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Latest news: Economy, Business and Finance

Three die as Optus triple-zero glitch impacts hundreds

Three die as Optus triple-zero glitch impacts hundreds

Optus has apologised to telco customers as an outage that blocked triple-zero calls to hundreds of people in three states is linked to three deaths.

Head of corporate regulator to step back from role

Head of corporate regulator to step back from role

Head of corporate regulator to step back from role

Head of corporate regulator to step back from role

ASIC chair Joe Longo has announced he won't look to be reappointed in the position when his term runs out in May.

National economy still stuck in 'productivity malaise'

National economy still stuck in 'productivity malaise'

National economy still stuck in 'productivity malaise'

National economy still stuck in 'productivity malaise'

Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.

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Trump hails US, UK's 'unbreakable bond' at talks

Trump hails US, UK's 'unbreakable bond' at talks

US President Donald Trump has arrived to hold talks with UK Prime Minister Keir Starmer at his Chequers country estate.

NZ economy shrinks, fuelling bets of steeper rate cuts

NZ economy shrinks, fuelling bets of steeper rate cuts

A sharper-than-expected contraction in the New Zealand economy has fuelled expectations of a higher interest rate cut in October.

'Shady practice': Kmart face-scanning breaches privacy

'Shady practice': Kmart face-scanning breaches privacy

Shopping giant Kmart plans to challenge a finding that it violated people's privacy with facial surveillance as experts say it's a clear warning to other firms.

Signs of cooling labour market in surprise job numbers

Signs of cooling labour market in surprise job numbers

Australia's unemployment rate has held steady at 4.2 per cent despite thousands of jobs unexpectedly dropping out of the nation's economy.

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Santos shares slide as ship sails on $30b takeover deal

Santos shares slide as ship sails on $30b takeover deal

Santos shares slide as ship sails on $30b takeover deal

Santos shares slide as ship sails on $30b takeover deal

Santos shares have fallen to their lowest level since June after an Emirati state-owned oil company walked away from months of takeover talks.

US Fed cuts rates by quarter of a percentage point

US Fed cuts rates by quarter of a percentage point

US Fed cuts rates by quarter of a percentage point

US Fed cuts rates by quarter of a percentage point

The US central bank has lowered the key interest rate by a quarter of a percentage point due to a weak labour market, the board of governors says.

ADNOC-led consortium abandons $A28b Santos takeover bid

ADNOC-led consortium abandons $A28b Santos takeover bid

ADNOC-led consortium abandons $A28b Santos takeover bid

ADNOC-led consortium abandons $A28b Santos takeover bid

An Abu Dhabi-led consortium has withdrawn its blockbuster bid to buy Australian gas producer Santos.

Coal 'crisis': hundreds of jobs cut, mine mothballed

Coal 'crisis': hundreds of jobs cut, mine mothballed

Coal 'crisis': hundreds of jobs cut, mine mothballed

Coal 'crisis': hundreds of jobs cut, mine mothballed

A mining giant has been labelled "un-Australian" by a state government for cutting hundreds of jobs and mothballing one of its oldest sites.

Approvals turbocharged in bid to tackle housing crisis

Approvals turbocharged in bid to tackle housing crisis

Approvals turbocharged in bid to tackle housing crisis

Approvals turbocharged in bid to tackle housing crisis

Longstanding, complicated planning processes will be swept aside in an effort to build more homes faster in a state that's fighting to keep young families.

China says TikTok deal with the US is a 'win-win'

China says TikTok deal with the US is a 'win-win'

China says TikTok deal with the US is a 'win-win'

China says TikTok deal with the US is a 'win-win'

China has called a framework deal reached to switch TikTok to US-controlled ownership in the United States a "win-win" in a state media editorial.

Australia urged to lasso US back to Indo-Pacific region

Australia urged to lasso US back to Indo-Pacific region

Australia urged to lasso US back to Indo-Pacific region

Australia urged to lasso US back to Indo-Pacific region

Australia should use its close relationship with the US to convince it to devote more time and attention to the Indo-Pacific, a former senior official says.

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'It starts to hurt a lot': big toll of deaths, manhunt

As the manhunt for an accused killer enters a fourth week, a relief package for businesses impacted by the search will be a drop in the ocean for many.

Locals plead for visitors to return to area of manhunt

Business owners in a region central to the search for an accused killer can breath a sigh of relief with travel restrictions scrapped and cash help on its way.

A 'bank in crisis': ANZ cops record fine for misconduct

From charging dead customers to overstating trades, a big four bank has been slugged with a record penalty for widespread misconduct.

UK, US to announce tech, energy deals during Trump stay

The UK hopes to cement its strong bond with the US during President Donald Trump's visit, with new tech and energy deals to be announced.

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Jobs data in focus as economic outlook brightens

Workers are taking home a larger slice of the economic pie as a result of Australia's historically tight labour market.

Aldi to bring its 'good different' to the solar sector

Aldi is the latest major retail chain to announce an Australian renewable energy installation arm, joining other giants Bunnings and IKEA.

Used laptops help kids 'locked out of opportunity’

The Smith Family and Telstra Foundation are helping deliver thousands of refurbished laptops to disadvantaged students, tackling "the new frontier of poverty".

Custodian mulls legal action after gas project approval

A traditional owner says she's talking to her lawyers after the federal government approved a massive gas project extension on her Country.

Armani tells heirs to sell part of his fashion empire

Late fashion designer Giorgio Armani has instructed heirs to sell 15 per cent of the fashion brand he created 50 years ago.

AI financial advice not always right on the money

As Australians take up artificial intelligence tools for financial guidance, experts say people should remain cautious of the advice.

Embrace AI or risk future ruin, tech billionaire warns

Scott Farquhar says companies that don't adopt artificial intelligence quickly will get disrupted by those that do, and executives need to use AI daily.

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