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Australia is importing record amounts of butter at ‘eye-watering’ prices
In short: Australia imported a record 47,500 tonnes of butter last year, mostly from New Zealand. Global butter prices are at record highs, but opening milk prices for Australian dairy farmers are down. What's next? Rabobank is warning shoppers may need to brace for higher butter prices. Global butter prices have surged to record levels
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On the Radar – Coins to Watch: OM and BONK
Bitcoin breaks above both August and September monthly highs this week. ETF flows record their first +$500M USD net flow day since June 5th, 2024. Altcoin analysis: OM and BONK Bitcoin has surged 7.8% since the weekly open at 10 AM AEST, currently trading at $67,700 USD. This puts the price above the August high
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Wollongong gun shop owner Shane Simpson admits selling weapons to underworld figures
Wollongong gun shop owner Shane Simpson, who fraudulently on-sold hundreds of weapons over a five-year period, including one used in an alleged Sydney murder, says he "just wanted to make sure my family is going to be OK".
William West, 21, sentenced for coronavirus coughing stunt at Coffs Harbour Police Station
William West, 21, is sentenced over charges stemming from a "joke" that involved him falsely claiming to have COVID-19 and deliberately coughing on a 71-year-old police employee.
Woman ‘smoked cones’ after stabbing ex-boyfriend to death, Supreme Court hears
A 29-year-old mother has been jailed over the manslaughter of an ex-boyfriend in 2017. The sentencing judge said the victim "died a terrible, painful death."
Woman ‘smoked cones’ after stabbing ex-boyfriend to death, Supreme Court hears
A 29-year-old mother has been jailed over the manslaughter of an ex-boyfriend in 2017. The sentencing judge said the victim "died a terrible, painful death."
Union in push to end junior wages so workers get national minimum wage
Employers can pay youngsters aged below 21 less than the minimum wage. But some say it is not a fair deal and are pushing for equal pay.
Terms and conditions could be key to curbing financial abuse as businesses urged to step up
Manipulating an ex-partner financially online could soon lead to bans as more than 20 businesses move to update their terms and conditions in a pledge to better support victim-survivors.
Rising cost of living leaving many Canberra small businesses in a precarious position
The rising cost of living is taking a toll on Canberra small businesses, as increasing operational costs combined with customers spending less leaves many in a precarious position.
Rising cost of living leaving many Canberra small businesses in a precarious position
The rising cost of living is taking a toll on Canberra small businesses, as increasing operational costs combined with customers spending less leaves many in a precarious position.
Ancient Ethereum Whale Moves 7,000 ETH to Exchange Kraken
A crypto whale, active since Ethereum’s 2015 ICO, recently transferred 7,000 ETH valued at US$24 million. Initially, the whale purchased 254,900 ETH for just US$79,200, achieving an extraordinary 1,115,600% return due to a 76% price increase last year. ETH is expected to see substantial future inflows with the anticipated ETF approvals. What a rare sighting.
Queensland Small Business Commission report finds low appetite for innovation in state sector
Queensland's small business sector is characterised by low levels of innovation, risk-taking, and tech-savviness, the state's Small Business Commission finds.
What’s in the budget for businesses? A lot, for those who can engineer a $22.7 billion ‘Future Made in Australia’
The Albanese government is spending big on its ambition to engineer a "Future Made in Australia", while leaving some scraps for small businesses struggling with the here and now.
Regional WA businesses resorting to building or buying accommodation to house or attract staff
Businesses in regional Western Australia are calling for increased housing availability as employers and community groups look to build accommodation to attract staff.
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Sheep industry veteran says it’s time to move on from live export fight and focus on new markets
In short: A veteran of Western Australia's sheep industry says farmers should focus on new markets, not on fighting the live export ban. Rob Egerton-Warburton says while the fight has been gallant, the ban is now legislated and would take years to overturn, causing more uncertainty. What's next? The Kojonup farmer says the industry should
Ukraine says Russian troops loot, occupy Kherson homes in civilian clothes as battle looms
With a battle looming in Kherson, where the city has been starved of power, Ukraine accuses Russian troops of looting and occupying people's houses.
Woman stabbed to death in Townsville, police take man into custody
Detectives have arrested a 25-year-old man after his 44-year-old mother was stabbed to death in her home in Townsville.
BRRC Stormwater Infrastructure Upgrade Set to Commence
Council will shortly begin upgrading the existing stormwater infrastructure at the Byron Resource Recovery Centre (BRRC) in preparation for future weather events and to further future proof the facility. Danielle Hanigan, Manager Resource Recovery at Byron Shire Council, said that the project will initially involve upgrading the drains and swales on the northern and western
‘Really damaging’ if Philip Lowe were reappointed as Reserve Bank governor, economist says
The treasurer will soon announce the fate of the RBA governor and economists are split over whether Philip Lowe should stay until rates settle or make way for new blood to guide the bank through turbulent economic times ahead.
Penola Riddoch Highway bypass still generating debate four years after opening
It has been four years since a contentious bypass directed trucks away from Penola, opening just before COVID-19 border restrictions in a double whammy that led to lost trade for businesses, but locals say the town is bouncing back.
Tasmanian social enterprise engages teenagers in science and business through beauty products
When Kirsha Kaechele randomly surveyed a group of teenagers about their interests, she was surprised to hear "beauty" topped their lists. It inspired her to build a lab that teaches science through beauty products.
WA police say fire that caused $1 million in damage near Palmer may have been arson
Police are investigating the cause of a blaze in Palmer, two hours south-east of Perth, which tore through 300 hectares of land during hot and windy conditions.
WA teacher Nicholas Visser jailed for sexual abuse of teenage girl
Nicholas Visser first contacted the girl on the social media app Snapchat, then told an internal school investigation the friend request was a mistake he made after a night of drinking.
Crypto ETFs See Record Trading, Total Bitcoin Held Exceeds $60 Billion
Rising crypto prices spur interest in ETFs, with significant weekly gains for Bitcoin, Solana, and Ethereum. Recent trading days have increased total ETF assets by over US$600 million, reaching US$60 billion. BlackRock’s IBIT leads with the highest Bitcoin inflows, adding nearly US$289 million recently. Also: Monochrome launches a new Ether ETF in Australia, offering both
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Swyftx Reveals OTC Insights: PEPE a Top Traded Asset Among High Volume Investors
Solana has usurped Bitcoin as the most-traded asset among high-volume OTC traders on popular Aussie exchange Swyftx. Bitcoin is lagging just behind Solana in second place, with Ethereum rounding out the top three. Interestingly, meme coins have infiltrated the top ten most popular assets for OTC traders, with Pepe ranking higher than projects like XRP
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Dogecoin Litigation Continues: Musk and Investors Clash Over Sanctions After Dismissal
In the class action suit launched by Dogecoin investors against Elon Musk, both parties have filed cross-motions seeking post-dismissal sanctions against the other. The suit had seemed to be over in August after the judge in the case threw out the plaintiff’s fourth amended complaint against Musk. The class action was launched in 2022 by
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Bitcoin Rally Signals Investor Optimism for $80K Pre-Election Surge, Says Bitwise CIO
Bitcoin’s weekend rally has carried into the week, thanks in part to Kamala Harris’ promise to build a regulatory framework for the digital asset market. The coin is now toying with US $70k for the first time in months – and Bitwise CIO Matt Hougan believes this is just the beginning. With much of Bitcoin’s
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Tesla Stirs Crypto Market by Relocating Nearly All Its Bitcoin After Two-Year Hibernation
Tesla transferred around US$765 million worth of Bitcoin to new, undisclosed wallets, its first activity in two years. While these wallets are not connected to crypto exchanges, indicating no immediate plans to sell, the move has sparked curiosity about Tesla’s future plans for its Bitcoin holdings. Tesla originally bought US$1.5 billion worth of Bitcoin in
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Grayscale Moves to Convert Multi-Token Fund into ETF, Aiming for NYSE Listing
Grayscale Investments is seeking to convert its Digital Large Cap Fund, which holds some of the largest crypto assets by market capitalisation, into an exchange-traded fund (ETF). If approved, this would be Grayscale’s fifth ETF offering. The fund will also move from trading over-the-counter (OTC) to being listed on the New York Stock Exchange (NYSE).
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