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.
South Australia's government is confident the Whyalla steelworks sale process will remain intact despite Indian court summons for Jindal Steel's chair over a coal scam. Jindal Steel is a bidder for the steelworks.
Reserve Bank chief economist Sarah Hunter stated that global supply shocks are becoming more frequent, prompting the RBA to invest in new economic models and research to adapt to this "new reality" and manage policy trade-offs more often.
China-linked investors are defying a federal government order to sell their shares in Australian heavy rare earths company Northern Minerals. The investors hold 17% of the company, which is developing the Browns Range project, crucial for military hardware and EVs. The treasurer cited national security concerns.
Hundreds of BHP workers at Port Hedland are poised to strike on July 16th, potentially impacting $120 million in daily revenue. Talks over pay and conditions failed, leading unions to give notice for the industrial action, the most significant in the WA mining industry in 25 years.
Federal Treasurer Jim Chalmers approved the $100 million+ sale of Tasmania's largest farm, Rushy Lagoon, to UK's Gresham House for a new pine plantation. The decision faced criticism from farmers and a senator over transparency and market distortion concerns.
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.
