Australia’s richest person Gina Rinehart said she plans to relinquish control of a multi-billion dollar family trust, ending a long-running and bitter feud with two of her “lazy” children.

Rebekah Kebede reports from Australian outback mining town Karratha, on the attractive prospects on offer for those willing to dig deep

Oil giant BP is fighting charges that it violated probation for a 2006 oil spill on Alaska's North Slope by allowing another large spill in the area three years later.

Speculation was mounting today over the future of BP boss Tony Hayward as its staff prepared to return to the storm-hit Gulf of Mexico.