Latest Headlines

Telstra will reduce the number of contractors it employees by about 10,000 over the next two years as it tries to cut costs, chief executive Andrew Penn says.

Uranium explorer Deep Yellow and Rare earths hopeful Pensana Metals have raised $9 million and $5 million, respectively, as the two companies seek to advance their projects in Africa.

The collective success of WA's professional sporting teams is currently the envy of the nation, but it is the collective influence of the state's peak clubs on the health and wellbeing of communities that is perhaps their greatest achievement.

Western Australians are putting their bodies on the line to provide vital funds for some of the state's most active medical charities and research organisations.

WA's government health promotion agency, Healthway, is poised to deliver more positive outcomes in the community following its 2018 merger with Lotterywest.

Billions have been invested to ensure WA remains at the forefront of medical innovation and discovery.

Home to some of Australia's most heralded and important research foundations, WA's relative isolation has done little to dampen the medical research sector's inspiration for innovation. Here are some of the leading lights dedicated to making the state, and the world, a healthier place to live.

Shares in NRW Holdings have fallen by as much as 13.5 per cent today, following a revision in its forecast for the second half of this financial year after Gascoyne Resources entered administration on Sunday.

The US Transportation Department says it has granted tentative approval to American Airlines Group and Qantas Airways to operate a joint venture, after a prior effort was rejected by the US government in 2016.

The Australian share market has opened higher ahead of the Reserve Bank's monthly board meeting, boosted by strong early gains by the major miners.

Gascoyne in administration

Gold climbed more than 1.5 per cent overnight to its highest level in more than three months on concerns that US-Chinese trade tensions and the US threat of tariffs on Mexico would hurt the global economy.

Oil fell overnight as US trade disputes with Mexico and China deepened concerns about weakening global crude demand, while a slump in equities also weighed on crude futures.

Family Insights Group has raised $422,112 through a placement at 0.1 cents a share. Riversgold has raised $218,000 through a placement at 2.2 cents a share.

More than 1,300 people attended a National Reconciliation Week breakfast this morning in Perth and heard newly installed minister Ken Wyatt deliver a positive message about progress to date and urge optimism and trust for the future.

The Australian share market has closed flat but finished May up a percentage point during a month when other markets around the world lost ground.

Finbar Group has lowered its profit guidance by up to $5 million for this financial year, following delays at its Vue and Palmyra Apartments Estate projects.

No company exemplifies the power of play more than LEGO, although perhaps for reasons not immediately obvious.

Lepidico has raised $10.8 million via a rights issue, with the funds to go towards its lithium hydroxide production product.

When art adviser and private curator John Cruthers was asked what his mother, art collector Lady Sheila Cruthers, would think of him establishing the Sheila Foundation to promote women's art, he said she would ask why it had taken him so long.

A major east coast homebuilder led by the former boss of BGC Residential is planning to expand its national footprint, and WA is in its sights.

PODCAST: Mark Pownall and Mark Beyer discuss indigenous business and reconciliation week, David Singleton, Simonds Group and residential construction, generational change at listed Perth companies, Black Swan, and our special report on the wine industry plus our Great for the State feature on health and well being.

The 9,200-kilometre Indigo subsea cable system that links Perth to Singapore and Sydney has been commissioned.

Petrol prices in Perth were the highest among any state capital in Australia for the most recent two quarters, according the Australia Competition and Consumer Commission.

James Packer has sold a $1.76 billion stake in Crown Resorts to Hong Kong-based Melco Resorts & Entertainment.

Many minority shareholders of Flinders Mines have voiced discontent at the conduct of their board.

The Australian share market has opened lower despite a positive lead from Wall Street.

Majors in renewed exploration drive

Oil prices fell almost four per cent overnight to their lowest in about two months on a smaller-than-expected decline in US crude inventories and fears of a global economic slowdown due to the US-China trade conflict.

Gold shook off headwinds from a stronger US dollar to scale a near two-week peak overnight as data pointed to easing inflationary pressure in the United States, boosting expectations of a further interest rate cut by the Federal Reserve.

Austal chief executive David Singleton believes the shipbuilder needs to gain a critical mass of female workers to permanently make an impact on gender equality in the industry.

Shipbuilder Austal has turned two major challenges – a cyber attack and the loss of a big naval contract – into positives, chief executive David Singleton told a Business News Success & Leadership breakfast today.