Business news

• 'They've been caught out': KPMG fallout continues with resignations

  23-06-2026 03:15 via abc.net.au
  
  KPMG chair Martin Sheppard and two audit partners are leaving the accounting and consulting giant in the wake of a scandal over misuse of confidential client information and the alleged mistreatment of a whistleblower.
  
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• Bird flu prompts Papua New Guinea to ban Australian chicken and egg imports

  24-06-2026 04:26 via abc.net.au
  
  Australia's largest chicken meat buyer, Papua New Guinea, suspends Australian poultry and egg imports due to the H5N1 bird flu outbreak, even though Australian authorities say there is no evidence the virus has spread.
  
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• Headline inflation down, but underlying inflation highest since 2024

  24-06-2026 03:51 via abc.net.au
  
  Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like.
  
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• Breaking: Headline inflation down, but underlying inflation highest since 2024

  24-06-2026 03:51 via abc.net.au
  
  Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like.
  
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• Qantas A380 to be inspected urgently after cracks found

  24-06-2026 02:59 via abc.net.au
  
  Airbus says it will inspect 16 A380 planes, including one Qantas plane, after cracks were found in a key wing component.
  
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• Origin 'named and shamed' for failing to pass on lower electricity prices

  24-06-2026 02:42 via abc.net.au
  
  Treasurer David Janetzki says Origin "appears not to be doing the right thing" by increasing prices in regions where price drops were predicted. 
  
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• Victorian taxi drivers face punishment for refusing short trips

  24-06-2026 01:36 via abc.net.au
  
  The government is expanding its "two strikes and you're out" rules to include drivers who refuse to take passengers with assistance dogs or who knock back short trips.
  
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• Major construction company hit by alleged multi-million-dollar insider fraud

  24-06-2026 00:08 via abc.net.au
  
  Queensland police have uncovered an alleged industrial espionage operation that caused major construction company Shadforth's confidential data to be leaked to competitors.
  
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• Construction company hit by alleged multi-million-dollar insider fraud

  24-06-2026 00:08 via abc.net.au
  
  Queensland police have uncovered an alleged industrial espionage operation that caused major construction company Shadforth's confidential data to be leaked to competitors.
  
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• Live: Underlying inflation tipped to remain hot despite fuel prices easing

  23-06-2026 23:54 via abc.net.au
  
  The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which resulted in steep losses on Wall Street. The ABS will release its May inflation data, which will be impacted by sharp falls in petrol and diesel prices. Follow live.
  
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• Live: Inflation eases as fuel prices come down, ASX higher

  23-06-2026 23:54 via abc.net.au
  
  Headline inflation has eased to an annual rate of 4 per cent in May, down from 4.2 per cent in April, according to the latest ABS data.
  The better-than-predicted figure comes after sharp falls in petrol and diesel prices.
  The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which has resulted in steep losses on Wall Street. Follow live.
  
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• Live: Headline inflation eases more than expected but RBA rate hike risk remains

  23-06-2026 23:54 via abc.net.au
  
  Headline inflation has eased to an annual rate of 4 per cent in May, down from 4.2 per cent in April, according to the latest ABS data.
  The better-than-predicted figure comes after sharp falls in petrol and diesel prices.
  The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which has resulted in steep losses on Wall Street. Follow live.
  
  Read more

• Live: ASX to rise ahead of inflation figures, despite Wall Street's tech sell-off

  23-06-2026 23:54 via abc.net.au
  
  The Australian share market is expected to rise despite a major sell-off across US tech, AI and semiconductor stocks, which resulted in steep losses on Wall Street. The ABS will release its May inflation data, which will be impacted by sharp falls in petrol and diesel prices. Follow live.
  
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• Live: ASX rises ahead of inflation figures despite Wall Street's tech sell-off

  23-06-2026 23:54 via abc.net.au
  
  The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which resulted in steep losses on Wall Street. The ABS will release its May inflation data, which will be impacted by sharp falls in petrol and diesel prices. Follow live.
  
  Read more

• Gold Coast company to launch rocket at 7 times the speed of sound

  23-06-2026 22:50 via abc.net.au
  
  Hypersonic rockets will be used to test Defence and science equipment in extreme conditions.
  
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• Half a billion litres of improperly treated sewage released into waterways

  23-06-2026 22:42 via abc.net.au
  
  More than half a billion litres of improperly treated sewage were released into the state's waterways in the 2024 to 2025 financial year, including at popular swimming spots such as Launceston's Cataract Gorge. 
  
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• Concerns raised over improperly treated sewage near Tasmanian swimming holes

  23-06-2026 22:42 via abc.net.au
  
  More than half a billion litres of improperly treated sewage were released into the state's waterways in the 2024 to 2025 financial year, including at popular swimming spots such as Launceston's Cataract Gorge. 
  
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• Why your power bill may rise despite the lower default market offer

  23-06-2026 21:06 via abc.net.au
  
  Some electricity users have been hit with higher charges, despite all the talk of the lower default market offers. Retailers say a rebalancing of supply and usage charges is the cause, but there are signs some are clawing back profit by raising their cheapest plans.
  
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• 'Confusopoly' blamed as power bill messages befuddle consumers

  23-06-2026 21:06 via abc.net.au
  
  Some electricity users have been hit with higher charges, despite all the talk of the lower default market offers. Retailers say a rebalancing of supply and usage charges is the cause, but there are signs some are clawing back profit by raising their cheapest plans.
  
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• 'Punched in the guts': Sacked academics take uni to Fair Work Commission

  23-06-2026 20:44 via abc.net.au
  
  Two senior academics from Macquarie University allege they were targeted for redundancy because of their union activity. 
  
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• Self-managed super sector blindsided by Labor–Greens deal on tax package

  23-06-2026 20:40 via abc.net.au
  
  A ban on self-managed super funds borrowing money to buy housing has blindsided the sector, which says Labor should instead target "unscrupulous" operators spruiking property as an investment.
  
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• Zero-visibility swamp dive uncovers water pipeline failure in major city

  23-06-2026 20:39 via abc.net.au
  
  A decades-old pipeline supplying water to nearly 1 million people in Papua New Guinea's capital is at risk of collapsing without urgent repairs, threatening to cut off more than half of the city's water supply.
  
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• Sinkhole near PNG's capital just one sign of water network crisis

  23-06-2026 20:39 via abc.net.au
  
  A decades-old pipeline supplying water to nearly 1 million people in Papua New Guinea's capital is at risk of collapsing without urgent repairs, threatening to cut off more than half of the city's water supply.
  
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• Port Moresby's water supply network showing 'signs of imminent failure'

  23-06-2026 20:39 via abc.net.au
  
  A decades-old pipeline supplying water to nearly 1 million people in Papua New Guinea's capital is at risk of collapsing without urgent repairs, threatening to cut off more than half of the city's water supply.
  
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• Woman left with more debt than car loan even after repossession

  23-06-2026 16:40 via abc.net.au
  
  A new report warns customers about traps they face when taking out a car loan, including high-interest rates and fees.
  
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• 'I get a lot of anxiety': Borrowers caught out with high-interest car loans

  23-06-2026 16:40 via abc.net.au
  
  A new report warns customers about traps they face when taking out a car loan, including high-interest rates and fees.
  
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• ASIC warns of 'extremely high' car loan fees amid rising complaints

  23-06-2026 16:40 via abc.net.au
  
  A new report warns customers about traps they face when taking out a car loan, including high interest rates and fees.  
  
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• Union passes 'no confidence' vote against SA's top cop and deputy

  23-06-2026 11:09 via abc.net.au
  
  South Australia's police union passes a vote of no confidence in the leadership of the police commissioner and his deputy, despite the top cop saying the move was "not reflective" of the feedback he received from officers.
  
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• SA pushes for AI data centres as industry says it's not asking for subsidies

  23-06-2026 07:12 via abc.net.au
  
  The South Australian government is pushing for the state to become home to billions of dollars' worth of artificial intelligence data centres, but says it will seek to regulate their water and energy use. 
  
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• Chihuahua Jet takes to the air as more pets allowed in cabin

  23-06-2026 06:58 via abc.net.au
  
  An Australian airline is allowing small cats and dogs on a range of flights, with other passengers appearing unconcerned about sharing the plane with furry creatures.
  
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