Business

Consumers have been warned to stop using the item immediately.

‘Metal shards’: IKEA issues urgent recall over injury risk

Customers have been warned to stop using the item immediately or risk ingesting metal shards.

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Shemara Wikramanayake and Simon Wright.

Macquarie execs take home huge pay packets despite missteps

Regulatory missteps prevented CEO Shemara Wikramanayake from taking full advantage of bumper profits at the investment bank, and despite taking home more than $26m, another executive out-earned her.

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Denying young people the tools older generations have used to accrue wealth would be the true act of inequity.

Why capital gains tax changes are unfair to young people

MARK HUMPHERY-JENNER: Denying young people the tools older generations have used to accrue wealth would be the true act of inequity.

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Treasurer Jim Chalmers.

Super test shake-up could unlock riskier investments

Labor may loosen super investment rules, but Jim Chalmers says members’ interests will remain paramount.

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Elon Musk is poised to float the world’s most valuable start-up on the stock market. 

What is Elon’s formula? Exploring the rise of Muskism

THE ECONOMIST: A historian along with a technology writer uncover the essence of Muskism.

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Copper has hit $US6.22 a pound.

Price of ‘critically under supplied’ metal nears record high

A one-month surge in copper prices sent Rio Tinto shares to a record $252 billion valuation this week, amid rising bets inflation will push commodities higher.

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coins, calculator, budget, household budget, money, cash, currency, saving, accounting, market, calculation, earning, planning, income, finance, shopping, cost of living, inflation, spending, financial planning, save money concept, business, save money, saving money, food shopping, thrift, balance, careful, manage stevepb

Why savers are being left behind by banks after rate hikes

Borrowers have been slugged with higher mortgage rates after the Reserve Bank’s May hike, but many savers will miss out unless they meet the fine print on bonus accounts.

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Prime Minister Anthony Albanese has announced a national reservation scheme.

Gas producers slam Albo’s 20 per cent gas stash

Gas producers have slammed policy forcing them to sell 20 per cent of their product directly to the domestic market, warning it could hurt future supply.

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Tabcorp chief executive Gillon McLachlan.

Austrac probe sends Tabcorp shares crashing

The betting group says AUSTRAC is looking at “a number of serious concerns” with Tabcorp’s ability to identify and stop money laundering and monitor its customers.

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Higher prices at the pump and fuel supply constraints hit BFC in the second half.

Super Retail’s BFC splutters on fuel cost, supply crisis

Shares in the ASX-listed company behind big-box retailers BCF, Rebel and Supercheap Auto were hammered after it reported a soft trading update as consumers batten down the hatches.

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Australian diesel prices are tipped to soar to new record highs above $4 a litre even with the Federal Government’s temporary halving of fuel excise tax.

Diesel prices tipped to hit $4 a litre despite tax relief

Australian diesel prices are tipped to soar to new record highs above $4 a litre even with the Federal Government’s temporary halving of fuel excise tax.

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The Strait of Hormuz has been shut for two months, blocking some 20 per cent of world oil supplies.

Oil plunges on Iran deal hopes, Wall St hits record highs

A tumbling oil price and rally in tech stocks including Google-parent Alphabet on Wall Street set the S&P/ASX 200 up for a positive open on Thursday.

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Reserve Bank of Australia's Governor Michele Bullock.

Interest rate rise sends Aussie dollar to four-year high

The surprising reason for the Australian dollar being propelled to a four-year high has been revealed.

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AGL Energy has announced stronger profit guidance just six months after Labor’s 62-70 per cent emissions reduction goal for 2035 came into effect. AI is also expected to drive electricity demand.

AGL promises renewable energy, AI will boost profit

AGL Energy has announced stronger profit guidance just eight months after Labor’s 62-70 per cent emissions reduction goal for 2035 came into effect. AI is also expected to drive electricity demand.

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Alan Joyce was one of the country’s best-paid chief executives, pocketing more than $115 million during his tenure at the top.

Alan Joyce’s memoirs pitched as ‘compelling and gripping’

The controversial former Qantas chief says the book, to be released in July will “set the record straight on what actually happened during my career”.

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