Business news

• Planners knock back controversial plan for new Bunnings megastore

  19-08-2026 10:10 via abc.net.au
  
  Planning authorities decline a fiercely contested multimillion-dollar plan for Bunnings to build a new store 10km from its existing premises in Bunbury.
  
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• Roblox to face external audits to prove it's safe for Australian children

  19-08-2026 16:45 via abc.net.au
  
  Australia's eSafety Commissioner will be able to take the gaming platform to court if it finds Roblox is not honouring its commitments to keep Australian children safe. 
  
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• Sacked worker forced to pay for using ‘plain wrong’ AI in landmark case

  19-08-2026 12:01 via smh.com.au
  
  For the first time, the Fair Work Commission has forced a worker to pay for wasting its time, fining a sacked Aldi store assistant more than $1200.
  
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• Swans players could face up to $600,000 sponsorship hit

  19-08-2026 11:17 via smh.com.au
  
  Telstra led a raft of sponsors expressing concern at the players’ actions, as it stood down Isaac Heeney and Chad Warner from its ambassador program.
  
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• Oil prices spike as ships in Strait of Hormuz hit by fresh strikes

  19-08-2026 10:28 via abc.net.au
  
  Three ships travelling through the contested Strait of Hormuz have been hit in recent days, according to British maritime officials, with casualties reported.
  
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• Oil prices spike after ships in Strait of Hormuz hit by fresh strikes

  19-08-2026 10:28 via abc.net.au
  
  Three ships travelling through the contested Strait of Hormuz have been hit in recent days, according to British maritime officials, with casualties reported.
  
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• Planners knock back controversial plan for new Bunnings store

  19-08-2026 10:10 via abc.net.au
  
  Planning authorities decline a fiercely contested multimillion-dollar plan for Bunnings to build a new store 10km from its existing premises in Bunbury.
  
  Read more

• New Bunnings store rejected by WA Planning Commission

  19-08-2026 10:10 via abc.net.au
  
  Planning authorities decline a fiercely contested multimillion-dollar plan for Bunnings to build a new store 10km from its existing premises in Bunbury.
  
  Read more

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• Tassie growers spitting chips over Simplot spud contract

  19-08-2026 09:02 via abc.net.au
  
  It's crunch time for Tasmanian potato growers in a contract dispute with US French fry giant, Simplot.
  
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• Five charts that explain what’s really happening with housing

  19-08-2026 08:04 via smh.com.au
  
  The May budget upended demand for mortgages, but that isn’t the whole story in a market that has been running hot for years.
  
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• Retailers on the ropes as consumers all but close their wallets

  19-08-2026 07:50 via smh.com.au
  
  The shareholder jury has spoken: the discretionary retail sector is in an unambiguous slump.
  
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• The billionaire brat pack can’t stop whinging. They’re only embarrassing themselves

  19-08-2026 07:30 via smh.com.au
  
  From Gina Rinehart to Lauren Bezos, Elon Musk to Mark Zuckerberg, the super wealthy appear to have everything but the one thing they truly want.
  
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• The billionaire brat pack can’t stop whingeing. They’re only embarrassing themselves

  19-08-2026 07:30 via smh.com.au
  
  From Gina Rinehart to Lauren Bezos, Elon Musk to Mark Zuckerberg, the super wealthy appear to have everything but the one thing they truly want.
  
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• Coalition vows to scrap VNI West transmission project in Victoria

  19-08-2026 07:25 via abc.net.au
  
  The Victorian Liberal and National parties will scrap the controversial VNI West transmission project if the Coalition wins the state election in November.
  
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• Telstra suspends Swans players from brand ambassador program

  19-08-2026 06:25 via smh.com.au
  
  The telco said it was “deeply concerned” by the allegations and would make final decisions on its sponsorships once the police investigation was complete.
  
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• Viking lights up visual tungsten in drilling at historic Nevada mine

  19-08-2026 05:23 via smh.com.au
  
  Viking Mines has hit multiple wide zones of visual tungsten mineralisation in drilling from its Linka project in Nevada, the first drilling at the project in 40 years.
  
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• 'Liar loans' leave property market open to criminal exploitation

  19-08-2026 05:18 via abc.net.au
  
  Hundreds of millions of dollars worth of property, largely in Sydney, has been bought by people who have submitted fake incomes statements and other fraudulent documents to support their borrowing.
  
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• Home loan fraud uncovered at 10 major banks

  19-08-2026 05:18 via abc.net.au
  
  Hundreds of millions of dollars worth of property, largely in Sydney, has been bought by people who have submitted fake incomes statements and other fraudulent documents to support their borrowing.
  
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• ‘The office is primary’: Real estate boss defends end of hybrid work

  19-08-2026 04:25 via smh.com.au
  
  The global company with 1200 Australian staff will move from expecting office attendance three days a week to five days a week as a default.
  
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• Critical adds golden string to Canadian lithium bow

  19-08-2026 04:13 via smh.com.au
  
  Critical Resources has added a gold target to its Mavis Lake lithium project in Canada, staking ground over a historic 9.17g/t gold drill hit.
  
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• Hotel chain Quest investigating customer data breach

  19-08-2026 04:08 via abc.net.au
  
  Quest says the compromised data includes customers' full names, email addresses and other contact details.
  
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• China’s breakneck plan to safeguard its future

  19-08-2026 03:35 via smh.com.au
  
  China has radically reshaped the world of transport and energy. Now it is using the same playbook to try to take control of the world’s food supply.
  
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• ASX slumps for sixth day as bond market worries weigh on confidence

  19-08-2026 03:26 via smh.com.au
  
  The Australian sharemarket closed in the red after a flurry of corporate results, as a sell-off in chipmakers and growing anxiety about the stalemate in the Iran war sent stocks lower on Wall Street overnight.
  
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• ASX slumps for sixth day after fall in AI stocks drags down Wall Street

  19-08-2026 03:26 via smh.com.au
  
  The Australian sharemarket closed in the red after a flurry of corporate results, as a selloff in chipmakers and growing anxiety about the stalemate in the Iran war sent stocks lower on Wall Street overnight.
  
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• ASX dips in early trade after slump in AI stocks sends down Wall Street

  19-08-2026 02:22 via smh.com.au
  
  The Australian sharemarket has opened lower amid a flurry of corporate results, as a selloff in chipmakers and growing anxiety about the stalemate in the Iran war sent stocks lower on Wall Street overnight.
  
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• WiseTech shares plunge on ACCC raid — as it happened

  18-08-2026 23:41 via abc.net.au
  
  The competition watchdog has executed a search warrant at WiseTech Global. The Australian share market fell for a sixth consecutive day following another weak session on Wall Street. Look back at the day's markets and economics news on the ABC blog.
  
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• ASX set to dip, Wall Street slumps as AI stocks fall

  18-08-2026 21:19 via smh.com.au
  
  Wall Street is pulling further from its all-time high as AI stocks get back to sinking.
  
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• Tasmania inquiry to weigh costs, benefits of new AI data centres

  18-08-2026 21:18 via abc.net.au
  
  With communities around the world grappling with the spread of AI data centres, the Tasmanian Greens have set up an inquiry to examine "what, if any, economic benefit" they will bring to the state.
  
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• Inquiry to examine 'what, if any' benefits data centres will bring

  18-08-2026 21:18 via abc.net.au
  
  With communities around the world grappling with the spread of AI data centres, the Tasmanian Greens have set up an inquiry to examine "what, if any, economic benefit" they will bring to the state.
  
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• It’s my job to raise a topic which neither side of politics will mention

  18-08-2026 21:00 via smh.com.au
  
  These days no one mentions the budget deficit. But they should.
  
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