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Berkshire Hathaway increased its stake in iPhone maker Apple to about 133 million shares, chairman Warren Buffett told CNBC.

Former ABC managing director David Hill has held back tears as he told a British inquiry of the sexual abuse and suffering of children sent from the UK to work at Australian farm schools.

BHP Billiton and striking workers at its Escondida copper mine have resumed talks in an effort to reach a wage agreement.

The Philippines on Monday condemned the "barbaric beheading" of a German captive by Islamic State-linked Abu Sayyaf militants, who posted a video of the killing after a deadline for a ransom passed.

Former President George W. Bush, in his first interview since the start of Donald Trump's administration, said he sees a need for an investigation into the Trump team's ties to Russia and voiced skepticism about his successor's approach to immigration and the media.

Fortescue Metals and Apollo Global are reportedly among the bidders for Wesfarmers's Australian coal operations.

Ali, who converted to Islam from Christianity in his 20s, is the first Muslim actor to win an Academy Award.

The age of Donald Trump is alive and well in Hollywood as the red carpet – the grand final of awards season – was a safe yet gloomy affair.

A home building company that once sponsored the St Kilda Football team has gone into administration with the loss of 90 jobs.