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Federal Treasurer Jim Chalmers approved the $100M+ sale of Tasmania's Rushy Lagoon farm to UK's Gresham House. The deal, involving a large pine plantation, was deemed in the national interest after FIRB review, despite concerns over transparency and market distortion.
The Australian share market opened sharply lower, with the ASX 200 down 1.4%, influenced by Middle East hostilities and a Wall Street tech sell-off. A nationwide Telstra outage also impacted services and the company's share price.
The sale of Tasmania's largest farm, Rushy Lagoon, for over $100 million to UK's Gresham House has been approved by Federal Treasurer Jim Chalmers, deeming it in the national interest after FIRB vetting. The property was previously owned by New Zealand's Pye family.
A nationwide Telstra network outage has caused widespread disruption to regional train services in Victoria, suspending lines including Bendigo, Seymour, Gippsland, Geelong, and Ballarat. Train services to and from Canberra were also shut down due to communication losses. Millions of Australians were affected by the Telstra outage, impacting phone calls and internet access.
Australian shares dropped, with the ASX 200 down 1.4%, influenced by Middle East hostilities and a Wall Street tech sell-off. A nationwide Telstra outage disrupted services, impacting businesses and leading to a 2.8% fall in Telstra's share price. G8 Education faces a lawsuit for allegedly underpaying workers over $2 million.
Australian shares opened sharply lower, with the ASX 200 down 1.4% due to Middle East hostilities and a Wall Street tech sell-off. Telstra shares also fell following a nationwide outage affecting services and train networks. G8 Education faces a lawsuit for allegedly underpaying staff over $2 million.
