Qantas using AI as ‘Trojan horse’ for lay-offs, says union

At the heart of the controversy surrounding one of the world’s biggest companies is a former television journalist suspected of spying for the Chinese government.

China is again in the midst of a sharemarket rout. The blame game has already begun.

The Australian sharemarket had a strong session after US President Donald Trump said the Iran war “is effectively over”, boosting hopes for an end to the conflict that has driven up global energy costs.

Auric Mining has struck a deal for the Iron Maiden gold project near Norseman, adding a historical 68,500-ounce resource and potential future feed for its Burbanks mill.

Lindian Resources has secured an annual 30,000-tonne binding offtake for monazite concentrate from its Kangankunde rare earths project with a major global refiner.

A leading union said it was told by Qantas earlier in the year there was “no plan” to offshore any jobs. Qantas vigorously denies the claim.

Jensen Huang’s liaison with an alleged Chinese spy could cost Nvidia billions, set America’s AI sector back in its arms race with China, and embroil the US president.

Retailers are being warned not to mislead shoppers into thinking they’re getting more of a deal than they actually are during Black Friday sales.

Trump made the announcement as his own close relationship with Jensen Huang came under renewed scrutiny.

Financial advisers are channelling money into a sector that ASIC has accused of being home to some operators that use hidden fees and shift investor cash around.

NextDC boss Craig Scroggie said he was sorry residents felt they had been left behind by his plans to build a major AI data centre in West Footscray.

Australia’s sharemarket has ended the day higher after strong performances from mining and energy stocks helped counterbalance broader weakness.