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Rio's driverless trains gain approval

Rio Tinto’s autonomous train program at its iron ore operations is one step closer to full implementation after it received approval from the National Rail Safety Regulator.

WA brewery tops international competition

The local beer label behind Northbridge Brewing Company and Whitfords Brewing Company has won the top prize at Australia’s most renowned beer competition, hosted in Melbourne last night.

$9m BHP win for Minetec

Bibra Lake-based Minetec has been awarded a $9.5 million contract to supply BHP’s Olympic Dam mine in South Australia with an underground fleet management system, while the tech firm’s parent company, Codan, has posted a profit upgrade.

Monaci to head Georgiou Group

John Georgiou will step down as chief executive of family-owned Georgiou Group after 20 years in the role, with executive general manager Rob Monaci to take up the position from August 1.

PS Structures wins $15m contract

Balcatta-based PS Structures has won a $15.6 million contract for an expansion project at Carine Senior High School.

Liberal move divides party

The GST is a potential sleeper issue as WA heads to three by-elections.

Qantas launches cheap flights to Broome

The state government has announced a partnership with Qantas that will provide discounted airfares for flights to Broome in an effort to boost regional tourism.

Australian shares flat as CSL surges

The Australian market has opened flat as surging CSL and energy shares negated a soft lead from Wall Street.

$A falls as Wall Street loses ground

The Australian dollar is slightly lower after US stock ground as investors worry over as possible escalation of US-China trade tensions.

Oil falls back from 3.5-year record high

Oil prices climbed above $US80 a barrel on Thursday for the first time since November 2014, before retreating on a stronger dollar and climbing US output to end unchanged.

Gold flat after hitting 2018 low

Gold was flat after sliding to a fresh 2018 low on Thursday as another rise in US bond yields held the US dollar index near its 2018 peak.

Morning Headlines

Foreign property proposal

$160,000 fine after two deaths

A cartage company has been fined $160,000 after pleading guilty to causing the death of two construction workers in East Perth in 2015 after tilt-up panels fell off a truck.

Westpac weighs on Aust share market

Australian shares have fallen as Westpac traded ex-divided and the industrial and healthcare sectors lost ground.

Fleetwood moves against board spill

Struggling RV and accommodation business Fleetwood Corporation has made a pre-emptive move to avoid a board spill, after a major shareholder took steps to call a general meeting.

Cleaning up, clearing out

Entrepreneur lunch: Navitas managing director Rod Jones recently found a simple way to end in-house confusion about his phased handover to successor David Buckingham.

Constant re-engineering needed

Entrepreneur lunch: Coogee Chemicals executive director Gordon Martin struck a chord at this year’s Entrepreneur of the Year lunch when he said all businesses needed to re-engineer their cost structure every few years.

$17m of AGWA collection at risk of damage

The auditor general of Western Australia has found about 785 artworks of the state’s $300 million collection is at risk of damage or loss due to inadequate storage, conservation and monitoring by the Art Gallery of WA.

Business leaders see potential

Entrepreneur lunch: Peter Prendiville, Rod Jones, Gordon Martin and John Rothwell have outlined the challenges they see in diversifying WA’s economy.

WA unemployment drops 0.4%

Despite adding 8,300 jobs in April, Western Australia has retained the highest unemployment rate in the country, according to latest data from the Australian Bureau of Statistics.

Santos receives binding $US10.4bn offer

US private equity firm Harbour Energy has made a binding offer for Santos that confirms an original price tag of $US10.4 billion ($A13.8 billion).

Emotive issues all talk

A renewed activist focus on the carbon sequestration efforts on Barrow Island is, like many populist arguments these days, abusing language to stir up emotions.

WA may still ban sheep exports in summer

The federal government has endorsed changes to the livestock export industry designed to improve animal welfare but the WA government says it may still try to ban live sheep exports to the Middle East during the northern hemisphere summer.

Battery in $20m raising

David Flanagan-led Battery Minerals has boosted its coffers with a $20 million capital raising to fund construction of its Montepuez graphite project in Mozambique.

Kidman signs lithium offtake with Tesla

Kidman Resources has signed a three-year offtake agreement with Tesla for the supply of lithium hydroxide, less than two weeks after announcing Kwinana as the site for a new lithium refinery.

Tungsten raises $47m

Tungsten Mining has announced a $47 million capital raising to progress studies at its Mt Mulgine project in the Murchison region in Western Australia.

Atlas flags $100m impairment

Atlas Iron will record a non-cash impairment of up to $100 million in its full-year results after rising costs led to an operating loss in its third quarter.

Banks weigh on Aust share market open

The Australian share market has opened in the red, weighed down by the banks as Westpac goes ex-dividend.

$A retraces some lost ground against $US

The Australian dollar has bounced back overnight and is higher against the US dollar which has preserved its recent gains but made little headway.

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