Business

WiseTech’s plans to slash 2000 jobs from a workforce of 7000 act as a warning for a potentially massive reshaping of Australia’s economy.

WiseTech’s AI job cuts set alarm bells ringing for economy

WiseTech’s plans to slash 2000 jobs from a workforce of 7000 act as a warning for a potentially massive reshaping of Australia’s economy.

Updated
Read more (3 min) →
Home borrowers are facing another interest rate rise in coming months with inflation still soaring. Economists are warning of several rate rises with goods prices soaring.

Another rate rise tipped after inflation data disappoints

Home borrowers are facing another interest rate rise in coming months with inflation still soaring. Economists are warning of several rate rises with goods prices soaring.

Updated
Read more (3 min) →
Woolworths boss Amanda Bardwell says there has been a ‘gradual increase’ in the number of crunched consumers seeking out promotions since the Reserve Bank hiked interest rates this month.

Young Woolies shoppers tighten belts after rate hike

Woolworths boss Amanda Bardwell says there has been a ‘gradual increase’ in the number of crunched consumers seeking out promotions since the Reserve Bank hiked interest rates this month.

Updated
Read more (2 min) →

Sign up to The Nightly's newsletters.

Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox.

Email Us
By continuing you agree to our Terms and Privacy Policy.
WiseTech founder and executive chair Richard White

‘Over’: 2000 jobs axed in AI bloodbath

A major Australian company will slash thousands of jobs as it embraces artificial intelligence in a sweeping overhaul of its operations.

Updated
Read more (1 min) →
The Palm Jumeirah Island in the UAE.

Could the next big gambling destination be in the Gulf?

The United Arab Emirates is hoping to emulate Las Vegas and Macau

Updated
Read more (3 min) →
Reddit has been fined millions in the UK for unlawfully collecting and using children's data.

Reddit hit with huge fine over child safety failings

Online forum Reddit says it will appeal a UK date privacy watchdog's decision to fine it millions for unlawfully collecting and using children's personal data.

Updated
Read more (1 min) →
President Donald Trump said he would increase the temporary 10 per cent tariff to 15 per cent.

Trump imposes new tariff after Supreme Court slapdown

President Donald Trump's temporary 10 per cent import levy has come into effect as he reacts to the US Supreme Court striking down his sweeping tariff regime.

Updated
Read more (2 min) →
Mader Group is on an expansion drive.

Mader Group cuts dividend, eyes purchases

Mader, which is now deploying its tradespeople into the energy, marine, maintenance and road transport sectors, is in early talks over strategic acquisitions.

Updated
Read more (2 min) →
Gold’s has only posted two negative years of returns since 2015, as its breakneck start to 2026 means it’s returns are outpacing virtually all other asset classes globally.

ASX insiders are dumping gold shares, not buying

Gold’s has only posted two negative years of returns since 2015, as its breakneck start to 2026 means it’s returns are outpacing virtually all other asset classes globally.

Updated
Read more (3 min) →
Australia’s biggest oil and gas group on Tuesday reported a 24 per cent fall in full-year earnings to $US2.72 billion, bettering market expectations.

Woodside Energy’s ‘boring’ results win plaudits

Australia’s biggest oil and gas group on Tuesday reported a 24 per cent fall in full-year earnings to $US2.72 billion, bettering market expectations.

Updated
Read more (2 min) →
After boasting for months about its preferential trade deal with Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.

The biggest loser from Trump’s tariffs could be the UK

After boasting for months about its preferential trade deal with Donald Trump, the UK is at risk of becoming the biggest loser in the aftermath of the Supreme Court’s decision to strike down his global tariffs.

Updated
Read more (3 min) →
CEO of Atlassian, Mike Cannon-Brookes

An American AI giant threatens to crush Atlassian

Shares in the Sydney-founded company joined a tech stock rout Tuesday, on worries they will lose business to artificial intelligence giants such as OpenAI, which owns ChatGPT

Updated
Read more (2 min) →
Adore Beauty chief executive Sacha Laing is sticking with its full-year guidance in hopes new store openings will attract more customers and boost sales.

Adore Beauty’s Black Friday ‘overperformance’ hurts profits

Adore Beauty says it has been dragged down by heavy discounting during the Black Friday and Cyber Monday sales as the cosmetics retailer posts a 70 per cent decline in half-year profit.

Updated
Read more (2 min) →
U.S. President Donald Trump has doubled down on his tariff threats.

Trump threatens ‘worse tariff’ for countries that defy him

The US President has unloaded in typical style as he doubles down in fighting massive tariff setback.

Updated
Read more (1 min) →