Business

Donald Trump and Nvidia CEO Jensen Huang

US to halt Nvidia AI chip sales to Chinese firms

There are fears Chinese companies have taken advantage of a loophole to buy hundreds of thousands of the world's most advanced AI chips.

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Oil exports through the Strait of Hormuz may never return to pre-war levels. (AP PHOTO)

Why Strait oil exports could never return to pre-war levels

The oil market might face a new reality after the Iran war, in which exports through the Strait of Hormuz do not return to the levels once considered normal.

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March quarter gross domestic product figures are expected to show a moderate slowdown. (James Ross/AAP PHOTOS)

GDP data tops the economic agenda, RBA officials speak

Reserve Bank governor Michele Bullock will get a chance to react to Wednesday's economic growth figures when she fronts a parliamentary hearing in Canberra.

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Labor digs in as housing fair go takes centre stage.

Housing fair go spruiked as Labor digs in on tax reform

A level playing field for first-home buyers remains at the heart of Labor's tax reform pitch, as it tries to steer the narrative back towards housing equity.

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Retailers will need to absorb fuel costs.

‘Business is tough’: Retailers rising prices risk going bust

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.

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Fair Work Commission general manager Murray Furlong.

‘Unsustainable’: Workplace umpire struggles with AI claims

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.

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KPMG chief executive Andrew Yates resigned on Friday.

Scandal costs another big accounting CEO his job

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

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Business ladder The Nightly

Why CGT changes will hurt aspiring young innovators

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.

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KPMG Australia chief executive Andrew Yates has reportedly resigned from his position.

KPMG head quits over alleged data misuse

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.

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BP has become a very British shambles.

How BP became a shambles that cares too much about feelings

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

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A small step for man, a leap too far for Elon Musk

Why can’t Musk do for politics what he’s done for industry?

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. 

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Not Supplied

Amazon sued over dangerous children’s item in ACCC first

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

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Oil prices eased and Wall Street rebounded to record highs early on Friday morning, after reports emerged that the US and Iran may agree to a 60-day ceasefire extension via a memorandum of understanding.

Oil tumbles, stocks surge as Trump weighs ceasefire deal

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.

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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.

Property investors left in limbo as Labor hostage to Greens

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.

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The median age of Australian property investors has risen to 51.

Number of boomer property investors more than doubles

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.

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