Business

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A spokesperson for Hancock Iron Ore said the decision followed a routine operational review.

Rinehart’s Hancock Iron Ore axes jobs across Pilbara

Mining billionaire Gina Rinehart’s Hancock Iron Ore has started cutting hundreds of jobs across its Pilbara empire in a move the company claims will add another decade of life to ageing mines.

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Kyle Sandilands cashes in with massive $12m deal.

Kyle Sandilands’ eye-watering settlement figure revealed

Kyle Sandilands has walked away with a multimillion-dollar payout and a new business arrangement after settling his contract dispute with ARN Media.

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G7 leaders have discussed the thorny issue of AI.

Trump may open AI doors to hand-picked allies

Leaders at the G7 have discussed a ‌path around restrictions on non-American use of advanced AI after Anthropic disabled access to Fable 5 and Mythos 5.

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Under proposed changes, the capital gains tax discount will be replaced with inflation indexation.

Could the new tax changes see the end of start-ups?

Investors are warning some of Australia's most successful companies wouldn't exist under proposed tax changes, as Labor pushes ahead with its planned reform.

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Kyle Sandilands has reportedly reached a legal settlement with ARN.
Employee turnover has fallen to 13.5 per cent, down 11.2 per cent over six months and the lowest rate since the survey began in May 2023.

Two-speed jobs freeze bites workers and employers

Australia’s jobs freeze is playing out differently across the public and private sectors, with government organisations more likely to be hiring but also far more likely to be planning redundancies.

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RJV chief executive Tim Ryan.

Family exits pioneering WA contractor after 70 years

Established in 1955, it has since worked on road and rail projects, the demolition of Princess Margaret Hospital and Subiaco Oval, the development of Joondalup, and the Telfer gold mine in the Pilbara.

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Home borrowers have been spared more pain with the Reserve Bank’s monetary policy board voting to leave rates unchanged.

Relief for Aussies as RBA leaves interest rates on hold

Home borrowers have been spared more pain with the Reserve Bank’s monetary policy board unanimously voting to leave rates unchanged for the first time since December, amid an expected end to the Iran war.

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Manufacturers are bracing for weaker conditions in the coming months.

Manufacturing outlook darkens despite US-Iran peace deal

Manufacturers are bracing for weaker conditions despite Donald Trump declaring a US-Iran peace deal the industry hopes will lead to lower fuel and energy costs.

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Lincraft has pinned its future on an online business model, with plans to close all stores. (EPA PHOTO)

Craft retailer Lincraft puts final stitch in shopfronts

Beloved craft retailer Lincraft will close the remainder of its bricks and mortar stores, citing changing customer behaviour and low-cost overseas competition.

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A couple getting divorced could lose the right to negatively gear an investment property even if they owned it before Budget night, financial advisers fear.

Could divorced couples lose their right to negative gearing?

Financial advisers have raised concerns about divorced couples’ rights to negatively gear investment properties.

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A mural on North Main Street.

The small town hoping for SpaceX crumbs

The 14,000 residents of a Texas town wonder what the historic initial public offering might mean for them.

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Financial markets and economists agree the Reserve Bank will hold the cash rate at 4.35 per cent.

‘Fight not over’: Brutal reality facing mortgage holders

The Reserve Bank is unanimously expected to leave interest rates on hold but whether the next move is up or down remains uncertain.

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Tax distractions have left housing growth to stagnate.

Housing debate ignores a lost decade of growth

AARON PATRICK: Cloaking tax increases as economic reform isn’t going to make Australians better off when average incomes have barely moved since 2012.

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