Business

Optus chief executive Stephen Rue has blamed human error by his own tech and call centre staff for the failure to connect emergency calls.

The embattled casino operator will continue to have its operations run by special manager Nicholas Weeks after being dealt another blow by the NSW regulator.

The owner of Kathmandu, Rip Curl and Oboz footwear, KMD Brands has posted a statutory loss of $105 million - its worst result in at least a decade.

Australian home borrowers are more likely to miss out on an interest rate cut next week with inflation getting worse.

The owner of embattled telco Optus have apologised following a nightmare triple-zero outage, linked to the deaths of three people.

THE ECONOMIST: Silicon Valley is becoming more incestuous than ever. 

A long-running legal battle that had threatened to cost the company behind household-name brands such as Rebel, BCF and Supercheap Auto up to $50 million has been settled before reaching trial.

The bank is swinging the axe, with hundreds of jobs to go over the next year as it pushes customers further towards digital engagement with their money.

NSW’s new police commissioner has admitted to making ‘mistakes’ and that he was afraid a NYE boat cruise on a police vessel could have cost him the top job.

New monthly inflation data will shed light on the state of the economy but it is unlikely to provoke the Reserve Bank into cutting interest rates.

THE NEW YORK TIMES: Advanced technology allows the drillers to see up to 100 feet into the rocks around the well bore.

TOM RICHARDSON: Sam Altman says AI will change the world in unknown ways, but governments may have already lost the race against their big tech masters.

‘A lot of people looked at me as if I was crazy.’

Australia’s middle income earners are getting out into the world again after three long years of belt tightening.

Myer executive chair Olivia Wirth says retail crime is ‘endemic’ and has escalated across Australia, with the chief becoming the latest to call out Victoria as the biggest problem State.