Business

Australia’s wine industry is facing a 260 million litre surplus and consumption is tipped to slow further over the next five years amid changing drinking patterns.

DAWN THOMAS: Much of the $3.5t wealth transfer will arrive when recipients are in their late 50s, long after many could have most benefited from it. So, what’s stopping baby boomers helping their kids now?

CHRIS FOSTER-RAMSAY: Delivery apps make that moment easier, but a growing gap between shelf price and app price means the ease comes with a sting.

NICK BRUINING: In a dramatic shift of the goal posts, the UK Government is set to change the rules for Australians on access to the highly lucrative National Insurance scheme state pension.

THE ECONOMIST: For profits to keep growing, American firms will have to elbow their way out of a squeeze driven by rising costs, thinning margins and shrinking investment.

THE ECONOMIST: China’s high-speed innovation holds lessons for the world.

A slowdown in the bellwether housing markets of Sydney and Melbourne suggests that sentiment is starting to sour as hopes of more interest rate cuts dissipate.

Australians are expected to spend almost $7 billion at shops this weekend, but the industry is worried many will turn to ultra-cheap Chinese websites.

American Eagle has unveiled a new celebrity face for its holiday denim campaign, just weeks after backlash over its controversial Sydney Sweeney ad.

Shares in $2.3 billion travel group Corporate Travel Management will remain suspended until at least 2026 after it admitted its UK accounts contained serious errors dating back years. 

THE NEW YORK TIMES: The innocent-looking bear talked about knives, sexual topics and even referred to a fetish app.

Economists who’ve worked for Treasury and the Reserve Bank are questioning the RBA’s ability to forecast inflation following a big shock with consumer prices.

As prices climb across everyday essentials and lifestyle spending, women are bearing the sharper edge of inflation’s impact.

The rise and falls of Mexican fast-food star Guzman y Gomez has led co-founder Stephen Marks to dismiss the sceptics and say he’s as confident in its future as ever.

Thousands of airfares have been heavily discounted across a range of popular destinations.