Business
Heatwave and coal outages deliver $2 million payday for NSW home battery owners
A spring heatwave and coal outages have delivered a $2 million payday for home battery owners in New South Wales, as electricity prices skyrocketed to record levels on the National Energy Market (NEM). The extraordinary spike in prices was fueled by a confluence of factors, including a spring heatwave, coal-fired generating units being out of action, and high transmission lines running below capacity due to maintenance.
1 day ago
Business
3M to 'attack' $2 billion PFAS contamination lawsuit
US chemical giant 3M is set to defend itself against a $2 billion lawsuit alleging it withheld evidence that its firefighting products were toxic to humans and the environment. The lawsuit claims 3M's products contaminated land and water at 28 Defence Force bases across Australia.
1 day ago
Business
Retail Giant Kmart Taken to Court Over Safety Concerns
A major retail chain is facing legal action from the consumer watchdog over allegations it sold products that caused serious injuries, including burns requiring medical treatment. The Australian Competition and Consumer Commission (ACCC) has taken the company to court in Victoria, alleging breaches of Australian Consumer Law.
3 days ago