Business

Four blue-chip CEOs announced their departures this week as rapid advances in AI intensify pressure to deliver shareholder returns.

The agreements with Google and Microsoft provide for the increased adoption of a range of technologies, notably those enabling the AI agents now helping time-poor and tech-savvy shoppers find the best deals.

Nick Rohrlach has served as chief of Virgin’s loyalty program Velocity since 2021, when he jumped shipped from rival Qantas in a move that sparked a legal battle between the two airlines.

The lender said its profits grew as costs fell but revenues largely flat.

Private equity’s leveraged bets on the software industry may soon cause big trouble.

Furniture retailer Nick Scali has reaped the benefits of higher consumer demand for big-ticket items like couches and dining tables to notch up a 36 per cent surge in half-year profit.

Esteemed economics professor Bruce Preston will join the Reserve Bank board members in charge of setting interest rates, just a fortnight before it makes another crucial decision for the nation’s homeowners.

An accelerating crash in tech stocks was disguised by record highs for ANZ Bank, alongside miners BHP and Rio Tinto on Thursday.

Receivers from global advisory firm Ankura were put into Barbeques Galore on Thursday by the company’s secured creditor, reportedly after directors appointed administrators from Grant Thornton.

ANZ Bank’s CEO said his transformation plan is on track and touted its first quarter results as proof on Thursday morning.

Reporting a lower half-year profit on Thursday, IAG warned that home and motor customers renewing their policies could still expect to be hit with rises above inflation

Home appliances maker Breville says its ‘mitigation efforts’ against Donald Trump’s punishing tariffs have helped it deliver a double-digit revenue growth in the half-year.

Albemarle will mothball its last remaining lithium refining operations in WA and make 250 local workers redundant in a decision the US giant has pinned on Western countries’ inability to compete on costs.

The trade agreements look one-sided, but their consequences may not be.

Australia’s central bank chief Michele Bullock tried to shut down questioning at a tense Senate committee appearance where a Liberal senator likened her to a social media influencer.