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Latest news: Business

Directing companies shouldn't be a Sisyphean task: ASIC

Directing companies shouldn't be a Sisyphean task: ASIC

The chair of Australia's corporate watchdog has drawn on Greek mythology to call out company directors who think their jobs are too hard.

Online shopping is forcing down prices by $1100 a year

Online shopping is forcing down prices by $1100 a year

Online shopping is forcing down prices by $1100 a year

Online shopping is forcing down prices by $1100 a year

Greater competition from online shopping is forcing down the price of some goods, research has found, and could have a bigger impact in the future.

Victoria inches closer to scrapping business stamp duty

Victoria inches closer to scrapping business stamp duty

Victoria inches closer to scrapping business stamp duty

Victoria inches closer to scrapping business stamp duty

The Victorian government is moving to scrap stamp duty on commercial properties and replace it with an annual property tax.

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Workers underprepared as AI reaches turning point

Workers underprepared as AI reaches turning point

Few Australian businesses are fully prepared to deploy a transformational technology set to democratise intelligence to almost all workers, a report says.

Amazon plans to recruit 'a handful' of small businesses

Amazon plans to recruit 'a handful' of small businesses

US retail giant Amazon has revealed plans to expand its delivery network in Sydney, Melbourne and Brisbane using local small businesses.

Hundreds of jobs axed with PwC to 'simplify' business

Hundreds of jobs axed with PwC to 'simplify' business

Big Four consultant PwC has made hundreds of jobs redundant and accelerated the retirements of more than 30 partners in an effort to streamline its structures.

Coles faces competitive pressure from online retailers

Coles faces competitive pressure from online retailers

The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.

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Energy retailer fined for tardy payments to customers

Energy retailer fined for tardy payments to customers

Energy retailer fined for tardy payments to customers

Energy retailer fined for tardy payments to customers

An energy retailer has been forced to pay more than $400,000 in penalties for breaching the rules for payments after failing to meet guaranteed service levels.

WA ranked first, Vic last on economic performance: IPA

WA ranked first, Vic last on economic performance: IPA

WA ranked first, Vic last on economic performance: IPA

WA ranked first, Vic last on economic performance: IPA

A new report has ranked states on their performance across 10 economic indicators, crowning WA as the nation's best performer while Victoria came last.

Star returns to profit, welcomes new Bell inquiry

Star returns to profit, welcomes new Bell inquiry

Star returns to profit, welcomes new Bell inquiry

Star returns to profit, welcomes new Bell inquiry

Star Entertainment Group has posted a $9.1 million first-half profit, but revenue was down 15 per cent as it faced increased competition and weaker spending.

Twiggy backs fossil fuel levy, slams nuclear 'bulldust'

Twiggy backs fossil fuel levy, slams nuclear 'bulldust'

Twiggy backs fossil fuel levy, slams nuclear 'bulldust'

Twiggy backs fossil fuel levy, slams nuclear 'bulldust'

Business leader Andrew Forrest has called for a levy on fossil fuel producers and labelled nuclear-focused energy policies 'bulldust' during a national address.

Higher interest rates clip Endeavour Group profit

Higher interest rates clip Endeavour Group profit

Higher interest rates clip Endeavour Group profit

Higher interest rates clip Endeavour Group profit

Endeavour Group's sales were up in the first half, but so were borrowing and lease costs for the Dan Murphy's and BWS bottle shop operator.

Prison terms for bosses, $33m fines over waste cartel

Prison terms for bosses, $33m fines over waste cartel

Prison terms for bosses, $33m fines over waste cartel

Prison terms for bosses, $33m fines over waste cartel

Two top waste firms and their former bosses have been punished for taking part in the "most egregious form of anti-competitive behaviour".

Major hit to businesses in Sydney light rail stoush

Major hit to businesses in Sydney light rail stoush

Major hit to businesses in Sydney light rail stoush

Major hit to businesses in Sydney light rail stoush

Businesses affected by the construction of the Sydney light rail have lost an unusual legal bid to recoup the cost of funding their class action.

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'We're not the Soviet Union': PM on supermarket chains

Australians working for major supermarket chains would lose their jobs if the federal government forced them to break-up, Anthony Albanese says.

'Do the right thing': PM's warning to Coles and Woolies

Coles and Woolworths have been put on notice, with Prime Minister Anthony Albanese warning public opinion could have a big impact on the supermarket giants.

Aussie firms fall short of global net zero standards

Large Australian corporations are failing to meet global best practice when it comes to reducing their carbon dioxide emissions, according to a new study.

High-risk AI use could be banned by new task force

Using artificial intelligence technology in risky tasks such as social scoring and biometric identification could be banned in Australia by a new group.

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Urgent changes needed to support women in STEM jobs

A new report recommends changes to support more diversity in science, engineering and technology jobs, as the industry fails to embrace change.

Coles blames farmers, suppliers for higher prices

Coles has told a parliamentary inquiry into supermarket prices the reason behind higher costs is due to price increase requests by farmers and suppliers.

Aussie firms urged to deploy AI to save productivity

Artificial intelligence tools could rescue Australia from low productivity levels, a conference has heard, and banish "busy work" for employees.

Palmer loses appeals in resort, election fraud cases

Queensland's Court of Appeal has dismissed applications by Clive Palmer and his Coolum resort relating to charges before Brisbane Magistrates Court.

Meta reveals plans to launch AI services in Australia

The firm behind Facebook has bold ambitions for artificial intelligence, with Mark Zuckerberg announcing plans to create the world's most popular AI services.

AI tech predicted to soar amid calls for an Aussie GPT

The use of artificial intelligence technology is expected to skyrocket in 2024 but experts warn of potential risks and the need for an Australian made version.

New rules warn of AI data poisoning, attacks and theft

Australia's top cybersecurity agency has issued guidelines for the use of artificial intelligence technology, warning businesses about privacy and data risks.

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