Latest Business Stories

Gina Rinehart’s mining boss in Ecuador arrested for weapons amid Aussie gold rush

Gina Rinehart’s mining boss in Ecuador arrested for weapons amid Aussie gold rush

The general manager of Gina Rinehart’s mining operations in Ecuador has been caught with a cache of illegal weapons. The arrest has stunned the expat community in the capital Quito where the likes of BHP, Newcrest, Hancock Prospecting and a slew of junior miners are enjoying a millennial “gold rush” as bullion prices hit records and drill results bode for enormously rich deposits of copper, gold, cobalt and other minerals. Michael West reports.

Australian of the Year takes on Big Food, says our diet is ‘killing us’

Australian of the Year takes on Big Food, says our diet is ‘killing us’

The nation’s flawed dietary guidelines have much to answer for, with more than 5000 people losing their lives “unnecessarily” from Type 2 diabetes in the past three months. With evidence showing diet can improve underlying health conditions, in a time of rising COVID-19 infections it is more important than ever to revise the dietary guidelines, writes Maryanne Demasi.

Victorian government wins big on Carbon Revolution float by taking punters for a ride

Victorian government wins big on Carbon Revolution float by taking punters for a ride

The Andrews Labor government pumped $27.5 million into the long-failing, high-end wheel maker to help it limp across the line to an ASX listing last year. The float was a bonanza for it and a handful of other “existing investors” including the Clean Energy Finance Corporation. But the stock exchange was so concerned about the vast gains being made that it placed a freeze over all 5.4 million shares the state government ended up with after the float, writes Anthony Klan in Part II of his investigation into Carbon Revolution. Read Part I here.

Crony Capitalism: Government fights off move to shut loophole for old-money billionaires

Crony Capitalism: Government fights off move to shut loophole for old-money billionaires

The Government has grovelled to its billionaire donors yet again, killing a Senate amendment to force the richest Australians to disclose their financial statements. Michael West reports on the crusade by independent senator Rex Patrick to hold the Morrison Government and its corporate mates such as the Packers, Murdochs and Lowys while putting property giant LendLease to the sword over its JobKeeper rorts.

A Bali travel bubble may be just the ticket for Virgin

A Bali travel bubble may be just the ticket for Virgin

As the Virgin administrators assess the bids for the failed airline, they will also grapple with the question of when air travel resumes. Domestic interstate travel may open in a few months, there is talk of a New Zealand travel “bubble”, too. Beyond that is anybody’s...

Overpaid university bosses cry poor as their foreign-student riches evaporate

Overpaid university bosses cry poor as their foreign-student riches evaporate

Australia’s universities face $5 billion in losses and are crying poor. Their highly paid bosses can make more money in a week than the casual staff, many of whom they have consigned to the dole queue, make in a year. Michael Sainsbury runs the ruler over the numbers and asks why those universities with high reliance on international students have shown such poor risk management.

Keep the Pokies Shut: Australians are saving $38 million a day

Keep the Pokies Shut: Australians are saving $38 million a day

The pokies are shut. Thousands of Australians believe they should stay shut for as long as possible. Meanwhile, more of the big pokies players are looking to quit the toxic industry. Journalist and anti-gambling campaigner Stephen Mayne reports on the latest dramatic developments in pokies-land, particularly RSL Victoria as its overpaid “pokies manager” Tabcorp tries to sell out.

[ Click to find out more ]

Michael West Email

Get Our Weekly Newsletter

Unsubscribe anytime.

Thank you! We'll also confirm via email.

Pin It on Pinterest