Emergency meeting to determine response to tech outage
Australia remains in the "recovery stage" from a massive global tech outage as government agencies and industry representatives meet to discuss next steps.
Economy, Business and Finance
Australian shares take a breather after three-day climb
The ASX200 has finished 0.2 per cent lower, dragged down partly by losses from BHP and Rio Tinto, but still notched its second-highest close ever.
‘Bitcoin inventor’ referred to prosecutors for perjury
A UK judge has referred self-declared bitcoin inventor Craig Wright for alleged perjury after ruling the Australian had lied "extensively" to support his claim.
Breather for Australian shares after three-day climb
The ASX200 was down 0.2 per cent at lunchtime, dragged in part by losses from BHP and Rio Tinto but still on track for its second-highest close ever.
Online shopping spree despite cost-of-living crisis
Australians are still turning to online retail therapy despite household spending slowing due to cost-of-living pressures.
Labor urged to give CFMEU the cold shoulder on projects
The CFMEU's alleged links to serious criminals and bikies has sparked calls to dump members of the construction union from major infrastructure advisory roles.
Calls for law as AI rogues plunder Australian creatives
One actor's voice was cloned after producers cancelled his contract while another's was used in a pornographic ad without her consent, an AI inquiry has heard.
Star casinos shut pokies after major technology glitch
The blows keep coming for the embattled Star Entertainment Group, which has been forced to switch off thousands of poker machines after a technology failure.
Banks lashed for ripping off poorer customers
The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.
Aussie shares close over key level for first time ever
The ASX200 rose 0.7 per cent to close above 8,000 for the first time ever, more than four years after it broke through the 7,000 level.
Greens’ essential goods cap ‘may lead to shortages’
A Queensland Greens plan to cap prices for essential groceries is set to save households cash at the checkout but an expert has warned it may lead to shortages.
Anzac Day trade ban to end ‘creeping commercialisation’
NSW is extending its Anzac Day trading bans to cover the full day, but retailers say the move is out of step with what staff and shoppers want.
Cheaper materials take edge off home-building costs
Residential construction costs have finally stabilised after a prolonged period of strong price growth put pressure on the industry.
Telcos urge 205,000 Aussies to upgrade before 3G shuts
There are 205,000 mobile phones that won't connect to triple-zero after the 3G network closes, as telcos urge customers to check their devices and upgrade.
Aussie shares rally to 100-day high, edge all-time peak
The ASX200 has finished up 0.9 per cent to nudge an all-time high following further dovish testimony by Federal Reserve chairman Jerome Powell.
Pacific peace in focus as PM meets island counterpart
Australia's links to the Pacific remain a high priority as the prime minister met with his Tuvaluan counterpart amid geopolitical uncertainty.
Premier shuts down farmer push to end daylight saving
The NSW premier has ruled out winding back daylight saving, saying the practice encourages healthy lifestyles and helps get children off devices.
Premier rejects farmer push to shorten daylight saving
The NSW premier has ruled out winding back daylight saving, saying the practice encourages healthy lifestyles and helps get children off devices.
Aussie shares hit record high amid talk of US rate cuts
The ASX200 rose 0.8 per cent to set its sixth all-time high of 2024 and finished the week just over 40 points away from the 8,000 mark.
Controversial union boss John Setka suddenly quits
Union heavyweight John Setka has suddenly quit the CFMEU's top role citing "malicious attacks" and "ongoing false allegations" in stories.
Virtual reality tech, batteries named in safety probe
Battery-powered products and new kinds of consumer gadgets will be closely examined by Australia's consumer watchdog as a top priority.
Minister blasts power plant advice after explosion
Queensland Energy Minister Mick de Brenni says he had been given incorrect maintenance advice by operators of a power plant after a catastrophic explosion.
Lehrmann one of Australia’s most hated men, lawyer says
Media "harassment" has forced Bruce Lehrmann to move interstate and left him unable to defend himself in a $20,000 property dispute, a tribunal has been told.
‘Not open to negotiation’: New homes face delays
Australia's housing minister has not said whether she believes having a home should be a human right, as a political gridlock delays building new homes.
Any power cost reductions must flow to households: ACCC
Aussies are using less power and producing more rooftop solar to cope with energy costs, the consumer watchdog finds, urging retailers to share cost reductions.
Two in three Australian workers ‘using AI to save time’
Survey results showing rapid AI uptake in Australian workplaces come with a warning that the time-saving trend could be putting sensitive business data at risk.
Why Australian news could be banned from Facebook again
Banishing Australian news content from Facebook could devastate media outlets and disadvantage audiences, an inquiry into social media has heard.
‘Whole series of data’ before next rates call: RBA
The Reserve Bank's outlook on inflation is little changed and more data is needed to build a fuller picture of the economy, the deputy governor says.
Greenlight for ANZ’s takeover of Suncorp’s banking arm
ANZ's multibillion-dollar deal to buy Suncorp's banking arm is full steam ahead after federal Treasurer Jim Chalmers approved the plan.
Aust shares set for positive close to financial year
The ASX200 was up 0.8 per cent at midday, on track to finish June with a 1.4 per cent gain and the financial year with an 8.4 per cent rise.
Nine to cull 200 jobs in latest mass media lay-offs
The publisher of The Sydney Morning Herald and The Age plans to trim its staff by about four per cent after Meta declined to renew a lucrative content deal.