Business

New documents reveal that the sale price includes Air T’s eventual repayment of at least $140m owed to the Federal Government.

Kroll Australia says the proposed merger is in the best of Southern Cross’ shareholders, who will benefit from being part of a bigger, diversified group with higher earnings and a stronger balance sheet.

Metcash is facing legal action over allegations its South African CFO bullied staff and didn’t adjust to Australian workplace culture.

The RBA has lefts rates on hold and is now expecting inflation to soar to 3.7 per cent next year . The consumer price index is tipped to remain above target for a year.

Borrowers hoping for further interest rate relief next year have been dealt a big blow after the Reserve Bank warned inflation was rising back from the dead.

THE ECONOMIST: China’s leaders don’t seem concerned. Should they be?

Westpac’s chief executive has defended the bank’s WFH policy in the wake of a bruising loss at the Fair Work Commission.

Microsoft said it has secured export licenses to ship Nvidia chips to the United Arab Emirates in a move that could accelerate the Gulf’s lofty AI ambitions.

OpenAI has signed a multi-year, $US38 billion deal to buy cloud services from Amazon.

With inflation and unemployment rising, the Reserve Bank has no option but to hold rates and a return to hikes looks increasingly possible.

Microsoft AI chief Mustafa Suleyman says only biological beings are capable of consciousness, and that developers and researchers should stop pursuing projects that suggest otherwise. 

Donald Trump has ruled out the possibility that Nvidia's advanced Blackwell chip for artificial intelligence could be sold to China.

Westpac’s CEO says average-income Australians are locked out of the housing market with the bank seeing enquiries for first-home buyers double in a matter of weeks.

Borrowers will get a signal on whether Australia’s recent inflation bounce has blown up the chance of any further rate cuts when the Reserve Bank meets on Tuesday.