Business

When crypto skyrocketed, the industry finally got what it wanted — and now it’s crashing back down to earth.

Bitcoin is turning 17 but the crypto party is over

THE ECONOMIST: The industry got everything it wanted. Now the crypto comedown has begun.

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Wages grew at 3.4 per cent in the three months to September 30, in line with economist forecasts. (Joel Carrett/AAP PHOTOS)

Wages grow at 3.4 per cent, in line with expectations

Pay packets are still growing in real terms according to fresh wages data, but economists say rising inflation could soon bring that to an end.

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Nuno Matos the CEO of ANZ Bank said it was right that current and former leadership including himself gave up $33.4 million in bonuses.

ANZ boss warns rushed clean energy push ‘could kill patient’

ANZ’s new chief executive Nuno Matos says the commitment to deliver more clean energy needs to be balanced otherwise the ‘medicine could kill the patient’.

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The chief executive of ANZ, Nuno Matas, is expected to fae a fiery inquisition as the bank faces a record $240m penalty.

ANZ bank chief to face grilling for ripping off customers

The chief executive of ANZ is expected to face a fiery inquisition as the bank faces a record $240 million penalty for ripping off customers and the Government.

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CSL has announced a multibillion-dollar investment in blood plasma production in the US. (James Ross/AAP PHOTOS)

CSL injects $2.3b into US after Trump’s pharma threat

After Donald Trump threatened pharmaceutical tariffs, CSL says it will invest another $2.3 billion building a new blood plasma facility in the United States.

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Optus has been hit with a maximum fine for failing to block scammers from customers' bank accounts. (Bianca De Marchi/AAP PHOTOS)

Embattled telco takes another hit after anti-scam fail

Optus has paid a six-figure fine after a technical glitch let scammers gain access to customers' bank accounts.

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Australia's top science agency is to shed hundreds of jobs and narrow its range of research work.

Shock as CSIRO to lay off hundreds of workers

Up to 350 scientists will be laid off as the national science agency announces a cost-cutting restructure stemming from financial pressures and government funding not keeping up.

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Westpac’s chief executive Anthony Miller slammed Meta over scams and illegal sales.

Westpac slams Meta for scams, illegal bank account sales

The bank’s CEO has called on lawmakers to toughen up on Meta’s practice of profiting from scam ads and allowing the illegal trade in bank accounts.

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There were 37 public executives who earned more than a million dollars last year, topped by Australia Post boss Paul Graham who took home more than $3.3 million. Michele Bullock (left) and Raphael Arndt (rear) also featured on the list.

REVEALED: The Aussie bureaucrats paid more than $1m a year

Australia Post chief executive Paul Graham tops a list of 18 Commonwealth agency heads paid more than $1 million a year. SEE THE FULL LIST

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Rethink cheap toys, you’ll pay with your child’s safety.

Rethink cheap toys, or you’ll pay with your child’s safety

JERRIE DEMASI: If I wanted toys to come with a side of chemical roulette, I’d buy them from Temu. When parents pay for toys from ‘trusted retailer’ Kmart, they should be able to expect that they are safe.

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Ticketek announces new partnership with AI company.

AI enters ticketing: Ticketek trials new chatbot Stella

Ticketek has rolled out a new AI chatbot built with Google Cloud, raising questions about how the tool learns, searches and handles customer data.

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Chipmakers are warning of a potential shortage next year which could affect car and phone manufacturers.

AI is booming, but the chips are down for phones, cars

Chipmakers and analysts are warning of a memory chip shortage that could hit the consumer electronics and automotive industries next year.

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CBA chief executive Matt Comyn

CommBank CEO: Aussies borrowing too much, no rate cut coming

Matt Comyn said a home-borrowing binge driving up property prices is bad for economic stability and social harmony, warning Aussies to prepare for 12 months of no interest rate cuts.

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The ASX slumps to a four-month low. Picture NewsWire/ Gaye Gerard.

Aussie shares plunge in wake of inflation warning

Australian shares have plunged to a four-month low in the wake of a Reserve Bank warning about the nation’s inflation rate.

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RBA board worries inflation is getting out of control

The Reserve Bank has given a strong hint that inflation may fail to moderate anytime soon. This is sure to disappoint borrowers hoping for more relief.

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