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Latest news: Business

$50K in a day: why firms are struggling with AI costs

$50K in a day: why firms are struggling with AI costs

In the rush to adopt artificial intelligence, some companies are blowing their budgets and failing to recognise the importance of human workers.

Craft retailer Lincraft puts final stitch in shopfronts

Craft retailer Lincraft puts final stitch in shopfronts

Craft retailer Lincraft puts final stitch in shopfronts

Craft retailer Lincraft puts final stitch in shopfronts

Beloved craft retailer Lincraft will close the remainder of its bricks and mortar stores, citing changing customer behaviour and low-cost overseas competition.

'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

Laws enshrining the legal right to work from home have arrived in the Victorian parliament, angering sections of the state's business community.

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Burger joint accused of 'misleading' green promotion

Burger joint accused of 'misleading' green promotion

Popular hamburger franchise Grill'd has been accused of misleading customers over a tree-planting donation campaign.

Why women's burnout is costing Australian workplaces

Why women's burnout is costing Australian workplaces

Existing business systems are outdated and were never designed to help sustain the mental health of the people running them, researchers say.

BHP accused of 'American-style' strikebreaker tactics

BHP accused of 'American-style' strikebreaker tactics

BHP stands to lose $120 million a day if workers follow through with threats to stop work at the mining giant's Port Hedland facility, unions say.

Cloud forms again over unique smelter and 200 jobs

Cloud forms again over unique smelter and 200 jobs

Difficulties during negotiations have put the future of Australia's only manganese smelter, which is in administration, and hundreds of jobs in doubt.

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'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

'Take a breath': Google tells Aussies to relax about AI

'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.

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

Female founders to gain access to new financial backing

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.

Relief for workers with lifeline for ailing smelters

Relief for workers with lifeline for ailing smelters

Relief for workers with lifeline for ailing smelters

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.

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Back to the future: Kmart returning checkouts to exits

Kmart Group is refurbishing two dozen more stores to a new format, and opening a new concept store for home goods near an Australian capital city.

Big bank changes RBA rate call as cost pressures ease

Big bank changes RBA rate call as cost pressures ease

Big bank changes RBA rate call as cost pressures ease

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.

Trans-Tasman ties never better despite tax jibe: PM

Trans-Tasman ties never better despite tax jibe: PM

Trans-Tasman ties never better despite tax jibe: PM

Trans-Tasman ties never better despite tax jibe: PM

The diplomatic relationship between Australia and New Zealand has never been stronger, both leaders insist, despite commentary over recent budget announcements.

Chatbot mechanics: Aussies are turning to AI for fixes

Chatbot mechanics: Aussies are turning to AI for fixes

Chatbot mechanics: Aussies are turning to AI for fixes

Chatbot mechanics: Aussies are turning to AI for fixes

More motorists are turning to artificial intelligence for advice on how to fix their car and one in three trust the technology more than a human.

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Red alert for green iron: Australia risks its advantage

None of Australia's green iron projects are ready to launch and, without policy changes, the nation risks missing the opportunity to lead a global race.

AI's dirty secret: data centre boom threatens resources

Artificial intelligence could use three per cent of global energy by the end of the decade, the UN warns, and use 10 times more land than Mexico City.

AI to hit Aussies as data centres push up energy costs

Urgent action must be taken to regulate power and water used by data centres to avoid burdening Australian households with higher costs, a study has found.

AI on a budget: Aussie watchdog trails global peers

The body charged with assessing artificial intelligence risks in Australia will operate on a small budget compared to its global counterparts.

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Retailers under attack from weak demand, rising costs

Australia's retail sector faces a pincer attack as the war in the Middle East increases costs and pushes consumers to the brink.

'Not loved out there': senator blasts airline bosses

One airline is holding more than $90 million in customer money from cancelled travel during the COVID-19 pandemic.

Data centres drive record $6 billion investment boom

A spike in spending on equipment needed to power AI has underpinned strong growth in business investment, despite a slowdown in consumer spending.

More Australian firms are panicking and paying ransoms

Australian companies are among the most likely to pay online criminals to retrieve stolen data even though they have to disclose their payments.

Falling fuel prices bolster hopes for RBA rate reprieve

A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

Buyers firm for Whyalla steelworks, island smelter

The shortlist to take over the ailing Whyalla steelworks has narrowed, while a buyer is entering exclusive talks to purchase Australia's only manganese smelter.

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