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Latest news: Business

Mood sours for business, consumers amid uncertainty

Mood sours for business, consumers amid uncertainty

The Coalition is surging in opinion polls both federally and in one state which is facing an election amid plummeting business and consumer confidence levels.

Australians use trusts at 20 times the rate as the UK

Australians use trusts at 20 times the rate as the UK

Australians use trusts at 20 times the rate as the UK

Australians use trusts at 20 times the rate as the UK

Australia's higher use of discretionary trusts compared to other economies suggests a greater reliance on the structure for tax minimisation, an economist says.

'Killing the patient': business attacks watchdog report

'Killing the patient': business attacks watchdog report

'Killing the patient': business attacks watchdog report

'Killing the patient': business attacks watchdog report

Peak bodies have criticised the Productivity Commission for omitting issues such as tax and workplace relations in its review into boosting business output.

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Small businesses urged to get hands-on cyber coaching

Small businesses urged to get hands-on cyber coaching

Recent high-profile and increasingly frequent cyber attacks are underlining the need for Australia's business community to put up more safeguards.

'Forests on the moon': carbon credit reforms under fire

'Forests on the moon': carbon credit reforms under fire

Reforms to Australia's carbon credits have divided an inquiry, with critics warning they will not do enough while others argue they could undermine confidence.

Inquiry to ensure Australia Post continues to deliver

Inquiry to ensure Australia Post continues to deliver

An inquiry into Australia Post, which opened its first post office more than 200 years ago in 1809, will look at ways to diversify services.

Australia pays biggest bill for global diesel crisis

Australia pays biggest bill for global diesel crisis

The worldwide fuel crisis has cost Australia an additional $9 billion for diesel imports over six months – more than any other country.

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Rush to fix program flaws as hacking attempts surge

Rush to fix program flaws as hacking attempts surge

Rush to fix program flaws as hacking attempts surge

Rush to fix program flaws as hacking attempts surge

Millions of attempted cyberattacks have followed the disclosure of vulnerabilities in a key programming language as the world scrambles to patch up the problem.

AI could take 'real weight' off small business

AI could take 'real weight' off small business

AI could take 'real weight' off small business

AI could take 'real weight' off small business

Embracing AI could help operators of average-sized small businesses save about $136,000 a year and slash time-consuming administration.

Multimillion-dollar bid to make electric fleets pay up

Multimillion-dollar bid to make electric fleets pay up

Multimillion-dollar bid to make electric fleets pay up

Multimillion-dollar bid to make electric fleets pay up

A fleet of more than 100 electric vehicles will be put to the test over three years to find out if vehicle-to-grid technology can cut costs and make money.

NAB job cuts spark anxiety for thousands of workers

NAB job cuts spark anxiety for thousands of workers

NAB job cuts spark anxiety for thousands of workers

NAB job cuts spark anxiety for thousands of workers

More than 2000 NAB workers have received emails alerting them of job losses as the major lender pushes ahead with its latest restructure.

Australia should 'roll out red carpet' for data centres

Australia should 'roll out red carpet' for data centres

Australia should 'roll out red carpet' for data centres

Australia should 'roll out red carpet' for data centres

Clear rules and less 'green tape' are needed to ensure tech giants don't abandon Australia and take investments elsewhere, a climate leader warns.

Over-tyred: inquiry calls for a recycling overhaul

Over-tyred: inquiry calls for a recycling overhaul

Over-tyred: inquiry calls for a recycling overhaul

Over-tyred: inquiry calls for a recycling overhaul

Fewer end-of-life tyres would be buried in the ground and more recycled into new roads under changes recommended by a parliamentary inquiry.

Clear path forward on major online safety overhaul

Clear path forward on major online safety overhaul

Clear path forward on major online safety overhaul

Clear path forward on major online safety overhaul

Sweeping changes to online regulation have received broad support to pass before the end of the year, with the government open to considering Greens demands.

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Warming seas threaten billion-dollar salmon industry

Climate change could cost Tasmania's salmon industry millions of dollars in revenue and force major changes to farming operations, a report has warned.

Telstra takes aim at nation's growing regulatory burden

Telstra's chairman has cited mandatory mobile roaming as an example of a regulation that discourages investment at a time Australia needs more of it.

Palmer's lawyer 'flees' after $34 million fraud claim

Mining magnate Clive Palmer's former solicitor faces an arrest warrant after being accused of defrauding his billionaire client to buy real estate and gold.

Costs and labour shortage a double blow for regions

Confidence in the economy has fallen among regional businesses as they struggle to compete for workforces and affordable housing.

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Small business delivers e-safety wishlist as risks grow

Australia's entrepreneurs and small business owners need a hand-up, not a mandate to improve cyber-security, industry groups say, as online threats grow.

Consumer confidence plunges to worst level since 1990s

There's "no end in sight" for Australian consumers stuck in a "cost-of-living nightmare" as rising interest rates and fuel prices squeeze household budgets.

Australian tech giant taps into community solar farm

One of Australia's largest technology companies has signed a decade-long deal with a community-owned solar farm to help power a landmark building.

One-two punch for small business as card-ban row flares

Businesses are deciding whether to absorb card payment fees or pass the costs on as a ban on surcharges starts, but one government agency has another solution.

More than one quarter of big companies paid no tax

While big business paid $87.5 billion in income tax to Australia's tax office in 2024/25, major corporates like Santos and Optus did not pay a cent.

'Trusted partnerships' can build Asian business ties

Longstanding trust with Australia's Asian neighbours can drive enormous business opportunities and growth, an ASEAN business forum has been told.

Promise of 'light at end of the tunnel' for inflation

Labor is determined to inject optimism into Australia's gloomy consumers as another interest rate hike appears all but certain.

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