Fortescue Metals Group is on track to record its best-ever year for iron ore exports as prices hit new record highs. The company shipped 42.3 million tonnes of iron ore in the third quarter alone. Fortescue CEO Elizabeth Gaines told Brooke Corte the strength of iron ore prices is underpinning their success. “Given what we’ve seen […]

Negotiations between Australia Post and independent producers are underway to solve the problem of transporting perishable goods. Small Business and Family Enterprise Ombudsman Bruce Billson told Deborah Knight thousands of Australia Post’s business customers would’ve been impacted by the service termination. The “problem-solving process” has begun, he said, with AusPost employing consultants to untangle state-by-state […]

Australia Post is facing backlash from independent producers after announcing it will stop delivering perishable items at the end of June. Pepe Saya Butter Company founder Pierre Issa told Deborah Knight they’ve given “absolutely no explanation as to why” a crucial service is being removed. The butter makers rely heavily on Australia Post, sending up […]

The National Australia Bank CEO says despite booming house prices, first home buyers aren’t being pushed out of the market. NAB CEO Ross McEwan told Ben Fordham 16 per cent of new lending is going to first home buyers. “There are more first home buyers getting into this market than we’ve seen probably in the […]

Treasurer Josh Frydenberg will focus on jobs growth in next month’s federal budget. 90,000 new jobs were created in March, driving the unemployment rate down to 5.6 per cent. Mr Frydenberg told Chris Smith economic forecasts had predicted a higher unemployment rate. “I’m not going to predict what it will be in April and May […]

An Australian council is considering giving properties away for next to nothing. Coober Pedy Council will auction off 17 above-ground houses, four dugouts, and 19 vacant land lots in June in a bid to recover unpaid rates. However, if the properties don’t sell, the council will consider giving them away for as little as $1. […]