Business news

• Breaking: Macquarie Group dumps KPMG from audit contract

  26-08-2026 10:24 via abc.net.au
  
  Accounting firm KPMG says it is facing the consequences of its "past failings" as it is dropped by Macquarie Group.
  
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• Bathla workers stood down as company struggles to stay afloat

  28-08-2026 10:54 via abc.net.au
  
  Staff of major property developer Bathla group have been stood down as the company struggles to stay afloat.
  
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• The world’s most influential economist is under heavy fire

  28-08-2026 10:15 via smh.com.au
  
  Daron Acemoglu is a colossus of the field and a Nobel Prize winner. But questions are being increasingly asked about his work.
  
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• Widow of Adelaide man killed in double-fatal truck crash speaks about prolonged court proceedings

  28-08-2026 10:01 via abc.net.au
  
  The widow of a man killed in a horrific truck crash at an Adelaide freeway in 2014 says she is relieved the court proceedings are finally over.
  
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• Australia’s share market ends volatile week higher

  28-08-2026 09:38 via smh.com.au
  
  The ASX had five wild sessions of earnings, oil price swings and interest rate woes.
  
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• Australia demands ‘high bar’ for data centres seeking fossil fuel power

  28-08-2026 09:33 via smh.com.au
  
  Energy Minister Chris Bowen has set high expectations for states to bypass green power rules for data centres, hoping to keep fossil fuels out of the sector.
  
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• ASX Runners of the Week: X2M, Discovery Alaska, Metal Hawk & Bapcor

  28-08-2026 08:50 via smh.com.au
  
  The Bulls N’ Bears ASX Runner of the Week is X2M Connect, which rocketed after securing its first-ever agreement to design and deliver a $250 million-plus AI data centre package in Australia.
  
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• Childcare in upheaval as losses, closures, and plunging revenue mount

  28-08-2026 07:59 via smh.com.au
  
  Commercial childcare operators are scrambling to remain viable. Children and carers are paying the price.
  
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• Gateway adds huge 7km-long gold trend to existing WA gold zone

  28-08-2026 07:06 via smh.com.au
  
  Aircore drilling by Gateway Mining at the Ward prospect in its WA Yandal gold project has defined a 7-kilometre-long gold anomaly, with hits up to 4m at 4g/t gold.
  
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• 'Kick in the guts': Woolworths confirms it will no longer buy Tasmanian beef

  28-08-2026 05:38 via abc.net.au
  
  Woolworths confirms it will no longer sell Tasmanian beef in the state or the mainland from 2027, a move cattle farmers say is a "kick in the guts".
  
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• Bowen says 'no carve-outs' after Queensland claims data centre win

  28-08-2026 05:14 via abc.net.au
  
  Queensland and the Northern Territory will not have control over how data centres are powered, the federal government insists, declaring there will be "no exceptions and no carve-outs" under its renewables plan.
  
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• Embattled travel giant repaying tens of millions to overcharged clients

  28-08-2026 05:03 via abc.net.au
  
  Corporate Travel Management is refunding clients after it was revealed the company had failed to pass on margins and rebates relating to suppliers including hotels and airlines.
  
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• Embattled travel giant repaying tens of millions of dollars to overcharged clients

  28-08-2026 05:03 via abc.net.au
  
  Corporate Travel Management is refunding clients after it was revealed the company had failed to pass on margins and rebates relating to suppliers including hotels and airlines.
  
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• ‘Strategy is working’: Virgin profits jump with fuel hedging, new planes

  28-08-2026 04:18 via smh.com.au
  
  The airline took delivery of 17 planes in the fiscal year, including 13 Boeing 787-8 Max aircraft with engines that burn less fuel.
  
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• New planes, fuel hedging shield Virgin from oil price shock

  28-08-2026 04:18 via smh.com.au
  
  The airline took delivery of 17 planes in the fiscal year, including 13 Boeing 737-8 Max aircraft with engines that burn less fuel.
  
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• Private credit stress deepens as CVS Lane suspends investor redemptions

  28-08-2026 03:59 via abc.net.au
  
  A private lender with significant loans to collapsed developer Bathla is the latest private credit firm to limit "investor redemptions".
  
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• Major private credit fund suspends investor redemptions

  28-08-2026 03:59 via abc.net.au
  
  A private lender with significant loans to collapsed developer Bathla is the latest private credit firm to limit "investor redemptions".
  
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• ASX edges higher as tech stocks jump; Virgin surges

  28-08-2026 03:06 via smh.com.au
  
  The Australian sharemarket has advanced at the open after a solid night on Wall Street, with US stocks jumping as Nvidia, Salesforce and others reported fatter profits than expected.
  
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• Unemployed and unpaid: what the fate of sacked Qantas workers tells us

  28-08-2026 03:00 via smh.com.au
  
  Big sophisticated companies, organisations or legal minds would not tolerate what sacked Qantas workers have gone through.
  
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• Maurice Blackburn sued Qantas for millions, but it hasn’t landed the plane

  28-08-2026 03:00 via smh.com.au
  
  Big sophisticated companies, organisations or legal minds would not tolerate what sacked Qantas workers have gone through.
  
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• ASX edges higher in early trade; Virgin, Harvey Norman results

  28-08-2026 02:16 via smh.com.au
  
  The Australian sharemarket has advanced at the open after a solid night on Wall Street, with US stocks jumping as Nvidia, Salesforce and others reported fatter profits than expected.
  
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• Virgin Australia boosted by new planes, fuel strategy

  28-08-2026 01:40 via smh.com.au
  
  While the aviation industry has faced a fuel price shock in March, Virgin hedged both crude oil and the more volatile jet fuel refining margins.
  
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• Virgin posts strong rise in profits, helped by fuel hedging

  28-08-2026 00:43 via smh.com.au
  
  While the aviation industry has faced a fuel price shock in March, Virgin hedged both crude oil and the more volatile jet fuel refining margins.
  
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• Virgin post strong rise in profits, helped by fuel hedging

  28-08-2026 00:43 via smh.com.au
  
  While the aviation industry has faced a fuel price shock in March, Virgin hedged both crude oil and the more volatile jet fuel refining margins.
  
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• Delivery company restarts services to regional Tasmania after resident complaints

  28-08-2026 00:12 via abc.net.au
  
  Despite paying for deliveries to be sent to their homes, residents in parts of regional Tasmania were told they had seven days to pick up their packages hours away at the company's depot in Hobart. After the ABC aired resident complaints, Team Global Express reversed the decision.
  
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• Trump orders new name for Lake Ontario in provocative trade war twist

  27-08-2026 23:53 via abc.net.au
  
  Donald Trump renames a lake on the US-Canada border as the neighbouring North American nations continue exchanging blows in their damaging trade war.
  
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• The world wants to build data centres in Australia, but we want something in return

  27-08-2026 23:51 via abc.net.au
  
  Australia is in a "sliding doors" moment with a chance to negotiate a bigger share of the AI boom in exchange for building data centres.
  
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• Australia faces 'sliding doors' moment to turn AI boom into local wealth

  27-08-2026 23:51 via abc.net.au
  
  Australia is in a "sliding doors" moment where it has a chance to negotiate for a bigger share of the AI boom in exchange for building data centres.
  
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• Live: ASX set to edge higher after Nvidia-fuelled Wall Street rally

  27-08-2026 23:34 via abc.net.au
  
  Australian shares are set to tick higher after tech giant Nvidia drove a rally in US technology stocks. Follow the day's events and insights from our business reporters on the ABC News live markets blog. 
  
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• Australian dollar highest since May – as it happened

  27-08-2026 23:34 via abc.net.au
  
  The Australian dollar has rallied today as traders factor in the potential for higher interest rates. 
  
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