Business

Thousands of Australians have joined the Optus network despite its well-documented issues with a fatal triple-0 outage.

Mineral Resources will sell 30 per cent of its WA lithium business to South Korea’s POSCO for $1.2 billion to buttress a debt-laden balance sheet.

SoftBank said Tuesday it has sold its entire stake in US chipmaker Nvidia for $US5.83 billion as the Japanese giant looks to capitalise on its ‘all in’ bet on ChatGPT maker OpenAI.

Australia's big four banks have made billions from investing in fossil fuel projects in the past decade, but only two have made steps to walk away.

A majority of Australian consumers are upbeat about the economy despite an inflation surge. The first positive reading since 2022 has come as a “surprise” to Westpac’s head of macro-economic forecasting.

Australian consumer confidence has dramatically changed over the past month in an ‘extraordinary and somewhat surprising way’.

Movie-themed cruise experiences leading charge in Disney’s ‘largest’ ever business expansion.

THE ECONOMIST: The world hasn’t seen a major recession in years — a crash might hit harder.

A joint report by Cisco and the Governance Institute has sounded the alarm on Australia’s AI hesitation and the multibillion-dollar cost of inaction.

Australia’s largest bank said it added 175,000 new customers over the September quarter, although rising expenses ate into its profits.

Skyrocketing electricity prices are coming back to haunt the Albanese government six months after they neutralised it as an election issue.

A battle for control of a little-known chipmaker has threatened global auto production by choking off the semiconductor supply chain, though there are signs the crisis is inching toward a resolution.

Anthony Albanese won’t commit to extending Labor’s energy bill rebate scheme, reminding Australians of his previous admission that the ‘rebates won’t be a permanent feature’. 

The bank’s board said its leaders must take some financial pain for a horror run of regulatory failings, with former CEO Shayne Elliott the biggest loser.

Energy giant AGL has offloaded almost its entire stake in wind and solar business Tilt Renewables for $750 million.