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The Latest News from business

Rivals offer parachute for Bonza staff after collapse

Rivals offer parachute for Bonza staff after collapse

Australia's major airlines have thrown Bonza workers a lifeline after their employer collapsed into voluntary administration.

Coles credits Pokemon with lifting supermarket sales

Coles credits Pokemon with lifting supermarket sales

Coles credits Pokemon with lifting supermarket sales

Coles credits Pokemon with lifting supermarket sales

Coles has recorded a 5.1 per cent rise in supermarket sales over the past three months, a boost it attributed in part to a popular collectibles campaign.

Woolies fined $1.2m for short-changing former workers

Woolies fined $1.2m for short-changing former workers

Woolies fined $1.2m for short-changing former workers

Woolies fined $1.2m for short-changing former workers

Supermarket giant Woolworths has been fined $1.2 million, after being threatened with $10 billion in fines for failing to pay out leave to 1200 former workers.

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Uber ride-share rival Ola hits the brakes in Australia

Uber ride-share rival Ola hits the brakes in Australia

Ride-share company Ola will end its operations in Australia after six years, warning customers of the closure in an email.

Hefty fines, tougher code could cut grocery prices: PM

Hefty fines, tougher code could cut grocery prices: PM

Shoppers could pay less for groceries under plans to impose heavy financial penalties on supermarkets that fail to comply with a code of conduct.

Uber 'not to blame' for downfall of taxi booking app

Uber 'not to blame' for downfall of taxi booking app

Lawyers for Uber have told a civil trial that a local taxi booking app had issues all its own as the rideshare giant entered the Australian market.

Home building muted yet rate cuts could spur activity

Home building muted yet rate cuts could spur activity

The pace of home building, as shown by official dwelling approvals data, continues to lag behind strong demand for housing.

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Small businesses 'doing it tough', warns industry body

Small businesses 'doing it tough', warns industry body

Small businesses 'doing it tough', warns industry body

Small businesses 'doing it tough', warns industry body

The Council of Small Business Organisations Australia chair wants small businesses to be "front and centre" of the upcoming federal budget and election.

Uber `tech bros' set out to crush taxi app, lawyers say

Uber `tech bros' set out to crush taxi app, lawyers say

Uber `tech bros' set out to crush taxi app, lawyers say

Uber `tech bros' set out to crush taxi app, lawyers say

The company behind a taxi app is suing Uber over claims it illegally launched rideshare services in Australia with the intention of destroying the platform.

Wage and energy bills prompt 'cost-of-trading crisis'

Wage and energy bills prompt 'cost-of-trading crisis'

Wage and energy bills prompt 'cost-of-trading crisis'

Wage and energy bills prompt 'cost-of-trading crisis'

Soaring wages, energy and insurance bills are hurting Australia's retailers, as the sector's peak body calls for relief to help businesses stay afloat.

Women leading the herd in agriculture business

Women leading the herd in agriculture business

Women leading the herd in agriculture business

Women leading the herd in agriculture business

Women in agriculture are making their mark in the sector by driving innovation in an industry that has long been dominated by men.

Armaguard seeks new talks after $26m deal rejected

Armaguard seeks new talks after $26m deal rejected

Armaguard seeks new talks after $26m deal rejected

Armaguard seeks new talks after $26m deal rejected

Armaguard is still keen to negotiate a cash injection from some of the nation's biggest banks and retailers after rejecting a $26 million deal.

Armaguard rejects deal, Coles resumes cash deliveries

Armaguard rejects deal, Coles resumes cash deliveries

Armaguard rejects deal, Coles resumes cash deliveries

Armaguard rejects deal, Coles resumes cash deliveries

Lindsay Fox's Linfox will pump millions of dollars into Armaguard, after concerns about the currency delivery business prompted Coles to pause cash orders.

Tough year ahead for low-income earners, renters: RBA

Tough year ahead for low-income earners, renters: RBA

Tough year ahead for low-income earners, renters: RBA

Tough year ahead for low-income earners, renters: RBA

Pressure from high inflation and interest-rate rises will weigh on those most exposed to financial shocks, Australia's central bank says.

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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

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

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

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.

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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

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

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.

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

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 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'

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

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