Business

Chartered Accountants ANZ has suspended Tom Seymour for four years and fined him $15,000 following damning findings in July by the Tax Practitioners Board.

Australia’s biggest KFC operator Collins Foods says menu innovations — like its Habanero Hot and Crispy range and Zinger kebab — has helped the company deliver record half-year sales.

Gemini 3 helped add $600 billion to Google’s value, but lacks common sense and struggles to explain complex technology.

Big Tech says Australia’s move is bold — but warns verification will be costly, complex and easy for teens to dodge.

THE ECONOMIST: Forget valuations and look out for search-engine hits and fund managers getting fired.

THE NEW YORK TIMES: Restaurant and drink brands, some with thousands of stores in China, are taking root in American cities to escape punishing competition at home.

Accounts lodged with ASIC for buy-now, pay-later group Afterpay reveal its value has been heavily reduced since US fintech Block acquired it.

The Federal Government has been warned to rein in spending and lay off the power bill rebates or it will worsen the risk of interest rate hikes hitting homeowners next year.

Australians locked out of buying a house are now finding they can’t afford a unit with property investor activity at a new high for the decade.

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.