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Latest news: Business

Billionaire founder retakes control of his $32b company

Billionaire founder retakes control of his $32b company

Richard White has been named executive chairman of WiseTech Global, four months after stepping down as CEO amid an inquiry into his conduct.

Why the next big AI advance will not just talk but walk

Why the next big AI advance will not just talk but walk

Why the next big AI advance will not just talk but walk

Why the next big AI advance will not just talk but walk

Humanoid robots that can help at home or work are becoming tech firms' next big investment following breakthroughs in artificial intelligence.

'Game-changing' anti-scam laws to protect consumers

'Game-changing' anti-scam laws to protect consumers

'Game-changing' anti-scam laws to protect consumers

'Game-changing' anti-scam laws to protect consumers

Scam victims will have clearer paths to compensation if businesses do not shore up their defences after scam prevention measures were enshrined in law.

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Australia at the 'bottom of the class' on research

Australia at the 'bottom of the class' on research

Australian businesses and governments are investing too little in vital research projects, a discussion paper has revealed.

The cost of broadband is rising, but so is its speed

The cost of broadband is rising, but so is its speed

Australians are paying more to access the internet but thousands more households are getting access to faster download speeds.

Workers fear use of AI in hiring and firing decisions

Workers fear use of AI in hiring and firing decisions

Artificial intelligence technology is already being used to monitor Aussie workers even though laws governing its use are not yet in place.

Economic uncertainty clouds business investment outlook

Economic uncertainty clouds business investment outlook

The value of planned investment projects, such as road and rail infrastructure, has fallen as businesses cut costs in response to rising economic uncertainty.

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Blunt power warning as energy boss pushes onshore gas

Blunt power warning as energy boss pushes onshore gas

Blunt power warning as energy boss pushes onshore gas

Blunt power warning as energy boss pushes onshore gas

The boss of Australia's biggest energy company has a blunt warning on local manufacturing, pushing for more onshore gas exploration to address supply concerns.

Treasurer courts business with productivity promises

Treasurer courts business with productivity promises

Treasurer courts business with productivity promises

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

AI angst - workers fear bosses will prioritise profit

AI angst - workers fear bosses will prioritise profit

AI angst - workers fear bosses will prioritise profit

AI angst - workers fear bosses will prioritise profit

Australian workers are reluctant to embrace artificial intelligence, with fewer than one in three believing it will have a positive impact.

The $239b Aussie industry smashing investment records

The $239b Aussie industry smashing investment records

The $239b Aussie industry smashing investment records

The $239b Aussie industry smashing investment records

Australia's exchange-traded funds industry continues to break records and its value is tipped to rise to perhaps as much as $800 billion by 2030.

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Chalmers buoyant about 2025, ahead of inflation data

Treasurer Jim Chalmers remains confident 2025 will be better economically for Australians after struggles with the cost of living.

Nation raises glass to honour third-generation vintner

Nation raises glass to honour third-generation vintner

Nation raises glass to honour third-generation vintner

Nation raises glass to honour third-generation vintner

A long-time winemaker with a "gift of the gab" has helped develop his family company into an industry leader while promoting co-operation with other labels.

Wesfarmers to close money-losing e-commerce site

Wesfarmers to close money-losing e-commerce site

Wesfarmers to close money-losing e-commerce site

Wesfarmers to close money-losing e-commerce site

Wesfarmers says the recent increase in Australian e-commerce activity had hampered growth prospects for its catch.com.au website.

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A decade past its due date, the NBN promises to deliver

Removing copper connections from the National Broadband Network will come at a cost of more than $6 billion but tech experts say the move will be worth it.

All ahead AI: fresh risk, different rules, new features

Generative AI tools have already changed the way Australians work, communicate and study. Experts say more changes are coming in 2025.

Cleaning companies accused of cartel price fixing

Two cleaning companies are facing legal action over alleged cartel behaviour, as one denies all accusations and vows to take the fight to court.

AI used to target election fraud and criminal deepfakes

Government agencies are teaming up with Microsoft to track disinformation and criminal acts, with plans to use AI to detect attempts to interfere in elections.

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Wanted: one million Aussies, Kiwis to learn AI skills

Microsoft wants to train at least one million Australians and New Zealanders in how to use AI tools over the next two years as part of a worldwide push.

Indigenous winemakers pouring culture into every drop

An Indigenous-owned wine company is celebrating its success, as it expands internationally and gives back to community.

Calls to lift small businesses out of red tape quagmire

The government is being urged to change the definition of a small business and lessen the weight of regulation for employers struggling with rising costs.

Thirty licences to open a cafe: state red tape ranked

Australian business must work through a patchwork of regulations wherever they operate, but requirements in some states are more onerous than in others.

Shelves bare but union puts stock in talks with Woolies

Supermarket shelves will continue to remain bare as hundreds of workers picketing a major Woolworths warehouse fight for better pay and conditions.

Call to boost Aussie research funds as review launches

A study of Australian research investments has been welcomed by business, academic and technology groups, but some say more urgent action is needed.

'Not robots': Woolies says no shortages as staff strike

Some 1500 Woolworths warehouse workers are on strike, but the supermarket giant insists their absence is not leading to empty shelves for customers.

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