The Australian defence technology company has secured new orders for naval weapon systems and counter-drone technology in the Middle East, expanding its defence business and strengthening its regional presence.
HEALTHCARE & FITNESS
EchoIQ Lands $110 Million Backing for US Expansion of AI Cardiac Platform
The institutional placement will fund the growth of EchoIQ’s AI-enabled cardiovascular diagnostics business, building on its recent strategic partnership with Pro Medicus.
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Ampol Completes $1.16 Billion EG Australia Acquisition, Adds 480 Sites
Key Highlights Ampol has now finalised its $1.16 billion purchase of EG Australia. The deal increases Ampol’s retail network to a total of 480 sites across Australia. All of this is expected to come under the Foodary and U-GO brands…
Alcoa Seals $8 Bn South32 Deal as Matthew Daley Takes Over as CEO
Key Highlights Alcoa agrees to buy South32’s aluminium assets in a deal of up to $5.6 billion. US$4.1 billion will go as upfront consideration to South32. Acquisition includes ownership interests in Worsley Alumina, Hillside Aluminium and Brazilian operations. The deal…
West Midlands Group Begins Five-Year Study to Tackle Sandy Soil Erosion
The grower group is leading a long-term research program to better understand sandy soils and help farmers reduce erosion risks across the Mid West region.
Develop Global Awards $70M Contract to Fast-Track Pioneer Dome Lithium Mine
Bill Beament-backed Develop Global has awarded a $70 million mining services contract to MLG Oz to bring its Pioneer Dome lithium project into production this year, as the company moves to capitalize on strong lithium prices and accelerate development of the Western Australian asset.
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RBA Says Economy Is Responding to Higher Rates, Another Hike Still in Play
The Australian central bank said earlier rate hikes are having their intended effect and financial conditions have become restrictive, although policymakers have not ruled out another increase if inflation risks persist.
02
ASIC Eyes More Than $800M in Fines
Freedom of information data shows ASIC had already secured $423.8 million in civil penalties by April, quadrupling the total recorded in the previous financial year.
03
Australian Employers Face Deadline as Payday Super Rules Begin
Businesses must ensure their payroll systems are ready for payday super requirements from July 1, with the reforms designed to make superannuation contributions more timely and closely aligned with employee pay cycles.