Business

The founder of one of Australia’s biggest bedding retailers says those who put up their prices in a high inflation environment risk going broke.

Australia’s workplace umpire is overhauling its internal processes, warning an artificial intelligence-fuelled surge in unfair dismissal and other claims is ‘placing a strain’ on all aspects of its operations.

KPMG chief executive Andrew Yates resigned on Friday over a whistleblower complaint the firm ruled was groundless, twice.

Flight Centre founder Graham Turner says Labor’s capital gains tax changes will hurt aspiration and young Australians will not being able to climb the ladder to business success.

The head of KPMG has reportedly resigned after the corporate regulator publicly confirmed in real-time it's probing registered company auditors at the firm.

THE ECONOMIST: The ousting of its chairman Albert Manifold shows BP cares more about feelings and not enough about performance.

THE ECONOMIST: Where Elon Musk has done as much or more than any other human this century to advance the species, politics does not require much technical sophistication or even rigour. 

The ACCC has launched a lawsuit against Amazon, alleging it failed to comply with mandatory safety warnings on items for children.

US shares swung higher after reports of a potential new 60-day peace deal in the Middle East as Australian shares aim to avoid three straight days of losses.

The peak group for Australian accountants is worried the Greens could force Labor to make its capital gains tax and negative gearing changes retrospective, despite Treasurer Jim Chalmers grandfathering changes.

The median age of Australian property investors has risen during the past 25 years, with the Reserve Bank revealing new data as Treasurer Jim Chalmers introduced a capital gains tax and negative gearing bill.

Global share markets are dividing between winners linked to an AI boom and strugglers being hit by rising inflation or interest rates linked to the Middle East conflict.

Business groups have called on the Government to limit its capital gains tax changes to housing only or risk stifling investment, but Treasurer Jim Chalmers has all but ruled this out.

STEPHEN JOHNSON: Clare O’Neil has admitted Labor’s controversial tax plans aren’t about making housing more affordable for younger Australians.

A rally in miners has helped counterbalance weakness in banking stocks, as the bourse crawls higher on the back of softer than expected inflation figures.