Aussie firms want clear AI laws to meet tech challenge
Australian businesses are adopting artificial intelligence technology but a lack of skilled workers and clear guidelines is holding others back.
Economy, Business and Finance
Crunch time for Star despite narrowing full-year loss
Uncertainty continues to swirl around Star Entertainment Group's future after the struggling casino operator posted another significant full-year loss.
Dead letter day: post boss says the end is nearing
Australians are posting letters at dwindling rates not seen in almost a century, as Australia Post's boss says the days of snail mail are numbered.
Nation’s economic pulse check dominates data-heavy week
Australia's weak private sector could dampen the nation's economic recovery and cause GDP growth to undershoot the Reserve Bank's forecasts.
Home prices continue rising amid supply-demand mismatch
Home values have grown at the fastest rate in 15 months as the mismatch between supply and demand continues driving up prices.
‘It will be a disaster’: Olympic alarm as rail plan cut
Commuter chaos is on the cards at the Brisbane Olympics, a transport expert says, after government plans for a light rail project were scrapped.
Record forecast set for Australian production
Drought has not stopped forecasters from predicting record agriculture, fisheries and forestry production, with the value set to surpass $100 billion.
Buying frenzy for Coles shares after bumper sales year
Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.
earnings
economy, business and finance
energy
energy (general)
energy and resource
energy resources
exports
finance (general)
metal and mineral
Iron ore giant’s profit falls, green energy vow stays
One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.
Rate cut hopes dim as power bill shock sparks inflation
Borrowers hoping for a second straight interest rate cut have been dealt a blow after a surge in electricity prices drove inflation unexpectedly higher.
Ditch the diesel: the five sectors urged to go green
Major reforms may be needed to wean some Australian industries off diesel and reduce its significant contribution to the nation's carbon emissions.
Shoppers check out of Woolies as Coles registers gains
Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.
Beloved skipper killed, four rescued after boat capsize
A boat skipper has died and four people have been rescued after a charter boat capsized after hitting a dangerous sandbar, prompting a rescue effort.
Inflation ‘quirks’ unlikely to spook Reserve Bank board
Hopes of a rate cut have slipped after a shock surge in inflation, but it's not off the cards yet with more data to come before the next Reserve Bank meeting.
One in five young jobseekers are fudging AI skills
The pressure to understand and use artificial intelligence tools is getting to gen Z and millennial workers, with many admitting to exaggerating their talents.
Coal prices weigh on Whitehaven as profit slides
A major Australian coal producer has reported better-than-expected production from its new mines, but price pressures cut into its full-year result.
Record day in gains for ASX results in a sea of green
The ASX has finished a record-breaking trading session at an all-time high as investors turned the bourse green on the busiest company reporting day.
Tax perks on super for retirees ‘deserved’: treasurer
As the government considers tax changes to give younger generations a break, concessions on super for retirees are still fair, Jim Chalmers says.
Housing bubble warning as deposit scheme fast-tracked
House prices could surge and mortgage defaults rise when a government scheme to help first home buyers begins ahead of schedule, experts warn.
BWS owner cuts dividend as Aussies avoid booze splurge
Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.
Mail mess as Australia Post stamps out US deliveries
Businesses are counting the cost of Australia Post suddenly suspending many deliveries to the US and Puerto Rico because of import tariff rules changes.
Industry, climate firms to give green iron green light
Creating a green metals industry is taking longer than expected, experts say, but an Australian summit is seeking ways to accelerate its creation.
Biotech giant to slash 3000 jobs, spin-off vaccine arm
Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.
BHP mulls mothballing coal mines over royalty regime
BHP has delivered record production across several metal groups, but sluggish commodity prices and one state's royalty regime have chiselled away at earnings.
Red tape on chopping block in bid to build homes faster
Slashing regulations so houses can be built quicker has won universal approval at a government-led economic roundtable, but the finer details are up for debate.
Trade and skills under spotlight in ‘promising’ talks
The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.
Ex-Qantas boss returns to defends his troubled legacy
Controversial former Qantas boss Alan Joyce has used a rare public appearance to ask industry figures to consider their "social licence" in future plans.
Paul Kelly farewells Joe in How to Make Gravy sequel
One of Australia's most celebrated artists has released a sequel to Christmas anthem How to Make Gravy, almost three decades after its release.
Footy fans help consumer spending roar into growth
A British and Irish Lions rugby tour and the State of Origin league decider helped push household spending up in July, the latest CommBank data shows.
Aussie shares in record close, break $2.9 trillion mark
Australia's top 500 publicly traded companies are now worth more than $2.9 trillion, as major benchmark indexes closed at their highest ever levels.
Charge ahead: road taxes may be closer than they appear
A road user charge targeting electric vehicle drivers is gaining widespread approval but how it will work and when it will arrive remains up for debate.