Illicit cigarettes, vapes seized in Canberra retailer raids
ACT and Commonwealth authorities launched a fresh crackdown on black market tobacco and vape sellers. (ABC News: Che Chorley)
· James Vyver
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Newest first · UTC+11:00Kaiser pumps up cash stash from Tasmanian gold mine
Kaiser Reef has kept the good times rolling at its Henty gold mine in Tasmania, pumping out a stellar $14.28 million in net cash from operating activities and boosting its cash stash by more than 5 per cent to $45.6 million at the end of the March quarter.
· Craig Nolan
Classic Football Shirts: inside the vault home to their most valuable vintage gear – video
Classic Football Shirts have been in business for 20 years, selling over one million shirts (so far) and keeping the most iconic match-worn pieces in their temperature-controlled vault. Michael Butler travelled to Manchester to meet the CFS founders
China targets ‘zombies’ with regulatory headshots to kill off subsidised laggards
Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency
· Xinyi Wu
China targets ‘zombies’ with regulatory headshots to kill off subsidised laggards
Six provinces and the capital city test a forced-insolvency pilot to purge overcapacity and dismantle local protectionism, prioritising market efficiency
· Xinyi Wu
Musk says he’s saving humanity as he battles Altman in court - but it may actually be xAI
April 29, 2026 — 3:30pm
· Elizabeth Knight
Hana, Posco, Dunamu team up on blockchain remittance platform
Hana Financial Group, Posco International and Dunamu said Wednesday they are joining hands to build a blockchain-based cross-border remittance platform, aiming to improve transparency and efficiency in overseas fund transactions.
· Ahn Sung-mi
Posco expands financial support for steel exporters
Posco is expanding financial support for its trading partners, aiming to stabilize supply chains and strengthen export competitiveness amid global tariffs and an oversupply of Chinese steel.
· Lee Han-gyoul
Hormuz crisis revives Thailand’s land bridge plan but business case still lacking
While the plan to bypass the Malacca Strait is popular with Anutin’s government, economists and environmentalists say it is not realistic
· Aidan Jones
Hormuz crisis revives Thailand’s land bridge plan but business case still lacking
While the plan to bypass the Malacca Strait is popular with Anutin’s government, economists and environmentalists say it is not realistic
· Aidan Jones
Major data center company pauses investment decisions in Middle East amid Iran war, CEO tells CNBC
A major data center company has paused investment in AI infrastructure projects and data centers in the Middle East amid the Iran war, its CEO has told CNBC.
· Kai Nicol-Schwarz, Sawdah Bhaimiya
Inflation details may give RBA pause for thought on interest rates
Michele Bullock says the four board members who voted against a rate hike in March were worried about timing. (AAP Image: Dan Himbrechts)
· Michael Janda
President Sheikh Mohamed and Swedish Prime Minister discuss AI and energy ties | The National
President Sheikh Mohamed and Swedish Prime Minister Ulf Kristersson have discussed efforts to advance ties in artificial intelligence, renewable energy and the economy.
· The National
Asian shares advance and oil prices slip ahead of Fed rate decision
A currency trader reacts near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2026. (AP Photo/Ahn Young-joon)
· Chan Ho Him
China oil stocks rise as crude rally lifts Sinopec, CNOOC earnings
First-quarter earnings remain resilient as crude prices surge on Middle East tensions, tightening global supply and lifting margins
· Zhang Shidong
China oil stocks rise as crude rally lifts Sinopec, CNOOC earnings
First-quarter earnings remain resilient as crude prices surge on Middle East tensions, tightening global supply and lifting margins
· Zhang Shidong
Eclipse shares surge on big upgrade at Greenland rare earths play
Eclipse Metals surged as much as 80 per cent in early trading this morning to 2.7 cents on massive turnover of 140 million shares after it more than doubled the size of its Grønnedal rare earths project in southwest Greenland.
· Andrew Todd
Quixote to lay off 70 staffers, wind down most of its sound stage business in another blow to Hollywood
A major Hollywood infrastructure player is scaling back sharply, cutting jobs and shutting down key parts of its studio services business. The move is underscoring continued strain across the production economy centered in Los Angeles and California.
· Daniel Farr
US, Latin America countries criticise China’s retaliation over Panama Canal
Bolivia, Costa Rica, Guyana, Paraguay, Trinidad and Tobago, and the United States have released a joint statement in support of Panama, while criticising Chinese economic retaliation, after a Hong Kong-based conglomerate lost a legal dispute over the management of ports on the Panama Canal.
· Erin Hale
China Resources Power wins Shenzhen nod for renewable energy unit’s listing
Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets
· Yulu Ao
China Resources Power wins Shenzhen nod for renewable energy unit’s listing
Listing approval for Hong Kong-listed CRP’s unit highlights strong demand for clean energy, driven by China’s long-term decarbonisation targets
· Yulu Ao
Challenges ahead for Wang Fuk Court homeowners who reject buy-back offer
Residents of sole block spared in Tai Po fire face steep maintenance costs, and government could use laws to acquire flats, deputy finance chief says
· Oscar Liu
Challenges ahead for Wang Fuk Court homeowners who reject buy-back offer
Residents of sole block spared in Tai Po fire face steep maintenance costs, and government could use laws to acquire flats, deputy finance chief says
· Oscar Liu
Locksley taps Columbia Uni tech to fast-track US rare earths
Locksley Resources has roped in Ivy League technical know-how as it begins sketching out a possible “mine to market” route for rare earths from its Mojave project, which abuts MP Materials’ Mountain Pass rare earths mine project in California.
· Doug Bright
Jerome Powell's future with the Fed in focus on Wednesday
Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (AP Photo/Jose Luis Magana)
· Christopher Rugaber
Albanese rules out gas tax during WA visit, but east coast reservation not far off
Prime Minister Anthony Albanese has given his firmest commitment yet that his government will not introduce any new taxes on Australian gas companies in his first visit to Western Australia since the Iran conflict began.
· Hamish Hastie
No more quotas: UAE's exit from Opec paves way for independent oil strategy | The National
The UAE's exit from Opec caps years of frustration with a group that has proven unable to accommodate the ambitions of the world’s seventh-largest oil producer.
· Jennifer Gnana
Elon Musk and OpenAI CEO Sam Altman head to court in high-stakes showdown over AI
OAKLAND, California — Elon Musk, the Tesla CEO, world's richest man and OpenAI cofounder, took the stand Tuesday in a high-stakes trial revolving around a bitter feud with his former friend Sam Altman that could reshape the future development of artificial intelligence.
· Associated Press
Auric gold strategy rings till with $46m in war chest
Auric Mining has delivered a masterclass in transitioning from explorer to producer, amassing a record-breaking A$46 million in cash and receivables following an exceptional performance during the March quarter.
· Murray Ward
Homegrown AI powers China's ambitions, from classroom to home
A child in Shanghai learns with the help of artificial intelligence in February.
· Staff Writer
U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil
The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil.
· Lim Hui Jie
Foreign coffee chains take fresh crack at China via new cities, formats
Peet's Coffee, a chain from California, brings in about 50 yuan per customer in China, where cafes selling brews for just 9.9 yuan have proliferated. (Photo by Wataru Suzuki)
· Staff Writer
Hyundai Glovis deploys world's largest car carrier
Hyudai Glovis said Wednesday it has put the world's largest car carrier into service, aiming to support exports by South Korean automakers and further bolster its competitiveness in the global shipping market.
· Ahn Sung-mi
Australia’s largest private child care operator slashes 40 centres
Australia’s largest private childcare centre operator, G8 Education, is planning to close up to 40 centres – nearly 10 per cent of its local operations – in response to an ongoing occupancy slump, rising costs and the fallout from last year’s childcare sex abuse scandal.
· Colin Kruger
S. Korea's seaport cargo up 1.5% in Q1 despite trade uncertainties
Cargo processed at South Korean seaports grew 1.5 percent from a year earlier in the first quarter, showing limited impact from the Middle Eastern conflict, the oceans ministry said Wednesday.
· Yonhap
Retail sales rise 5.6% in March on tourism boost, back-to-school season demand
Revenue of major retail companies here went up 5.6 percent from a year earlier in March thanks to the robust consumption demand fueled by a sharp increase in inbound travelers to South Korea and the back-to-school season, government data showed Wednesday.
· Yonhap
S. Korea, Qatar to push for deeper cooperation in manufacturing AI, semiconductor, biohealth
Trade ministers of South Korea and Qatar agreed Wednesday to expand the two countries' cooperation in advanced industries, including artificial intelligence (AI) transformation of the manufacturing sector, semiconductor and biohealth, a Seoul ministry said.
· Yonhap
S. Korea's seaport cargo up 1.5 pct in Q1 despite trade uncertainties
SEOUL, April 29 (Yonhap) -- Cargo processed at South Korean seaports grew 1.5 percent from a year earlier in the first quarter, showing limited impact from the Middle Eastern conflict, the oceans ministry said Wednesday.
· Kim Na-young
Emiratis’ exit from OPEC will boost the flow of oil after the war
April 29, 2026 — 12:08pm
· Stephen Bartholomeusz
Inflation surges to near-three-year high
Products & ServicesOpen Products & Services section
Retail sales rise 5.6 pct in March on tourism boost, back-to-school season demand
SEOUL, April 29 (Yonhap) -- Revenue of major retail companies here went up 5.6 percent from a year earlier in March thanks to the robust consumption demand fueled by a sharp increase in inbound travelers to South Korea and the back-to-school season, government data showed Wednesday.
· Kim Na-young
S. Korea, Qatar to push for deeper cooperation in manufacturing AI, semiconductor, biohealth
SEOUL, April 29 (Yonhap) -- Trade ministers of South Korea and Qatar agreed Wednesday to expand the two countries' cooperation in advanced industries, including artificial intelligence (AI) transformation of the manufacturing sector, semiconductor and biohealth, a Seoul ministry said.
· Kim Na-young
From suburb to super-hub: Dubai's Jumeirah Golf Estates emerges as key public transport centre | The National
Dubai is reshaping its transport map in a multi-billion investment push, with Jumeirah Golf Estates emerging as one of the city’s most important public transport hubs.
· John Dennehy
Merz lashes out at Trump and Brussels as Germany’s economy falters
BERLIN — Germany’s economy is flatlining, and Chancellor Friedrich Merz is blaming everyone but himself.
· James Angelos
DBy David Chau
David Chau presents finance segments on the ABC News Channel, and is a multi-platform business reporter in Sydney. Prior to joining the ABC, he was a lawyer specialising in litigation. If you have a story idea or tip, send David an email or a private Twitter message: @chaudave.
Inflation lifts close to three-year high off back of fuel price surge
Inflation has lifted to a near-three year high due to a 33 per cent jump in the price of petrol and diesel, but investors believe the chances of an interest rate rise have fallen.
· Shane Wright
Australia reports lower-than-expected first-quarter inflation — but price rise highest in 2 years
Australia's inflation rate soared to 4.09% in the first quarter, marking its highest level in more than two years.
· Lim Hui Jie
S. Korean currency edges up in morning trade amid decision by UAE to leave OPEC
SEOUL, April 29 (Yonhap) -- The South Korean won rose slightly against the U.S. dollar Wednesday morning amid a decision by the United Arab Emirates (UAE) to exit the OPEC oil cartel.
· Deok-Hyun Kim
Low-cost airlines in US push for government support on fuel costs
US budget airlines are seeking $2.5bn in government aid to offset rising fuel costs, with their trade group, the Association of Value Airlines, urging the United States administration to provide “temporary government support”.
· Middleeasteye