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live:Optus sued for allegedly failing to protect customers' data before cyber attack in 2022, ASX lower
The Australian Communications and Media Authority launches legal action against Optus for allegedly failing to protect its customers' data before it was hit with a cyber attack in 2022, while the local share market is trading lower. Follow live.
'Life is harder than it used to be' for young people, and this economist says that needs to change
Australia is at risk of "giving up on equity" if governments fail to reform housing and tax policies to improve the economic prospects of younger generations, according to Ross Garnaut, one of the country's most respected economists.
'Think carefully before you sign': Mia lost her family home after taking on a small business loan with $100,000 interest
More small business owners are falling prey to online "predatory" lenders offering them quick cash. Some business owners are in such extreme financial strife that they have been forced to sell their family home.
'World-leading' green iron facility to tap into nearby high-grade ore, green hydrogen development
Green iron is made with renewable energy sources that do not release carbon dioxide, instead releasing water, making it as decarbonised as possible. This week, a company announced plans to build a facility in Gladstone and mine ore nearby.
Power pain to ease as regulator hands down modest price relief
Embattled electricity consumers are set for modest relief after energy regulators cut benchmark power prices in most states.
'It's too late for me': Millions of Australians in limbo as $20,000 tax break bill stalls
Cafe owner Rachel Power says her hope of benefiting from a 2023 budget promise aimed at helping small businesses has been dashed, as the bill remains stuck in parliament.
The national strategy to break China's stranglehold on the global battery supply chain
More than half a billion dollars of federal government funds have been set aside to encourage production of batteries in Australia, but exactly how the scheme will work has not yet been figured out.
Young people are in economic crisis, and they're frustrated the government is 'tinkering around the edges'
Young Australians are experiencing an economic crisis that shows no signs of easing — and experts fear it will cause generational inequality to worsen without substantial reform.
Australians are draining their superannuation balances to pay for dental treatments at previously unseen levels
Tully Denahy's diseased teeth were ruining his life. So, like thousands of Australians, he emptied his super account to pay for new ones.
British PM Rishi Sunak calls snap general election for July 4
Britain's Conservative Prime Minister Rishi Sunak calls a surprise general election, triggering a six-week campaign with his government trailing the opposition Labour Party in the polls.
Whyalla mine workers face job losses as hematite nears depletion
Contractor Golding will slash at least 38 roles "as soon as practical" with "further reductions also expected", according to a memorandum leaked to the ABC.
Features
Analysis by David Taylor
analysis:Is the Telstra mass sacking a worrying sign of things to come?
Latest business news
Anglo American rejects $74b BHP takeover bid, leaving Queensland miners in limbo
The fate of thousands of Queensland coal miners and their communities is in limbo, with BHP given a week to come back to the table with a better offer.
Communications minister claims vindication after probe into mobile black spot funding
The federal opposition had accused Labor of buying votes with the $40 million program, but the probe finds the department was "largely effective" in awarding money.
Concern 'environmentally destructive' logging continues in slated national park despite ban
After celebrating the end of native forest logging in Victoria, conservationists say it continues under another name.
'No regrets': Owners of iconic Brisbane mansion reveal results of mammoth restoration
The mammoth task of restoring Lamb House to its previous brilliance went millions of dollars over budget and finished years after it was expected to. But, its owners say they have "no regrets".
The extra costs of home ownership that can come as a surprise
Paying a mortgage is just one part of home ownership. Here are some of the other expenses to factor in.
Business Analysis
Analysis by David Taylor
analysis:Is the Telstra mass sacking a worrying sign of things to come?
Whenever mass sackings are announced, like the one at Telstra, it's only natural to wonder if it's isolated to one firm or part of a growing trend within corporate Australia.
Analysis by Ian Verrender
analysis:The world is retreating from globalisation. What does it mean for us?
We've joined our global peers by embracing the new economic mood in pursuit of a Future Made in Australia. But it remains to be seen whether we've learnt anything from the successes and failures of globalisation over the past 30 years.
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A look back at the day's movement on the markets.
The Business
Stay up to date with the latest business, markets and economic news and insights as Australia and the world navigate turbulent financial times. Presented by Kirsten Aiken and Alicia Barry.
Close of Business
With a cost-of-living crisis, inflation and higher interest rates plus global economic headwinds, Rachel Pupazzoni looks at the week in business and finance.
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