Business

Prime siteRoadside retail revs up

With the takeaway-only trade restrictions, orders have accelerated in Queensland’s drive-through retail sector and property investors are watching and waiting.

Phil Bartsch

Latest updatesASX jumps after oil price surge

The Australian share market has opened strongly after a surge in oil prices which also boosted US stocks following a rollercoaster day on Wall Street.

Nathan Vass in New York, AAP and AP

COVID-19 crisisRapid Creek Markets to close as virus claims another victim

THE Rapid Creek Markets have become the latest Top End event to fall victim to the coronavirus crisis

MATT CUNNINGHAM

Strong startWoodside and Co. lead way as ASX jumps on oil surge

An overnight oil price surge has fuelled a strong open for the Australian sharemarket with some big energy stocks climbing close to 20 per cent.

Alex Druce

Market collapse‘Horror show’ to come as US sheds 10m jobs in 2 weeks

America’s once-robust labour market is collapsing faster than at any point in the last century.

Silence is deafeningGhost town: Eerie sights as shoppers stay home

While the supermarkets struggle to keep up with “three Christmases” worth of shoppers, it’s a different story for other retailers.

Caitlyn Rintoul

Prime SiteSolid foundation for bounce back

It’s still early days but Queensland’s commercial property market is in a strong position to bounce back from the tumultuous impact of COVID-19. Here’s why.

Phil Bartsch

Financial stressReal estate agents face fines, jail for superannuation advice

Australia’s corporate watchdog has warned real estate agents could face heavy fines and even jail time by advising vulnerable tenants to access superannuation to pay rent.

David Aidone

Output confusionTrump tweet fuels oil’s biggest-ever daily gain

But doubts have crept in over the US President’s claim that he had brokered a deal that would see Saudi Arabia and Russia slash production.

Coronavirus crisisAnother COVID-19 positive brings total NT cases to 22

A WOMAN who recently returned from the United Kingdom has tested positive for coronavirus bringing the total number of NT cases to 22

Fashion‘We won’t survive’: Fashion industry on brink of collapse

The COVID-19 crisis could decimate Australia’s fashion industry, according to Vogue editor Edwina McCann, who is launching an online campaign to help the country’s designer labels sell off millions of dollars of new season stock at discounted rates.

Amy Price

WFHHow to keep workplace culture alive while remote

Virtual happy hours, online gaming sessions and guest appearances from sports stars in conference calls are just some of the ways businesses are keeping morale high and teams connected while working from home.

Melanie Burgess

‘Just ecstatic’Free childcare a boon for Territory families

TERRITORY parents are rejoicing at the financial and emotional pressure eased by the Federal Government’s free childcare announcement.

RAPHAELLA SAROUKOS and SARAH MATTHEWS

Prices stay steadyNo fuel price relief in sight for Territory motorists

PETROL prices across the NT won’t drop in the coming weeks due to the coronavirus, despite other states enjoying prices as low as 89c/L.

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

SEE INSIDE THE LUXURY DIGSMeet $16m man that smashed Perth’s 2020 property record

The global economy has tanked and property is predicted to fall — but a Subiaco apartment sale this week broke these dismal trends to set a new record. Meet the man behind the $16 million sale.

Kim Macdonald

COVID-19 confusionTempers boil as landlords, tenants in virus stalemate

Commercial landlords and tenants are calling for a code of conduct to guide negotiations as the six-month ban on evictions during the COVID-19 crisis causes confusion for both parties.

Kim Macdonald

Government GrantImpact bags NSW Govt grant

Impact Minerals has been awarded a grant from the NSW Government in a nod to the company’s technical accomplishments at its Broken Hill project.

Matt Birney

Equity RaisingAVZ Minerals to place $3.6M

AVZ Minerals will place $3.6M worth of stock to Chinese investor, Lithium Plus and others to progress short term development at its giant Manono lithium play.

Matt Birney

African GoldTietto’s drill fleet springs into action in Africa

Tietto Minerals own fleet of drill rigs has been churning away in Africa amid tightening restrictions globally.

Matt Birney

CITY BEATBacklash against takeaway delivery prices

One Brisbane hospitality operator has kept his casuals to make deliveries rather than pay the high prices of Uber Eats or Deliveroo.

Anthony Marx

Home loansProperty buyers put straight onto hardship provisions

Home buyers in the settlement process who have recently lost their jobs or had their salaries slashed have in some cases been put straight onto bank’s hardship provisions.

Sophie Elsworth

Fast cuttingRio fast tracks hay harvest to get ahead of COVID rules

Rio Tinto started cutting its 6000 tonne hay crop early because it was concerned it could be affected by virus travel restrictions.

Jenne Brammer

The economyOutlook souring for Aussie banks, warns Moody’s

As Kiwi officials deal a blow to the big four Australian banks, one of the world’s top credit rating agencies has weighed in with a warning that the outlook is turning increasingly sour.

Peter Taylor

‘RANGE OF ACTIONS’‘Challenging time’: BGC slashes salaries, reduces hours

EXCLUSIVE: WA’s biggest residential builder has slashed salaries by up to 40 per cent amid a drastic downturn in demand for new builds in the midst of the coronavirus pandemic.

Josh Zimmerman