Rio Tinto has received a substantial $2 billion package from Australian taxpayers to sustain the Boyne aluminium smelter in central Queensland, aiming to protect 3,000 jobs and bolster local manufacturing. …
Politics
business
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- National
Friends describe Adelaide businessman’s death in Morocco as unusual, urging for his remains to be returned home
by adminThe unexpected death of Alan McKenna, a 47-year-old Adelaide businessman, in Casablanca, Morocco, has left his family and friends mourning and seeking clarity. McKenna, who was a father of two …
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US Commerce Secretary Howard Lutnick has recently critiqued Australia for allegedly “dumping” low-priced aluminium in the American market, a situation which has triggered a wave of political urgency among Australian …
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US Commerce Secretary Howard Lutnick has accused Australia of “dumping” aluminium at below-market prices, exacerbating tensions as local politicians seek exemptions from US steel and aluminium tariffs. In an interview …
- World
Trump Freezes Tariff Increases on Canadian Metals Following Ontario’s Suspension of Electricity Price Rises
by adminOn Tuesday, President Donald Trump threatened to escalate tariffs on steel and aluminium imports from Canada from 25% to 50%. This prompted the Ontario government to halt its planned electrical …
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U.S. President Donald Trump has officially decided not to grant Australia an exemption from his extensive tariffs on steel and aluminium. This announcement comes in light of recent discussions between …
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Wall Street is experiencing significant turmoil following President Donald Trump’s recent intensification of trade tensions, which has led to a sharp decline in the US stock market — the indices …
- Finance
Star Receives Last-Minute $250 Million Cash Injection Proposal from US Casino Giant
by adminStar Entertainment has secured a crucial financial support of $250 million from Bally’s Corporation, a prominent American casino operator. This much-needed cash infusion comes as Star, which operates casinos in …
- Finance
Star Entertainment Fails to Secure Sale of Stake in $3.6 Billion Queen’s Wharf Project
by adminStar Entertainment has yet to secure an agreement to divest its stake in the Queen’s Wharf development in Brisbane, valued at $3.6 billion. Reports from the Australian Financial Review indicate …
- National
Iconic Australian Cheese Producer King Island Dairy Set to Continue Under New Ownership
by adminKing Island Dairy, a renowned cheese producer in Tasmania, has secured a new owner, averting a closure that was slated for June. The parent company, Saputo Dairy Australia (SDA), had …
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