Business

Seven West Media chair Kerry Stokes with managing director Jeff Howard.

Southern Cross completes acquisition of Seven West Media

Two of Australia’s biggest media companies have joined forces as of Wednesday, with the merger of Southern Cross Media Group and Seven West Media officially completed.

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Inflation has moderated but still remains above the Reserve Bank of Australia’s inflation target, sparking fears about a February rate rise.

Inflation slows but not enough for interest rate relief

Inflation has moderated but still remains above the Reserve Bank of Australia’s inflation target, sparking fears about a February rate rise. Price pressures eased because there was less demand for hotel stays.

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Donald Trump’s plans for Venezuela’s oil ignores the reality of Guyana’s low-cost production of the resource nearby.

Why Venezuela presents a big headache for big oil

It has been decades since the industry relished foreign-policy entanglements.

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Analysts expect the Reserve Bank's next interest rate move will be up instead of down. (Diego Fedele/AAP PHOTOS)

Inflation running too hot for comfort ahead of snapshot

The Reserve Bank will keep a keen eye on rent, construction and services costs in 2026's first inflation update as it mulls a rate hike at its next meeting.

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Elon Musk must address non-consensual images created by the X AI chatbot Grok, says the UK. (AP PHOTO)

UK urges Musk's X to address intimate Grok 'deepfakes'

Elon Musk must address a flood of ‘appalling’ non-consensual images of women and minors in skimpy clothing created by his X platform's AI chatbot Grok.

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Who will survive the corporate meat grinder?

The 5 biggest challenges CEOs will face in 2026

Surviving the corporate meat grinder means a CEO must master these new pressures.

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Video
For the first time Lego builds will be able to respond to how they are played with.

Fans divided as Lego launches biggest advance in 50 years

Lego has unveiled its most significant evolution in nearly 50 years, an update that provides for tech-powered interactive play but without the need for a screen. 

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US Treasury Secretary Scott Bessent.

Big US companies will be exempt from global tax overhaul

Mathias-Cormann led OECD announces amendments to tax avoidance strategies to exclude big American-based multinational companies.

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SGH chief executive Ryan Stokes.

SGH wants BlueScope split with North American bidder

SGH says BlueScope’s Australian and North American businesses ‘are not strategically compatible and would benefit as stand-alone businesses under new ownership’.

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SGH and a US company want to buy BlueScope Steel.

SGH and US partner eye $14b BlueScope Steel buyout

Bluescope confirmed that SGH and US-based Steel Dynamics submitted a buyout proposal to the BlueScope board in the week before Christmas.

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Ikea Australia has a network of 10 stores, including Innaloo in suburban Perth.

Ikea vows to fight ATO probe over claims it owes $171m

Ikea has vowed to fight a probe by the Australian Taxation Office over claims the Swedish home furnishings giant owes $171 million in alleged unpaid taxes.

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Shares in Rio Tinto hit an all-time high on Monday as a big bet on lithium made by Simon Trott’s predecessor, Jakob Stausholm, looks to be paying off. 

Former Rio Tinto CEO vindicated as stock reaches record

Shares in Rio Tinto hit an all-time high on Monday as a big bet on lithium made by Simon Trott’s predecessor looks to be paying off.

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US President Donald Trump speaks during a news conference at the Mar-a-Lago Club in Palm Beach, Florida, US, on Saturday, Jan. 3, 2026. President Nicolas Maduro has been charged in the US after he was captured and flown out of Venezuela, following a series of airstrikes that mark an extraordinary escalation in the Trump administration's months-long campaign against the country. Photographer: Nicole Combeau/Bloomberg

Local gas giants brush off US-led Venezuelan uncertainty

Markets have brushed off Donald Trump’s extraordinary intervention into Venezuela, even with the promise of a long-term oil boom in the South American country.

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The chaos in Caracas won’t trigger a price hike but an escalated conflict with the US could see petrol hit $2.20 a litre.

Could petrol prices hit $2.20 a litre in Venezuela chaos?

A 40-year oil industry veteran and chief executive has revealed what it would take for the drama in Venezuela to affect petrol prices in Australia.

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Bank staff are now the first line of defence in the war on overseas scammers.

The new role of bank staff in their war on romance scams

A new breed of bankers have become the first line of defence against off-shore crooks who pose as online lovers to fleece Australians of their hard-earned cash.

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