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.
Australia’s biggest undeveloped gas project has been given a small boost with Woodside launching early engineering work on the $30 billion Browse proposal.
Inflation soared to a near three-year high of 4.6 per cent during the first full month of the Iran war that drove fuel prices to all-time highs. Fuel prices rose by a record one third in March alone.
Fresh data is expected to show fuel prices rose 35 per cent in March, as the oil shock pushes up measured inflation and increases the chances of a rate rise.
Struggling department store giant David Jones slumped to a $95 million loss in 2025 as persistent cost-of-living pressures dampen consumer demand for luxury clothing and accessories.
Australia’s banking sector has paid an eye-watering amount of tax over the last financial year, and is now calling out big foreign technology companies to do the same.
Australia’s banks have pointed the finger at some of the world’s biggest tech companies while demanding ‘a level playing field’ to fix what they have branded a tax regulation ‘imbalance’.