Founders warn of talent exodus despite tax carve-outs
A snap two-day parliamentary inquiry into budget tax changes is set to deliver its report as startup founders warn innovation will be hit despite carve-outs.
economy, business and finance
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business (general)
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economy, business and finance
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state budget and tax
Tax carve-out backdown fails to cut it with businesses
Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.
Qantas picks London for record-breaking non-stop flight
Direct commercial flights between London and Sydney are set to fly for the first time from October 2027, Qantas says.
‘Missed opportunity’ to act on power plan loyalty tax
The electricity rule-maker has a plan to price power as simply as milk and prevent loyal customers from being overcharged, although some are calling for more.
Olympic-sized cost for Games city’s bridge revealed
Australia's biggest council has revealed the cost of restoring an Olympic host city's famous bridge, prompting pleas for state and federal financial help.
Qantas to announce launch of ultra-long-haul flights
Qantas is poised to announce the first destinations for the world's longest non-stop flights under its "Project Sunrise" plan that's expected to launch in 2027.
Payout ends Sandilands legal row as Jackie O’s rolls on
Kyle Sandilands will get $12 million as his bitter legal fight with ARN comes to an end, but his former on-air partner is still chasing her chunk of change.
G7 leaders pledge to address global debt vulnerability
G7 leaders have vowed to enhance efforts to address escalating global debt vulnerabilities in developing countries that threaten economic stability.
Slowing economy could shut the door on more rate hikes
Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.
‘Taken for mugs’: KPMG referred for corruption probe
Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.
Fight and flight: tax inquiry fuming just a smokescreen
Fears startup founders will pack up and move their businesses overseas due to tax changes are unfounded, a parliamentary inquiry hearing has been told.
RBA keeps rates on hold but leaves door open to hikes
Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.
UK retail giant makes hostile bid for Hype DC owner
The British company that owns Sports Direct is offering to buy Accent Group for $390 million, saying it has concerns about its management and chairman.
Historic Kyiv monastery damaged, 10 killed in Ukraine
European leaders have sharply criticised Russia's latest attacks on Ukraine, which sparked a fire at a UNESCO world heritage site in Kiev.
Better but ‘not perfect’ tax reform wins expert support
Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.
Reserve Bank meets with rates tipped to stay on hold
Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.
Geneva on high alert as 50,000 G7 protesters expected
Luxury shops and banks are boarded up in the Swiss city of Geneva in anticipation of anti-G7 protests as leaders attending the summit are due to fly in.
Relief likely as Reserve Bank tipped to hold cash rate
The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels.
Musk’s SpaceX surges past $US2 trillion in Nasdaq debut
SpaceX has made its stock market debut in a record initial public offering, with the company's value surging past $US2 trillion.
SpaceX shares gain 20 per cent after record IPO
Elon Musk's SpaceX has made its stock market debut in a record initial public offering, with shares opening more than 20 per cent higher.
‘Take a breath’: Google tells Aussies to relax about AI
Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.
Anxious wait for Aussie investors ahead of SpaceX float
Super funds, institutional investors and tens of thousands of retail investors are waiting to see whether they have been allocated shares in the SpaceX float.
After record IPO, SpaceX faces test in market debut
SpaceX has made history after raising $106 billion to become the biggest IPO ever. Now the market is set to find out the strength of the stock's "Musk premium".
Female founders to gain access to new financial backing
Female founders will have greater access to venture capital funding under a new program designed to help tackle the gender gap in start-ups.
Popular goods retailer eyes regions for store expansion
Super Retail Group, which owns Supercheap Auto, Macpac, BCF and Rebel, is expanding its store footprint to 900 within five years under a new growth plan.
Relief for workers with lifeline for ailing smelters
Smelter operator Nyrstar hasn't ruled out needing further taxpayer money after extra funds were announced to prop up two ailing facilities.
‘Transformative’ airport to open with meagre schedule
An international airport will open with less than two dozen domestic flights a week, but it's hoped it can give passengers better travel options.
breaking_news
economy, business and finance
housing and urban planning
politics
state budget and tax
Higher debt, cheaper homes as territory axes stamp duty
Stamp duty will be abolished for ACT first home buyers in an Australian first, despite the territory budget set to surpass $12 billion in debt.
Aussie retailers under pressure from e-commerce giants
Australians are continuing to turn to global e-commerce providers as rising costs weigh on household budgets, heaping more pressure on local retailers.
economy, business and finance
financing and stock offering
personal investing
satellite technology
space programme
Aussie demand for SpaceX float overwhelms call centres
The lead Australian broker on the $2.5 trillion public launch of Elon Musk's SpaceX is experiencing "extremely high" call volumes as investors try to get in.
Big bank changes RBA rate call as cost pressures ease
Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.