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Business News AAP

Woodside gets nod for Sangomar project

The West African nation of Senegal has authorised its first oil development, the $US4.2 billion Sangomar offshore oil project, operator Woodside Petroleum has announced.

Truckies face 'crippling' losses as bushfires worsen

The Western Roads Federation has called for truckies to be included in the federal goverment's business assistance package, as it emerged today the two-week closure of the Eyre Highway would continue after bushfires were upgraded to emergency level.

Worst year for new car sales since 2011

New vehicle sales in Western Australia fell 2 per cent last month and 5.4 per cent during 2019, with national sales crashing to their lowest since 2011.

Strategy launched to crack down on wage theft

Industrial Relations Minister Bill Johnston has unveiled a raft of strategies to crack down on wage theft, while at the same time a national Fair Work sting at capital city hospitality hotspots revealed 75 per cent of businesses were breaking the law.

New car sales down in October

New car sales across Australia have gone backwards for the 19th month in a row, the country's peak motor industry group says, with sales in Western Australia also down sharply.

Mining approvals set for 12-month review

Mining project approval delays will be the target of a one-year Productivity Commission review looking at how to streamline regulation across Australia's resources sector.

WA's space industry gets fed funding boost

The federal government has signed a memorandum of understanding to invest $6 million in Western Australia's space industry so the state can play a significant role in the broader national expansion plan.

NRW worker death sparks crisis talks

The Queensland government, mining industry and unions will hold urgent crisis talks after six deaths in the state's resources sector this year.

ASIC reviews itself over Sterling collapse

An internal investigation is under way at the corporate watchdog over the collapse of investment company Sterling First, which Business News first revealed had entered administration last month.

$60m biomass, solar plans for Collie axed

Govermment funds earmarked for a biomass energy plant and solar farm at Collie have been transferred to a new $60 million job creation fund that aims to create a long-term future for the town as coal mining winds down in coming years.

Minister questioned over WA mine approval

Federal Labor is calling on Environment Minister Melissa Price to explain why she approved a controversial uranium mine in Western Australia the day before the national election was called.

Santos production up 33%

Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.

Sentencing for Perth broker who took client cash

A former insurance broker who admitted funnelling almost $200,000 owed to clients into his own bank accounts has been sentenced to two years and nine months imprisonment.

RBA holds cash rate at 1.5% yet again

The Reserve Bank of Australia has kept the official cash rate at a record low of 1.5 per cent as widely expected, but most economists believe a rate cut is around the corner.

Equity group to buy Navitas for $2.3b

A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.

Gas, oil tax changes to rake in $6bn

The federal government expects to raise $6 billion over the next decade from changes to the taxation of Australia's big oil and gas producers.

Most-read

Sentencing for Perth broker who took client cash

A former insurance broker who admitted funnelling almost $200,000 owed to clients into his own bank accounts has been sentenced to two years and nine months imprisonment.

NRW worker death sparks crisis talks

The Queensland government, mining industry and unions will hold urgent crisis talks after six deaths in the state's resources sector this year.

ASIC reviews itself over Sterling collapse

An internal investigation is under way at the corporate watchdog over the collapse of investment company Sterling First, which Business News first revealed had entered administration last month.

Truckies face 'crippling' losses as bushfires worsen

The Western Roads Federation has called for truckies to be included in the federal goverment's business assistance package, as it emerged today the two-week closure of the Eyre Highway would continue after bushfires were upgraded to emergency level.

most commented

Gas, oil tax changes to rake in $6bn

The federal government expects to raise $6 billion over the next decade from changes to the taxation of Australia's big oil and gas producers.

Equity group to buy Navitas for $2.3b

A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.

RBA holds cash rate at 1.5% yet again

The Reserve Bank of Australia has kept the official cash rate at a record low of 1.5 per cent as widely expected, but most economists believe a rate cut is around the corner.

Sentencing for Perth broker who took client cash

A former insurance broker who admitted funnelling almost $200,000 owed to clients into his own bank accounts has been sentenced to two years and nine months imprisonment.