Business

Near lunchtime BHP plunged as much as 5 per cent, Rio Tinto 5 per cent and Fortescue Metals 3.5 per cent.

BHP, Rio slump on Friday over wild week for shares

BHP and Rio Tinto tumbled on Friday as worries emerged China is set to ramp up its pressure on Australian iron ore.

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Bets about the Iran war made on Polymarket highlight how its tech could revolutionise sports betting, with one large regulatory obstacle to overcome.

Polymarket’s success a warning shot to Australian bookmakers

Bets about the Iran war made on Polymarket highlight how its tech could revolutionise sports betting, with one large regulatory obstacle to overcome.

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Netflix confirmed the purchase of Ben Affleck's start-up, although terms have not been disclosed. (AP PHOTO)

Ben Affleck sells his AI start-up to Netflix

In a rare acquisition by the streaming company, actor Ben Affleck has sold his artificial intelligence start-up InterPositive to Netflix.

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Jim Chalmers is considering replacing capital gains tax.

Chalmers to hold secret meeting on capital gains tax changes

Treasurer Jim Chalmers is holding a Chatham House rules event with economists on Friday, including an advocate who wants to replace the 50 per cent capital gains tax discount on investment properties.

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Victorian Liberals have demanded action against underworld figure and CFMEU ‘fixer’ Mick Gatto.

Liberals demand action against CFMEU ‘fixer’ Mick Gatto

The underworld figure has emerged at the centre of a debate over CFMEU influence across Victoria’s $100 billion ‘big build’ projects.

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Travellers will end up footing the bill for major expansion works at Australia’s four biggest airports, the consumer watchdog has warned.

Passengers to cop bill for $20b airport works, ACCC warns

Travellers will end up footing the bill for major expansion works at Australia’s four biggest airports, the consumer watchdog has warned.

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Former Star boss Matt Bekier was found to have broken the law.

Ex-Star Casino boss broke law but ASIC’s other claims fail

Star Casino’s former CEO was found to have broken the law, although Justice Lee at times also ruled in his defence and that of other directors.

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Jim Chalmers says motorists shouldn’t be taken for mugs by fuel companies introducing ‘unwarranted’ hikes at the bowser.

‘Mugs’: Treasurer issues stern warning to servo price gougers

Jim Chalmers says motorists shouldn’t be taken for mugs by fuel companies introducing ‘unwarranted’ hikes at the bowser.

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China No.1 source of new cars sparking intelligence warning

China is the biggest monthly source for new Australian cars for the first time ever and dominates the EV market. Japan had been the uninterrupted No.1 since 1998. Here’s why intelligence experts are worried.

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As the Middle East conflict enters its fourth day, an energy security debate is erupting in Australia.

How Middle East war rekindled the energy security debate

Motorists are already paying the cost of the war in the Middle East as petrol and diesel prices surged across Australia this week.

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The Fairmont Hotel in Palm Jumeirah, Dubai burns after a drone strike.

Google, Amazon close offices as big tech flee Dubai

Nvidia, Amazon and Alphabet are among the tech firms scrambling to ensure the safety of their employees who are travelling through or based in the Middle East as the war on Iran rages.

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Australia’s economy is growing.

Fastest growth in three years sparks rate rise fears

The fastest economic growth in three years has sparked fears of even more rate rises to tackle rampant inflation, that’s tipped to get worse as the Middle East conflict escalates.

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The Aussie market has tumbled on uncertainty over how long the US will be invloved in the Middle East conflict.

Middle East war uncertainty sends ASX into freefall

Australia’s share market has been smashed in the opening minutes of trade this morning, led by a rout in mining stocks.

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Minister for Trade Senator Don Farrell  is urgently meeting with the country’s 40 peak bodies representing exporters.

Trade chief in urgent talks over $15bn threat to Aussie exporters

Australian producers are being affected as the war in the Middle East escalates, shutting down crucial shipping lanes.

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Ex Virgin boss Jayne Hrdlicka has landed a new job at Dan Murphy's and BWS owner Endeavour Group.

Dan Murphy’s owner hit by profit tumble as rates curb sales

Rising inflation and the threat of further interest rate hikes by the Reserve Bank are keeping a lid on a return to form for Dan Murphy’s and BWS owner Endeavour Group.

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