Business

BleakAustralia enters recession, but worst yet to come

Australia is bracing for further economic pain as the nation slips into recession, with the cost of coronavirus and Australia’s devastating bushfire season coming to light in the first quarter of this year. But experts say the worst is still yet to come.

Tom Minear, John Dagge and Tamsin Rose

ExclusiveHow COVID-19 will ‘wipe out’ a generation of apprentices

The skills shortage crisis is predicted to be six times worse than the GFC, with more than 100,000 apprentices and trainees set to go across the country this year alone.

Clare Masters National Education Editor

Situation ‘critical’Closed borders leave NT tourism operators in dire straits

THE operator of two Territory holiday resorts has warned the Gunner Government that many businesses will not see 2021 if borders don’t reopen soon.

GARY SHIPWAY

Nickel-PGEBlackstone nails new massive nickel sulphide veins in Vietnam

Blackstone Minerals is onto a large EM target after intersecting a new 1m wide massive nickel sulphide vein in two separate drill holes 200m apart in Vietnam.

Matt Birney

African GoldTietto maintains upwards trajectory on gold deposits in Africa

Tietto Minerals’ privately owned drill rig fleet has been turning out some remarkable numbers at its Abuja gold project in Côte d’Ivoire.

Matt Birney

Goldfields explorationLefroy hits 100,000 ounces after Kambalda resource upgrade

After a methodical and sustained exploration program at the Lefroy Gold project near Kambalda, Lefroy Exploration has now reached a 100,000 ounce milestone.

Matt Birney

External reviewsMassive cost of reform at troubled Public Trustee

It has been an expensive year at the Public Trustee of Queensland since the suspension of boss Peter Carne, with a just-released register revealing how much has been spent by the embattled organisation on external reviews.

Anthony Marx

CITY BEATClubs Queensland boss quits amid bleak future

He took the helm of Clubs Queensland during one economic shock and has left the organisation as it emerges from another, which he thinks will decimate the sector

Anthony Marx

Rotational ForceFirst US Marines touch down in NT as Darwin deployment begins

THE first group of US Marines has touched down in Darwin as part of the annual Marine Rotational Force Darwin exercise, which will see them posted in the NT for three months

NATASHA EMECK and WILL ZWAR

Cybercrime‘Big game hunter’ hackers hit MyBudget data

A criminal group that hacked SA’s MyBudget business – compromising the data of thousands of customers – has been identified. And they’re known as “big game hunters” in the cybercrime world.

Giuseppe Tauriello

Sunny side of closureCrocodylus Park turns to solar for greener future

CROCODYLUS Park is looking to embrace a greener future, having installed a 99.6kW solar power system amid the coronavirus pandemic to help the zoo become more environmentally friendly.

WILL ZWAR, will.zwar@news.com.au

Change of handsNew ownership for three Red Centre cattle stations

THREE Central Australian cattle stations, Narwietooma, Derwent and Glen Helen Station, have been bought by Hale River Holdings owned by Tim and Emily Edmunds from Napperby Station, for $38.5 million.

GARY SHIPWAY, gary.shipway@news.com.au

Investor furyRio rock shelter blast exposes social risks for miners

Explosions that damaged a 40,000-year-old Aboriginal heritage site in the Pilbara are focusing investor concern on the growing reputational risk companies face from social issues.

Sybilla Gross and David Stringer

Drop aheadBuilders brace for bigger hit on approvals

In WA, total dwelling approvals rose 2.3 per cent but private sector house approvals rose only 0.8 per cent on the previous month — up from 914 to 964.

Prashant Mehra

BusinessEconomy shrinks amid fires and virus shock

The March quarter national accounts show Australia's economy shrank 0.3 per cent at the start of the year, but was cushioned by exports and government spending.

Katina Curtis, AAP Senior Political Writer

Cue ‘bonanza’Musgrave shares sparkle on Starlight drill hits

The explorer has revealed a series of thick, shallow, high-grade gold intersections from reverse circulation drilling at its Cue project.

Stuart McKinnon

EconomyRecession looms after Q1 GDP fall

Australia's economy contracted 0.3 per cent in the March quarter, with the country certain to be declared in recession in the coming months.

Derek Rose

Customer’s furySheep ship ‘insult’ threatens WA farmers’ future

WA farmers and a major live exporter say a decision by the Federal Government to refuse an application to ship sheep to the Middle East is ‘insulting’ to the customer.

Jenne Brammer, Peter De Kruijff and Sarah Ison

Terry McCrannEconomic cliff plunge may not be as steep as first feared

Economists expect the GDP to shrink by between 6 and 8 per cent in the June quarter, but while such a plunge would mean the worst recession since the Great Depression of the 1930s, we won’t be starting quite as far down as we first feared, writes Terry McCrann.

Terry McCrann

Generation RenovationHome reno cash grants to be announced tomorrow

Australians will get handouts of about $25,000 to renovate or build a new home as part of a construction cash splash by the Federal Government designed to help the economy and keep tradies in jobs.

Lanai Scarr & Peter Law

PhoenixAdelaide brothers cop ASIC ban

Two Adelaide brothers who traded their commercial cleaning businesses while insolvent and engaged in illegal phoenix activity have copped hefty bans from the corporate watchdog.

Giuseppe Tauriello

Welcome backStars light the path for tourism comeback

Looking for the perfect Instagram shot? From now until October is the ideal time to head to the Murraylands to do some stargazing.

Paula Thompson

Election issueGunner Government cops criticism over power costs, supply

THE Gunner Government has copped a stinging rebuke in the lead-up to the Territory election from the peak body representing NT businesses over rising electricity costs and unreliable supply.

GARY SHIPWAY, Business Editor