Business

Amazon Australia is ramping up its status as a threat to local retailers as the tech behemoth banks nearly another $1 billion in sales.

US share markets hit record highs on Friday even as global investors worry an inflation shock from the Middle East will damage consumers and the economy.

The use of superannuation to quash or minimise capital gains tax is a popular strategy, but few proponents spell out the many tricks and traps that you need to be aware of.

Australia’s next federal budget will play out against the backdrop of looming fuel shortages, recession fears and an escalating affordability crisis.

Households already struggling with cost of living pressures face a critical two and a half weeks, with key data and a federal Budget all set to hit hard.

Southern Cross Media Group has appointed experienced media and telecommunications executive Rohan Lund as chief executive.

The worries around the energy supply shock stoking inflation and the cost of living sent the S&P/ASX 200 down 1.7 per cent over the week.

The Federal Government is likely to knock back calls for a supersized gas tax that it believes would alienate trading partners at a time of heightened global energy volatility.

Coles and Woolworths will be under pressure to reveal how they are responding to price hike requests from suppliers hoping to recover costs amid the fuel crisis.

Australian borrowers are in for a bad year but a big four bank sees relief in 2027 as the Middle East oil crisis pushes unemployment up to COVID levels.

The elevation of John Ternus - an engineer’s engineer - signals the future direction of the technology company.

Kyle Sandilands’ bid to fast-track his court fight and be reinstated at his radio job have failed, with a judge setting an October trial and warning his chances of returning to air via legal action appear slim.

Fortescue’s board has green-lit plans to pour almost $1b into yet another green energy project in the Pilbara as it looks to take advantage of growing demand for clean power, particularly for data centres.

The Federal Government is likely to knock back calls for a supersized gas tax that it believes would alienate trading partners at a time of heightened global energy volatility.

Meta will cut nearly 8000 jobs next month as it spends more on artificial intelligence projects.