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20.Oct, 2020 0

CIMIC loses $1b dispute with Chevron – The Australian Financial Review

But CIMIC has only been carrying a general $675 million contractor debtors provision on its books, meaning it will have to use the cash from the sale of half its stake in its Thiess mining division to cover the Gorgon losses. The Thiess sale –which was announced on Monday –…

19.Oct, 2020 0

Apple releases high-spectrum 5G iPhone 12… but not for Australians –

Source: Unsplash/Fixelgraphy. Following in the footsteps of Samsung, Apple has released its first high-spectrum 5G smartphone, the iPhone 12. But only US customers will benefit. High-spectrum 5G uses millimetre-wave frequencies in the 26GHz range (25.1GHz to 27.5GHz). But Australia’s mobile phone networks, although they can access the mid-range 5G spectrum,…

19.Oct, 2020 0

Forrest chases more Aussie icons after $190m RM Williams deal – The Australian Financial Review

Assets on its radar are thought to include everything from hotels and resorts, outback tours and rail journeys, theme parks and sporting events as the Fortescue Metals Group founder and chairman bets big on Australia and its appeal to locals coming out of lockdown and the rest of the world….

19.Oct, 2020 0

Designated al Qaeda facilitator operates gemstone business based in Australia – Long War Journal

The U.S. government today added Ahmed Luqman Talib to its list of designated terrorists. Talib is an alleged al Qaeda facilitator who operates a gemstone business based in Australia. That business, Talib and Sons, has also been designated. Talib has provided material assistance or support to al Qaeda, according to…

19.Oct, 2020 0

CyberCX set to close 17th acquisition, intent to make its mark – The Australian Financial Review

“We see impressive talent and capabilities in these two businesses playing a critical role in deepening and enhancing CyberCX’s services, which are vital for our business and government customers as they adopt cloud-first solutions and enhance identity security controls,” he said. Mr Paitaridis said the company had spent the last…

19.Oct, 2020 0

The Australian lawyer who built a booming practice on finding loopholes – The Age

This week, The Age, The Sydney Morning Herald, 60 Minutes and The New York Times revealed how a secretive international operation, part led by the ATO and codenamed Atlantis, is targeting dozens of Australian taxpayers who use a Puerto Rican bank, Euro Pacific, co-owned by American celebrity business figure Peter…

19.Oct, 2020 0

The virus is powering volatility in Australia’s electricity – The Australian Financial Review

This is serendipitous as Victoria is the unofficial smart meter and lockdown capital of Australia. Thousands of Victorian businesses have been shuttered and their residents confined to quarters for most of the past six months. All of them have smart meters. Their initial findings were unsurprising: prolonged COVID-19 restrictions resulted…

19.Oct, 2020 0

Greens push jobmaker amendments to stop Australia’s largest companies claiming hiring credit – The Guardian

Australia’s largest companies would be unable to claim their share of $4bn to hire young workers under Greens amendments to significantly tighten eligibility for the jobmaker hiring credit. The Greens will seek to exclude companies that have recently declared a dividend or have underpaid workers through Senate amendments to the…

19.Oct, 2020 0

Can Australia dump China amid trade tensions? – DW (English)

There are reports that Australia’s coal is not wanted in China, their biggest market, with Chinese power stations and steel mills canceling orders and Chinese ports turning away Australian shipments following verbal directives from authorities. While the motive behind the ban is not yet clear — experts say it could simply…

19.Oct, 2020 0

Crown Resorts: Australian casino operator faces laundering probe – BBC News

The investigation has been revealed less than a month after another Austrac probe led to Westpac bank agreeing to pay the largest civil penalty in Australian corporate history following allegations it had made 23 million law breaches. Australia News feed