A massive arms race is sweeping the Asia-Pacific region as countries like Australia grow alarmed over the China threat.
Duncan Evans
Anthony Albanese has made a major election promise that would bolster one aspect of Australian life he calls “the envy of the world”.
Blair Jackson
Hanwha Defence’s chief executive won’t rule out a takeover tilt for WA naval shipbuilder Austal, as the South Korean company angles to meet with top shareholders Andrew and Nicola Forrest.
Simone Grogan
Whyalla’s administration extended for a year as administrators raise safety fears and judge warns GFG Alliance related party transactions probe hampered by lack of records access.
Neale Prior
Austal has poured cold water on spurned suitor Hanwha’s bid for a board seat while questioning the South Korean group’s belief it can add value to the Australian naval shipbuilder.
Sean Smith
Australia’s Defence Minister Richard Marles “is definitely not worried” about South Korea’s Hanwha potentially owning an influential slice of WA-based strategic defence shipbuilder Austal.
Simone Grogan and Sean Smith
Patriotic ‘Buy Australian’ feeling emerged on ABC’s Q+A on Monday night, with the domestic steel industry at the centre of the debate.
South Korean conglomerate Hanwha is back knocking at the doors of Austal shareholders after failing in a takeover bid for the Henderson-based shipbuilder last year.
Qantas chairman John Mullen has issued a stark warning that our way of life could simply “stop” in a serious international emergency.
Australia’s sharemarket snapped a three-day losing streak on the back of the major miners, as the price of gold and iron ore climbed throughout the trading day.
Cameron Micallef
The mining body and backer of a nascent green steel industry has lauded the Federal Government’s call to earmark $750 million for lower-emissions projects, and says iron ore miners should be first in line.
A former top Canberra boffin has blasted a call from senator Jacqui Lambie to use Australia’s Pine Gap intelligence asset to hit back at Donald Trump.
The stock opened near its $3.80 issue price but was hammered to a close of $3.51, down 22 per cent, as the broader market was savaged for a second consecutive day.
The shipbuilder is taking advantage of a record share price to raise $220 million in new equity at $3.80 a share to fund expansion of its Mobile, Alabama shipyard to meet billions of dollars in new contracts.
Fortescue has docked what it brands a world-first ammonia powered ship in London as part of the Andrew Forrest-led company’s global roadshow to stir up support for stricter maritime carbon rules.
The WA business world’s praise for Premier Roger Cook’s resounding election victory comes with calls for him to back the mining industry in Canberra and push back on “productivity-killing” bureaucracy.
Tesla sales in Australia have fallen off a cliff since 2024 in tandem with a broader automotive industry slump, more cash-conscious consumers and CEO Elon Musk’s growing involvement in US politics.
Andrew Forrest’s Fortescue has reportedly axed a deal with US hydrogen business Plug Power in another blow for grand ambitions to develop the new green energy source.
The West Australian
Sanjeev Gupta’s collapsed steelworks at Whyalla lost $319 million in the seven months before the South Australian government sent it into administration last week.
Hyundai have recalled about 9000 vehicles after authorities found a manufacturing defect in one of the car’s systems could cause a fire.
Emma Kirk
OneSteel Manufacturing creditor NRW was demanding weekly repayments back in December to keep providing mining services after the now-collapsed South Australian steelworks fell behind on its dues.
Sanjeev Gupta says his GFG Alliance is owed $500m from the collapsed Whyalla steelworks, while more than 200 creditors are set to to claim cash.
Matt Mckenzie
Oceania Glass was put into the hands of insolvency experts from Grant Thornton three weeks ago after private equity Crescent Capital gave up on trying to turn around the Melbourne-based business.
Tae Helton, a car aficionado who lives minutes from Tesla Inc.’s flagship California factory, bought one Tesla for the family fleet and nearly purchased a second one last year.
Kara Carlson
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