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Daily Archives: February 9, 2020

Boral boss Mike Kane to exit after full-year results

“While we have faced some challenges, the strategies we’ve implemented have put the company on a path to deliver stronger financial returns through the cycle. We have a portfolio of businesses that are each highly strategic in their own right, and together will deliver more stable returns over the longer …

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Apple fined $41 million for secretly slowing old iPhones

“The DGCCRF has indeed shown that iPhone owners had not been informed that the updates of the iOS operating system (10.2.1 and 11.2) they installed were likely to slow down the operation of their device,” it said in a statement, adding that Apple had “committed the crime of deceptive commercial …

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Horizon Oil falls 30pc over PNG problems

Regional Asian markets have opened sharply lower on Monday. Stocks in Singapore and South Korea are leading the losses with falls in excess of 1 per cent. In pre-market trade, Hong Kong’s Hang Seng is also pointing to similar falls. Mainland Chinese markets are pointing to falls of between 0.5 …

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East Gippsland downpour could bring trees down, landslips

The deluge has the potential to finally put out two out-of-control bushfires still burning in East Gippsland, but that will depend on where the heaviest rain falls. “If they get the isolated 100mm over the fires, then yes, it’s likely to be enough to put them out. But if they …

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Aurizon to lift buyback by a hefty $100 million

Aurizon, the country’s largest rail freight operator, will reward shareholders with a $100 million boost to a share buyback after lifting its underlying first half net profit by a hefty 19 per cent to $269 million. The company, which transports a range of bulk commodities including coal, benefited from new contracts …

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‘Immortal clones’: Plea for recovery plan to aid ancient rainforests

Robert Kooyman, the ecologist who discovered and documented the nightcap oak, is pictured with one of the tree’s leaves.Credit:Peter Rae Energy and Environment Minister Matt Kean last week outlined the government’s first detailed response to fires that have ravaged more than a third of NSW’s national parks, scorching some 5.5 …

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‘Economic brink’: Solar plants curtailed as grid links stall

“If AEMO had performed their role as the network planner properly, they would have forecast these problems occurring well beforehand, thereby avoiding pushing these projects to the economic brink after they are built.” AEMO will hold a western Murray “technical forum” on Monday to discuss how to resolve the sector’s …

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Google to discuss code of conduct with publishers

Google Australia will start meeting Australian publishers to discuss a voluntary code of conduct that will govern how revenue is shared and how content is accessed. This week the technology giant will meet with Nine Entertaiment, publisher of this masthead, and News Corp separately to discuss their proposed process for …

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Fire-busting rain brings new threat to east coast

“We have experienced an increase in demand from people driving into floodwaters. It doesn’t work. You can’t beat those floodwaters under the volume of water. People are clearly not hearing or adhering to those messages.” The system that dumped around 300 millimetres of rain on parts of the Byron Bay …

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German artist makes a meal out of theatrical theory

Cloth will fascinate practitioners and admirers of contemporary performance art. It features German performance artist Jürgen Fritz, one of the founding members of the influential performance art collective Black Market International (BMI), formed in Poland in 1985. And in the dining experience itself, the audience is absorbed by, and transformed …

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