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Latest news: Business

Business sector urges Canberra to tackle red-tape cuts

Business sector urges Canberra to tackle red-tape cuts

A powerful alliance of business groups has given the federal budget a tick but says Labor needs to take bigger steps to rid the sector of costly red tape.

Canberra embraces AI data crunch for medicines to tax

Canberra embraces AI data crunch for medicines to tax

Canberra embraces AI data crunch for medicines to tax

Canberra embraces AI data crunch for medicines to tax

Artificial intelligence tools will be used in unexpected ways by the government, from finding tax-return mistakes to assessing environmental projects.

Electric car owners dodge road charge but pay more tax

Electric car owners dodge road charge but pay more tax

Electric car owners dodge road charge but pay more tax

Electric car owners dodge road charge but pay more tax

Electric vehicle drivers will not have to pay an annual fee to use Australia's road network under budget changes but a tax discount will be wound back.

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Aussie healthcare giant's shares plunge to decade-low

Aussie healthcare giant's shares plunge to decade-low

Some $10 billion has been wiped from the market capitalisation of blood products manufacturer CSL after a dismal announcement.

Australia's data centre dilemma: energy boom or bust?

Australia's data centre dilemma: energy boom or bust?

Tech giants are spending billions of dollars to make Australia an artificial intelligence destination but its impact on the nation is up for debate.

Shoe chain cops double blow with inside trading probe

Shoe chain cops double blow with inside trading probe

An ASX-listed footwear chain has disclosed that its chief is under investigation for potential insider trading and that it will make millions less in earnings.

Major smelters under a cloud, government money runs out

Major smelters under a cloud, government money runs out

Talks between three governments and the operator of two smelters, which produce critical minerals and employ more than 100 people, have reached a stalemate.

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Legal action against troubled smelter dropped

Legal action against troubled smelter dropped

Legal action against troubled smelter dropped

Legal action against troubled smelter dropped

Australia's only manganese smelter, which is under administration and seeking a new buyer, will no longer be pursued legally by the regulator.

Theatre move remains a headache for national ballet

Theatre move remains a headache for national ballet

Theatre move remains a headache for national ballet

Theatre move remains a headache for national ballet

With operating losses of $4.7 million, the impact of the Australian Ballet's move to another theatre due to renovations is being felt by the company.

US tech giant claims $25b stake in Australian AI future

US tech giant claims $25b stake in Australian AI future

US tech giant claims $25b stake in Australian AI future

US tech giant claims $25b stake in Australian AI future

The nation's artificial intelligence industry will get a $25 billion-dollar boost, from data centres to workplace training, after a major company's bet big.

Parcel express: retailers to compete with global giants

Parcel express: retailers to compete with global giants

Parcel express: retailers to compete with global giants

Parcel express: retailers to compete with global giants

A major express parcel hub set to power the same-day delivery boom and meet growing consumer demand has been opened by Australia Post.

Woolworths denies deception, blames inflation for hikes

Woolworths denies deception, blames inflation for hikes

Woolworths denies deception, blames inflation for hikes

Woolworths denies deception, blames inflation for hikes

Inflation and supplier negotiations drove prices higher, not a desire to mislead consumers with short-term hikes, Australia's biggest supermarket says.

AI yet to boom with Boomers but young workers trust it

AI yet to boom with Boomers but young workers trust it

AI yet to boom with Boomers but young workers trust it

AI yet to boom with Boomers but young workers trust it

Artificial intelligence is opening a generational gap in Australian businesses, with younger workers more willing to use, train and trust the technology.

More firms risk failing than during COVID era: report

More firms risk failing than during COVID era: report

More firms risk failing than during COVID era: report

More firms risk failing than during COVID era: report

More Australian businesses are at risk of failure than at the height of the COVID-19 pandemic, as ongoing economic pressures continue to weigh on the economy.

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Booze bans worry Queensland hoteliers ahead of Olympics

A state's hotel association says "outdated" Good Friday pub trading laws must be changed ahead of the 2032 Games or the government risks an Olympic hangover.

Fuel, fertiliser shortages could deliver barren harvest

After a record-breaking year, agricultural businesses may need to change their approach to succeed amid worldwide supply issues.

Alpine town desperate to move on from Freeman's crimes

Can the small alpine community where Dezi Freeman shot dead two police officers, sparking a seven-month manhunt, shake off the stigma of the notorious murders?

WTO talks end in deadlock after Brazil blocks deal

In a "major setback for global trade", t‌he World Trade Organization ‌has failed to secure a collective decision on e-commerce during talks in Cameroon.

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Why small business is fighting back against Meta bans

After months of being locked out of her business social media accounts, an Australian hairdresser has finally regained access but she’s one of the lucky ones.

Calm before storm: RBA braces for spikes and hikes

The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.

Insolvencies at record highs, set to rise on Iran war

Australia's most essential industries are exposed to major risks from the ongoing conflict in the Middle East, as surging oil prices weigh on economic growth.

Homemade chips: $20m boost for Aussie quantum leader

A company planning to create the world's first commercial quantum computer will get a multimillion-dollar boost to achieve it in Australia.

Aussies could miss big payday due to basic AI skills

Millions of Australian workers are using artificial intelligence tools with only a basic understanding, and could boost their salaries with more training.

'Tales of two insolvencies': small business failures up

Credit-demand figures indicate business conditions have been headed south since before the US-Israeli war on Iran rocked global energy markets.

Aussies to build GPS alternative for self-driving cars

Cars, rockets and mining vehicles could drive themselves even when the global positioning system goes dark if a Sydney company succeeds in its mission.

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