Business

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.

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

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.

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

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

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

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.

Illegal tobacco is crippling the Federal Budget, while Jim Chalmers’ claims about good economic management are hazy as economists warn of rate hikes.

Upscale department store David Jones has announced the sudden permanent closure of two key stores.

Mining and energy groups say a Federal Court ruling on union delegates will create a two-tiered workplace class — those who ‘actually work’ and those who do ‘whatever they please’.

Westpac has ditched hopes for two interest rate cuts in 2026 and now expects the Reserve Bank to remain on hold through the new year.

Treasurer Jim Chalmers’ update reveals more growth in Federal Government spending despite expenditure already hitting its highest level in four-decades, outside of COVID.

THE ECONOMIST: Uneasy investors who predicted past bubbles say the AI boom may still run.

New Treasury Wine Estates boss Sam Fischer has his hands full executing a turnaround for the struggling winemaker, which has announced an overhaul program targeting $100m in savings amid weakening demand.

Pornhub users have been urged to remain vigilant after hackers stole the private information of some of the sex site’s customers and threatened to expose them unless a ransom is paid.