Tesla profit plunges as Musk turns buyers off
The fallout from Elon Musk’s plunge into politics is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company said…
Asian shares, Aussie dollar climb on market optimism
Shares in Asia have rallied and the Australian dollar has hit an eight-month high as optimism over earnings and trade supported demand for higher yielding assets. Tokyo’s broad Topix gauge…
US beef unlikely to flood Australia as ban lifted
Australian cattle producers have been left blindsided by a decision to lift a ban on US beef, but the level of American product arriving in Australia is expected to be…
Australia paves way for US beef as Trump tariffs loom
Australia has opened the door to more US beef imports by lifting biosecurity restrictions, as the government seeks ways to dampen the blow from Donald Trump’s tariff regime. The federal…
Australia may be target of legal action on climate
Australia could become the subject of legal action after an international court said countries have an obligation to prevent climate change harm and redress damage caused by greenhouse gas emissions.…
Hatchet Job: WA Inc ousts mayor, appoints property trio
What’s the scam with the WA government ousting the mayor of Nedlands City Council Fiona Argyle, twice popularly elected and the only female mayor in Perth? The scam became even…
Algae politics. South Australian marine devastation is just the start.
Fishermen despair and beach-walkers recoil as blue algae bloom devastates South Australia’s marine life. It is now a national issue as Senate demands inquiry, Rex Patrick reports. In mid-May, I…
Investment bank to face heat over climate commitments
Australia’s largest investment bank will be in activists’ sights when shareholders gather at its global headquarters for its annual general meeting. Environmental group Market Forces plans to have a four-metre-tall…
Penalty rates bill aims to protect millions of workers
A casual hospitality worker can expect to have weekend penalty rates of about $40 an hour protected under a bid to prevent take home pay for employees from being shaved.…
EU may get 15 per cent tariff deal with US: reports
The European Union is heading towards a trade deal with the United States that will result in a broad 15 per cent tariff on EU goods imported into the US,…