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The Latest News from business

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

'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

'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

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

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

Urgent changes needed to support women in STEM jobs

Urgent changes needed to support women in STEM jobs

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 blames farmers, suppliers for higher prices

Coles blames farmers, suppliers for higher prices

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

Aussie firms urged to deploy AI to save productivity

Aussie firms urged to deploy AI to save productivity

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

Palmer loses appeals in resort, election fraud cases

Palmer loses appeals in resort, election fraud cases

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

Meta reveals plans to launch AI services in Australia

Meta reveals plans to launch AI services in Australia

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

AI tech predicted to soar amid calls for an Aussie GPT

AI tech predicted to soar amid calls for an Aussie GPT

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

New rules warn of AI data poisoning, attacks and theft

New rules warn of AI data poisoning, attacks and theft

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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PM puts supermarket giants on notice over mega profits

Big companies running supermarkets have a responsibility to customers to not price gouge, the prime minister says, as the sector faces a review.

Kokoda Track tour operator back in business

A major Kokoda Track tour operation is free to take groups on the historic walk once again after a court overturned a ban on Adventure Kokoda's operations.

Aust Post's $2.9m compo bill for lost, damaged parcels

More than 10,000 businesses will share in millions of dollars after Australia Post admitted to failing to accept compensation requests.

Review to ensure Indigenous contracts hit the mark

The awarding of Commonwealth contracts to Indigenous companies will be reviewed to ensure the taxpayer cash ends up in the right hands.

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Mine rehabilitation presents 'immense' opportunities

With hundreds of mines expected to close in coming decades, the rehabilitation process is expected to bring opportunities for First Nations communities.

NAB chair defends bank's climate pledges at fiery talks

Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.

Palmer's nephew 'waives' rights due to Bulgaria exile

A judge has found Clive Palmer's nephew has given up his right to attend his own trial for contempt of court through his decision to move overseas.

Bush businesses caught by rising costs, closing banks

Australia is in the grips of a "cost-of-doing-business crisis" as fuel and energy prices rise and one-third of rural operators report "poor" business health.

Why AI will diagnose breast cancer in Australia by 2028

Artificial intelligence will be used in many fields in the coming years, from breast cancer screening to the fight against scammers.

Bad influence: social media stars and firms exposed

A sweep by the Australian Competition and Consumer Commission has found that many online influencers and businesses are misleading the public.

Small businesses to get free cyber education boost

Home Affairs Minister Clare O'Neil has unveiled millions of dollars worth of new funding to help small businesses protect themselves from cyber attacks.

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