Business news

• Computers once threatened to take over jobs. Is history repeating with AI?

  31-08-2026 22:08 via abc.net.au
  
  In 1968, Australians were warned that computers could wipe out entire professions. Now, a similar conversation is unfolding about artificial intelligence. 
  
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• Fracked gas from Beetaloo Basin will flow to NT power grid from today

  31-08-2026 22:45 via abc.net.au
  
  As of today, gas fracked from the Beetaloo Basin will flow into the Northern Territory's power grid, with the CLP forecasting the project will generate billions in economic value. But environmental activists say hundreds of Territorians oppose the project.
  
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• ‘Contagion risk’: Top central banker warns AI could spark global economic downturn

  31-08-2026 21:41 via smh.com.au
  
  Andrew Bailey has warned of a severe downturn in global stock markets if the AI bubble bursts.
  
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• ‘Contagion risk’: Bank of England governor warns AI could spark global economic downturn

  31-08-2026 21:41 via smh.com.au
  
  Andrew Bailey, governor of the Bank of England, has warned of a severe downturn in global stock markets if the AI bubble bursts.
  
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• Man who hamstrung local council embroiled in years-long planning dispute

  31-08-2026 21:32 via abc.net.au
  
  Luxury tourist villas being offered for hundreds of dollars a night were allegedly installed in a bushfire-prone area without prior permission, an ABC investigation has found.
  
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• AI threatens to unleash global market downturn, top central banker warns

  31-08-2026 21:30 via smh.com.au
  
  Andrew Bailey, governor of the Bank of England, has warned of a severe downturn in global stock markets if the AI bubble bursts.
  
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• ASX set to retreat as Wall Street slides; Oil prices climb after US strike on Iranian sites

  31-08-2026 21:15 via smh.com.au
  
  The price of oil rose and stocks fell on Wall Street after the US launched its first military action in a month against Iran.
  
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• ‘Urgent attention’: The desperate emails Star ignored before a tragic death

  31-08-2026 21:00 via smh.com.au
  
  Eight months before a 24-year-old took her own life at Brisbane’s newest casino, a manager pleaded for a “major and obvious” vulnerability to be fixed.
  
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• Facial recognition technology 'scope creep' is upon us, experts warn

  31-08-2026 20:39 via abc.net.au
  
  Industry groups say the move to facial scans in supermarkets is about safety, but analysts say that once the technology is installed, its "scope creep" paves the way for options like discriminatory pricing.
  
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• Property downturn worsens, with buyer activity 'particularly low'

  31-08-2026 16:23 via abc.net.au
  
  Australian house prices have fallen for a fifth straight month, according to property data firm Cotality. It says the downturn has now spread to 93 per cent of suburbs in the nation's capital cities.
  
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• Property downturn worsens with buyer activity 'particularly low'

  31-08-2026 16:23 via abc.net.au
  
  Australian house prices have fallen for a fifth straight month, according to property data firm Cotality. It says the downturn has now spread to 93 per cent of suburbs in the nation's capital cities.
  
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• Australia risks missing out on AI economic boom due to 'slow' uptake

  31-08-2026 14:36 via abc.net.au
  
  Treasury says Australia risks missing out on the economic benefits of AI unless businesses use beyond basic use and make bigger changes to how they operate.
  
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• Qantas ground crews vote in favour of possible strike action

  31-08-2026 12:31 via abc.net.au
  
  The Transport Workers Union says 97 per cent of 350 workers who voted backed industrial action, including work stoppages ranging from one to 24 hours.
  
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• How Australia’s social media ban loomed over Meta’s $24b settlement

  31-08-2026 10:38 via smh.com.au
  
  A landmark settlement reached by the Facebook owner shows that the government’s social media ban is changing the conversation.
  
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• One Nation commits to coal-fired power and lifting nuclear ban in Victoria

  31-08-2026 10:09 via abc.net.au
  
  One Nation leader Pauline Hanson and state leader Warren Pickering travelled to the Latrobe Valley to announce the party's Victorian energy policy.
  
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• Danish giant steps in to help break Australia’s wind farm drought

  31-08-2026 09:31 via smh.com.au
  
  A decision to greenlight the eastern seaboard’s largest wind farm in more than two years has provided a much-needed boost to Australia’s renewable energy ambitions.
  
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• Butcher backs meat producers as Woolworths to stop selling Tassie beef

  31-08-2026 08:45 via abc.net.au
  
  A Tasmanian butcher promotes the importance of shopping local following Woolworths's decision to stop selling Tasmanian beef in stores across the country from 2027. 
  
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• Aguia revives 55Mt Brazilian phosphate resource as policy shifts

  31-08-2026 07:43 via smh.com.au
  
  Aguia Resources has dusted off its 55Mt Lucena phosphate project in Brazil, eyeing a new government push to support domestic fertiliser production and reduce imports.
  
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• Great Southern drilling unlocks second growth front at WA gold play

  31-08-2026 06:36 via smh.com.au
  
  Great Southern Mining has hit 14m at 1.05g/t gold north of its Mon Ami resource near Laverton, opening a potential northern extension, as the system also grew at depth.
  
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• WA in midst of gold rush, exploration figures show

  31-08-2026 06:28 via abc.net.au
  
  A Kalgoorlie-based drilling company involved in some of Australia's biggest recent gold discoveries is experiencing "unprecedented demand" amid an ongoing boom in mineral exploration.
  
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• Drilling company says 'exciting time' as gold and exploration hit highs

  31-08-2026 06:28 via abc.net.au
  
  A Kalgoorlie-based drilling company involved in some of Australia's biggest recent gold discoveries is experiencing "unprecedented demand" amid an ongoing boom in mineral exploration.
  
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• Lindian locks in early feed for Kazakh heavy rare earths plant

  31-08-2026 06:23 via smh.com.au
  
  Lindian Resources has secured an option on a heavy rare earths stockpile in Kazakhstan, potentially providing early feedstock for its processing plant.
  
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• Macquarie director met ex-KPMG colleagues amid $700m audit bid

  31-08-2026 06:08 via smh.com.au
  
  Macquarie has clarified the interaction between a board member and KPMG ahead of the embattled firm being awarded the $700 million contract it has now lost.
  
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• Barkly NT test cracks 99% magnet rare earths extraction

  31-08-2026 05:08 via smh.com.au
  
  Barkly Rare Earths has cracked 99% magnet rare earths extraction in a new test, a huge lift that could unlock its 40-million-tonne resource in the Northern Territory.
  
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• Infini steps up Canadian uranium hunt with 5000m drill push

  31-08-2026 04:56 via smh.com.au
  
  Infini Resources has stepped up its Canadian uranium hunt with 5000m of drilling after 3D modelling defined a district-scale target set at Portland Creek in Newfoundland.
  
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• GLP-1 drug prescribed to woman with eating disorder via telehealth

  31-08-2026 04:12 via abc.net.au
  
  The ABC has learned of a young woman with anorexia nervosa who was prescribed an Ozempic-like drug through a telehealth clinic. Experts say the incident highlights the need for more oversight.
   
  
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• Kaiser chases untouched Victorian gold reefs beneath historic mine

  31-08-2026 04:07 via smh.com.au
  
  Kaiser Reef has kicked off underground drilling beneath its historic Maldon gold project in Victoria, targeting reefs that historically produced 1.75Moz of gold at 28g/t.
  
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• Debt-ridden property firm Bathla may collapse this week, says administrator

  31-08-2026 04:00 via abc.net.au
  
  The administrators of Bathla Group warn the business might not survive until the end of the week.
  
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• Administrators 'confident' of averting Bathla shutdown with last-minute loans

  31-08-2026 04:00 via abc.net.au
  
  The administrators of Bathla Group warn the business might not survive until the end of the week, but remain confident they can raise enough funds to finish homes currently under construction.
  
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• Trump will be furious as his man at the Fed tries to set his record straight

  31-08-2026 03:57 via smh.com.au
  
  Kevin Warsh said what he had to say to protect his credibility and that of the US Federal Reserve Board. With the US midterms looming, Donald Trump won’t be happy.
  
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