Business

Flight Centre co-founder Graham Turner says AI could have the most transformative impact on its business.

Up, up and AI: Flight Centre’s biggest challenge yet

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. 

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

‘Ominous sign’ as major bank moves on rates

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

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Menulog has announced it will shut down all operations in Australia later this month.

Bombshell as Menulog reveals it’s shutting Aussie operation

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

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The Economist: Baby boomers are riding a new wave of enthusiasm.

Retirees gone wild on Wall Street

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

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Optus has attracted more customers since a fatal triple-0 outage.

Surprising trend after fatal Optus outage

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

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Mt Marion Lithium mine

MinRes shares lithium load with POSCO in $1.2b sale

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.

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Japanese giant SoftBank has sold its entire stake in US chipmaker Nvidia for $US5.83 billion.

SoftBank sells entire Nvidia stake to fund OpenAI investment

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.

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The big four banks have provided $43.4 billion to coal, oil and gas companies, a report found. (Joel Carrett/AAP PHOTOS)

Big four banks slammed for profiting from fossil fuels

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.

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Despite flatlining interest rates, the monthly Westpac-Melbourne Institute barometer has found upbeat consumer sentiment in its first positive reading since 2022.

More Aussies now upbeat than gloomy under Anthony Albanese

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.

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RBA governor Michele Bullock has warned that inflation would remain above 3 per cent into 2026 and it was “possible” there would be no further cuts to the cash rate in the near term.

‘Extraordinary’: Aussies’ shocking reaction to cash rate hold

Australian consumer confidence has dramatically changed over the past month in an ‘extraordinary and somewhat surprising way’.

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The Grand Hall of the Disney Destiny features an homage to Marvel’s ‘Black Panther,’ including a statue of the hero.

Marvel-ous sneak peak into Disney’s new cruise liner

Movie-themed cruise experiences leading charge in Disney’s ‘largest’ ever business expansion.

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The world hasn’t seen a major recession in years — a crash might hit harder.

What happens when the world’s economies forget how to fall

THE ECONOMIST: The world hasn’t seen a major recession in years — a crash might hit harder.

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The federal government has pledged to release a national AI plan before the end of the year.

Lack of AI rules could cost Australia $142b

A joint report by Cisco and the Governance Institute has sounded the alarm on Australia’s AI hesitation and the multibillion-dollar cost of inaction.

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CBA’s chief executive said the bank added 175,000 new customers over the September quarter.

Commonwealth Bank shares slump on sliding profit margins

Australia’s largest bank said it added 175,000 new customers over the September quarter, although rising expenses ate into its profits.

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Jim Chalmers faces a tough choice on the government’s electricity rebates scheme.

Why soaring electricity prices are a liability for Albo

Skyrocketing electricity prices are coming back to haunt the Albanese government six months after they neutralised it as an election issue.

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