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ASX to fall, US tech rout rattles markets
Australian shares are set to fall after a US tech rout driven by concerns about AI spending, while oil hits a five-month high. Follow the day's events and insights from our business reporters on the ABC News live markets blog.Â
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Raiding super to pay medical bills leaves trail of 'financial damage'
Australians withdrew more than $1.4 billion from their superannuation last financial year for medical reasons, prompting regulators to sound the alarm.Â
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Chalmers says investors feel good about Australia despite gloom at home
Treasurer Jim Chalmers hails positive news for business investment, despite domestic gloom over inflation and productivity.
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Snowy 2.0 to cost 12 times more than initial budget with further delays
Australia's biggest renewable energy project, which has faced financial and timeline challenges since its inception, could now cost $25 billion and is expected to be delivered in late 2029.Â
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Affordable home scheme went from 'blessing' to 'disaster', buyers say
Buyers of properties in this Canberra suburb say they have been left stranded as they grapple with incomplete works while locked in contractual disputes with the builder.
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KPMG ban on government work extended after 'serious ethical failings'
The federal government extends its ban on KPMG bidding for new government work until at least the end of February, following allegations its audit partners misused client data then mishandled a whistleblower's complaint.
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Mum and son offered to repay Alan Jones after being 'berated', trial hears
The complainant first contacted Mr Jones when he was 13 years old, asking for help for his struggling single mother.
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Mother trapped in 'web of dependency' with Alan Jones, court hears
The complainant first contacted Mr Jones when he was 13 years old, asking for help for his struggling single mother.
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Alan Jones 'berated' boy's mother over money, court told
The complainant first contacted Mr Jones when he was 13 years old, asking for help for his struggling single mother.
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Pumped hydro project scrapped after developer deems it unviable
Alinta Energy has withdrawn plans for the $1.8 billion Oven Mountain pumped hydro energy storage in northern NSW, blaming economic challenges.
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Staff say jobs are moving offshore as NAB sheds workers
NAB workers say the writing was on the wall regarding mass redundancies as the major bank pushes towards an offshore workforce and the uptake of AI.Â
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NAB staff speak out after mass job cuts revealed
NAB workers say the writing was on the wall regarding mass redundancies as the major bank pushes towards an offshore workforce and the uptake of AI.Â
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Mine on tropical island plans to pump pit water into ocean
The $100 million plan has approval from the NT government and local traditional owners, and comes as financial challenges mount at the mine.
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Calls for rent cap to stop WA's spiralling rental market
Housing advocacy groups say research shows a statewide rental cap could save tenants an average of $33,000 over the next five years.
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Another bank announces job cuts — as it happened
The share market closes lower after Wall Street surges. Meta raises the lower end of its spending forecast to fund its AI expansion. Look back at the day's financial news on our business blog.
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Underpaid super affects one in four workers, with billions never recovered
One in four Australian workers have been underpaid their super — many, along with industry experts, are calling on the tax office to be more "proactive" in addressing the billions that goes unrecovered each year.
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One in four workers underpaid super, with only 15pc recovered by ATO
One in four Australian workers have been underpaid their super — many, along with industry experts, are calling on the tax office to be more "proactive" in addressing the billions that goes unrecovered each year.
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ATO criticised for not tackling underpaid super affecting millions of workers
One in four Australian workers have been underpaid their super. Many of them, along with industry experts, are calling on the tax office to be more proactive in addressing the billions that go unrecovered each year.
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ATO criticised for 'not going in to bat' for millions of Australians underpaid super
One in four Australian workers have been underpaid their super — many, along with industry experts, are calling on the tax office to be more "proactive" in addressing the billions that goes unrecovered each year.
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Sydney's new metro line has a launch date
Commuters will be able to cut down on travel time, with the service connecting the south-western suburbs to the Sydney CBD, north-Sydney and the north-western suburbs.
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Sydney Southwest Metro set to open after 130yo train line replaced
Commuters will be able to cut down on travel time, with the service connecting the south-western suburbs to the Sydney CBD, north-Sydney and the north-western suburbs.
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NSW reveals opening date of long-awaited Southwest Metro line
Commuters will be able to cut down on travel time, with the service connecting the south-western suburbs to the Sydney CBD, north-Sydney and the north-western suburbs.
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Will an AI-cloned free tool spell the end of expensive software?
Software developers say they can use AI to "take back the internet" in what some are calling the dawn of a new era in online piracy. Here's why.
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Could software cloning change the way we use the internet?
Software developers say they can use AI to "take back the internet" in what some are calling the dawn of a new era in online piracy. Here's why.
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Vodafone says 24 million scam calls came via one little-known company
Vodafone's owner TPG says it was forced to speak publicly about its frustration over scam calls after reports to the regulator were not addressed.
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Vodafone says 24 million scam calls came via Aussie Broadband
Vodafone's owner TPG says it was forced to speak publicly about its frustration over scam calls after reports to the regulator were not addressed.
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Telco goes public over scam calls it says flowed through rival network
Vodafone's owner TPG says it was forced to speak publicly about its frustration over scam calls after reports to the regulator were not addressed.
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Supercharged fire seasons now threaten half Australia's homes: report
With a strong El Niño summer looming, modelling reveals fire seasons are 21 per cent longer than they were 50 years ago, cause $6b in damage a year, and 5.6 million homes are at risk.
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Longer fire seasons mean almost half of Australian homes face bushfire risks
With a strong El Niño summer looming, modelling reveals fire seasons are 21 per cent longer than they were 50 years ago, cause $6b in damage a year, and 5.6 million homes are at risk.
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Bushfires cost Australia $6b a year as El Niño summer looms, report finds
With a strong El Niño summer looming, modelling reveals fire seasons are 21 per cent longer than they were 50 years ago, cause $6b in damage a year, and 5.6 million homes are at risk.
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OpenAI says its AI agents disabled their own safety monitors
The agents weakened or disabled systems designed to catch them misbehaving, and one later denying it had done so.
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OpenAI says its agents disabled their own safety monitors
The agents weakened or disabled systems designed to catch them misbehaving, and one later denying it had done so.
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House prices across capitals post steepest quarterly decline ever: Domain
For only the second time ever, house prices have fallen across all Australian capital cities, falling by 4.7 per cent last quarter, the steepest drop on record.
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House prices across capitals post steepest quarterly decline ever
For only the second time ever, house prices have fallen across all Australian capital cities, falling by 4.7 per cent last quarter, the steepest drop on record.
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E-scooter hospitalisations more than tripled since 2019
A report from the Australian Institute of Health and Welfare (AIHW) has found e-scooter hospitalisations have more than tripled since 2019.
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E-scooter hospitalisations more than triple since 2019
A report from the Australian Institute of Health and Welfare (AIHW) has found e-scooter hospitalisations have more than tripled since 2019.
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Data centre gas plant could be mothballed after two years, court told
Developers behind a proposed $23 million gas-powered power plant required for a data centre have told a court they want the project to be powered by the grid as soon as possible.
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Plans for commercial helium production on Yorke Peninsula
The region is expected to become Australia's only helium production site within 18 months, helping address a global shortage of the rare and vital gas.
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Childcare chain collapses amid wave of closures
Shared Beginnings entered administration this week after its centres operated "at a loss", casting another shadow on a sector undergoing a wave of closures.
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Childcare chain collapse highlights private credit risks
Shared Beginnings entered administration this week after its centres operated "at a loss", casting another shadow on a sector undergoing a wave of closures.
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Fortescue senior executive sacked after sexual harassment probe
A senior executive at Andrew Forrest's Fortescue Metals Group has been sacked following an investigation into allegations of sexual harassment and bullying at the iron ore miner.
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McDonald's bid for Phillip Island restaurant knocked back by council
A council in Victoria's south-east has rejected an application from fast food giant McDonald's to open a restaurant on Phillip Island.
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AI data centre company cold calling about buying land, inquiry told
Consultants for an AI data centre company have been cold calling residents in north-west Tasmania wanting to buy their land, the Greens say.
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Last drinks for Boag's as final Tasmanian beers roll off production line
The Tasmanian brewery has been operating longer than the state has had electricity, but now, the state icon will be brewed elsewhere.
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Tech giant shares plunge 40pc after delays to Melbourne data centre
Community opposition to one of Victoria's largest data centres has seen the value of shares in NextDC plummet.
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RBA deputy warns inflation outlook 'materially worse' as next decision looms
As markets put the chance of a rate hike in November at 42 per cent, Reserve Bank deputy governor Andrew Hauser warns of a "central banker's nightmare".
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ASX gains ground, NextDC shares plunge — as it happened
Shares in data centre operator NextDC plummeted over 40 per cent after returning to trade following a suspension. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
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Weighing up if a trip from Sydney's new airport is for you
The doors to Western Sydney International Airport are set to soon welcome commercial passengers.
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Travellers weigh up the cost to get to Sydney's new airport opening this week
The doors to Western Sydney International Airport are set to soon welcome commercial passengers.
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Transport costs to Sydney's new airport: Is it worth it for you?
The doors to Western Sydney International Airport are set to soon welcome commercial passengers.
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