Business

THE ECONOMIST: The industry is supplanting Wall Street’s privileged position on the American right

Donald Trump filed a defamation lawsuit against the BBC, seeking at least $5 billion in damages.

The consumer watchdog has taken aim at two food retailers for allegedly trapping Australian consumers into subscriptions.

Steve McCann, the man brought in to rescue Star Entertainment Group almost 18 months ago, has revealed his immediate exit from the embattled casino operator.

Aussie travellers are likely to get a boost as a widening split between the Reserve Bank and US Fed should push the local currency higher. 

The charge, a first for ASIC, is part of a “circuit-breaker” package of orders put on the share market operator over a string failures.

THE ECONOMIST: Despite fears of job losses, some aspects of the new technology require human skills.

Treasurer Jim Chalmers says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

YouTube’s chief executive Neal Mohan is the latest in a line of tech bosses who have admitted to limiting their children’s social media use, as harms of being online for young people have become more evident.

Government backing for home batteries will be dialled back for larger systems in a move intended to make the scheme sustainable and open to more households.

Mortgage lending has hit new record highs, driven by investors. This was occurring before Labor’s 5 per cent deposit scheme for first-homebuyers was fast-tracked to October 1.

THE NEW YORK TIMES: Silicon Valley is experiencing an AI boom that bears resemblance to the dot-com boom. But despite the similarities, there are many differences that could lead to a wildly different outcome.

The approval of Hanwha’s doubled stake in Austal is subject to “strict conditions”, including limits on access to sensitive intellectual property held by Austal and “stringent criteria” on any board nominee.

The creative industries may be in open warfare against tech companies over copyright infringement over protected works, but Disney is taking a different path.

Major tours like Lady Gaga remain a drawcard for interstate travel, with fresh figure revealing more than a third of Australians are crossing State borders each year to big events.