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Anthony Albanese rejects reports of $450m coal price cap payout for Rio Tinto and partners

Anthony Albanese has rejected suggestions of a potential $450m payout to Rio Tinto and its partners for the Gladstone power plant, which could push coal price cap compensation to more than $1bn. Albanese told Channel Seven’s Sunrise the federal government expects the cost “will be nothing like the sort of figures” reported for Gladstone although Queensland premier Annastacia…

Iran funds Hezbollah with smuggled gold

Iran is smuggling gold from Venezuela to finance Lebanon’s Shiite Islamist Hezbollah movement, bypassing U.S. sanctions, according to a report by British-based opposition media that cited a confidential document. According to Iran International, Lloyds Marine insurance company sent a warning to its clients that revealed the Islamic Republic’s illegal schemes through Venezuela, to fund its…