Australia Missed Chance for Sovereign Wealth Fund, Lessons from Norway
Australia squandered mining boom revenues, missing a chance for a sovereign wealth fund like Norway's. Lessons include the need for a super-profits tax.
Category : Business
Worker Death Overshadows BlueScope AGM as Earnings Guidance Downgraded
A workplace death at Port Kembla steelworks overshadows BlueScope's AGM, where first-half earnings guidance was downgraded and CEO transition discussed.
Menulog to Cease Australian Operations on November 26
Menulog ends Australian operations after 20 years, affecting 120 jobs; customers urged to use credits by Nov 26.
Labor's Free Solar Power Plan Excludes ACT
Labor's solar sharer program offers free solar power to three states, excluding ACT, starting July next year.
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Australia's Housing Crisis Deepens as Building Approvals Hit Decade Low
Australian housing approvals hit decade low amid high rates, costs, and builder insolvencies, worsening the housing crisis.
Imdex Acquires Overseas Tech Firms in $99m Deal
Perth-based Imdex acquires Luxembourg's Advanced Logic Technology and US subsidiary for $99m to boost earth science capabilities.
Rainy New Year's Eve Could Cost Shellharbour Council Thousands
Shellharbour Council's $258,000 drone show on NYE risks cancellation due to bad weather, potentially costing thousands more if postponed.
Ten-Storey Towers Approved for North Wollongong Under New Planning Rules
NSW Government finalises planning controls allowing up to ten-storey apartments in North Wollongong, targeting 5,300 new homes with affordable housing mandates.
Outdoor Dining Planned for Former Rookie Site in Wollongong
A development application for an outdoor deck at the former Rookie restaurant site on Keira Street has been lodged with Wollongong City Council.
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Critical Superannuation Mistake Australians Make
Financial advisor James Wrigley says 80% of Australians have no or inappropriate beneficiary nomination on their super, which can derail retirement plans.
Qantas Slashes International Fares to 27 Destinations in Travel Week Sale
Qantas slashes fares on 60 international routes in its first Travel Week sale, with prices from $1,149 to Tokyo and $1,699 to New York.
Viridis Locks $46m Deal for Brazil Rare Earths Development
Viridis Mining locks $46m binding deal with Régia Capital and ORE Investments for Colossus rare earths project in Brazil, advancing toward final investment decision.
Fatal Crash at 'Frightening' Highway Junction Sparks Speed Limit Fury
A 29-year-old man died in a crash on Bussell Highway, reigniting calls to reduce the speed limit from 110kph to 80kph.
WIN Grand Redesign Sparks Anger as Cinema and Pool Removed
Revised WIN Grand plans remove cinema and pool, sparking community anger over loss of public amenities and increased apartment towers.
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Corrimal Tenant Wins Appeal Over Eviction Linked to Rusty Stove
Corrimal tenant Ronald Archibald wins appeal against eviction after arguing it was retaliatory over a rusty stove dispute.
From Crisis to Stability: Family Finds Home with Vinnies
A family escapes domestic violence and homelessness with Vinnies support, finding stable housing after two years in a caravan.
ACT Electricity Bills Rise 10% but Savings Possible, Regulator Says
ACT median electricity bills rose 10% for homes and 7% for small businesses in 2025, but competition is improving and savings are possible by switching.
Wanniassa's Beloved Markets Shop Closing Down
The Markets Wanniassa closes after nearly 10 years due to rent issues, shoplifting, and cost-of-living pressures. Owner Fiona Lester cites community as biggest loss.
ACCC Clears Seven West Southern Cross Merger
ACCC clears Seven West Media and Southern Cross Media Group merger, saying it won't lessen competition.
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Rising Fees Push Apartment Rents Beyond Affordability
New data reveals that hidden fees are driving up apartment costs, with renters paying hundreds more monthly than advertised base rent, worsening the housing crisis.
SEGRO Rejects £9.1bn Takeover Offer from US Rival Prologis
SEGRO has rejected a £9.1 billion takeover bid from US logistics giant Prologis, saying the offer significantly undervalues the UK warehouse landlord and its growth prospects.
New $1.9 Million Beachside Campground Opens at Belmont Wetlands
A new $1.9 million campground with 100 beachside sites opens at Belmont Wetlands, boosting eco-tourism and local economy in the Hunter region.
Kalamazoo's $1.4b Gold Bonanza in WA Mining Study
Kalamazoo Resources' scoping study for Mt Olympus gold project in WA's Pilbara shows potential for 524,000 oz gold, $1.4b free cashflow, and 74% IRR at current prices.
Construction begins on $5.9m domestic violence refuge in Lake Macquarie
Work begins on a $5.9m refuge in Lake Macquarie for women and children fleeing domestic violence, with nine self-contained units and on-site support.
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Bell Partners Champions Hunter Business Resilience
Bell Partners Hunter New England supports regional businesses through advocacy, sponsorships, and charitable work, aiming to strengthen communities.
Qantas Project Sunrise Aircraft Assembly Advances
Qantas Project Sunrise A350-1000ULR assembly progresses; non-stop flights to London and New York expected from 2027.
Bratz Blind Boxes Sell Out in Four Days, Restock Set for Late April
Bratz Bratziez Iconz blind boxes sell out in four days at Big W, restocking late April. New LOL Surprise and Hyojo series also launch.
Estrella Resources Hits Massive 621mt Limestone Deposit in Timor-Leste
Estrella Resources discovers massive 621mt limestone resource in Timor-Leste, with high-purity sheets up to 87m thick and additional manganese potential.
Newcastle Airport Sweeps Business Hunter Awards with Four Wins
Newcastle Airport wins four Business Hunter Awards, including Business of the Year, at gala in Newcastle.
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Brisbane Hotel's 6am Sunbed Rush Sparks Etiquette Debate
A video of guests queuing at 6am for sunbeds at The Calile Hotel in Brisbane sparks debate on pool etiquette and hotel policies.
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