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Video
Australia's Worst Bird Flu Outbreak Expands, Experts Weigh In
June 21, 2024 12:10 PM AEST| By Team Kalkine MediaAmid Australia's largest bird flu outbreak, experts assure consumers that cooked eggs and poultry remain safe to eat. The highly contagious avian influenza has been detected at a commercial egg farm in Sydney's Hawkesbury region, affecting millions o...
Soaring Inflation and Interest Rates Lead to Spike in Business Insolvencies
June 20, 2024 12:02 PM AEST| By Team Kalkine MediaResearch by CreditorWatch shows crippling interest rates and high prices are driving record business insolvencies in Australia. Over the past year, insolvencies hit a record 1378, a 38% increase. Hardest-hit sectors include electricity, gas, water, a...
AI Poses Threat to These Jobs in Australia
June 19, 2024 07:36 PM AEST| By Team Kalkine MediaThe rapid rise of artificial intelligence is predicted to render many jobs obsolete. A major U.S. fast-food chain recently replaced drive-through staff with AI, a change that could hit Australia within a year. McKinsey warns that AI, an ageing popula...
Nvidia Crowned World's Most Valuable Company
June 19, 2024 12:44 PM AEST| By Team Kalkine MediaNvidia has become the world’s most valuable company, surpassing Microsoft and Apple, after a surge in its share price to an all-time high. On Tuesday, the stock closed at nearly $136, up 3.5%, giving Nvidia a market valuation of $3.34 trillion. Known...
BHP Targets Renewable Energy After Mt Arthur Coal Closure
June 18, 2024 11:10 AM AEST| By Team Kalkine MediaAs BHP approaches the 2030 closure of its Mt Arthur Coal mine in Muswellbrook, NSW, the company is exploring sustainable options, including a pumped hydro project on the 7000-hectare site. This renewable energy solution could power up to 500,000 home...
250 Jobs Eliminated as KPMG Australia Announces Consulting Restructure
June 15, 2024 08:00 AM AEST| By Team Kalkine MediaExplore the significant overhaul underway at KPMG's consulting division, impacting 250 roles and aiming for $80 million in annual savings. This strategic shift reflects broader industry trends amid economic challenges and a focus on emerging technolo...
Modi 3.0: Global Media Reflects on His Oath Taking Ceremony
June 10, 2024 01:07 PM AEST| By Team Kalkine MediaWitness history as Narendra Modi is sworn in for a third consecutive term as India's Prime Minister, alongside 72 ministers yet to be assigned their duties. This milestone aligns Modi with Jawaharlal Nehru, India's first Prime Minister, who also serv...
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World Stocks and Euro Rise After ECB's First Rate Cut in Five Years
June 07, 2024 04:06 PM AEST| By Team Kalkine MediaWorld stocks climbed and the euro strengthened on Thursday following the European Central Bank’s (ECB) decision to cut interest rates for the first time in nearly five years. ECB policymakers announced a widely anticipated quarter-point cut, bringing...
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Medibank Faces Legal Action Over Massive Data Breach
June 07, 2024 08:45 AM AEST| By Team Kalkine MediaAustralia’s privacy watchdog is suing Medibank Private for failing to protect the medical details of 9.7 million Australians, which were accessed by Russian cybercriminals in 2022. Potential fines could exceed $21.5 trillion....
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Rio Tinto Invests $215 Million in Low-Carbon Steel with New Facility
June 07, 2024 08:00 AM AEST| By Team Kalkine MediaRio Tinto will invest $215 million to build a large microwave facility in Rockingham, south of Perth, aimed at reducing the carbon footprint of the Pilbara iron ore industry. This facility is part of the company’s “BioIron” project and represents one...
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Fortescue Accuses Ex-Executives of Stealing Green Iron Project IP
June 07, 2024 07:30 AM AEST| By Team Kalkine MediaFortescue Metals Group has accused two former executives, Bart Kolodziejczyk and Michael Masterman, of stealing intellectual property to start a rival green iron project, Element Zero. The mining giant has requested the Federal Court to search three...
56 business days to sell 10.4% of the shares acquired unlawfully.
June 07, 2024 07:00 AM AEST| By Team Kalkine MediaA China-linked investor, Wu Tao, narrowly lost his bid to gain a seat on the board of the ASX-listed rare earths miner, Northern Minerals, amid government-ordered stock sell-offs. Wu, who manages the Yuxiao Fund, garnered 49.06% of shareholder suppor...
Unions Push for Five Weeks Paid Leave in Historic Reform
June 06, 2024 03:23 PM AEST| By Team Kalkine MediaUnions are poised to advocate for new legislation that mandates five weeks of paid annual leave, a significant initiative to be presented at the upcoming ACTU (Australian Council of Trade Unions) Congress. This move underscores the unions' ongoing ef...
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First Home Buyers Have Two Weeks Left to Secure $12,000$ Tax Break
June 06, 2024 09:30 AM AEST| By Team Kalkine MediaFirst home buyers in Australia can boost their deposits by $12,000 through the First Home Super Saver Scheme (FHSSS). This scheme, though underutilized, allows buyers to make up to $15,000 in additional concessional super contributions annually, up t...
Salim Family Nets $180 Million Dividend from Former Rio Tinto Coal Mine
June 06, 2024 09:00 AM AEST| By Team Kalkine MediaIndonesia's Salim family has earned a $US180 million ($273 million) dividend from the Mount Pleasant coal mine in New South Wales, which they bought from Rio Tinto for $320 million. This comes even as the mine’s annual profit nearly halved due to a d...
Godfreys Collapse: Creditors Left Unpaid, Employees to Receive Partial Payouts
June 05, 2024 11:18 AM AEST| By Team Kalkine MediaGodfreys, a well-known retailer with a history spanning over 90 years, faced a dramatic collapse in late January. The company's downfall can be attributed to intense competition from larger rivals such as Harvey Norman and Amazon, which offered a wid...
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Universities Criticize Government's Plan to Cut International Students
June 05, 2024 07:30 AM AEST| By Team Kalkine MediaUniversities have criticized both political parties for using foreign students as "cannon fodder" in efforts to reduce migration, potentially risking thousands of jobs and harming the nation’s second-most-lucrative export sector. This backlash comes...
Modi to Remain Prime Minister Despite Losing Majority
June 05, 2024 07:00 AM AEST| By Team Kalkine MediaNarendra Modi has firmly pledged to continue as India's prime minister, despite the significant political shift marked by his Bharatiya Janata Party (BJP) losing its parliamentary majority for the first time in ten years. This new political landscape...
RBA Keeps Rates Steady at 4.35%
June 04, 2024 12:50 PM AEST| By Team Kalkine MediaThe Reserve Bank of Australia (RBA) has decided to keep the cash rate target unchanged at 4.35% and the interest rate on Exchange Settlement balances at 4.25%. Despite the high inflation, it is falling more gradually than anticipated. The Consumer Pr...
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Afterpay Seeks Clarity on New Government Regulations
June 04, 2024 08:30 AM AEST| By Team Kalkine MediaAfterpay has raised concerns about the federal government's new regulations for buy now, pay later (BNPL) providers, stating that they will create "significant regulatory uncertainty" and fail to understand how millions of people use these short-term...
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