Australia launches its first challenge for the America's Cup in a quarter of a century, entering a team for the 38th edition of the historic sailing event in Naples, Italy, next year.
Disability support provider Yooralla has back-paid over 1,300 employees $2.05 million due to a clerical error in payroll systems from March 2018 to March 2024. The organization self-reported the issue to the Fair Work Ombudsman and entered an enforceable undertaking to upgrade protocols.
Despite US sanctions and recent strikes in the Strait of Hormuz, Iran has generated billions from oil sales, exceeding pre-war forecasts. The US blockade, intended to restrict Iran's oil exports, was lifted under a Memorandum of Understanding (MOU), allowing Iran to move stored oil and circumvent sanctions through ship-to-ship transfers and new evasion techniques.
Telstra is still experiencing issues with some emergency calls following a nationwide outage caused by a software defect. The ASX 200 opened lower, with most sectors down except Energy and Utilities. Wall Street and European markets also saw declines, while oil prices surged.
Australian Moringa growers are uncertain about selling their product after FSANZ ruled it unsafe for human consumption. An appeal is underway, but a new application could take two years.
SunRice plans to reduce milling operations in southern NSW due to lower rice supply from drought and water buybacks, potentially leading to hundreds of job losses and impacting regional economies. Government acknowledges concerns but emphasizes environmental sustainability.
The NSW Rail, Tram and Bus Union (RTBU) alerted Southern Shorthaul Railroad (SSR) to safety issues, including training and workplace culture, just 24 hours before five of its wagons derailed in the Southern Highlands. SSR's accreditation was suspended for six weeks by the rail safety regulator.
