logo
Rio Tinto extracts first gallium under collaboration with Indium

Rio Tinto extracts first gallium under collaboration with Indium

Reuters07-05-2025
A view shows the Rio Tinto logo in Perth, Australia, April 19, 2025. REUTERS/Christine Chen Purchase Licensing Rights , opens new tab
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
Reporting by DhanushVignesh Babu in Bengaluru; Editing by Vijay Kishore
Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Share X
Facebook
Linkedin
Email
Link
Purchase Licensing Rights
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia's Abacus Storage King opens books for $1.41 billion takeover bid
Australia's Abacus Storage King opens books for $1.41 billion takeover bid

Reuters

time24 minutes ago

  • Reuters

Australia's Abacus Storage King opens books for $1.41 billion takeover bid

July 21 (Reuters) - Abacus Storage King ( opens new tab has granted the consortium comprising Ki Corporation and Public Storage (PSA.N), opens new tab access to examine the company's books and records for six weeks to evaluate its A$2.17 billion ($1.41 billion) binding acquisition proposal. The consortium earlier in this month raised its bid to A$1.65 per share for the Australian self-storage firm. Abacus Storage in May rejected the group's earlier offer, citing risks surrounding valuation, timing and deal completion. Businessman Nathan Kirsh's family office Ki Corp directly and indirectly controls 59.39% of Abacus Storage. If a deal goes through, Ki Corp and Public Storage would own 50% each in the firm. At present there is no certainty that the parties will be able to agree terms to implement the revised proposal, Abacus Storage King said. ($1 = 1.5375 Australian dollars)

Gaudy lifestyle of controversial real estate agent who drives a $300,000 luxury car and boasts a $15million property empire - as three-year probe into alleged underquoting draws near
Gaudy lifestyle of controversial real estate agent who drives a $300,000 luxury car and boasts a $15million property empire - as three-year probe into alleged underquoting draws near

Daily Mail​

time24 minutes ago

  • Daily Mail​

Gaudy lifestyle of controversial real estate agent who drives a $300,000 luxury car and boasts a $15million property empire - as three-year probe into alleged underquoting draws near

High-flying real estate agent Josh Tesolin may be under investigation by NSW Fair Trading, but he hasn't let that put a dampener on his lavish lifestyle. Despite the official scrutiny, Tesolin remains one of Australia's highest-performing agents, reportedly raking in $9million in commissions over the past financial year. Tesolin isn't just a top-selling real estate agent – he and his wife, Sophia, have amassed a property portfolio estimated at more than $15million. This includes a four-bedroom home in Bella Vista, purchased for $2.3million in July 2021, and a five-bedroom house in Rozelle, which sold for $2.2million in 2024. Tesolin also owns two investment properties on the outskirts of Brisbane, acquired for a combined $789,000. He drives a Bentley Bentayga, which start at around $395,800, and has a penchant for Gucci and Louis Vuitton loafers, which retail for $1,600 and $1,700 respectively. Tesolin is also known for his flashy custom suits, including a jacket lined with images of homes he seemingly had a hand in selling, worn at a conference in New Zealand. And on the agent's wrist? A Rolex Day-Date, known as the 'President' model thanks to its association with global power players, which start at around $62,000. The Rolex was made famous by US Presidents like Richard Nixon, Gerald Ford, and Donald Trump, as well as cultural icons Michael Jordan, Jay-Z, and Warren Buffett. Tesolin is also known for gifting luxury timepieces to his staff to mark milestones. One post on social media shows the agent gifting a sales agent a rose gold Rolex, estimated to be valued at over $50,000. In another, a watch worth an estimated $35,000 was handed out. Tesolin, who regularly wears colourful socks, has previously joked that the cartoon patterns help him stay 'relatable' to his clients. 'Vendors often judge agents from the outside - assuming we're arrogant or overly serious - but when I show up in Gucci shoes, a custom suit, and socks with flying pigs, it breaks the ice, makes me more approachable, and shows I don't take myself too seriously,' he told the One Life Club podcast in January, 2024. In 2021, Tesolin was awarded the Number 1 Agent in Australia by RateMyAgent, a title he secured four years in a row, from 2020 to 2023. His wife is listed as the office manager at Ray White Quakers Hill in Sydney's northwest, where Josh is the owner and principal. Daily Mail Australia in April revealed Tesolin and his agency were at the centre of a NSW Fair Trading investigation into underquoting and complaints. The agent publicly acknowledged the investigation for the first time in a podcast interview with disgraced agent Adrian Bo. 'What are we being investigated for? Fair Trading came in, asked for files, we complied with the regulator,' Tesolin said. 'Anything the regulator has asked, whether it be 500 files... three files... we have completely complied with the regulator at every single stage.' A Fair Trading spokesperson last week confirmed the investigation was ongoing. 'The Strata and Property Services Taskforce within NSW Fair Trading is investigating Quakers Hill Ray White Real Estate and Josh Tesolin following proactive compliance blitzes into underquoting and complaints,' they said. 'As this investigation is ongoing, no further comment is available at this time.' The inquiry is expected to wrap up in the coming weeks. Daily Mail Australia does not suggest Tesolin has engaged in underquoting, only that his agency is the subject of an active investigation.

How Australia will be 'begging for migrants' as the nation's birth rate crashes to new low
How Australia will be 'begging for migrants' as the nation's birth rate crashes to new low

Daily Mail​

time24 minutes ago

  • Daily Mail​

How Australia will be 'begging for migrants' as the nation's birth rate crashes to new low

Australia is hurtling towards a population crisis, with birth rates plummeting so fast experts warn the country will soon be begging for migrants just to keep the economy afloat. The nation's birth rate is at an all-time low, according the Australian Bureau of Statistics (ABS), with the number of babies born not high enough to sustain the population. Renowned Queensland-based evolutionary psychologist Dr Bill von Hippel has warned the global decline in babies 'raises alarms' that humanity could begin to shrink without urgent intervention. In Australia, the trend is already well underway, with the birth rate plunging from 3.55 children per woman in 1960 to just 1.5 today - well below the level of 2.1 births per woman needed to sustain the nation's population of 27million. Dr von Hippel said low birth rates would inevitably drive governments to 'fight to let migrants in, not keep them out' to support an ageing population, workforce needs, and public services. 'If you look at the current population of the globe, it's meant to peak somewhere between 2070 and 2090, probably around eight billion and some change,' he told the Diary of a CEO podcast. 'And then it starts to go down, and then it may continue to go down forever.' Dr von Hippel said many Asian countries and half of western Europe had populations shrinking 'crazy fast' with Japan demolishing homes because there was nobody to buy them. That declining birth rate trend across rich, industrialised nations will propel them to outbid each other to lure migrant workers to live there. 'In 50 years, that argument is going to be how can we convince people of country X to come into our country because we're going to shrink and disappear,' he said. 'There are a lot of countries that are going to be literally half their size by the year 2100 because they're shrinking so fast.' Dr von Hippel said humans may start to have more children if robots take over some of the hard slog of parenting. Futurologist Rocky Scopelliti said in the future, nations won't fight wars over oil, they'll compete over nurses, engineers, and coders. 'Australia's fertility rate has dropped to 1.5, well below the replacement level of 2.1,' he said. 'This means fewer taxpayers, fewer workers, and a growing burden on a shrinking younger population to support an ageing one. 'By 2060, there will be just 2.7 working-age Australians for every person over 65, down from 7.4 in the 1970s. 'That spells serious strain on our healthcare, pensions, housing, and productivity.' Mr Scopelliti said as birth rates fell, a global talent war was brewing, with skilled migrants poised to become the world's most coveted asset. 'Australia can't assume it will stay on top,' he said. 'Canada has already outpaced us in attracting young, skilled migrants with streamlined visa processes and family-friendly resettlement policies. 'Australia must modernise its migration strategy, making it easier for workers, families, and students to stay long-term and integrate. 'If we hesitate, we'll lose out to more nimble nations.' Mr Scopelliti said countries such as Japan and South Korea were examples of what happens when demographic inertia sets in with fewer births, lower economic growth, and a struggle to fund basic services. 'Australia is not immune,' he said. 'We're at a pivotal crossroads. While slower population growth may benefit the planet in environmental terms, without strategic foresight, it could also lead to economic stagnation and declining innovation.' He said Australia has a unique opportunity with world-class education, political stability, lifestyle, and proximity to Asia. 'But we must improve liveability, housing affordability, and pathways to permanent residency,' he said. 'We need a bold migration brand strategy. 'If migrants are the gold of the 21st century, Australia must become the vault everyone wants to be in.' Outspoken billionaire Elon Musk has warned the world about declining birth and fertility rates. Musk, a father of 12, said the trend poses a significant risk to humanity. 'Population collapse due to low birth rates is a much bigger risk to civilisation than global warming,' he said in 2022. Musk said: 'A lot of people are under the impression that the current number of humans is unsustainable on the planet. 'That is totally untrue. The population density is actually quite low.' Emeritus Professor of Demography Peter McDonald from the Australian National University in Canberra stated that there are several reasons why young Australian women are delaying having children, or not at all. 'Establishing themselves in career, younger people have been putting off life and settling down, by staying in education longer, by travelling and all of those things lead to things occurring later,' he said. The professor said governments could pull two policy levers to increase fertility rates. 'One is affordable housing, and the other is affordable childcare,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store