News

The 2023 federal budget is a pre-election affair, packed with handouts and extra spending, with the hope that wages growth and the corresponding lift in income tax will eventually close the gap between spending and revenue. However, there are concerns about the sustainability of this strategy, as the budget relies on the continued strength of the labour market, which may not be sustainable.

Metropolitan Mine, operated by Peabody Energy, has been ordered to pay over $500,000 for polluting a tributary of the Hacking River with coal waste in 2022. The company has implemented measures to address the issue, including investing in infrastructure upgrades and increasing water storage capacity.

The Australian government has announced a series of measures to ease the cost of living for Australians, including tax cuts, energy bill rebates, and changes to the Medicare levy and Pharmaceutical Benefits Scheme (PBS). These measures are expected to provide significant relief to Australians struggling with the rising cost of living.

Samsung co-CEO Han Jong-hee has passed away from a heart attack, leaving newly-appointed Jun Young-hyun as the sole leader of the South Korean tech giant. Han was instrumental in Samsung's rise as a global leader in consumer electronics and mobile businesses, but the company faces challenges in its chip business and navigating trade uncertainties under Jun's leadership.

Six truck rollovers on a private haulage road built by Mineral Resources in Western Australia have prompted safety concerns and a notice from WorkSafe WA. The company has declined to elaborate on the implemented safety changes, while community members and a safety expert express concerns about the ongoing safety issues and the planned introduction of autonomous trucks.