Business

The $1-a-share unfranked payout aims to underline the steelmaker can do better for shareholders than a rejected $13 billion offer by the Stokes family’s SGH and US group Steel Dynamics.

THE ECONOMIST: The real power to discipline the AI chatbot lies outside governments

Global central bank chiefs, including Australia's Michele Bullock, have issued a rare joint statement, backing US Federal Reserve Chair Jerome Powell.

More men are now adding cosmetics to their routines, industry experts say. The men’s makeup market is now one of the most lucrative growth opportunities left in beauty.

Jerome Powell has the backing of fellow central bankers from Australia to Europe after the Trump administration threatened him with criminal charges.

The defence stock has been on a tear the past week, fuelled by US President Donald Trump’s abduction of the Venezuelan president and the threat of another US intervention in Iran.

Consumers have started the new year in a gloomy mood amid mounting concerns about job insecurity and whether the Reserve Bank will lift interest rates in the coming months.

Endeavour’s heavy discounting during the half-year helped lift sales at Dan Murphy’s and BWS, but it has come at the expense of profitability.

Paramount Skydance’s David Ellison will not take no for an answer. Rebuffed by Warner Bros for Netflix, Ellison is taking his cause to the courts.

Amanda Lacaze will step down as chief executive of Lynas Rare Earths after leading the miner from a “troubled startup” to the commodity’s biggest producer outside of China.

Apple has struck a deal to use Google's AI technology to power its new-look Siri and future artificial intelligence features on its iPhones.

Australians have kept spending at the fastest pace in two years while simultaneously becoming more pessimistic about their financial future than ever.

Once hooked up to the project’s wells and pipelines, the 70,000t rig will process gas from Scarborough before piping it to Woodside’s expanded Pluto LNG plant at Karratha for liquefication and export.

THE ECONOMIST: The race is on for Venezuelan spoils as Washington takes charge of the Orinoco reserves

An autistic Barbie is joining Mattel's line of fashion dolls that's intended to celebrate diversity and inclusion.