Business

In a landmark move that signals a dramatic shift in Australia’s mortgage market, a major bank has chopped fixed rates to sub-5 per cent levels.

THE ECONOMIST: Companies pay a heavy price to pay for conflict culture in the workplace.

Australia Post delivered a modest profit but says eCommerce giants are eating into its market.

Treasurers will discuss options for road user charges next week as analysis shows the Federal budget faces a black hole of hundreds of million of dollars as more drivers take on electric vehicles.

THE NEW YORK TIMES: It’s no secret by now that optimism around the windfall that artificial intelligence may generate is pumping up the stock market. But it is lifting the real economy, too.

Qantas boss Vanessa Hudson says overhauling the image-battered airline still has a long way to go after delivering its second-biggest profit on record, boosted by strong business travel demand.

Australia has landed a major win as a leading AI player confirms a local base.

THE ECONOMIST: Donald Trump’s attack on Lisa Cook is yet another symptom of the corruption of America’s government.

Wesfarmers’ boss has singled out one State for a ‘disproportionate’ amount of theft by organised crime gangs and has blamed its ‘very draconian lockdown’ for leaving ‘mental and economic scars’.

Mineral Resources has swung to a massive full-year loss, as founder Chris Ellison concedes in a letter to shareholders that ‘our earnings and net debt levels have been greatly impacted’.

Qantas has announced a huge profit growth alongside a new offer for customers that book flights within the next week.

Domino’s executive chair Jack Cowin says the embattled pizza giant will dump its heavy discounting and vouchers to focus on delivering a Bunnings-style ‘everyday low price’ model in a bid to revive sales.

A sharp rebound of inflation will ‘unsettle’ the Reserve Bank and dampen any hopes of a September rate cut, even as Treasurer Jim Chalmers paints a rosy outlook.