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Video
Qatar Airways CEO Optimistic on Expanding Australian Flights
June 04, 2024 08:10 AM AEST| By Team Kalkine MediaQatar Airways' new CEO, Badr Mohammed Al Meer, has expressed optimism regarding the ongoing discussions with the Australian government about expanding air rights. These talks aim to increase the frequency of Qatar Airways flights to and from Australi...
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Financial Crimes Watchdog Targets NSW Clubs Over Poker Machine Profits
June 04, 2024 07:30 AM AEST| By Team Kalkine MediaAustralia's financial crimes watchdog, AUSTRAC, has intensified its scrutiny of the New South Wales (NSW) clubs industry, focusing specifically on Mounties, a major operator of poker machines located in Sydney's southwest. This increased surveillance...
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"Govt Orders Chinese Investors to Reduce Stakes in Northern Minerals"
June 04, 2024 07:00 AM AEST| By Team Kalkine MediaThe Yuxiao Fund and its associates, linked to Chinese conglomerates, must reduce their shareholdings in Northern Minerals after the government deemed the purchase against the national interest. The Foreign Investment Review Board advised Treasurer Ji...
Will the Gandhi Dynasty Survive? Crucial Election for India's Congress Party
June 03, 2024 12:41 PM AEST| By Team Kalkine MediaIn the upcoming Indian elections, the Nehru-Gandhi dynasty and the Congress party face a crucial battle for survival. As Prime Minister Narendra Modi and the Bharatiya Janata Party (BJP) aim for a third term, analysts predict a BJP victory, signaling...
Overcoming Challenges: Fletcher Building's Debt Facility Extension
June 03, 2024 12:07 PM AEST| By Team Kalkine MediaFletcher Building, a prominent building materials group, has extended the maturity date for a significant debt facility to better navigate anticipated tough times in the industry. Nick Traber, the acting CEO of the Australasian group, announced that...
Gina Rinehart Increases Stake in Vulcan Energy Resources
June 03, 2024 12:04 PM AEST| By Team Kalkine MediaGina Rinehart, through Hancock Prospecting, has increased her stake in Vulcan Energy Resources to 7.5% by investing over $20 million. This investment supports Vulcan’s flagship lithium project in Germany. CIMIC, Australia’s largest privately owned bu...
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Red Sea Crisis Escalates Amid Unchanged Oil Prices
June 03, 2024 11:00 AM AEST| By Team Kalkine MediaThe Red Sea crisis is escalating as the United States prepares to designate Iran-backed Houthi rebels as a terrorist organization following a series of missile strikes in Yemen. This move underscores the increasing severity of the conflict in the reg...
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Australian Share market Gains in Early June Trading
June 03, 2024 10:30 AM AEST| By Team Kalkine MediaAustralia’s sharemarket has kicked off June with a promising start, continuing the upward momentum from the previous trading session. The S&P/ASX 200 index experienced a notable rise, climbing by 55 points, or 0.7%, to reach 7757. This positive perfo...
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OPEC+ Extends Production Cuts, Plans Gradual Increase
June 03, 2024 10:15 AM AEST| By Team Kalkine MediaOPEC+ has decided to extend oil production cuts to stabilize the market but will begin gradually increasing supply later this year. The agreement, reached in Riyadh, extends "voluntary" cuts from key members like Saudi Arabia and Russia into next yea...
Fair Work Commission Approves 3.75% Minimum Wage Increase
June 03, 2024 10:00 AM AEST| By Team Kalkine MediaOver 2.6 million Australian workers will receive a 3.75% minimum wage increase this year to help with cost-of-living pressures. The Fair Work Commission announced the raise on Monday but chose not to increase the 121 award rates significantly above i...
Foreign Student Housing Crisis Looms as Arrival Numbers Set to Plummet and Supply Falls Short
May 31, 2024 02:38 PM AEST| By Team Kalkine MediaA new analysis warns of a significant drop in foreign student numbers, potentially reducing arrivals to one-quarter of pre-pandemic levels....
Peter Warren Automotive Warns of Profit Decline Amid Economic Slowdown
May 31, 2024 02:24 PM AEST| By Team Kalkine MediaPeter Warren Automotive, the second-largest car dealership group on the ASX, has issued a cautionary statement, indicating that full-year profits may fall short of investor expectations by as much as 20%. This warning comes as margins decline in a sl...
Optus Increases Prices on Popular Mobile Plans
May 31, 2024 02:17 PM AEST| By Team Kalkine MediaOptus has raised prices on its most affordable and popular monthly mobile phone plans for new customers by 5-6%, citing rising operational costs. The cheapest "postpaid" plan now costs $52, up from $49, offering 50GB of data instead of 30GB. This inc...
Westpac’s RAMS Franchise Faces ASIC Investigation and Class Action
May 31, 2024 02:13 PM AEST| By Team Kalkine MediaWestpac-owned mortgage broking franchise, RAMS Financial, is under investigation by the Australian Securities and Investments Commission (ASIC) for potential breaches of credit rules, including responsible lending practices by franchisees over the pa...
Escalating US-China Trade War: Tariffs on Chinese Goods Spark Global Economic Shift
May 31, 2024 12:06 PM AEST| By Team Kalkine MediaThe current trade dynamics between the United States and China are marked by significant tariffs and protectionist measures that reflect a deepening rivalry between the two economic giants....
Superannuation Funds Facing Growing Withdrawals Amid Aging Population
May 29, 2024 07:00 AM AEST| By Team Kalkine MediaSuperannuation funds in Australia, including Colonial First State, Care Super, and First Super, are experiencing an increasing number of customers withdrawing money for retirement. This trend emerges as the influx of new contributions from workers be...
AI Expected to Replace 30% of Executive Jobs Within Two Years
May 28, 2024 08:30 AM AEST| By Team Kalkine MediaThe exponential growth of artificial intelligence (AI) stands as a harbinger of significant disruption in executive roles across diverse industries, heralding the advent of a transformative era in leadership. As AI technologies advance rapidly, they...
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Accolade Wines Halts Merger Discussions as Australian Vintage Seeks Capital Infusion"
May 28, 2024 08:00 AM AEST| By Team Kalkine MediaAustralian Vintage, the parent company of renowned wine labels McGuigan, Tempus Two, and Nepenthe, is implementing urgent strategies to secure a necessary capital infusion. This decisive action follows the abrupt suspension of merger discussions with...
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Healius Plans to Sell $650M Imaging Division Following UBS Review
May 28, 2024 07:30 AM AEST| By Team Kalkine MediaHealius, which previously operated under the name Primary Health Care, is moving forward with plans to sell its Lumus Imaging division. This decision comes after a thorough three-month strategic review focused on rejuvenating and streamlining the com...
Consortium's Proposal to Star Entertainment Sparks Controversy Over Hard Rock Partnership
May 28, 2024 07:00 AM AEST| By Team Kalkine MediaA consortium that recently made an informal proposal to Star Entertainment has emphasized its long-standing commercial partnership with Hard Rock International, highlighting the depth of their collaborative history. This established relationship sugg...
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