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Rupert Murdoch makes a death-defying appearance
The media tycoon’s appearance at an event in New York was followed by former employee Siobhan McKenna’s farewell bash before she jets off to the same city.
Australia’s biggest home builder gets itself ... a bigger home
Metricon is moving house, shifting its head office to Ferntree Business Park in Notting Hill.
Bowser relief: Petrol prices tumble as global oil cost falls
Motorists are finally seeing some relief at the petrol pump as the cost of crude oil falls 20 per cent this month.
Nvidia billionaire’s affair scandal drags his wife of 41 years into the spotlight
Lori Huang has been by Jensen Huang’s side for decades but has kept a low profile as he built his fledgling start-up into one of the most valuable companies in the world. That all changed this week.
ASX treads water as Nvidia scandal rocks AI sector; Xero soars
The Australian sharemarket has finished little changed amid new uncertainty for global markets, with reports Nvidia is preparing to oust its CEO and founder Jensen Huang.
Capability X defies AI blues with stellar ASX debut
Capability X has defied weak IPO conditions and global AI stock jitters, surging almost 50% to close at 29c on ASX debut after raising $12 million to expand its industrial safety technology.
Auric pockets $17M for broad WA gold growth
Auric Mining has locked in $17 million to accelerate its WA gold growth strategy, including drilling at its Munda, Union Jack and newly acquired Iron Maiden projects.
Flagship bags district-scale Chilean copper-gold project
Flagship Minerals secured an option over the district-scale Fortuna Valle copper-gold project in Chile’s prolific Coquimbo region, boasting widespread historical drill hits.
Want a bigger pay rise? You’re probably making this mistake
The ‘peanut butter raise’ usually gets spread evenly, but there are always a few extra crunchy bits for those who can make the right case.
Dalaroo fires up diamond drill hunt for African gold riches
Dalaroo Metals is set to drill its high-grade Bondoukou gold discovery in Côte d’Ivoire, with a rig now mobilising to site to test extensions of an 18m hit grading 7.31 g/t gold.
Nvidia ‘preparing to oust’ Jensen Huang, allegation of second affair emerges
Nvidia’s board is believed to be meeting to discuss the future of its founder and CEO following reports of multiple extramarital affairs, including one with a suspected Chinese spy.
Miro clears TGA audit ahead of Crohn’s disease trial
Miro Sciences has cleared a TGA manufacturing hurdle for its Crohn’s trial, with the regulator inspecting its partner’s facility ahead of a planned Phase 2 study for its StemSmart cell therapy.
China’s property implosion has further to go, and markets are worried
The scare over a liquidity crisis in a state-owned company in Guangdong has rippled through China’s debt markets and shone a light on the financial pressure in its local governments.
CBA sued for overcharging tens of thousands of businesses
The corporate regulator has started legal proceedings against the nation’s biggest bank, alleging that it misled 42,000 business customers and overcharged them about $8.5 million in fees.
66,000 NAB workers owed $169 million in mass underpayment
The bank first reported problems to the regulator in 2019, but did not fully fix them for another seven years.
Please come back, David Jones. I’ll forgive you if you’ll forgive me
I see now the error of my bargain-seeking ways and promise to do all my Christmas shopping with DJs, if I can find a store that’s still open.
Chinese car giant BYD apologises after putting wheels on the wrong way
BYD apologised for an assembly mistake that meant some of its Great Tang electric sport utility vehicles had their front and rear wheel rims installed in reverse.
‘Gotta prioritise things’: Bosses brace for a wave of GTA VI sickies
The video game is the first new instalment in 13 years of one of the best-selling entertainment franchises in history. Australian businesses expect staff absenteeism to soar.
‘We still have a plan’: David Jones to shut 19 stores, thousands of jobs to go
David Jones has told suppliers and staff that half of its stores will close as the receivers in charge of the embattled department store owner attempt to make the business viable again.
ASX closes higher as BHP rebounds, tech stocks rise; CBA, Macquarie Bank fall
The Australian sharemarket edged up in Wednesday’s session, erasing early losses and shrugging off falls on Wall Street, where inflation figures spooked investors.
Augustus nails 71m gold hit at WA Music Well project
Augustus Minerals has hit a 71-metre-wide gold zone from 15m deep at its Music Well project in WA, with the rods now spinning at a new target with rock chips up to 30.4g/t.
Orbit kicks off partner-funded NSW copper-gold drilling
Orbit Resources has started partner-funded drilling at its Goodrich copper-gold project in NSW, targeting extensions to a previous porphyry discovery that hit 136.55m of mineralisation.
Trump’s Fed nightmare: Rates won’t be slashed. They could surge now
The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.
Larvotto extends NSW high-grade gold-antimony system at Hillgrove
Larvotto Resources has hit high-grade gold-antimony up to 9.61g/t gold equivalent at the Freehold prospect in its NSW Hillgrove project, doubling the mineralised strike to 700m.
Qantas using AI as ‘Trojan horse’ for lay-offs, says union
Citing the impact of AI, the airline will send 850 back-office jobs, “mostly” to India, through professional services firm Accenture.
Locksley locks onto 10km copper trend in NSW land grab
Locksley Resources has grown its NSW copper-gold footprint to 1,000sq km after securing a new licence hosting an undrilled 10km geological structure on the prospective Tritton Trend.
Peruvian copper muscle drives US$50M earnings bonanza for Rio2
TSX-listed Rio2 Ltd banked US$115M in quarterly revenue and US$50M in EBITDA as its Peruvian copper mine delivered and its weather-affected Chilean gold continued to ramp up in Chile.
Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million
The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.
I can tell you why Qantas sent 850 jobs to India in just two words
When bonuses are tied to profits, company leaders make short-term decisions that benefit themselves.
CBA’s late mortgage payments tick up as interest rate rises bite
Data from the Commonwealth Bank of Australia attributed the small increase in the number of people struggling to inflation and rising interest rates.
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