Business

The competition watchdog has cleared the proposed merger between Seven West Media and Southern Cross Media Group, a deal that is set to transform Australia’s media landscape. 

SGH chief executive Ryan Stokes has warned Australia’s southern states face gas shortfalls as soon as the third quarter of 2026 as tight regulations and price controls limit domestic supply.

Australia’s unemployment rate fell back to 4.3 per cent in October - a bad sign for borrowers. NAB has become the latest of the big four banks to say no there will be no Reserve Bank interest rate cuts in 2026.

THE ECONOMIST: The world’s public finances look ever more perilous.

Unemployment is likely to fall in the latest reading but some economists think the rate could rise further next year, leaving the door open for more rate cuts.

Ryan Stokes has called on the Federal Government to reconsider a key plank of its climate policy regime, describing the safeguard mechanism as a de facto tax.

Flight Centre has survived the 9/11 terror attacks, rise of the internet, global financial crisis, and coronavirus pandemic, but analysts and management say it is now facing its biggest structural shift yet. 

A big four bank is lifting fixed interest rates in an ‘ominous sign’ for all mortgage holders.

The food delivery service has announced it will shut down all operations in Australia, putting 120 people out of a job.

THE ECONOMIST: Investing in equities may make sense for individuals — but it could also exacerbate a crash

Thousands of Australians have joined the Optus network despite its well-documented issues with a fatal triple-0 outage.

Mineral Resources will sell 30 per cent of its WA lithium business to South Korea’s POSCO for $1.2 billion to buttress a debt-laden balance sheet.

SoftBank said Tuesday it has sold its entire stake in US chipmaker Nvidia for $US5.83 billion as the Japanese giant looks to capitalise on its ‘all in’ bet on ChatGPT maker OpenAI.

Australia's big four banks have made billions from investing in fossil fuel projects in the past decade, but only two have made steps to walk away.

A majority of Australian consumers are upbeat about the economy despite an inflation surge. The first positive reading since 2022 has come as a “surprise” to Westpac’s head of macro-economic forecasting.