Sydney Morning Herald – Business

Sydney Morning Herald – Business

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Australia business/markets desk with strong APAC equities and macro coverage.

Barkly Gets Green Light for 10,000m NT Rare Earths Drilling Blitz
NewsApr 28, 2026

Barkly Gets Green Light for 10,000m NT Rare Earths Drilling Blitz

Barkly Rare Earths secured an environmental mining licence, enabling a 10,000‑metre drilling campaign at its Northern Territory flagship project. The phase‑one resource extension will test lateral expansion of its 40 million‑tonne inferred resource, which contains 2,100 ppm TREO (about 82,000 tonnes of TREO)....

By Sydney Morning Herald – Business
Scott Was Already Working Late on Fuel Supply when a Call Stopped Him Cold
NewsApr 27, 2026

Scott Was Already Working Late on Fuel Supply when a Call Stopped Him Cold

Viva Energy chief executive Scott Wyatt stayed on a midnight call on April 15 to finalize the purchase of 100 million litres of diesel, split between two tankers from Brunei and South Korea. The deal, worth roughly $115 million USD, comes as...

By Sydney Morning Herald – Business
‘Basically Sending Someone Unarmed Into War’: The Life-or-Death Decision Silke Faces Every Day
NewsApr 27, 2026

‘Basically Sending Someone Unarmed Into War’: The Life-or-Death Decision Silke Faces Every Day

Captain Silke Lehmköster, fleet‑managing director at Hapag‑Lloyd, wrestles daily with whether to move five container ships stranded in the Persian Gulf through the war‑torn Strait of Hormuz. Early last week she cleared the Tema Express, which slipped through under a new...

By Sydney Morning Herald – Business
Coles and Woolies Need to Eat some of the Food Price Rise Pain
NewsApr 26, 2026

Coles and Woolies Need to Eat some of the Food Price Rise Pain

The ongoing Iran conflict is pushing diesel and fertilizer costs higher, sparking a wave of food‑price increases at Australia’s two biggest grocery chains, Coles and Woolworths. Morgan Stanley now projects food inflation at roughly 4% annually, a full percentage point...

By Sydney Morning Herald – Business
Mental Health Becomes a Financial Battleground as Insurance Premiums Soar
NewsApr 26, 2026

Mental Health Becomes a Financial Battleground as Insurance Premiums Soar

Personal‑risk insurance premiums in Australia are spiking as mental‑health claims surge, with AustralianSuper warning of up to a 40% rise in total‑and‑permanent‑disability cover. CALI reports claim costs have doubled to AU$2.4 billion (≈US$1.6 billion) and that claims from people in their 30s...

By Sydney Morning Herald – Business
Beware of Resource-Hungry Big Tech Taking a Foothold
NewsApr 24, 2026

Beware of Resource-Hungry Big Tech Taking a Foothold

Microsoft announced a A$25 b (≈US$16.5 bn) AI and data‑center investment in Australia, sparking debate over its economic payoff. Critics argue the plan adds pressure to a city already grappling with a construction‑worker shortage and a housing deficit. They warn that power‑...

By Sydney Morning Herald – Business
LinkedIn Wins News Bargaining Reprieve as Microsoft Boss Lands in Sydney
NewsApr 22, 2026

LinkedIn Wins News Bargaining Reprieve as Microsoft Boss Lands in Sydney

Microsoft‑owned LinkedIn is expected to be excluded from Australia’s new News Media Bargaining Incentive, a tax‑like scheme that forces large platforms to pay for the news content they surface. The carve‑out could save Microsoft roughly $111 million USD a year, based...

By Sydney Morning Herald – Business
KIIS Turns Tables on Kyle and Jackie O, Sues Pair for Millions
NewsApr 22, 2026

KIIS Turns Tables on Kyle and Jackie O, Sues Pair for Millions

Australian radio network ARN (owner of KIIS) has sued Kyle Sandilands and Jackie “O” Henderson, alleging they breached a $200 million (≈$132 million USD) ten‑year deal that cost the station millions in advertising revenue. ARN seeks to claw back 87.92% of a...

By Sydney Morning Herald – Business
Hastings Eyes US$53M First-Year Revenue From Thai Rare Earths Plant
NewsApr 22, 2026

Hastings Eyes US$53M First-Year Revenue From Thai Rare Earths Plant

Hastings Technology Metals disclosed that its Kabin Buri hydromet plant in Thailand is on track to start producing mixed rare‑earth chloride (MREC) in Q4 2026, with unaudited first‑year revenue estimated at US$53.4 million (≈US$49 million). The 49% stake should generate about US$10.6 million...

By Sydney Morning Herald – Business
Gateway Hits End-of-Hole Gold at WA Yandal Play
NewsApr 22, 2026

Gateway Hits End-of-Hole Gold at WA Yandal Play

Gateway Mining announced a 32‑metre gold intercept averaging 1.1 g/t from an air‑core hole at its Mustang prospect within the Yandal project in Western Australia. The drill also returned an 8‑metre high‑grade segment at 2.1 g/t, extending mineralisation 500 m north and pushing...

By Sydney Morning Herald – Business
Searches up 900%: Google Faces Influx of Illegal Peptide Ads
NewsApr 19, 2026

Searches up 900%: Google Faces Influx of Illegal Peptide Ads

Google is facing a surge in advertisements for illegal synthetic peptides, with searches for terms like BPC‑157, GHK‑CU and Retatrutide jumping up to 900% over the past year. The ads violate Google’s own policies and Australian law, prompting the company...

By Sydney Morning Herald – Business
Tim Tams and Oreos: The 12 Grocery Items Woolworths and ACCC Will Fight over in Court
NewsApr 19, 2026

Tim Tams and Oreos: The 12 Grocery Items Woolworths and ACCC Will Fight over in Court

Woolworths faces a Federal Court showdown with the Australian Competition and Consumer Commission (ACCC) over its “Prices Dropped” program, which the regulator alleges featured illusory discounts on staple groceries. The case zeroes in on 12 items – from Tim Tams...

By Sydney Morning Herald – Business
They Promise Glowing Skin, a Ripped Body and Better Sex. Peptides Are Having a Moment – but Are They Safe?
NewsApr 18, 2026

They Promise Glowing Skin, a Ripped Body and Better Sex. Peptides Are Having a Moment – but Are They Safe?

Peptide injections have surged in popularity after influencers and startups like Superpower, a $300 million health‑tech firm, began touting benefits ranging from youthful skin to enhanced workouts and sexual performance. The debate intensified when Superpower founder Max Marchione faced off with...

By Sydney Morning Herald – Business
Ultra-Cheap Ozempic Is Coming. That’s a Mixed Blessing for Australians
NewsApr 13, 2026

Ultra-Cheap Ozempic Is Coming. That’s a Mixed Blessing for Australians

Ozempic, the semaglutide‑based weight‑loss drug, currently costs about AU$300 per month (≈US$200) for private patients in Australia. Two key patents protecting the drug are set to expire in late 2029 and again in 2031, paving the way for generic versions....

By Sydney Morning Herald – Business
Dalaroo Lists on OTCQB Market to Meet US Greenland Rare Earths Demand
NewsApr 13, 2026

Dalaroo Lists on OTCQB Market to Meet US Greenland Rare Earths Demand

Dalaroo Metals secured a secondary quotation on the OTCQB market under the ticker DALMF, creating a non‑dilutive U.S. trading platform for its shares. The listing lets North American investors buy and sell in dollars during local market hours without adding...

By Sydney Morning Herald – Business
Beetaloo Locks in $66.3M to Fast-Track to First NT Gas
NewsApr 13, 2026

Beetaloo Locks in $66.3M to Fast-Track to First NT Gas

Beetaloo Energy Australia secured a A$66.3 million (≈US$44 million) capital raise and expanded its A$45 million (≈US$30 million) mid‑stream facility, positioning the company to deliver its first pilot gas from the Carpentaria project by Q4 2026. A follow‑on share plan targets an additional A$5 million (≈US$3 million)...

By Sydney Morning Herald – Business
Shareholders Expected to Claw Back Losses in Brambles Class Action Win
NewsApr 12, 2026

Shareholders Expected to Claw Back Losses in Brambles Class Action Win

The Federal Court handed down a 1,233‑page judgment finding Brambles Ltd. breached continuous disclosure rules by delaying the withdrawal of FY‑2017 earnings guidance, causing a 15.8% share‑price plunge followed by a further 9.9% drop. The ruling marks the first Australian...

By Sydney Morning Herald – Business
Qantas Plane that Can Leapfrog Middle East Rolls Off Assembly Line
NewsApr 12, 2026

Qantas Plane that Can Leapfrog Middle East Rolls Off Assembly Line

Qantas’ Project Sunrise has taken delivery of its first Airbus A350‑1000 ULR, rolling off the Toulouse assembly line and entering a two‑month flight‑testing program. The ultra‑long‑range aircraft can fly up to 22 hours nonstop, thanks to an extra 20,000‑litre rear‑centre...

By Sydney Morning Herald – Business
Australia in No Position to Ease Asian Gas Crunch, Data Shows
NewsApr 12, 2026

Australia in No Position to Ease Asian Gas Crunch, Data Shows

Australia’s LNG export terminals are operating at near‑full capacity—Queensland at 94.6% and Western Australia at 98%—leaving little room to increase shipments to Asia. A new energy‑security pact with Singapore guarantees refined fuel imports for Australia while Australia re‑affirms steady LNG...

By Sydney Morning Herald – Business
Iran-US Ceasefire Fails to Lower Airfares – for Now at Least
NewsApr 11, 2026

Iran-US Ceasefire Fails to Lower Airfares – for Now at Least

A two‑week US‑Iran‑Israel cease‑fire has not eased airline ticket prices because jet fuel supplies remain constrained. Jet fuel costs have surged from about $75 to $191 per barrel, pushing Sydney‑London round‑trip fares from roughly $1,350‑$2,450 to $1,755‑$4,485. With fuel representing...

By Sydney Morning Herald – Business
Work From Home Tax Claims Restricted After ATO Court Victory
NewsApr 10, 2026

Work From Home Tax Claims Restricted After ATO Court Victory

The Australian Federal Court overturned an Administrative Review Tribunal decision that had allowed ABC presenter Ned Hall to claim $5,878 AUD (≈$3,880 USD) in rent and transport deductions for a home office during COVID lockdowns. The court ruled that rent and commuting...

By Sydney Morning Herald – Business
Kaiser Builds $45.6M War Chest on Steady Vic,Tassie Gold Output
NewsApr 10, 2026

Kaiser Builds $45.6M War Chest on Steady Vic,Tassie Gold Output

Kaiser Reef closed its March quarter with a cash balance of A$45.6 million (about $30 million USD) and total gold output of 5,534 ounces. Production was driven by the Henty mine in Tasmania, which delivered 5,188 ounces of gold and 4,810 ounces of silver, while...

By Sydney Morning Herald – Business
ASX Edges Higher as Fragile Ceasefire Tests Investor Optimism
NewsApr 9, 2026

ASX Edges Higher as Fragile Ceasefire Tests Investor Optimism

Australia’s ASX200 edged up 0.2% to 8,973 points on Thursday as oil prices recovered and energy and financial stocks provided support. The market’s modest gain came amid a fragile US‑Iran cease‑fire, with the Strait of Hormuz still partially closed, keeping...

By Sydney Morning Herald – Business
Canberra Backs Ardea Mammoth WA Nickel Project
NewsApr 9, 2026

Canberra Backs Ardea Mammoth WA Nickel Project

Ardea Resources’ Kalgoorlie Nickel Project (KNP) has been selected for Australia’s Investor Front Door pilot, giving it a dedicated federal liaison to speed regulatory approvals. The project hosts the nation’s largest nickel‑cobalt resource—about 6.1 million tonnes of nickel and 386,000 tonnes of...

By Sydney Morning Herald – Business
Not All Exporters Will Get a Tariff Refund From the US. Here’s Why
NewsApr 8, 2026

Not All Exporters Will Get a Tariff Refund From the US. Here’s Why

Australian exporters can seek refunds for tariffs deemed illegal after the US Supreme Court ruled Donald Trump’s IEEPA‑based duties unlawful. The Court of International Trade ordered refunds, prompting firms such as Rio Tinto, Breville and Bondi Boost to file claims. Refunds are...

By Sydney Morning Herald – Business
Osmond Targets First Rare Earths Production in EU
NewsApr 8, 2026

Osmond Targets First Rare Earths Production in EU

Osmond Resources is accelerating its Orión EU critical minerals project in Andalucía, Spain, aiming to become the European Union’s first producer of rare earths, titanium, zirconium and hafnium. The company has defined 2 million‑tonne‑per‑year processing modules and expanded its drilling program...

By Sydney Morning Herald – Business
Zenith Targets High-Grade WA Gold Uplift with New Drilling Blitz
NewsApr 8, 2026

Zenith Targets High-Grade WA Gold Uplift with New Drilling Blitz

Zenith Minerals has launched a 1,350‑metre reverse‑circulation drilling campaign at its Consolidated Dulcie gold project in Western Australia, aiming to boost the recently defined inferred resource of 21.3 Mt at 1.0 g/t (675,000 oz). The eight‑hole program targets high‑grade extensions at Dulcie South...

By Sydney Morning Herald – Business
Macarthur Lands Mining Heavyweight to Cornerstone WA Iron Ore Dreams
NewsApr 8, 2026

Macarthur Lands Mining Heavyweight to Cornerstone WA Iron Ore Dreams

Macarthur Minerals announced that mining services veteran Steve Wyatt, through his Destec Holdings, has become a cornerstone shareholder after a $1.25 million capital raise. The funds will be used to keep the company’s tenements in good standing and provide working capital...

By Sydney Morning Herald – Business
How Banks Are only ‘Partially’ Raising Rates for Savers
NewsApr 5, 2026

How Banks Are only ‘Partially’ Raising Rates for Savers

Australian banks have raised the bonus rates on their high‑condition savings products but left the base rates for ordinary savers largely unchanged after the Reserve Bank of Australia lifted the cash rate to 4.1%. About 40% of customers miss the...

By Sydney Morning Herald – Business
Hastings Snaps up Bargain Rare Earths Hydromet Plant
NewsMar 31, 2026

Hastings Snaps up Bargain Rare Earths Hydromet Plant

Hastings Technology Metals has secured a 49% stake in a partially built rare‑earths hydrometallurgical plant in Kabin Buri, Thailand, for a total consideration of about US$15 million. The facility, already permitted, is slated for commissioning in the June‑September quarter and aims to...

By Sydney Morning Herald – Business
ClearVue Awarded International Certification on Rooftop Solar Panels
NewsMar 31, 2026

ClearVue Awarded International Certification on Rooftop Solar Panels

ClearVue Technologies, in partnership with Helios Power, secured International Electrotechnical Commission (IEC) certification for its new building‑integrated photovoltaic (BIPV) rooftop panels. The metal‑backed design offers weatherproofing, fire‑class A safety, and enhanced wind‑load performance, extending roof lifespan. With the certification in...

By Sydney Morning Herald – Business
Businesses Warn of Price Rises From RBA’s Surcharge Ban
NewsMar 31, 2026

Businesses Warn of Price Rises From RBA’s Surcharge Ban

The Reserve Bank of Australia will prohibit most credit‑ and debit‑card surcharges from 1 October, a move projected to save consumers roughly US$1.06 billion each year. At the same time, the RBA will cap interchange fees, lowering credit‑card rates to 0.3 % and...

By Sydney Morning Herald – Business
ABC and Unions Expected to Reach Pay Deal After Landmark Strike
NewsMar 31, 2026

ABC and Unions Expected to Reach Pay Deal After Landmark Strike

ABC and its two major staff unions are poised to finalize a new pay agreement, ending the first industrial action at the broadcaster in two decades. The deal offers a 10.5% wage increase over three years, with a 4% rise...

By Sydney Morning Herald – Business
Made by Shein: The Ultra-Fast Fashion Giant Is Pitching Itself to Aussie Clothing Labels
NewsMar 30, 2026

Made by Shein: The Ultra-Fast Fashion Giant Is Pitching Itself to Aussie Clothing Labels

Shein is courting Australian fashion labels to join its Xcelerator program, a supply‑chain‑as‑a‑service platform that plugs brands into its AI‑driven manufacturing, logistics and e‑commerce network. The initiative, which already supports 20 brands worldwide and has generated more than $400 million in...

By Sydney Morning Herald – Business
Aureka Sends Survey Drones Skyward to Unlock Victorian Gold Potential
NewsMar 30, 2026

Aureka Sends Survey Drones Skyward to Unlock Victorian Gold Potential

Aureka Limited has launched a low‑altitude, high‑resolution drone magnetic survey over its Irvine gold project in Victoria’s Stawell Corridor. The survey, flying at 50 metres with 50‑metre line spacing, aims to deliver a dramatically clearer picture of subsurface structures than the...

By Sydney Morning Herald – Business
ASX Loses Ground as Big Banks Slump; Oil Prices Rise Again
NewsMar 30, 2026

ASX Loses Ground as Big Banks Slump; Oil Prices Rise Again

The S&P/ASX 200 slipped 0.7% to 8,461 as major banks fell and Brent crude surged to $116.75 a barrel amid heightened Middle‑East tensions. Houthi missile activity in the Red Sea added shipping volatility, though analysts view it as a risk rather...

By Sydney Morning Herald – Business
Locksley Reveals Ultra-Stable Battery Material in US Antimony Push
NewsMar 30, 2026

Locksley Reveals Ultra-Stable Battery Material in US Antimony Push

Locksley Resources, partnering with Rice University, has created an ultra‑stable antimony‑graphite battery material that incorporates up to 20% antimony. The collaboration uses a deep eutectic solvent (DES) process to extract high‑purity antimony without conventional flotation, accelerating a US‑focused mine‑to‑market supply...

By Sydney Morning Herald – Business
West Wits Banks Fuel Supply as SA Gold Project Gears for Grid Power
NewsMar 30, 2026

West Wits Banks Fuel Supply as SA Gold Project Gears for Grid Power

West Wits Mining has secured 163,000 litres of diesel to cover up to four months of operation at its Qala Shallows gold project while awaiting a grid power connection slated for Q4 2026. The company is adding a 23,000‑litre mobile storage...

By Sydney Morning Herald – Business
Webjet Executives Depart as Legal Battle and Suitors Loom
NewsMar 30, 2026

Webjet Executives Depart as Legal Battle and Suitors Loom

Webjet CEO Katrina Barry resigned after less than two years, amid a wrongful‑dismissal lawsuit filed by former general counsel Meaghan Simpson. The airline’s board confirmed full‑year guidance for the year ending 31 March, but shares plunged to 53¢ AUD (≈$0.35 USD) after rejecting...

By Sydney Morning Herald – Business
Rideshare Giants Failing to Respond to Predatory Drivers, Labor Warns
NewsMar 29, 2026

Rideshare Giants Failing to Respond to Predatory Drivers, Labor Warns

Australia’s Labor Minister Amanda Rishworth is pressuring Uber and other rideshare firms to overhaul their handling of sexual‑misconduct complaints after investigations revealed drivers were often reinstated without proper evidence. The Fair Work Commission, empowered by gig‑economy unfair‑dismissal laws introduced in...

By Sydney Morning Herald – Business
Fuelled by Subsidised Diesel, Australia Is Running Dry
NewsMar 27, 2026

Fuelled by Subsidised Diesel, Australia Is Running Dry

Australia’s diesel consumption tops 7.7 barrels per person annually, about 80% higher than the United States and eight times China’s level, driven by generous rebates and a vast, low‑density transport network. The federal budget allocates roughly $10.8 billion to diesel tax...

By Sydney Morning Herald – Business
ASX Runners of the Week: Killi, Amplia, NuEnergy and 4D Medical
NewsMar 27, 2026

ASX Runners of the Week: Killi, Amplia, NuEnergy and 4D Medical

Killi Resources surged 304% after appointing former Fortescue chief Nev Power as non‑executive chair, raising $1.4 million and winning a Queensland CEI grant for drilling at Mt Rawdon West. Amplia Therapeutics more than doubled its price, reporting a 7.8% complete‑response rate in...

By Sydney Morning Herald – Business
My Colleagues Disappear for Hours at a Time. What Should I Do?
NewsMar 26, 2026

My Colleagues Disappear for Hours at a Time. What Should I Do?

A small team member notices coworkers frequently disappearing for hours, sometimes without explanation, prompting concerns about hidden workplace hierarchies. The article advises a respectful, direct inquiry to clarify absences while noting the risks of breaching tacit cultural norms. It stresses...

By Sydney Morning Herald – Business
How Tech Helps Australia’s Largest Insurer Support Customers when It Matters Most
NewsMar 25, 2026

How Tech Helps Australia’s Largest Insurer Support Customers when It Matters Most

IAG, Australia’s largest insurer, is undergoing a sweeping digital transformation to strengthen its response to climate‑driven events and improve customer experience. The initiative consolidates legacy systems, moves to cloud‑native platforms, and integrates AI‑powered claim handling. A strategic partnership with Optus...

By Sydney Morning Herald – Business
The Estate of ‘Britain’s Bill Gates’ Ordered to Pay $1.8 Billion to US Giant Two Years After His Tragic Death
NewsMar 24, 2026

The Estate of ‘Britain’s Bill Gates’ Ordered to Pay $1.8 Billion to US Giant Two Years After His Tragic Death

Mike Lynch’s estate has been ordered by a UK High Court to pay Hewlett Packard $1.8 bn for the disputed 2011 sale of his software firm Autonomy. The judgment, which includes $236 m in interest, follows HP’s claim that Lynch and former CFO...

By Sydney Morning Herald – Business
H3 Energy Helium Play Adds Spark to South Australia Gas Ambitions
NewsMar 24, 2026

H3 Energy Helium Play Adds Spark to South Australia Gas Ambitions

Australian explorer H3 Energy has initiated a targeted helium assessment across the Milford and Milford East structures of its Alinya project in South Australia’s Officer Basin. The study follows Sproule ERCE’s independent estimate of up to 209 billion cubic feet of helium...

By Sydney Morning Herald – Business
The Sydney Suburbs that Will Cop the Biggest Uber Price Rises
NewsMar 23, 2026

The Sydney Suburbs that Will Cop the Biggest Uber Price Rises

Uber announced a permanent fare overhaul in Sydney, raising customer prices by an average of 5% and driver earnings by 6% nationwide. The new structure imposes higher fares on trips that start in affluent suburbs such as Mosman, Manly, Bondi...

By Sydney Morning Herald – Business
KIIS Expected Me to Berate Henderson, Sandilands Tells Court
NewsMar 23, 2026

KIIS Expected Me to Berate Henderson, Sandilands Tells Court

Controversial radio host Kyle Sandilands has filed a Federal Court claim seeking to overturn ARN's termination of his $100 million (≈$66 million) KI & S contract. The filing reveals a $7.4 million (≈$4.9 million) base salary, $120,000 (≈$79,000) flight allowance, $500,000 (≈$330,000) advertising budget and $2 million...

By Sydney Morning Herald – Business
Iran War a Setback for Super Returns as Investors Brace for Fallout
NewsMar 22, 2026

Iran War a Setback for Super Returns as Investors Brace for Fallout

The escalation of the US‑Israel conflict with Iran has pushed global equity markets down more than 5%, dragging Australian superannuation returns lower. Median growth‑option super funds fell about 3% in March, leaving the financial‑year return at roughly 3.3%, while balanced...

By Sydney Morning Herald – Business