have been found dead inside their car in Queensland floodwaters. The pair were on a working holiday road trip from Sydney to a farm in Gayndah when tragedy struck.
St George Mining Signs MoU to Enhance Rare Earths Value in Brazil
St George Mining partners with Nanum Nanotecnologia to explore downstream processing, aiming to upgrade its Araxá rare earths mix by separating cerium and lanthanum for higher-value magnet elements.
Mining Exec Sues HotCopper Over Phantom Posters in Supreme Court
Mining executive Duncan Thain Craib has taken the investor gossip forum HotCopper to the Supreme Court, alleging defamation by anonymous phantom posters. The case highlights legal challenges in online forums and corporate reputation management.
Unions to Halt BHP WA Iron Ore Mines in Historic First
Unions are weeks away from a century-first strike at BHP's Western Australian iron ore mines, threatening major disruptions to the global supply chain.
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WA Petrol Resellers Slammed on Social Media Amid Price Surge
Western Australian residents are facing backlash for attempting to profit from petrol panic by reselling fuel at inflated prices on social media platforms like Facebook Marketplace.
New Gold Trend Uncovered by Ora Banda in WA Drilling
Ora Banda Mining has discovered a new gold trend called Sapphire near Kalgoorlie, expanding its Little Gem prospect to 1500 metres. This follows a major resource upgrade at Round Dam, boosting the project's global resource to 3.3 million ounces.
Auric Mining's $1.2M Bet Yields $16.5M from Gold Venture
Auric Mining has completed its Jeffreys Find gold mine joint venture, securing a $16.5 million return on a $1.2 million investment, with proceeds fueling development at its Munda mine.
David Jones Sale: 40% Off Premium Luggage Brands
The David Jones Mid-Season Sale is offering discounts of up to 40% on suitcases from top brands like Samsonite, Antler, and American Tourister until April 6, 2026.
JERA Exits Gorgon and Ichthys LNG Stakes in Australia
Japanese energy giant JERA has sold its minority stakes in Australia's Gorgon and Ichthys LNG projects, marking a strategic shift in its global portfolio amid market changes.
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Regional Fuel Crisis: Stations Dry, Prices Hit $3.40/L
Regional service station owners struggle with fuel shortages and record-high prices up to $3.40 per litre due to panic buying and Middle East supply chain disruptions, leaving communities anxious.
Borneo Safari in Timber Plantation Boosts Conservation
Beluran Safaris in Borneo transforms timber plantations into wildlife habitats through tourism, offering accessible safaris while funding conservation efforts and supporting local economies.
Aguia Secures Mining Licence for Brazilian Phosphate Project
Aguia Resources has obtained a crucial mining concession for its Três Estradas phosphate project in Brazil, paving the way for production and reducing reliance on imported fertilisers.
Sydney E-Bike Near-Miss Sparks Calls for Government Crackdown
A terrifying near-miss between young e-bike riders and a bus in Sydney has led to urgent demands for stronger enforcement and new safety laws to prevent tragedies.
Collins Foods Shares Jump on German Expansion Plan
Shares in Collins Foods, operator of KFC in Australia, soared after revealing a strategic expansion into Germany, signaling strong investor confidence in its growth strategy.
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Queensland man charged over 'black flight' smuggling
A 43-year-old Queensland man faces charges for allegedly organising a secret flight to smuggle two Australian fugitives to Indonesia, with the AFP highlighting security risks in remote airstrips.
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