Business

Rob the humanoid robotic bartender aboard cruise ship MSC Virtuosa.

Cruise control: Sailing the high seas goes high tech

Within the next decade passengers can expect more high-tech experiences on floating cities of up to 10,000.

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Federal Reserve Board Federal Reserve Chairman Jerome Powell.

Uncertainty increased: US Federal Reserve holds rate

The US Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.

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 The power sector is set for a shock.

Which fuel looms as Australia’s next shock absorber?

JACKSON HEWETT: With prices to rise as much as 9 per cent next year, the country’s power sector is due for a shock.

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Federal Treasurer Jim Chalmers

Big four bank makes huge call on state of Federal Budget

Commonwealth Bank economists have revealed their predictions of Treasurer Jim Chalmers’ Budget next week, and they’ve made a huge call on the size of the national deficit.

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Myer executive chair Olivia Wirth.

Wirth promises to make Myer a ‘retail powerhouse’

Myer boss Olivia Wirth is confident she has the new growth strategies in place to establish the 125-year-old department store as a retail powerhouse amid tough trading conditions.

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Sanjeev Gupta

Whyalla safety blasted as GFG dealings probe looms

Whyalla’s administration extended for a year as administrators raise safety fears and judge warns GFG Alliance related party transactions probe hampered by lack of records access.

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A reusable shopping bag sold at Woolworths for $20 has divided opinion on the internet.

Woolworths shoppers divided over new $20 reusable bag

Some shoppers have labelled the price as ‘crazy’ while others say it's fair given who designed the item.

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Vietnamese EV maker VinFast Auto's VF3 electric vehicle on display during the Bharat Mobility Global Expo in New Delhi in January.  Bloomberg
Prime Minister of Canada Mark Carney’s office  says the Australian-made “over-the-horizon” radar system will provide early warning radar coverage from the Canada-United States border into the Arctic. 

Australia strikes $6.5b ‘over-the-horizon’ radar deal with Canada

Canada will purchase an Australian ‘over-the-horizon’ radar system, Canadian Prime Minister Mark Carney is expected to announce.

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The mining industry could be “crippled” by a “concerted effort to dismantle the system”, Andrew Michelmore says.

Mining sector warns IR changes ‘dismantling’ productivity

Australia’s mining sector is facing a ‘concerted effort’ to dismantle a productive industrial relations system and drag the industry back to an ‘era of strikes, inefficiency, and industrial confrontation’.

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Wisetech Global CEO Richard White.

White ‘misled’ WiseTech over partners in bombshell review

An independent review into the actions of WiseTech’s scandal-prone founder Richard White has revealed he made incomplete and, at times, misleading disclosures about personal relationships.

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Westpac has gone head-to-head with ANZ, matching its lowest variable home loan rate at 5.84 per cent.

Big four bank’s ‘customer stealing’ move as mortgage wars heat up

Two of Australia’s biggest lenders are going head-to-head for your home loan.

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Australian renters now need an annual income of $130,000 to afford an average rental.

The six-figure salary needed just to afford a rental in Australia

Rental stress has now extended well beyond low-income earners as it is revealed ticking ‘time bomb’ could soon explode.

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A rate cut has led to an increase in mortgage applications, making it harder to enter the market.

First-home buyers need more than a rate cut, banks say

A recent RBA interest rate cut has caused a surge in mortgage applications — but not from the group most desperate to get into the market.

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Shoppers in Shanghai, China.

Can anything get China’s shoppers to spend their money?

China’s plan to encourage domestic spending has some novel ideas. But will they have the desired effect?

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