Section
Australian and global economic indicators, ASX market movements, corporate earnings and trade developments. Summaries updated every two hours.
Business news covering the Australian economy, ASX market movements, corporate earnings and trade developments. This section tracks GDP figures, employment data, Reserve Bank commentary, major mergers and acquisitions, and the performance of Australian companies on the global stage. From mining and agriculture to banking and retail, our summaries provide a quick snapshot of the economic forces shaping Australian prosperity.
Energy companies and governments are actively seeking new oil supply routes to mitigate potential disruptions from Iran. However, some experts argue that the more effective solution lies in reducing overall oil dependency through alternative energy sources and technologies.
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Despite the World Cup being labelled the most expensive sporting event ever, many Australians are making last-minute trips to attend the final. High ticket prices and travel costs have not deterred fans eager to witness the event live. The final is set for July 19, 2026.
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Investigators in Ukraine recover crucial surveillance footage related to the attempted assassination of businessman Vadym Iermolaiev in Monaco. Prosecutor General Ruslan Kravchenko states that the footage, which suspects tried to destroy, is vital for confirming the alleged contract killing. The camera was positioned near the crime scene.
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Inflation continues to outpace salary increases, making recent pay rises feel inadequate for many workers. With ongoing economic pressures, the cost of living remains high, leaving little hope for relief in the near future. This situation affects the purchasing power of households across the country.
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A family home in Beauty Point showcases a contemporary take on brutalism, featuring off-formed concrete walls and robust steel materials. The design incorporates elements reminiscent of the 1970s, blending modern aesthetics with historical influences.
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Jeff Bezos, the founder of Amazon, is spotted in Coogee, enjoying the views and dining with his wife, Lauren Sanchez Bezos. The sighting has sparked speculation about his visit to Sydney. Observers noted his resemblance to the billionaire, raising questions about his presence.
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Luca Catalano, 25, becomes a director at Australian Community Media, joining his brother Jordan. This follows their father stepping down amid domestic violence allegations. The brothers now oversee the regional media empire previously led by their father.
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A chauffeur who was dismissed at 65, despite agreeing to retire at that age, is awarded $40,000 for age discrimination. The case underscores the application of Australia's unfair dismissal and anti-discrimination laws. The decision highlights that agreements on retirement age do not exempt employers from compliance with these laws.
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Aguia Resources reports its highest gold grades at the Santa Barbara project in Colombia, with channel samples revealing an impressive 128.5 grams per tonne (g/t) of gold. This discovery marks a significant milestone for the company as it continues exploration efforts in the region.
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H3 Energy reports that reprocessing legacy seismic data has significantly improved its exploration efforts at the Warro gas field in Western Australia. This advancement enhances the company's ability to identify new hydrocarbon potential and deeper targets in the region.
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Critical Resources confirms highly fertile lithium pegmatites at Mavis Lake, refining drill targets for resource expansion in Canada. The latest geochemistry results enhance prospects for lithium extraction, positioning the company for potential growth in the sector.
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Telstra admits that a software update was not applied to the device that caused a major outage, as stated in a submission before a Senate hearing. The company acknowledges that its controls were insufficient to prevent the incident, which affected numerous customers.
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Millie Muroi visits a new Medicare urgent care clinic in Perth after injuring her ankle. After four hours, she receives an unexpected prognosis and leaves satisfied with the care provided. This experience highlights the growing accessibility and effectiveness of urgent care services in Australia.
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Trump's company plans to sell expedited access to market-sensitive posts from Truth Social, enabling Wall Street firms to receive news in milliseconds. This move raises concerns about potential corruption and the impact on stock, bond, and interest rate trading. Critics argue it could undermine market integrity.
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ASX is expected to decline as a slump in AI-related stocks impacts global markets. Computer chipmakers, previously benefiting from the AI boom, are experiencing significant losses, contributing to the downward trend in stock prices. This situation reflects broader concerns about the sustainability of the AI market's growth.
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Dealing with a consistently negative colleague can impact your workplace morale. Strategies to improve the situation include fostering open communication, offering support, and encouraging positive interactions. Implementing these approaches may help create a more uplifting work environment.
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Workplace overwork is increasingly recognised as a significant psychosocial hazard, contributing to burnout among employees. Experts highlight the need to address this issue, as normalising overwork can lead to severe mental and physical health consequences. Strategies for prevention and support are essential to combat this growing concern.
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Billionaire Gina Rinehart's media monitoring raises questions about her commitment to freedom of speech, as even niche journalists report receiving complaints from her. Despite her public persona as a free speech advocate, these actions suggest a more complex relationship with media expression.
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ABC chair Kim Williams engages in a tough interview with Sky News host Chris Kenny, showcasing his commitment to defending the ABC's values. Despite the challenging environment, Williams remains firm and does not concede any ground during the discussion. This encounter highlights the ongoing tensions between public broadcasting and commercial media.
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A major Australian mining company informs staff that hiring will be restricted if artificial intelligence can perform the tasks. This decision reflects a growing trend among companies to reduce their workforce in favour of AI technologies. The shift highlights the increasing capabilities of AI in various industries.
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Foxtel increases subscription prices by 10 days after securing a record $5.3 billion NRL rights deal. The pay television company will cover the majority of the costs associated with the new broadcasting agreement, which aims to enhance its sports offerings.
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Australians are more likely to call in sick than workers in other countries, which has various benefits for individuals and workplaces. This trend promotes better mental health and productivity, contributing positively to community well-being. Experts suggest that taking sick leave should be embraced rather than frowned upon.
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ClearVue Technologies appoints Professor Rebecca Yang, a leading expert in building-integrated photovoltaics, to its board. This move aims to enhance the company's push to market its solar glass technology globally.
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China's economy faces faltering growth and export challenges due to rising protectionism. In response, Beijing is shifting its focus towards leveraging its vast consumer base to stimulate economic growth. This strategy marks a significant change in China's approach to economic development.
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Investors have injected $3.5 billion into 56 equity deals over a two-week span, focusing on companies like Megaport, Forrestania, and KGL Resources. This surge in capital raising highlights a busy period for the Australian equity market.
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US stocks rise following strong profit reports from BlackRock and other major companies, alongside updates on inflation trends. This positive momentum is expected to influence the ASX, which is set to edge up in response to the Wall Street gains and fluctuating oil prices.
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Labor warns the oil and gas sector of a potential emergency offshore clean-up levy to cover a $200 million bill. The government states it will act decisively if necessary, signalling a strong stance on environmental responsibility. This announcement comes amid ongoing concerns about offshore pollution management.
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China's economy grows by 4.3% in the second quarter of 2026, falling short of the government's target of 4.5% to 5%. This marks one of the lowest quarterly growth rates since the early 1990s, raising concerns about the country's economic stability.
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China's electric vehicle market experiences rapid growth, leading to an oversaturation of carmakers. This unexpected boom raises concerns for Beijing as the industry faces potential instability and competition challenges. The situation highlights the unintended consequences of aggressive government policies in the EV sector.
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Divine Playhouse, a former church turned LGBTQ+ arts venue, is considering legal action after its landlord ordered it to cease operations, citing 'offensive trade'. This notice follows protests from religious groups during the venue's opening night, leading to potential eviction and the cancellation of planned events.
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