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Latest news: Business

Job cuts, work sent offshore 'a win' for bank customers

Job cuts, work sent offshore 'a win' for bank customers

Two of the four big banks have slashed thousands of jobs within days, with one creating roles offshore it insists will benefit customers.

Consumer confidence dips as households slowly recover

Consumer confidence dips as households slowly recover

Consumer confidence dips as households slowly recover

Consumer confidence dips as households slowly recover

Years of lost purchasing power is still weighing on Australian households as the steady recovery in consumer confidence stalled in September.

Companies face little accountability on gender equality

Companies face little accountability on gender equality

Companies face little accountability on gender equality

Companies face little accountability on gender equality

Gender balance in leadership across corporate Australia is stalling as analysis finds women hold just 10 per cent of CEO roles in ASX 300 companies.

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Company accelerates electric truck parcel deliveries

Company accelerates electric truck parcel deliveries

Quiet and clean, if costly: an Australian delivery business says more companies should adopt electric trucks ahead of World EV Day.

AI business 'wake-up call': teach workers or miss out

AI business 'wake-up call': teach workers or miss out

Workers need greater training in artificial intelligence technology to tap into future innovations, a study has found, but many are resistant to change.

Wife of accused cop-killer 'present' for shooting

Wife of accused cop-killer 'present' for shooting

Police have revealed the wife of fugitive Dezi Freeman was present when he allegedly executed two officers in cold blood.

Aussie firms want clear AI laws to meet tech challenge

Aussie firms want clear AI laws to meet tech challenge

Australian businesses are adopting artificial intelligence technology but a lack of skilled workers and clear guidelines is holding others back.

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Penalty rates protected under new workplace laws

Penalty rates protected under new workplace laws

Penalty rates protected under new workplace laws

Penalty rates protected under new workplace laws

Measures protecting penalty rates for almost three million employees who work public holidays and weekends are set to come into effect.

One in five young jobseekers are fudging AI skills

One in five young jobseekers are fudging AI skills

One in five young jobseekers are fudging AI skills

One in five young jobseekers are fudging AI skills

The pressure to understand and use artificial intelligence tools is getting to gen Z and millennial workers, with many admitting to exaggerating their talents.

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Why Australian AI regulation could be a legal patchwork

Artificial intelligence may not be governed by a single, dedicated law in Australia but experts say changes to several existing laws could offer protection.

Aussie sunscreen product rubbed out after testing fail

Aussie sunscreen product rubbed out after testing fail

Aussie sunscreen product rubbed out after testing fail

Aussie sunscreen product rubbed out after testing fail

A popular brand's sunscreen has been withdrawn from shelves after it failed to deliver consistent SPF ratings during independent testing.

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

Aussie workers sceptical of AI coming for their jobs

A slim majority of workers believe the government can be trusted to regulate artificial intelligence and most think it will augment rather than replace jobs.

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.

Google cops $55m fine for search engine deals on phones

Google cops $55m fine for search engine deals on phones

Google cops $55m fine for search engine deals on phones

Google cops $55m fine for search engine deals on phones

Google engaged in anti-competitive behaviour when it asked telcos to install only its search engine on phones, Australia's competition watchdog says.

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Cutting 'nightmarish' red tape may awaken productivity

Fixing Australia's regulations could help businesses and shoppers save and reinvigorate Australia's languishing productivity base.

'A luxury not a lifeline': call to defend penalty rates

Unions are urging the government to protect the penalty rates that help bolster the pay packets of millions of Australians.

Electric goes large: low-emission utes, vans get a show

Utes that can be plugged in and vans that run on batteries have gone on show in Australia for the first time, which experts say is proof the market has moved.

Telcos still failing to support struggling customers

Requests for help from customers experiencing financial hardship have been continually rejected by major telcos, according to the industry ombudsman's report.

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Australia shouldn't try to reinvent the AI wheel

Australian companies should boost productivity by using existing artificial intelligence tools rather than trying to create sovereign models, a US expert says.

Green hydrogen hype fades but future hopes are bright

Two major Australian green hydrogen projects have been abandoned within weeks but experts say it will give investors time to rethink the future of the fuel.

Billionaire's Wisetech gets insider as new chief

Zubin Appoo has been appointed chief executive of Australia's biggest tech firm, WiseTech, replacing its billionaire co-founder Richard White.

Accused Israeli restaurant protester remains in custody

A man charged with affray following a protest outside an Israeli restaurant has made a bid for bail, more than two weeks after the incident.

Restaurants, building firm insolvencies remain high

CreditorWatch data has found business insolvencies remain historically high, with two key sectors bearing the brunt.

Four day week firms as win-win for workers and business

Cutting one day from the working week could reduce burnout and increase job satisfaction, a study has found, but it could also boost productivity.

Lack of AI playbook puts Australia down readiness ranks

Many Australian businesses are willing to spend on AI but lack a plan to implement the game-changing technology, pushing the nation down the readiness rankings.

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