PM puts supermarket giants on notice over mega profits
Big companies running supermarkets have a responsibility to customers to not price gouge, the prime minister says, as the sector faces a review.
business (general)
Palmer’s nephew ‘waives’ rights due to Bulgaria exile
A judge has found Clive Palmer's nephew has given up his right to attend his own trial for contempt of court through his decision to move overseas.
NAB chair defends bank’s climate pledges at fiery talks
Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.
Hats off to the Forrests as they snap up Akubra
Australian businessman Andrew Forrest and his wife Nicola have added handmade hat brand Akubra to the brands within their private investment group Tattarang.
auto trends
business (general)
environmental issue
environmental pollution
renewable energy
road transport
transport
Businesses still in the slow lane for electric vehicles
Almost one in three businesses have yet to add an electric car to their fleet and half say they will not make a full move until after 2030, a new study finds.
Hopes monthly fee will sell business on electric fleets
Plans to offer charging stations for a monthly fee and without installation costs is hoped to put thousands more electric vehicles on Australian roads.
Watchdog puts a roadblock on Transurban bid for rival
The competition watchdog has put the brakes on a move by private toll operator Transurban to take a majority share in the company that operates EastLink.
Aboriginal heritage on the agenda at mining conference
As the Aboriginal Enterprises in Mining, Energy and Exploration conference gets under way in Cairns, looking after heritage is high on the agenda.
Aussie investors to lobby for gender balance by 2030
Investors want to see more women in leadership roles and more gender diversity issues addressed by the companies they back, according to a survey.
Qantas soars to $2.5b profit, plans share buyback
Qantas has posted its first full-year profit after incurring $7 billion in losses during the pandemic, and has ordered two dozen new Boeing and Airbus aircraft.
Palmer funded action against Telstra over COVID vaccine
Legal action against Telstra over its COVID-19 vaccination policy for employees has been discontinued, with documents showing it was funded by Clive Palmer.
Funeral home owner agrees to $1.8b revised takeover bid
An ASX200 company that operates nearly 300 funeral homes in three countries has agreed to be taken over by a US-based private equity firm.
Woolworths accused of underpaying staff $1m in leave
Woolworths underpaid more than $1 million in long service leave to 1235 former employees, Victoria's wage watchdog says.
Why electric trucks are driving closer to price parity
Eco-friendly delivery trucks could cost no more than diesel models by 2030, analysis has found, but policies are need for some of the biggest electric trucks.
Funding gap means growing pains for Australian unicorns
Australian technology startups are challenging Silicon Valley ventures for investment but need changes to education and funding to take on big firms.
Business as usual for rich-lister Forrests after split
One of Australia's richest couples, Andrew and Nicola Forrest, have separated but will continue working together on their various business interests.
Business as usual for rich-list Forrests after split
One of Australia's richest couples, Andrew and Nicola Forrest, have separated, but they will continue working together on their various business interests.
Electric vehicle demand revs up as companies eye future
One in every two Australian businesses is likely to start electrifying vehicle fleets in the next two years and some are already stocking up on the cars.
Vaccine ‘game changer’ to use needle-free skin patches
A Queensland biotech firm will lead efforts to create a needle-free skin patch allowing people in remote areas to be vaccinated without medical staff.
Mortgage holder pain reaches new heights as rates rise
The Australian economy appears to be weathering the interest rate cycle better than most had expected but mortgage holders are starting to crack.
Workers on track for fastest wage growth in decades
Fierce competition for workers and government wage polices are expected to underpin strong wage growth in 2024, the federal budget papers confirm.
Qantas reveals first female CEO to replace Alan Joyce
Qantas chief financial officer Vanessa Hudson will take the helm of the national carrier from long-standing head Alan Joyce when he retires in November.
business (general)
construction and property
consumer confidence
economy, business and finance
house building
Porter Davis owes Commonwealth Bank $33m: documents
Documents filed with the corporate watchdog show the Commonwealth Bank of Australia is owed millions by home builder Porter Davis, which collapsed last month.
Housing hammered as big building companies down tools
Building works will stop immediately on more than 1700 properties in Victoria and Queensland as a result of the collapse of Porter Davis.
Peak union wants wage boost for lowest-paid workers
More than two million workers on minimum and award wages should get a seven per cent pay rise to keep up with the rising cost of living, the ACTU argues.
Myer to close flagship Brisbane store after 35 years
Retail giant Myer will close its flagship store in the heart of Brisbane's Queen Street Mall after posting a half-yearly 24 per cent jump in sales.
Aussies spend record amount at Christmas
Christmas and Boxing Day sales have hit record amounts and growth with Australians rewarding themselves after a tough year.
Theranos founder Holmes gets 11 years jail
Onetime US billionaire Elizabeth Holmes has been jailed for more than 11 years for fraud at her failed blood-testing start-up Theranos.
Deliveroo fallout devastates food industry
Businesses are owed thousands and delivery riders are out of work following Deliveroo's shock closure but experts warn more food services may shut.
Deliveroo pulls out of Australian market
In a shock move, food delivery service Deliveroo has announced plans to shut down its Australian operations, putting thousands of people out of work.
Demand strong, but biz confidence weakens
Australian firms are growing wary of an economic slowdown, but overall economic conditions remain robust, according to NAB's monthly business survey.