Business
A popular Sydney yum cha restaurant, Emperor's Garden, has reached an agreement to repay over $1 million in tax debt to the Australian Taxation Office (ATO), amid discussions to reopen the cream puff eatery. The 47-year-old restaurant in Chinatown suddenly closed in August amid scrutiny from the ATO over unpaid bills.
Australia's major telcos are set to activate a temporary disaster roaming agreement, providing mobile coverage to customers in regional areas affected by severe weather. The system will allow customers to access a rival network if their own goes down during a weather emergency.
A massive $15 billion data centre is being proposed for a site near Wagga Wagga in south-western New South Wales. The development, if approved, would be one of the biggest planned data centres in Australia.
A Sydney developer has gone bust amid questions over missing company money, leaving dozens of investors reeling. The failure of Fairy Meadow House Pty Ltd is the latest Supported Disability Accommodation (SDA) scheme to collapse, with investors losing more than $120 million across several schemes.
Winx's $10m daughter Quinceanera begins breeding career in NSW Hunter Valley. The mare visited stallion Super Seth last week.
Australia's eucalyptus oil industry is fighting back against cheap imports and fake products, with two major producers investing millions in new distilleries and harvesting equipment. The industry is also breeding 'super' trees with higher oil yields to increase production and efficiency.
Administrators of the Bathla Group have been granted an extension of up to another year to run the voluntary administration, as they work to secure longer-term funding and navigate a complex portfolio of property projects and creditor claims. The NSW Supreme Court has extended the convening period for the administration until September 13, 2027.
A Sydney-based fashion brand owner has found a way to get thousands of duplicate listings removed from a popular online marketplace. Warwick Levy, owner of Lonely Kids Club, shares his fix in the hope of helping other designers.
The ongoing Middle East conflict is driving up the price of diesel and other essential commodities, putting pressure on Australian farmers and businesses. The surge in crude oil prices is having a ripple effect on the entire supply chain, with the profit margin per barrel for refiners increasing significantly.
New South Wales' renewable energy rollout is running almost $1 billion under budget, with the state's EnergyCo agency attributing the gap to the timing of project milestones and construction activities. The delay in the rollout has raised concerns about the state's ability to meet its renewable energy targets.
Sydney-based fashion brand Cue Clothing Co has entered receivership, with FTI Consulting appointed as receivers and managers. The company will continue to trade while receivers assess restructuring options.
Australia's most expensive bull, Millah Murrah Wyatt W50, has sold for a record $420,000 and is expected to generate over $1 million in semen sales. The bull's semen will be collected and sold to cattle producers across Australia and the world.
A look at the vast property holdings of Bathla's founders reveals a stark contrast between their luxurious estates and the humble unit where one of them resides. The family's business, Bathla Group, has entered administration owing an estimated $3.4 billion.
Western Sydney developer Bathla Group has secured a two-week reprieve after five lenders agreed to provide between $3 and $5 million to keep the company running. The administrators are working to preserve value across the group, but the break-up of the company has already begun.
Sydney's banking sector has been hit by a massive alleged fraud, with NSW Police charging multiple individuals in connection with a multi-million dollar crime syndicate. The syndicate allegedly defrauded banks of up to $600 million.
A surge in the global price of antimony has led to the reopening of the historic Hillgrove mine near Armidale, with trucks once again moving on site for the first time in over a decade. The mine's revival is expected to bring new opportunities for local workers and generate money for the area.
Reserve Bank Deputy Governor Andrew Hauser has acknowledged that Australians are 'furious' about inflation, but has indicated that the central bank is not yet at a point where it needs to take drastic action. Mr Hauser said that inflation was the major problem for Australia's central bank, as he acknowledged Australians were struggling with the continued high cost of living and rising interest rates.
A major freight line between the Upper Hunter and Tamworth has been shut down after a Pacific National coal train derailed at Ardglen. The incident comes just weeks after a runaway driverless train sparked a safety investigation on the same network.
An investigation has been launched into a second tarmac near-miss at Sydney Airport in two weeks, as union leaders and officials clash over severe air traffic controller shortages.
Roster constraints at Airservices Australia have led to widespread delays affecting more than 150 domestic and international flights at Sydney Airport. Transport Minister Catherine King has demanded an explanation for the disruptions as frustrated passengers face travel chaos.
The Federal Court has heard the Commonwealth's historic $2 billion lawsuit against chemical giant 3M over PFAS contamination at 28 defence bases. A judge described the massive case as daunting and warned it must be expedited to avoid decades of delay.