The Age – Business

The Age – Business

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Australia corporate and economy reporting with Asia‑Pacific relevance.

Employers Warn of Price Pressures as One in Five Workers Get 4.75% Pay Rise
NewsJun 2, 2026

Employers Warn of Price Pressures as One in Five Workers Get 4.75% Pay Rise

The Fair Work Commission approved a 4.75% wage increase for about 3 million Australian award‑scale workers and a 6% boost for the 100,000 minimum‑wage earners. From July 1 the national minimum wage rises to $1,004.90 AUD per week (≈ $663 USD), pushing the annual minimum...

By The Age – Business
‘Should Be Illegal’: BTS Fans Livid over Ticketmaster’s ‘Very Predatory’ Hidden Prices
NewsMay 27, 2026

‘Should Be Illegal’: BTS Fans Livid over Ticketmaster’s ‘Very Predatory’ Hidden Prices

Ticketmaster is keeping BTS Arirang tour ticket prices hidden until a 30‑minute digital waiting room opens, forcing Australian fans to decide under intense time pressure. Prices are expected to exceed 500 AUD (≈330 USD), sparking accusations of predatory practices and calls for regulatory...

By The Age – Business
OpenAI Boss Downplays Jobs Apocalypse as ‘Threats of Violence’ Hit Aussie Tech Giant
NewsMay 26, 2026

OpenAI Boss Downplays Jobs Apocalypse as ‘Threats of Violence’ Hit Aussie Tech Giant

OpenAI CEO Sam Altman downplayed the feared AI‑driven jobs apocalypse during a virtual AI event in Sydney, saying predictions may be wrong and future work will be hard to forecast. His remarks coincided with Australian software firm WiseTech cutting roughly...

By The Age – Business
Dateline Taps Global Project Manager for California Gold Push
NewsMay 22, 2026

Dateline Taps Global Project Manager for California Gold Push

Dateline Resources has engaged global project‑management firm Alvarez & Marsal to oversee construction of its Colosseum gold project in California, embedding A&M staff as an in‑house development team. The project’s bankable feasibility study forecasts $1.08 billion in undiscounted pre‑tax cash flow, a...

By The Age – Business
ASX Runners of the Week: Key Petroleum, Kaoko, Swift TV & Caprice
NewsMay 8, 2026

ASX Runners of the Week: Key Petroleum, Kaoko, Swift TV & Caprice

Key Petroleum surged 233% as it awaits Potential Commercial Area approvals for its Cooper‑Eromanga basin permits, a step that could de‑risk the junior and attract partners. Kaoko Metals completed a $6.5 million IPO and is drilling high‑grade copper‑silver targets in Namibia’s...

By The Age – Business
The $35 Million Macquarie Man Who Out-Earned His Own CEO
NewsMay 8, 2026

The $35 Million Macquarie Man Who Out-Earned His Own CEO

Macquarie Group reported a record $4.8 bn profit, a 30% jump driven by its commodities division. Division head Simon Wright received $35.4 m AUD (≈$23.4 m USD), out‑earning CEO Shemara Wikramanayake whose total was $26.5 m AUD (≈$17.5 m USD). The surge stemmed from a...

By The Age – Business
Aurum Keeps Piling on the Ounces at Giant Côte D’Ivoire Gold Play
NewsMay 7, 2026

Aurum Keeps Piling on the Ounces at Giant Côte D’Ivoire Gold Play

Aurum Resources reported a series of robust gold intercepts from its Boundiali project in northern Côte d’Ivoire, highlighted by a 40.6‑metre interval averaging 1.06 g/t gold and a high‑grade spike of 2 metres at 12.82 g/t. The BDT2 deposit now hosts an estimated...

By The Age – Business
Why Did My Workplace Agree to an Idea We Knew Would Fail?
NewsMay 7, 2026

Why Did My Workplace Agree to an Idea We Knew Would Fail?

The piece examines why teams sometimes endorse clearly flawed proposals, using the classic Abilene paradox as a lens. It recounts the original story of a family traveling to Abilene despite not wanting to, then maps that dynamic onto modern workplaces...

By The Age – Business
Michele Bullock Has Made a Bold Move – and It’s Not the Rate Rise
NewsMay 7, 2026

Michele Bullock Has Made a Bold Move – and It’s Not the Rate Rise

Reserve Bank of Australia Governor Michele Bullock broke her usual reticence by providing clearer forward guidance on the nation’s interest‑rate trajectory. Instead of deflecting questions, she hinted that upcoming rate hikes may slow, offering markets a rare glimpse into policy...

By The Age – Business
Peace Hopes Send ASX Higher in Early Trade; Tabcorp Tanks on AUSTRAC Probe
NewsMay 7, 2026

Peace Hopes Send ASX Higher in Early Trade; Tabcorp Tanks on AUSTRAC Probe

Australian equities rose 0.8% to 8,863.60 as mining giants led the S&P/ASX 200 higher, buoyed by a sharp 7.8% drop in Brent crude to $101 per barrel after U.S. President Donald Trump signaled a possible peace deal with Iran. Energy stocks...

By The Age – Business
ASX Runners of the Week: 1414, Pathkey.AI, Eclipse & European Lithium
NewsMay 1, 2026

ASX Runners of the Week: 1414, Pathkey.AI, Eclipse & European Lithium

Australian battery‑tech firm 1414 Degrees saw its share price jump 217% after demonstrating a SiNIL nanoparticle anode that delivers 530 mAh/g—about 50% more capacity than conventional graphite—targeting defence drones. Pathkey.AI rallied 92% on its acquisition of Singapore’s Chipforge, expanding its AI...

By The Age – Business
Critical Resources Targets High-Grade Gold and Tungsten in NZ Blitz
NewsMay 1, 2026

Critical Resources Targets High-Grade Gold and Tungsten in NZ Blitz

Critical Resources has wrapped dual exploration programs at its Lammerlaw and Croesus projects in New Zealand, focusing on high‑grade gold and tungsten. Historic rock samples revealed up to 42.6% tungsten and 28.9 g/t gold, while recent field work highlighted priority targets such...

By The Age – Business
‘This Crisis Is Still at the Beginning’: ANZ Boss Sends Iran War Warning
NewsMay 1, 2026

‘This Crisis Is Still at the Beginning’: ANZ Boss Sends Iran War Warning

ANZ Bank reported cash profit of $3.8 bn (≈$2.5 bn USD) for the March half, a 6% rise year‑over‑year, while operating expenses fell 9% after a 3,500‑job reduction. CEO Nuno Matos warned that the Iran‑driven energy crisis could evolve from an inflation problem...

By The Age – Business
Qantas, Jetstar Extend Domestic Cuts, Trim NZ Flights as Fuel Crisis Bites
NewsMay 1, 2026

Qantas, Jetstar Extend Domestic Cuts, Trim NZ Flights as Fuel Crisis Bites

Qantas and its low‑cost arm Jetstar are extending a 5% domestic capacity cut to September and trimming trans‑Tasman services by about 4% as jet‑fuel prices soar amid the US‑Iran conflict. The airline disclosed an additional $800 million fuel expense hit for...

By The Age – Business
Siren Stretches Multi-Kilometre NZ Antimony-Gold System
NewsApr 30, 2026

Siren Stretches Multi-Kilometre NZ Antimony-Gold System

Siren Gold has extended its Queen Charlotte antimony‑gold project to an eight‑kilometre strike, linking historic mining sites from Endeavour Inlet to Resolution Bay. Recent surface sampling returned high‑grade intercepts, including up to 4.9 g/t gold and 36 % antimony in the Skyline...

By The Age – Business
Think Twice: Five Key Rules for Using AI at Work
NewsApr 30, 2026

Think Twice: Five Key Rules for Using AI at Work

Tim Duggan outlines five personal rules for integrating AI into the workplace. He urges treating AI like an over‑confident junior colleague, double‑checking facts, and recognizing that AI hallucinations can appear in up to a third of outputs. Effective prompt engineering,...

By The Age – Business
Sarytogan Locks in European Funds for Kazakh Graphite Push
NewsApr 30, 2026

Sarytogan Locks in European Funds for Kazakh Graphite Push

Sarytogan Graphite secured a fresh A$1.4 million (≈US$0.9 million) investment from the European Bank for Reconstruction and Development, converting the cash into 17.5 million shares at eight cents each. The funding clears regulatory hurdles and is earmarked for a definitive feasibility study of...

By The Age – Business
Eclipse Shares Surge on Big Upgrade at Greenland Rare Earths Play
NewsApr 29, 2026

Eclipse Shares Surge on Big Upgrade at Greenland Rare Earths Play

Eclipse Metals shares surged up to 80% after the company announced a 234% increase in the size of its Grønnedal rare‑earth project in southwest Greenland, reporting 208 million tonnes of total rare‑earth oxides (TREO) at a 0.72% grade and 456,000 tonnes of...

By The Age – Business
Australia’s Largest Private Child Care Operator Slashes 40 Centres
NewsApr 29, 2026

Australia’s Largest Private Child Care Operator Slashes 40 Centres

G8 Education, Australia’s largest private childcare operator, will shut up to 40 centres—about 10% of its network—due to persistent low occupancy, rising costs and fallout from a high‑profile sex‑abuse scandal. Spot occupancy fell to 56.4%, a 7‑point drop year‑over‑year, while...

By The Age – Business
Australia’s Addiction to Amazon Is Set to Blow Past $5 Billion
NewsApr 27, 2026

Australia’s Addiction to Amazon Is Set to Blow Past $5 Billion

Amazon’s Australian arm posted AUD$4.77 billion (≈US$3.15 billion) revenue in 2025, topping the $5 billion mark for the first time. Growth was driven by a 62% surge in advertising, a 32% jump in Prime subscriptions and a 36% rise in third‑party merchant fees,...

By The Age – Business
Viking Advances Nevada Tungsten Play as Prices Hit Record Highs
NewsApr 27, 2026

Viking Advances Nevada Tungsten Play as Prices Hit Record Highs

Viking Mines has moved its Linka tungsten project in Nevada into early‑stage processing design, completing a preliminary flow diagram for a modular plant that can handle 43 tonnes per hour. The design, created with Mineral Technologies, emphasizes flexibility, allowing future...

By The Age – Business
Dalaroo Maps Giant Gold Corridor in West African Premier Belt
NewsApr 27, 2026

Dalaroo Maps Giant Gold Corridor in West African Premier Belt

Dalaroo Metals completed a 2,250‑sample soil geochemistry program across 4.5 km of its Bondoukou gold project in Côte d’Ivoire, mapping a 9.5 km structural corridor in the prolific Birimian Greenstone Belt. The data, the first large‑scale systematic survey in the area, will feed...

By The Age – Business
‘Pretty Rude’: What Shoppers Thought as Woolies Defended Discounts in Court
NewsApr 25, 2026

‘Pretty Rude’: What Shoppers Thought as Woolies Defended Discounts in Court

Woolworths faced an Australian Competition and Consumer Commission (ACCC) lawsuit alleging it misled shoppers by advertising discounts based on prices that existed only briefly. The retailer argued that supplier price pressures during a surge in inflation forced it to raise...

By The Age – Business
Trump’s War Is a Clear and Present Danger to Your Future
NewsApr 24, 2026

Trump’s War Is a Clear and Present Danger to Your Future

World markets are losing the petrodollar lifeline that Gulf sovereign‑wealth funds and central‑bank reserves have provided. The Gulf’s $6 trillion in sovereign‑wealth assets and $1.7 trillion in foreign‑exchange reserves, twice the size of China’s combined reserves, are at risk after President Trump’s...

By The Age – Business
Harvey Norman Facing Class Action for ‘Misleading’ Ads
NewsApr 24, 2026

Harvey Norman Facing Class Action for ‘Misleading’ Ads

Harvey Norman and its credit partner Latitude Finance face a new class action in Australia after ASIC successfully prosecuted the duo for misleading "no‑deposit" and "interest‑free" advertising. The lawsuit, filed by Carter Capner Law, alleges consumers were forced into credit...

By The Age – Business
Infini Cleared for First Athabasca Uranium Drilling Blitz in Canada
NewsApr 24, 2026

Infini Cleared for First Athabasca Uranium Drilling Blitz in Canada

Infini Resources secured Saskatchewan regulator permits for its Reynolds Lake and Reitenbach Lake projects, clearing the way for a 2,500‑metre diamond drilling campaign on the eastern Athabasca Basin margin. The company will test high‑priority targets identified through integrated airborne EM,...

By The Age – Business
‘Crazy and Nasty’: Secrets Revealed as the World’s Richest Man and His Rival Go to War
NewsApr 24, 2026

‘Crazy and Nasty’: Secrets Revealed as the World’s Richest Man and His Rival Go to War

Elon Musk has filed a federal lawsuit demanding that OpenAI revert to a nonprofit and remove Sam Altman and Greg Brockman from leadership, alleging they betrayed the company’s original mission to share AI openly. Court filings have exposed private texts,...

By The Age – Business
Auric Lures Ex-Black Cat Syndicate Boss to Drive WA Gold Growth
NewsApr 24, 2026

Auric Lures Ex-Black Cat Syndicate Boss to Drive WA Gold Growth

Auric Mining announced the appointment of Gareth Solly, former founder of Black Cat Syndicate, as chief executive officer effective 18 May. Solly previously grew Black Cat to a $660 million market cap and a 100,000‑ounce annual output, showcasing a rare "mine‑to‑mill" skill set. The hire aligns...

By The Age – Business
‘Be on the Ball’: The Warning About Your Frequent Flyer Points
NewsApr 22, 2026

‘Be on the Ball’: The Warning About Your Frequent Flyer Points

Frequent‑flyer points are becoming harder to use for international trips as the Middle East conflict and soaring fuel prices force airlines to prioritize cash seats. Experts say reward seats on domestic routes now offer better value, especially as ticket prices...

By The Age – Business
Trump Is an Absolute Disaster for the Oil and Gas Industry
NewsApr 21, 2026

Trump Is an Absolute Disaster for the Oil and Gas Industry

Donald Trump’s recent military actions, notably the strike on Iran that closed the Strait of Hormuz, have sent oil prices soaring to $140‑$150 a barrel and reignited fears of a prolonged energy shock. Analysts at the CeraWeek summit described a...

By The Age – Business
Fortescue Launches Ad Campaign Against Billion-Dollar Diesel Tax ‘Handouts’ to Miners
NewsApr 21, 2026

Fortescue Launches Ad Campaign Against Billion-Dollar Diesel Tax ‘Handouts’ to Miners

Mining giant Fortescue launched a national TV and radio campaign demanding the removal of diesel tax credits that it calls a billion‑dollar handout to the sector. The company, which claimed A$308 million (≈US$203 million) in credits for 600 million litres of diesel in...

By The Age – Business
ASX Wobbles as Oil Stocks and Gold Miners Fall, Wall Street Slips
NewsApr 21, 2026

ASX Wobbles as Oil Stocks and Gold Miners Fall, Wall Street Slips

The ASX 200 barely moved, closing at 8,949.40 after a 3.9‑point dip, as investors weighed the latest US‑Iran peace‑talks and easing oil prices. Energy giants Woodside and Santos slipped about 1.5‑1.8% while coal producers Yancoal and Whitehaven jumped 3.8% on...

By The Age – Business
Qantas, Virgin Launch Domestic Ticket Deals to Fill Cash Coffers in Iran Crisis
NewsApr 21, 2026

Qantas, Virgin Launch Domestic Ticket Deals to Fill Cash Coffers in Iran Crisis

Qantas and Virgin Australia have launched aggressive domestic fare promotions to offset soaring fuel costs tied to the Iran conflict. Qantas is offering one‑way economy tickets from $99 through March 2027, while Virgin is selling half‑a‑million NSW economy seats starting at...

By The Age – Business
Aurum Rigs Roar as Thick High-Grade Gold Hits Stack up in West Africa
NewsApr 21, 2026

Aurum Rigs Roar as Thick High-Grade Gold Hits Stack up in West Africa

Aurum Resources reported a series of thick, high‑grade gold intercepts at its Boundiali BDT2 deposit in Côte d’Ivoire, highlighted by a 36‑metre, 1.99 g/t interval that includes a 27.97 g/t spike. The 40‑hole, 12,000‑metre drill campaign is expanding the known mineralised envelope...

By The Age – Business
‘It’s the Vibe’: Court Brawl Hinges on Alleged Industrial-Scale Data Hack
NewsApr 17, 2026

‘It’s the Vibe’: Court Brawl Hinges on Alleged Industrial-Scale Data Hack

Australia's property data duopoly—CoreLogic (rebranded as Cotality) and Hubexo—has entered a Federal Court showdown over alleged large‑scale data theft. Hubexo claims Corelogic used bots and third‑party affiliates to scrape over 150,000 construction project records from Hubexo’s LeadManager service between 2016...

By The Age – Business
Trump’s Oil Gamble Could Blow up in His Face
NewsApr 17, 2026

Trump’s Oil Gamble Could Blow up in His Face

Donald Trump’s escalation of the Iran conflict has pushed crude oil to about $100 a barrel and spurred a rapid redeployment of U.S. super‑tankers to the Atlantic, seeking to replace Gulf‑origin supplies now blocked by the Strait of Hormuz. While...

By The Age – Business
ASX Runners of the Week: Bison, Genetic Signatures, Narryer & Immutep
NewsApr 17, 2026

ASX Runners of the Week: Bison, Genetic Signatures, Narryer & Immutep

The ASX’s weekly spotlight highlighted four micro‑caps that outperformed a turbulent market. Bison Resources surged 375% after a $5.5 million IPO, targeting gold‑rich projects on Nevada’s Carlin Trend. Genetic Signatures landed a 28,000‑sample contract with Denmark’s Hvidovre Hospital, boosting its diagnostics...

By The Age – Business
Gold Fields, Great Southern Ready Rig for Big Qld Gold Target
NewsApr 17, 2026

Gold Fields, Great Southern Ready Rig for Big Qld Gold Target

Gold Fields and Great Southern Mining are set to begin diamond drilling at the Mt Dillon target in Queensland’s Edinburgh Park project after the wet season ends in May. The joint‑venture allows Gold Fields to earn up to a 75% interest by...

By The Age – Business
Pub Price Slump: Former Espy Owners’ Second Go at Selling Historic Fitzroy Hotel
NewsApr 16, 2026

Pub Price Slump: Former Espy Owners’ Second Go at Selling Historic Fitzroy Hotel

Former owners of the Esplanade Hotel are relisting the historic Fitzroy pub at 125‑129 Brunswick Street after slashing the price from over $10 million AUD to $6‑7 million AUD (≈$4‑4.6 million USD). The five‑level, 1,649 sqm building includes a coveted 3 am liquor licence for...

By The Age – Business
My Job Doesn’t Take Mental Health Seriously. How Can I Change This?
NewsApr 16, 2026

My Job Doesn’t Take Mental Health Seriously. How Can I Change This?

Employees often see single‑day mental‑health gestures, such as R U OK Day, as superficial without follow‑up actions. Dr. Andrew Arena of the Black Dog Institute advises a systematic audit of current supports, identification of low‑hanging improvements, and peer‑driven check‑ins to spark cultural change. He...

By The Age – Business
Iran Holds the Trump Card in This Energy Crisis
NewsApr 15, 2026

Iran Holds the Trump Card in This Energy Crisis

The International Energy Agency warns the Gulf standoff is cutting 13 million barrels of oil daily, potentially rising to 15 million if the U.S. blocks Iranian shipments through the Strait of Hormuz. Tehran has threatened to extend the conflict to the Red...

By The Age – Business
Larvotto Closes in on First Antimony Ingots at NSW Mine
NewsApr 15, 2026

Larvotto Closes in on First Antimony Ingots at NSW Mine

Larvotto Resources is on track to start producing antimony, gold and tungsten at its Hillgrove mine in New South Wales by mid‑2026, with the processing plant undergoing a US$46 million refurbishment and slated for wet commissioning in August. The project will...

By The Age – Business
Fewer Flights, $800m Fuel Blowout as Iran Crisis Hits Qantas
NewsApr 14, 2026

Fewer Flights, $800m Fuel Blowout as Iran Crisis Hits Qantas

Qantas warned that its second‑half 2026 fuel bill will swell by $600‑$800 million, pushing total fuel costs to roughly $3.1‑$3.3 billion as the US‑Israel‑Iran war drives jet‑fuel prices to historic highs. The airline is trimming domestic schedules, cancelling a $150 million share buyback...

By The Age – Business
Critical Fires up Hunt for Hidden Lithium in Canada
NewsApr 13, 2026

Critical Fires up Hunt for Hidden Lithium in Canada

Critical Resources is launching a focused lithium exploration program across a five‑kilometre corridor at its Corona pegmatite field in Ontario. The campaign aims to uncover concealed spodumene systems that could expand the flagship Mavis Lake deposit, which already hosts 8 million...

By The Age – Business
ASX on Shaky Ground After Failed Iran Talks; Oil Jumps, A$ Falls
NewsApr 12, 2026

ASX on Shaky Ground After Failed Iran Talks; Oil Jumps, A$ Falls

The Australian stock market reacted to the collapse of US‑Iran peace talks, with ASX futures edging up 0.8% and hinting at a breach of the 9,000‑point barrier. Brent crude surged roughly 8% as President Trump threatened a naval blockade of...

By The Age – Business
A Ceasefire Is Good. But Trump’s Impact on Rates Is Just Starting
NewsApr 12, 2026

A Ceasefire Is Good. But Trump’s Impact on Rates Is Just Starting

The Iranian‑U.S. conflict has disrupted oil flows, keeping crude prices above pre‑war levels for months. Higher fuel costs are feeding a second‑round inflation surge that could push Australian CPI past 5 %, well outside the Reserve Bank’s target. The RBA, already...

By The Age – Business
Gold Coin Rush: How TikTok Spun the Passive Income Dream of the Luxe Laundromat
NewsApr 10, 2026

Gold Coin Rush: How TikTok Spun the Passive Income Dream of the Luxe Laundromat

TikTok has turned the upscale laundromat model into a viral passive‑income narrative, spotlighting Sydney entrepreneur Omer Tas and his Stacks Laundry chain. Tas grew a single self‑service outlet into seven locations in three years, attracting a flood of inquiries from...

By The Age – Business
What Happens when a Drone-Killer and Toxic Radio Collide?
NewsApr 10, 2026

What Happens when a Drone-Killer and Toxic Radio Collide?

DroneShield, once valued at $6 billion, saw its share price tumble by roughly 50% after CEO Oleg Vornik and chairman Peter James abruptly quit and sold their holdings. The company announced the sudden departure of both executives ahead of its annual...

By The Age – Business
Aurum Clears 4M Ounces After West African Gold Resource Surge
NewsApr 10, 2026

Aurum Clears 4M Ounces After West African Gold Resource Surge

Aurum Resources announced a 34% increase in its Napié gold resource, adding a first indicated resource of 0.35 million ounces and bringing the Napié total to 1.16 million ounces. Combined with the 3.03 million ounces at the flagship Boundiali project, Aurum’s group resource...

By The Age – Business