Business

Hefty chargesThe four traps catching out credit card customers

Aussies trying to smash their credit card debt need to ensure they are not caught out by the tactics that lenders are using to slug them with excessive charges.

Sophie Elsworth

Strong purposeTech visionary’s social mission

A high-school drop out turned visionary entrepreneur is the driving force behind a small WA business making a big social impact, with the goal of empowering thousands of people with a disability.

Meilin Chew

Kingwest delivers more high-grade gold hits at Menzies

Kingwest Resources’ drilling campaign at Menzies in WA has continued to return a stream of spectacular drill intercepts including 1m at 107.00 g/t gold from 88m and an impressive 5m at 13.8 g/t gold that boasts a 2m long, higher-grade section going an ounce to the tonne gold from 122m.

Matt Birney

Sponsored

JobSeeker crunchNT unemployment benefits data shows spike in more affluent areas

MORE than twice the number of people in more affluent parts of the Territory were receiving unemployment benefits in June 2020 compared to the same time the previous year

ALICIA PERERA

Container Deposit SchemeTerritorians cashed in millions worth of recycled cans this year

TERRITORIANS have continued to cash in their cans during the COVID crunch, with an incredible amount of refunds paid out for the Container Deposit Scheme over the year

Natasha Emeck

TRAVEL UPDATEPush to fly regional Victorians up to the NT from Geelong

A VICTORIAN airport is pushing for direct flights to resume between the NT and Greater Geelong for the first time in years

Natasha Emeck

Taper downWhy COVID job subsidy can’t be a keeper

The JobKeeper subsidy needs to end in March, according to top Treasury figures, as the payment is taking its toll in the regions.

Matthew Killoran & Cloe Read

Multiple SclerosisBig savings loom for MS medicine

Australians with Multiple Sclerosis will have access to a life-saving medicine for as little as $41 per prescription.

Sarah Ison

CITY BEATEntrepreneur’s ‘money saving’ consultancy firm goes bust

A firm set up by entrepreneur Scott Maclean that aimed to save the Queensland Government and other clients millions in fees has gone to the wall.

Anthony Marx

Altech to bank $8 million from sale of German subsidiary stake

Altech Chemicals has agreed to sell a 25 per cent stake in its German subsidiary, Altech Industries Germany, for €5 million – or about A$8.3 million. Frankfurt Stock Exchange-listed Altech Advanced Materials will buy the AIG stake, delivering the ASX-listed parent company a useful cash harvest that will help advance its Malaysian high purity alumina play.

Matt Birney

Sponsored

Raine fightSaraceni fights back with appeal over Raine Square hit

Property developer Luke Saraceni is fighting to revive a $200 million claim over the Commonwealth Bank taking the Raine Square project off him after the global financial crisis.

Neale Prior

Tietto hits magical 3 million ounce gold resource in Africa

ASX-listed aspiring gold mine developer, Tietto Minerals, has reached a major gold resource milestone and says it has “only scratched the surface” at its Abujar gold project in Côte d’Ivoire. The company recently posted a whopping 40 per cent or 870,000-ounce increase in the project’s combined inferred and indicated resource inventory to 3 million ounces of gold.

Matt Birney

Sponsored

Online rushNick Scali sale surge continues

A surge in online sales has boosted Nick Scali’s first-half profit expectations, with the furniture retailer shrugging off potential supply delays.

Rebecca Le May

Trade tensionsChina in rush for Aussie wine ahead of looming tariffs

The latest figures on Australian wine exports to China suggest vineyards are getting shipments in quick before tariffs are possibly imposed.

Rebecca Le May

‘Absolutely disgusting’Staff sacked by text as Riot art stores go under

More than 50 Riot Art & Craft stores, including 11 in Perth, have been shut as liquidators take over the brand, which reportedly owes millions.

Emmaline Stigwood and Glen Norris

Image onto more high-grade mineral sands at Boonanarring North

Image Resources' “MORE” program continues to pay dividends for the WA mineral sands producer with drilling at the Boonanarring Northern Extension Area pointing to high-grade mineralisation over more than 2,700m of strike.

Matt Birney

Sponsored

Takeover tussleStalemate emerges in battle for control of Cardinal

Rival Russian and Chinese companies locked on $1-a-share bids for Ghanaian-focused gold play.

Stuart McKinnon

Shock endStaff sacked by text as retail giant collapses owing millions

Over 50 outlets of Riot Art & Craft have been shuttered suddenly as liquidators take over the iconic brand, which owes millions. Staff were reportedly told via text message that they had lost their jobs. SEE THE FULL LIST OF STORES

Emmaline Stigwood, Glen Norris

‘Novel shock’Low rates aiding Budget spend: Treasury

Treasury secretary Steven Kennedy says the budget response to the pandemic should have a greater impact in a low interest rate environment.

Colin Brinsden

Gifts falloutAust Post culture to be probed in expenses scandal

The Morrison Government has released the terms of reference for a one-month investigation into the watches scandal at Australia Post.

Matt Coughlan

Middle Island nears completion of Sandstone feasibility

Middle Island Resources has pulled out all stops to get its Sandstone gold project feasibility study on the street by early in the new year as it completes resource estimates over its recent gold discoveries and begins open pit optimisation for future mining operations.

Matt Birney

Sponsored

Development‘Views wiped out’: Millionaire penthouse owners fight ‘ludicrous’ tower

Just how much is a view of the Story Bridge worth? Quite a lot according to penthouse owners who are opposing plans for a luxury riverside tower that will “wipe out” their prized vistas in one of Brisbane’s most exclusive suburbs.

Emmaline Stigwood

Economic shockNT still the worst performing jurisdiction in the nation: CommSec

THE Northern Territory is still the weakest performing economy in the nation, according to the latest CommSec report

GARY SHIPWAY

BankingWestpac flags $1.22b hit to earnings

Westpac's full-year earnings will include a $1.22 billion hit from write-downs and revaluations, and its money laundering and child exploitation scandal.

Steven Deare