AUKUS. Deal of the century! … For the Americans
Trump has indicated the US will proceed with AUKUS. Good news for the US, serious consequences for Australia. Former submariner Rex Patrick reports. “Submarines in our time!” He didn’t say…
Tesla’s record third-quarter revenue tops forecasts
Tesla has reported record third-quarter revenue, beating Wall Street estimates, driven by the highest quarterly sales of its electric vehicles as car buyers rushed to lock in a key US…
Retaliation: US considers broad software curbs on China
The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing’s latest round of rare…
Top four iron ore miner happy with early-year shipments
Fortescue shipped 49.7 million tonnes of iron ore in the last quarter, setting a new benchmark and underpinning a strong start to the financial year. The Perth-based miner is the…
Super Retail chair survives protest vote after scandal
Super Retail has revealed withholding performance-related bonuses worth more than $7 million from sacked boss Anthony Hegarty. The four-brand retail operator has been scarred by scandal in recent months, following…
Asia retreats on potential US trade curb against China
Asian stocks fell for a second day on Thursday as lacklustre earnings reports from tech megacap stocks deepened a selloff on Wall Street, while US sanctions against Russia and China…
Mining giant flags more jobs at risk due to coal taxes
More mining jobs could be on the chopping block if a state government refuses to tackle its unsustainable coal royalties regime, the head of Australia’s most valuable mining company says.…
Meta to lay off 600 employees from ‘sluggish’ AI unit
About 600 employees in Meta Platforms’ artificial intelligence division will be laid off as part of a wider effort to speed up decision-making and streamline operations. Meta chief AI officer…
Donald’s trillion dollar investment furphy. What’s the scam?
Hidden in full view in a press release by the White House this week was a “promise” for Australian superfunds to “increase investments in the United States to $1.44 trillion…
Controversial gas project extension sparks legal action
An energy giant has vowed to “vigorously defend” two legal challenges sparked by the controversial extension of Australia’s biggest gas project near ancient Aboriginal rock art. Woodside is set to…