Business

US President Donald Trump has demanded that Russia accept an immediate ceasefire, slapping the nation with major sanctions.

Trump hits Russia with huge oil sanctions, demands ceasefire

US President Donald Trump has demanded Russia accept an immediate ceasefire, slapping the warring nation with major oil sanctions set to ‘degrade the Kremlin’.

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Mark Zuckerberg’s Meta has laid off 600 employees from an AI unit.

Meta cuts 600 AI jobs, staff told not to work

Meta will lay off about 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly.

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America struggles with China’s ability to build things.

Silicon Valley’s China envy reveals American identity crisis

THE NEW YORK TIMES: Two narratives — China as cheater and China as colossus — are simplistic reactions to something far more complex. Yet their popularity reveals something deeper about the American psyche.

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A billionaire investor has offered up tips about AI.

Advice billionaire gives his own kids about AI skills

High school and university students need to take advantage of a ‘unique opportunity’ that could help them land a job almost anywhere, according to billionaire serial entrepreneur and investor Mark Cuban. 

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About 1000 people are buying and selling gold each day at ABC Bullion stores across the country. NewsWire / Nikki Short

Revenue surges for Australia’s second-biggest mint

Annual revenue generated by the main gold and silver mint on Australia’s east coast surged 98 per cent to more than $18 billion, but some accounting wizardry saw profit rise just 7 per cent. 

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BHP head of US corporate and rxternal affairs Dominic Perrottet, Prime Minister Anthony Albanese, US Secretary of the Interior Doug Burgum and President of Americas for BHP Brandon Craig at the lunch-time reception.

Albo parties with BHP after securing critical minerals deal

Anthony Albanese helped mining giant BHP mark its 140th anniversary during this week’s trip to the White House that secured a crucial critical minerals deal with Donald Trump.

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KPop Demon Hunters is the most popular movie in Netflix history.

K-pop hit movie set to become a global business franchise

Netflix’s KPop Demon Hunters movie is going to be turned into a merchandise machine already being compared with Star Wars.

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Three of the big four banks have changed savings rates in the last five weeks. Newswire

Aussies urged to do one thing as banks cut rates

Australian savers have been dealt another blow, with major banks cutting savings rates.

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THE ECONOMIST: Once seen as rogues, today’s private fighters operate within vast corporate structures and global markets.

Meet the hired guns making war pay

THE ECONOMIST: Once seen as rogues, today’s private fighters operate within vast corporate structures and global markets.

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Many investment banks are still positive on gold’s outlook, despite Wedeensday’s price slump serving as a warning to speculators.

Gold suffers biggest fall in over a decade

Some investment banks remain positive on the outlook, despite Wednesday's price slump serving as a warning to speculators.

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FILE: Mount Weld in Western Australia, one of the richest known deposit of rare earths in the world.

China reacts to US-Australia critical minerals deal

China’s Ministry of Foreign Affairs has reacted to the critical minerals deal announced by US President Donald Trump and Prime Minister Anthony Albanese.

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A US outfit has entered into a sales agreement to buy troubled regional airline Rex.  (Jane Dempster/AAP PHOTOS)

Debt-ridden Rex Airlines snapped up by US company

The administrators of Regional Express Airlines have confirmed a sale and implementation deed has been entered with a US-based air services company.

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Victoria is the sick man of Australia.

Struggle city: Melbourne crowned mortgage arrears capital

Victoria is the sick man of Australia with a higher proportion of borrowers behind on their mortgage.

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Former Santos chief financial officer Sherry Duhe.

Santos CFO Sherry Duhe ‘pushed out’ after culture clash

Santos boss Kevin Gallagher is facing renewed investor scrutiny in the wake of revelations the company’s chief financial officer was abruptly dismissed after raising concerns about his leadership style.

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Joe Massa’s parents, Elouise and Danny, campaigned for an end to private management of emergency departments.

How a hospital bed glut is driving private operators broke

AARON PATRICK: One of Sydney newest hospitals has been bought by the State Government after its owner went broke thanks to an oversupply of private hospital beds.

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