Business

Pressure is mounting for Jim Chalmers to sharpen the axe in his upcoming Federal Budget as economists from Deloitte warn years of revenue windfalls have ‘papered over’ structural flaws in the nation’s finances.

Australia’s banks, insurers and super funds have been warned by their regulator they are unprepared for the threat of AI-related fraud.

Jim Chalmers has hosed down speculation that his upcoming Budget will score a big revenue boost from tax reform and the Middle East war.

Woolworths boss Amanda Bardwell expects a ‘first wave’ of price rises in fruit, vegetables, milk and bread as she warns consumers are under ‘peak stress’ amid the cost-of-living crisis.

THE ECONOMIST: It’s dangerous work, but post-war reconstruction and diversification brings opportunities for the cowboys of the energy industry.

Jerome Powell capped off his eight-year tenure as chair of the Federal Reserve with the most divisive policy meeting in decades.

OpenAI's lawyers argue Elon Musk's lawsuit aims to undermine the company for his competing venture xAI.

Woolworths says it has so far weathered the oil price storm fuelled by war in the Mid East but warns there are early signs customers are turning more cautious and suppliers are facing inflationary pressures.

A growing number of job advertisements are now promoting their flexible working options.

On the first day of testimony in a landmark trial between Elon Musk and OpenAI CEO Sam Altman, two notably different tales were offered of how OpenAI evolved.

AARON PATRICK: Australia’s prices breakout is worse than most other countries. Economists blame spending increases by the Labor government.

Aldi Australia has posted weaker sales growth and a profit drop in 2025, with shoppers seemingly falling out of love with the retailer’s no-name brands and cheaper items amid a renewed supermarket price war.

From ‘already rotten’ to ‘still safe to eat’, the off-colour mince has sparked a beef online.

Childcare giant G8 Education will close about 40 childcare centres around Australia - 10 per cent of its total - with ‘horrific’ child sex abuse charges against a former staffer partly blamed.

THE ECONOMIST: The United Arab Emirates’ decision to leave OPEC highlights longstanding tensions that the war in the Middle East has exacerbated.