Business

BHP CEO, Mike Henry.

BHP iron ore fires up as potash push blows the budget again

BHP’s Pilbara iron ore machine has racked up a half-year record and copper targets have been set even higher, but ambitions to push into a new commodity in Canada have blown the budget again.

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Origin Energy says extending Eraring's operation to 2029 will reduce risks to system security. (Dave Hunt/AAP PHOTOS)

Life of nation's largest coal power station extended

Origin has pushed the retirement of the ageing Eraring coal-fired power station out to 2029 due to market conditions and the plant's role in the national grid.

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Signage outside the IMF headquarters in Washington on Oct. 12. MUST CREDIT: Stefani Reynolds/Bloomberg

Gone in the blink of an AI

A tech wreck sparked by over-exuberance for artificial intelligence is among the top threats to an otherwise “resilient” global economy in the year ahead, according to the International Monetary Fund.

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Federal Treasurer Jim Chalmers and Governor of the Reserve Bank of Australia, Michele Bullock.

Why the RBA’s independence is a shield, not a safeguard

Much is made of the ‘independence’ of the RBA from government. But just as a mafia boss does not need to issue written instructions to an underboss, nor does a treasurer need to spell things out to the board.

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City Chic has nearly 80 stores across Australia and New Zealand.

City Chic signals US sales recovery after Trump tariff hit

City Chic has signalled a sales recovery in the US following Donald Trump’s tariffs, with the retailer replenishing new-season stock in anticipation of customers flocking to its stores for summer clothes.

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The US President has repeatedly said Greenland is crucial to his country’s security because of its strategic location near Russia and large mineral deposits

Gold miners keep climbing as Trump ups Greenland threats

Donald Trump has heightened fears of trade war between the United States and Europe, sending investors ducking for cover and ASX-listed gold stocks to fresh heights. 

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Laurence Escalante owns 90 per cent of VGW after a $3.2 billion buyout offer last year.

Laurence Escalante spends up on new WWE partnership

VGW says the deal provides for its portfolio of online social games to “collaborate with WWE across multiple platforms, providing premium entertainment experiences” for players in its flagship market of the US.

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Mining mergers are back in style, but consolidation will not ease the copper shortage.

Why the race for copper is prompting mega-mergers

THE ECONOMIST: Mining mergers are back in style, but consolidation will not ease the shortage.

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Geopolitical tensions have sent jitters through equities markets after the United States took a more aggressive tone on plans to acquire Greenland.

Aussie shares tip lower as Trump teases fresh tariffs

Geopolitical tensions have sent jitters through equities markets after the United States took a more aggressive tone on plans to acquire Greenland.

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Not Supplied

Shocking wealth surge for Aussie billionaires revealed

Billionaire wealth surged 16 per cent last year while millions of Australians struggled with poverty and food insecurity, prompting calls for urgent tax reform.

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Mortgage holders could face a brutal double blow, as inflation returns and the unemployment rate will likely jump.

‘Off the table’: Warning to mortgage holders

Mortgage holders could face a brutal double blow, as inflation returns and the unemployment rate will likely jump.

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Australia’s captain Steve Smith (2nd L) takes a selfie with team mates as they celebrate with the Waterford Crystal Ashes Trophy at the end of the fifth Ashes cricket Test.

Lessons in life from an Ashes to remember

Test cricket, like life, is a long game.If we prepare well, stay patient, respect the process, remain humble and work together, that’s where real success lives, says Justin Langer.

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Nuton

Amazon a first-taker for Rio’s new copper venture

Jeff Bezos’ Amazon Web Services empire will buy the first batches of a purportedly less water and emissions intensive copper cathode from Rio Tinto to build US data centres. 

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Optus is offering less deals compared with rival Telstra.

Telco Optus offering less discounts amid battered reputation

Embattled telco Optus is offering fewer deals compared with major rivals despite its battered reputation following last year’s fatal triple-0 outage.

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Where you can (and can’t) get Australia Day merchandise in 2026.

Where you can (and can’t) get Australia Day merch

As January 26 approaches, major Aussie retailers and venues have made clear how they plan to approach Australia Day, as the tide appears to shift on changing the date.

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