Business

S&P Global has warned Australia’s five per cent deposit scheme for all first-home buyers regardless of income is only going to worse the housing affordability crisis.

Shares in KMD Brands closed higher after it rejected a proposal from a US surfwear company to demerge its Rip Curl business, saying the move would create no value for investors.

Macquarie said bank employees are especially vulnerable to redundancies as AI lets employers automate a lot of office roles.

A battered Australian share market opened sharply higher on Tuesday after Donald Trump revealed he had ordered the military to postpone strikes against Iranian power plants.

Department store giant Myer has posted a 21.7 per cent increase in half-year profit, boosted by the integration of the five brands it bought from Solomon Lew’s Premier Investments.

Housing Minister Clare O'Neil has brought together leaders from the construction industry as they grapple with skyrocketing materials costs.

Australia would never have produced athletes like Ash Barty or Cathy Freeman if the nation’s sporting prowess matched its mediocre economic productivity, according to BHP’s Geraldine Slattery.

We shouldn’t accept inflation as an inevitable trade-off against fairness or full employment.

Australians in the market for an electric BMW are the big winners from a new free trade deal with the EU, that will see the luxury car tax threshold for fuel-efficient cars raised to $120,000.

‘Someone with access to privileged information appears to have made hundreds of millions in profit by trading on a political secret before it became public.’

A union has called for employers to let their staff work from home due to rising transport costs caused by the war in the Middle East.

Business groups are pushing back on advice that encourages employees to work from home, urging them instead to switch to public transport.

Skyrocketing fuel prices and the prospect of more interest rate rises have caused consumer confidence to plunge to a record low.

Benchmark prices fell 9 per cent to around $US97.50 after US President Donald Trump gave Iran five days to respond to peace talks.

OnlyFans owner, billionaire Leonid Radvinsky, has died aged 43, the adult platform has confirmed.