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Latest news: Economy, Business and Finance

Chinese startup unveils world's largest open AI model

Chinese startup unveils world's largest open AI model

Moonshot has released the latest version of its Kimi AI system, further narrowing the China's performance gap with US models such as Anthropic's Fable.

Aussie shares end week lower as mining rout continues

Aussie shares end week lower as mining rout continues

Aussie shares end week lower as mining rout continues

Aussie shares end week lower as mining rout continues

Mining stocks have continued to come under selling pressure, leaving the Australian share market down for a second week.

'It breaks your heart': scammers fake a real economist

'It breaks your heart': scammers fake a real economist

'It breaks your heart': scammers fake a real economist

'It breaks your heart': scammers fake a real economist

A well-known economist has spoken about his experience of being impersonated by scammers, warning vulnerable Australians not to fall for their tricks.

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BHP port workers take action in historic Pilbara strike

BHP port workers take action in historic Pilbara strike

Port workers have downed tools over a wage dispute with BHP and their union warns more strike action is possible if the mining giant doesn't buckle.

Australian shares flat after another 'dull' session

Australian shares flat after another 'dull' session

Energy stocks and miners have dragged on the ASX200 for another session in an otherwise unremarkable day for Australian shares.

Calls grow for urgent rules to curb AI data centre rush

Calls grow for urgent rules to curb AI data centre rush

Delays bringing in new standards for data centres risk leaving a window for big tech companies to avoid stricter environmental regulations, advocates warn.

New anti-slavery laws raise 'red tape' concerns

New anti-slavery laws raise 'red tape' concerns

Business groups are worried new measures proposed to push large companies to keep slavery out of their supply chains wont work and will add red tape.

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'End of an era': 200 jobs lost, unique smelter shuts

'End of an era': 200 jobs lost, unique smelter shuts

'End of an era': 200 jobs lost, unique smelter shuts

'End of an era': 200 jobs lost, unique smelter shuts

The nation's only manganese smelter, which produced material critical to steel manufacturing, will shut after a buyer couldn't be found.

Commission warned more coal, more insurance pain

Commission warned more coal, more insurance pain

Commission warned more coal, more insurance pain

Commission warned more coal, more insurance pain

Insurance bills of up to $14,000 to cover flood-prone homes have been used to argue against a major coal mine extension in the same region.

Small business owners urged to act early on tax debt

Small business owners urged to act early on tax debt

Small business owners urged to act early on tax debt

Small business owners urged to act early on tax debt

Conditions appear tougher than ever for small owner-operators, with a two-speed economy emerging and smaller players being forced into tough decisions.

Young investors bet the house on dialling up their risk

Young investors bet the house on dialling up their risk

Young investors bet the house on dialling up their risk

Young investors bet the house on dialling up their risk

Priced out of the housing market for years, young Australians are looking to the stock market to build wealth, and they're not afraid of taking on risk.

Soaring meth abuse at work prompts warning to bosses

Soaring meth abuse at work prompts warning to bosses

Soaring meth abuse at work prompts warning to bosses

Soaring meth abuse at work prompts warning to bosses

The workplace use of drugs, particularly methamphetamine and cocaine, is rising and remains a real safety risk for employers.

BHP leads Australian shares higher as retail sells off

BHP leads Australian shares higher as retail sells off

BHP leads Australian shares higher as retail sells off

BHP leads Australian shares higher as retail sells off

A rally for Australia's largest company has helped soften a poor day for local shares, as the Persian Gulf conflict keeps upward pressure on oil prices.

New rules for AI as critics lash 'energy vampires'

New rules for AI as critics lash 'energy vampires'

New rules for AI as critics lash 'energy vampires'

New rules for AI as critics lash 'energy vampires'

Australia will introduce laws to govern artificial intelligence and data centres in less than a year, but they can't come soon enough for some advocates.

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Writers Guild sues to block Paramount-Warner Bros deal

The US writers union is suing to block the proposed Paramount-Warner Bros merger, saying it will unlawfully concentrate demand for film and TV writers.

Top company bosses earning 45 times more than workers

The heads of Australia's top companies are taking home bigger pay packets due to bonuses and share-based incentives, even as their base wage stagnates.

Historic brewery could be bought by state's taxpayers

A brewery that will wind up production after 145 years could be bought by a state government but it is unclear what they plan to do with the site.

Aussie shares recover losses but Hormuz risk remains

A rebound in mining stocks has helped the ASX200 narrow some morning losses, but renewed conflict in the Middle East has shaken investor confidence.

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Trump threatens to shoot down signs of economic rebound

Oil prices are rising again as conflict between the US and Iran reignites, threatening a recent recovery in household confidence and spending.

Gold miner to enter top three after 'perfect pairing'

Two West Australian gold explorers and producers are teaming up to create one of the nation's biggest gold plays, after an earlier suitor got the boot.

Origin to pay refunds over misleading power plans

Origin Energy is facing accusations of duping power plan customers with promises of permanent savings and has committed to compensating those affected.

Australian shares tread water as traders weigh conflict

Australia's mining sector has resumed its decline after the US-Iran conflict sent crude prices higher, but local banks continue to recover from a recent slump.

Premier takes on fresh jobs in defence powerhouse push

WA's premier wants his resource-rich state to diversify into defence as he takes on key additional portfolios in his own cabinet.

Zoning scorecard reveals most housing-friendly city

A group campaigning for more housing construction has released an online atlas examining the zoning laws of each capital city in Australia.

Dreary consumer sentiment set to be put to the test

A fresh look at consumer and business sentiment this week will provide key insights as Australia battles still-elevated core inflation.

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