Business

Geopolitical tensions have sent jitters through equities markets after the United States took a more aggressive tone on plans to acquire Greenland.

Billionaire wealth surged 16 per cent last year while millions of Australians struggled with poverty and food insecurity, prompting calls for urgent tax reform.

Mortgage holders could face a brutal double blow, as inflation returns and the unemployment rate will likely jump.

Test cricket, like life, is a long game.If we prepare well, stay patient, respect the process, remain humble and work together, that’s where real success lives, says Justin Langer.

Jeff Bezos’ Amazon Web Services empire will buy the first batches of a purportedly less water and emissions intensive copper cathode from Rio Tinto to build US data centres. 

Embattled telco Optus is offering fewer deals compared with major rivals despite its battered reputation following last year’s fatal triple-0 outage.

As January 26 approaches, major Aussie retailers and venues have made clear how they plan to approach Australia Day, as the tide appears to shift on changing the date.

THE ECONOMIST: As the AI bonanza outpaces the power grid, tech giants are building their own energy plants and disguising their debt.

Australians are spending more going out to pubs and restaurants, and trying to lose weight.

Merge Labs, a company co-founded by AI billionaire Sam Altman that is building devices to connect human brains to computers, has raised $US252 million ($367m).

Consumers may soon see more of their favourite sweet treats contain cocoa-free chocolate as food makers look to weather the volatile price and supply of the major ingredient.

Australian states have racked up hundreds of billions of dollars in debt while maintaining their COVID-level spending habits - sparking fears of a fiscal crisis.

Department store giant Myer will temporarily close Sass & Bide stores as it works on a major overhaul of the high-profile womenswear label, set to relaunch in the coming months.

Half of business executives and other leaders expect turbulent times over the next two years, and only one per cent said they expect calm. The resulting is the world ‘sitting on a precipice’.

THE ECONOMIST: But can the public stomach higher inflation?