Exports of coal from the world’s biggest coking coal region are expected to be heavily impacted by the damage caused to rail lines in northeast Australia. The catastrophe comes in the wake of Cyclone Debbie, which resulted in damage to an area of 1,000 kilometres.
Iron ore spot markets suffered a downslide on Monday, pulling the benchmark level below US$80 (AU$105.15) a dry tonne. It the first time since early January that such a low number has been recorded.
Auckland Transport has announced that it needed up to 600 general workers to build the City Rail Link (CRL) when the construction peaks.
Women groups and politicians have been surprised after learning that £250,000 (AU$411,936) of the tampon tax was going to anti-abortion group Life.
Asia’s coal markets were affected in March by cyclone affecting the mines in Australia and port disruptions seen in Indonesia. This comes as the strength of Chinese demand and other important import markets persist, thereby enhancing prices.
Brexit has divided the British people as it raised concerns in terms of the country's economy.
Iron ore spot markets witnessed a decline on Thursday, a setback that follows the gains of the last few days. This comes after Chinese futures experienced a reversal earlier in the session.
Tesla Model Y release date, news and update: Tesla Roadster may take a backseat, as Musk teases details on electric SUV
While Tesla Model 3 continues to catch every car buyer’s attention, there is another electric vehicle in the making that will complete the company’s “S3XY” line-up. It’s none other than Tesla Model Y, whose details are expected in the coming week.
Toshiba's nuclear unit, Westinghouse has filed for Chapter 11 or bankruptcy protection.
As Australia finds itself facing the “post boom” era, the contribution of the mining industry has been much larger than previously believed. The sector accounts for as much as 10 percent of all jobs. According to Reserve Bank of Australia (RBA) board member Ian Harper, the “export phase” of the mining boom has another 30 years to run.
Iron ore spot markets continued to increase for the second session in a row on Wednesday. As Chinese futures enjoyed a rise overnight, the trend is likely to continue on Thursday.
Telstra has announced two assistance packages for its Northern Queensland customers affected by Cyclone Debbie.
ACCC won the case against Telstra after Federal Court justice Lindsay Foster dismissed the telecommunications company's application for judicial review of the competition watchdog's 2014 Final Access Determination.
Woolworths CEO Brad Banducci has responded to health-conscious shoppers' demand for a greater transparency around their food.
Fortescue Metals chief executive Nev Power has said Australia can find its next biggest source for iron ore demand in India. Currently, China serves as the Australia’s largest customer.
Iron ore spot markets reversed on Tuesday after witnessing heavy losses in the past several days. The trend will likely continue on Wednesday as Chinese futures remained strong overnight.
Tesla Model 3 is 10 times safer than average car on road; Morgan Stanley analyst reveals big opportunity
Morgan Stanley analyst Adam Jonas is of the opinion that the safety of Tesla Model 3 will allow the electric vehicle maker to steal away market share from its competitors. This is Tesla’s big opportunity, too good to miss.
According to a new industry report, Queensland will be home to major engineering work in 2017-2018 that will allow the state to reverse its five-year decline. However, it warns that without funding commitments, any improvements will not be met with long-term results.
Vodafone, Foxtel, Bunnings and more Australian companies are joining the boycott of YouTube advertising. The Google-owned video site has since apologised and promised to make necessary changes after it was learnt that unwitting companies’ ads appeared next to extremist content videos.
New Zealand Prime Minister Bill English and China's Premier Li Keqiang have announced that talks on upgrading the New Zealand-China Free Trade Agreement would begin on Anzac Day.
Iron ore spot prices sustained a heavy loss on Monday, marking the fifth loss in the previous six sessions. Falling by 4 percent, the mineral slid down to its minimum in seven weeks.
A gate agent of the United Airlines (UA) has barred two young girls at the Denver International Airport because they were wearing leggings.
Tesla Model 3 cannot topple Model S in speed and performance; Special Heads-Up-Display on dashboard a myth
Tesla Model 3 won’t be more advanced than the Tesla Model S in any manner. CEO Elon Musk dashed hopes of future owners and current fans through a series of tweets.
Qantas has postponed its in-flight Wi-Fi launch due to technical issues.
Companies engaged in cultivation and harvesting of medicinal cannabis are revelling in the ‘pot stock’ boom. Their shares have surged by as much as 130 percent this year. The escalation is almost six times as compared to the companies in the United States and Canada.
Iron ore spot markets slumped yet again on Friday, dropping by a margin of nearly 8 percent this week. With this, the loss shrunk this year's gain to 7.8 percent.
Medicinal cannabis should be subsidised on the Pharmaceutical Benefits Scheme (PBS), according to Queensland Health Minister Cameron Dick. The news comes on the heels of the examination of a bill that pushes for lowering the prices of drugs and making them available for patients in Queensland.
Brantano has announced that it would enter into administration as it suffered from rise in costs since post-EU referendum fall in sterling.
Accenture has won the bid in providing systems integration services to transform Australia's Centrelink payment system.
Mining giant Rio Tinto has awarded contracts worth $1.38 billion for the development of the Amrun bauxite mine project. Of these, Queensland suppliers have received nearly two-thirds, amounting to $900 million, of the contracts. More than 500 companies have been associated with the project in the state.
Iron ore prices witnessed a downslide for the second consecutive day. With this, the Australian export dove to a six-week low, dropping by a substantial margin overnight in terms of percentage since December.
In an exclusive interview with International Business Times Australia, Mackay shares more of how his business started, what pushed him to pursue his passion, his secrets to success, as well as setbacks in the industry.
SunPower CEO Tom Werner has been skeptical that Tesla CEO Elon Musk could pull off an affordable solar roof.
Optus Business has announced that it would support EnergyAustralia's telecommunications needs through its new expanded telecommunications and managed-services agreement.