Business

THE ECONOMIST: Complaints about quality are a growing worry for brands from Chanel to Prada.

Luxury handbags may be shoddier than you think

THE ECONOMIST: Complaints about quality are a growing worry for brands from Chanel to Prada.

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Seven West Media Chairman Kerry Stokes and son Ryan Stokes.

Shareholders approve Seven West-Southern Cross merger

The companies behind two of the biggest brands in consumer media passed the final investor hurdle for their $385 million merger on Monday.

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How Australians could be $200,000 better off in retirement. NewsWire / Nicholas Eagar

How a simple change in super could leave you $200k richer

Australians are being urged to do one thing over the summer break that could have a huge pay off.

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RBA governor Michele Bullock says interest rates will likely rise not fall. NewsWire / Christian Gilles

Surging Aussie dollar spells trouble for new year

The Australian dollar has surged to a 14-month high as the money markets make a huge call on interest rates.

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Tourists will be charged to visit Rome's Trevi Fountain from February. (AP PHOTO)

Rome lovers warned about shock change to Trevi Fountain

Tourists will be charged to visit Rome's Trevi Fountain as authorities seek to profit from Italy's most popular attractions.

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Productivity Commission Chair Danielle Wood has spoken at a CEDA event in Perth. PIctured is Danielle at the PCEC

Tax cut pitch to sweeten reform deal for big businesses

A major tax shake-up proposed by the Productivity Commission would slash bills for the majority of Australian businesses but has attracted criticism from the big end of town.

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Treasurer Jim Chalmers has been accused of rushing his contentious superannuation reforms.

‘Up against it’: Chalmers accused of rushing super tax

Jim Chalmers has been accused of rushing his contentious superannuation reforms, with an industry body warning the short consultation period ‘makes it difficult to identify unintended consequences’.

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TikTok’s US arm will be housed under a new joint venture.

TikTok’s US arm to be housed under new joint venture

A memo sent by TikTok’s CEO has revealed the company’s US operations will be housed under a new venture.

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Paul O’Sullivan, chairman of ANZ Group Holdings Ltd, said he anticipated the disapproval.

ANZ receives second strike against executive pay

A third of ANZ shareholders have voted against its remuneration report, making it the first Big Four bank since Westpac in 2019 to suffer a second strike. New CEO Nuno Matos is forgoing short-term bonuses.

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SpaceX, OpenAI and Anthropic valuations won’t get a free pass.

Sky-high IPOs are now facing gravity

THE ECONOMIST: After years of private funding, SpaceX, OpenAI and Anthropic may test the stock market. Their valuations won’t get a free pass.

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Optus released the findings of an independent review, led by former NBN director Kerry Schott.

Review of Optus’ triple-0 meltdown exposes internal failures

A damning report into an outage at Optus — which cut off access to triple-0 services and was linked to two deaths — has exposed a raft of internal problems at the telco.

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Super changes early in your working life could result in massive gains come retirement. (James Ross/AAP PHOTOS)

The one tweak that could grow your super by $200,000

A major superannuation fund says a lack of engagement with your super fund can have huge financial consequences come retirement time.

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Warner Bros Discovery’s board says a Paramount offer poses ‘numerous, significant risks’.

Warner Bros rejects rival bid from Paramount

A Paramount bid for Warner Bros Discovery lacks adequate financing assurances, the Warner Bros board says.

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Outgoing Woodside Energy CEO Meg O'Neill.

Woodside CEO Meg O’Neill announces shock resignation

Woodside Energy chief executive Meg O’Neill has quit Australia’s biggest oil and gas group in major career move.

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YouTube will retain global rights to stream the Oscars online from 2029 through to 2033. (AP PHOTO)

Oscars to move to free streaming on YouTube in 2029

The Academy of Motion Picture Arts and Sciences has announced the Oscars will quit its links with a US broadcaster and move to YouTube in 2029.

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