Business

THE ECONOMIST: Gridlock in Washington prevents official data releases. And unofficial ones disagree

ANZ Group flagged a 20 per cent jump in operating costs as its statutory profit sunk 10 per cent and new chief executive Nuno Matos promised to turn performance around.

Solving the embattled telco’s dysfunctionality is more complex than calling for the Optus chief to resign, an expert says.

Uber has confirmed a major change within weeks, but users won’t like what it means for them.

OpenAI is facing seven lawsuits claiming ChatGPT drove people to suicide and harmful delusions even when they had no prior mental health issues.

Macquarie said rising employee expenses and tech investments slowed its profit growth to three per cent over the September half.

The national carrier is now forecasting slower revenue growth of about 3 per cent for the first half of the 2026 financial year because of reduced bookings from non-resource companies.

At Tesla’s AGM, shareholders approved Elon Musk’s pay packet to tie their own financial fortunes to those of the divisive tech entrepreneur.

THE ECONOMIST: China built its power on manufacturing — now it’s building a new kind of power by helping the world ditch fossil fuels.

Australian travellers are being warned after US airlines were ordered to cancel flights as air traffic controllers feel the strain of working during the government shutdown.

Tesla says shareholders have voted in favour of CEO Elon Musk’s almost $US1 trillion pay plan, with 75 per cent support.

A Big Four bank has sacked an employee accused of using his position to rig up millions of dollars’ worth of dodgy loans, triggering criminal charges.

Kerry Stokes spent a lifetime building a television network and newspaper publisher. But as he presided over his final AGM as chairman, he promised he still had plenty left in the tank.

Australia’s biggest share trading firm, CommSec, is punishing wealthy customers so it can help more people with less than $5000 invested with them.

THE ECONOMIST: Evidence shows universal childcare can come with hidden costs for children.