Business

Barclays’ plan to cut 5000 jobs has put fresh focus on how quickly AI could reshape banking, as Australian lenders also slash roles while chasing productivity gains.
Business
Tom Richardson

Fears of workplace wipeout across banking sector

A major bank’s plan to cut 5000 jobs has put fresh focus on how quickly AI could reshape banking, as Australian lenders also slash roles.

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Companies

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Wesfarmers and SQM's Mt Holland lithium venture.

Wesfarmers green lights $1.4b WA lithium expansion

Business
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The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

Coles to charge more for item bought by almost every shopper

Companies
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NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

NAB and ANZ job cuts are just the start of killing season

Companies
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Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

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Australia
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Markets

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Treasury secretary Jenny Wilkinson admitted in Estimates that government spending is contributing to demand.

Treasury chief admits government spending adding to demand

Politics
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Treasurer Jim Chalmers’ heavy government spending appears to be at odds with RBA Governor Michele Bullock’s mission to rein in inflation.
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Australia
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Anthropic, the artificial intelligence company behind the chatbot Claude.
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Anthropic eyes Wall St, grows revenue 14-fold & warns on AI

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The best comparison for today’s AI vulnerabilities remains the dotcom bubble of the late 1990s.

How one of these two things could crash global markets

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Wealth

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For savers unwilling to jump through monthly hoops, AMP offers 5.50 per cent on balances up to $50,000 without the usual strings attached.

Banks slug borrowers but savings rates crack a decade high

Wealth
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Australians are promised $1.6 billion in surcharge savings but rewards cardholders with the big four bank face higher rates, fewer perks and weaker insurance. Here’s everything you’re about to lose ...

Big banks gut credit card perks. Here’s what you’ll lose ...

Wealth
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The strong annual result concealed a sudden fall and recovery late in the financial year.

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Housing prices falling in Melbourne and Sydney The Nightly

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Australia
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Mining

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A nugget worth up to $200,000 was almost missed by a prospector who had spent days searching the red dirt in the outback — and feared his spectacular find might be nothing more than 'a painted rock'.

‘Nearly walked past it’: Huge $200k gold nugget discovery

Newsworthy
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Rio Tinto Australia chief executive Kellie Parker.

Rio Tinto exec appointed to fix troubled defence projects

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Ross McEwan, chair of BHP, speaks during the company's annual general meeting in Melbourne.

Why BHP chair says Australia should be more like Canada

Mining
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Andrew Forrest, chair and founder of Fortescue.

Fortescue warns of slowdown as China talks drag on

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Energy

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A video on the Snowy Hydro 2.0 scheme’s website shows the construction work.

Snowy Hydro 2.0 cost could blow out to $25 billion

Energy
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Europe has spent decades shutting down coal-fired plants to combat global warming. Now the ones still left are experiencing an unexpected windfall. 

Dwindling coal fleet in Europe reaps windfall from gas rally

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Madeleine King addresses the National Press Club in Canberra.

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Inpex's Ichthys LNG offshore facilities

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