Business

Treasurer Jim Chalmers has given approval for South Korean defence giant Hanwha to increase its ownership of WA-based shipbuilder Austal.

The Walt Disney Company has announced a landmark agreement with OpenAI that will allow users to make content with its beloved characters.

Taxing the family home and halving capital gains tax concessions would bring down house prices, an academic paper says, as a Senate committee reviews tax breaks for property investors.

Myer boss Olivia Wirth will wait and see how the rest of the Christmas trading period pans out but says it’s been ‘so far so good’ after the department store chain recorded its best Black Friday ever.

Australia's second biggest health insurer has been ordered to pay $35 million for misleading customers about benefits they were entitled to.

Australia’s jobless rate remained steady at 4.3 per cent in November despite a wave of workers exiting the market, in new figures unlikely to spark alarm for the Reserve Bank.

Elon Musk has confirmed that SpaceX will start trading on Wall Street in 2026 amid speculation that the spacecraft company’s valuation could surpass all other members of the trillion-dollar tech club.

THE ECONOMIST: China too complacent about the country’s dependence on trade growth.

Australian household spending lifted in November as consumers reached for their wallets at legendary rock band AC/DC’s concerts and the Ashes series opener in Perth.

Treasurer Jim Chalmers is banking on a business investment boom to aid Australia’s shift away from government spending as the dominant driver of economic activity.

The claim is part of a court dispute between the travel group’s CEO and its sacked former head of legal.

Financial markets are pricing in two rate hikes in 2026 that would increase monthly mortgage repayments more than $200.

British fast-fashion giant Topshop is making an unexpected return to Australia, nearly a decade after it collapsed in the face of tough trading conditions.

Thousands of frustrated Westpac customers were unable to access their funds after a major outage affected the Big Four bank’s EFTPOS service on Wednesday.

THE ECONOMIST: The battle for Warner Bros just escalated — and it’s no longer just about money.