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Business news from Australia and around the world: companies, deals, earnings, regulation and the people running them.
1813 articles · page 23 of 38
Tassal will begin individually injecting diseased salmon in Tasmanian waters with an antibiotic this week, a practice the Canadian-owned company says is new for the state, as it responds to a bacterial outbreak that has killed thousands of tonnes of farmed fish.
Tesla and some of Australia's largest power companies have united to fight a controversial plan that would allow monopoly grid owners to build public EV chargers and recover most of the cost through higher electricity bills for all households. In a joint letter to local authorities, the electric car giant and more than a dozen industry players including AGL, EnergyAustralia, Engie and private charge-point operator Evie Networks said the decision risked saddling households with higher costs for uncertain benefits.
Finnish regulators have ordered Google to cease preparatory work at two planned data centre sites in Muhos and Kajaani, after the company cleared hundreds of hectares of forest without first completing a required environmental impact assessment.
Sainsbury's and Morrisons have abandoned merger talks that could have created a combined supermarket group with a 23.6 percent share of the UK grocery market, leaving analysts to question whether the deal could have survived regulatory scrutiny from the Competition and Markets Authority.
Rising bond yields are battering dividend-paying stocks, particularly utilities and real estate, as the 10-year U.S. Treasury yield climbs to levels not seen in decades, creating anxiety for baby boomer retirees who depend on those payouts for income.
Undersea explorers and industry experts are questioning whether the emerging deep-sea mining industry can live up to its billion-dollar promise, warning that early investors and equipment makers may be the only ones to profit as governments race to secure critical minerals from the ocean floor.
Furientis, a defense startup just one year old, has raised a $25 million seed round led by Silicon Valley venture firm Benchmark to mass-produce low-cost interceptor missiles. The company already holds a funded Pentagon contract and aims to help address a critical shortage in U.S. missile inventory, offering a cheaper alternative to traditional interceptors by using readily available components and rapid manufacturing cycles.
UBS CEO Sergio Ermotti has warned that France must implement 'hard measures' to address its deepening debt crisis, cautioning that small, incremental changes will not be sufficient to resolve the nation's fiscal problems. Speaking to CNBC, Ermotti compared the current turmoil to the eurozone sovereign debt crisis of 2011, noting that France's large economy makes its situation particularly challenging.
British Airways has announced plans to reconfigure its Airbus A380 fleet with a 106-seat business class cabin, the largest of its kind, as part of a broader multi-billion dollar investment in premium travel and ground services at London Heathrow. The changes will see standard economy seats cut by nearly a third on the double-decker jets.
Chinese AI startup DeepSeek is considering expanding its latest funding round to as much as 100 billion yuan (about US$14.9 billion), double its earlier target, according to people familiar with the matter. The company has drawn strong interest from state-backed funds, corporate investors and venture capital firms, and secures a reported valuation target of about 500 billion yuan.
Amazon announced Tuesday that Prime Video will become the exclusive home of the Emmy Awards from 2027, in a six-year deal that will stream the ceremony live and free in more than 240 countries and territories, including for viewers without an Amazon Prime subscription.
A federal judge has ordered Apple to pay an additional $184 million in interest on a $634 million patent infringement verdict won by health technology company Masimo, bringing the total owed to more than $818 million. The ruling relates to Apple's use of Masimo's patented low-power pulse oximeter technology in certain Apple Watch models.
Uber has announced the acquisition of ezCater, a leading U.S. platform for corporate catering and workplace meals, in an all-cash transaction valued at $2.3 billion. The deal marks the latest strategic expansion of Uber Eats as the company moves beyond individual food delivery into the large-scale business catering market.
The US trade deficit widened sharply to $105.6 billion in August, the steepest gap since the all-time record in March 2025 just before President Donald Trump's "liberation day" tariff announcement, the Commerce Department reported Tuesday. Imports swelled 4.3% for the month, driven by artificial intelligence infrastructure build-out and the impact of import tariffs.
President Donald Trump will announce a $US6.6 billion ($9.5 billion) investment in a new shipyard in Baltimore to produce components for the Virginia-class submarine, the same vessel Australia is due to acquire under the AUKUS pact. The facility, to be built by defense tech company Anduril Industries at Sparrows Point, aims to ramp up lagging US submarine production, though officials declined to say whether it would help fulfill US obligations to Australia under the trilateral security agreement.
An insurance fraudster who pocketed more than £14,000 by falsely claiming the theft of collectible Lego sets, fishing gear and gaming consoles has been jailed for 28 months, as new figures show the Association of British Insurers (ABI) uncovered £1.34bn of fraud in 2025 – a 14% increase from the previous year.
Type One Energy, a Knoxville, Tennessee-based fusion startup founded in 2019, has raised $200 million in a Series B round to fund development of a 400-megawatt commercial fusion power plant it aims to bring online by 2034. The company plans to act as an integrator, designing plants and buying components from a network of suppliers rather than building them in-house, a strategy its chief executive says will require 'a different order of magnitude' less capital than vertically integrated rivals.
Google has signed a landmark 20-year power purchase agreement with Constellation Energy for 3,590 megawatts of electricity, backed by more than $4.3 billion in investment to upgrade existing nuclear reactors across the Midwest and Mid-Atlantic. The deal, announced Tuesday, represents the largest power contract in PJM Interconnection, the nation's biggest electric grid, and marks the latest effort by a major tech company to secure reliable, carbon-free energy for expanding data centers.
SpaceX shares rallied 8 per cent to $171 on Monday, reclaiming their initial public offering price and pushing the rocket maker's market value higher as options volume surged to twice the 30-day average. The gains come as Morgan Stanley reiterated a $300 price target and the company set a new record for delivering astronauts to the International Space Station.
Private data center construction spending has reached a record annual pace of $84.95 billion, up 73% year over year, according to the US Census Bureau's construction spending tables for August. The growth is the fastest since April 2025's 88.2% jump, and data center buildouts now account for roughly 63% of all private office construction.
Qualcomm will pay Huawei for patent rights for the first time under a broad cross-licensing agreement announced this week, marking a turnaround from a two-decade relationship in which Huawei had always been the licensee. The deal covers 5G, AI, compute and networking patents, and includes Qualcomm's purchase of select Huawei US patents, subject to regulatory approval.
US households are paying 62% more for drinking water than a decade ago, with increases outpacing inflation, grocery prices and household incomes, according to a new study by the nonprofit Food & Water Watch.
American investment firm Ariel Investments, a major shareholder in toymaker Mattel, has called on the company's board to consider a sale, citing stagnating growth and buyer interest. The push follows reports that brand licensing firm Authentic Brands expressed takeover interest at about $6 billion.
Paramount Skydance has closed its $US110 billion ($157.5 billion) acquisition of Warner Bros. Discovery, creating one of the world's largest media conglomerates. The new company, named Skydance, will merge HBO Max and Paramount Plus into a single streaming service over time, it confirmed on Tuesday.
A planned datacentre at Drax's North Yorkshire biomass power station could produce nearly double the annual carbon emissions of all flights out of Gatwick airport, according to an analysis by the Natural Resources Defense Council (NRDC). The campaign group estimates the 1.2GW facility, designed to serve growing AI demand, would burn 4.9 million tonnes of wood a year and emit 8.6 million tonnes of CO2 annually.
Ofcom has launched an investigation into whether Meta breached the UK's Online Safety Act by failing to carry out adequate risk assessments before launching the Instants feature on Instagram, which allows users to take and share images that disappear once viewed.
KPMG UK has offered staff facing redundancy £100 to waive their legal rights to appeal or bring claims over their dismissal, according to sources. The move, set against the backdrop of around 200 job cuts across the firm's AI, Cyber, SAP, and Testing teams, has been described by staff as "arrogant and disgraceful".
Queensland's CFMEU inquiry head, Stuart Wood, has accused a manager on Brisbane's Cross River Rail project of "deliberately withholding evidence" about a violent brawl at the Dutton Park station site on May 1, 2024, as hearings resumed after a more than month-long hiatus.
Informa, the FTSE 100 events and publishing group, has agreed a £2.24bn deal to buy the London-based events organiser Clarion from the private equity firm Blackstone, adding more than 100 shows ranging from a major defence exhibition to comic book conventions.
Firmus, a seven-year-old Australian company building specialised cooling infrastructure for AI chips, is set to list on the Australian Securities Exchange this month with a targeted valuation of about $44 billion, placing it just behind retail giant Woolworths. The company, which operates a factory in the Canberra suburb of Hume producing large white metal enclosures called 'HyperCubes', aims to contract its high-efficiency AI infrastructure to major technology firms including Meta.
One of the UK's biggest oil refineries breached environmental permit conditions 58 times in 2023 and 2024, spilling toxic chemicals and oil into local rivers, the Mersey Estuary and groundwater, documents shared exclusively with the BBC reveal.
The euro has extended last week's decline, falling further as French debt fears and political uncertainty in Europe weigh on the currency. The French central bank chief has warned the country risks being 'strangled by interest rates,' according to The Guardian.
Australian households are the most persistently pessimistic they have been since the early 1990s recession following the Reserve Bank of Australia's fourth rate rise of the year, with consumer confidence plunging about 20 percent since the RBA lifted interest rates to the highest levels since 2011.
Aguia Resources has achieved a milestone at its Santa Barbara gold project in Colombia, with record September production covering the operation’s local costs for the first time, company managing director Timothy Hosking said.
Barkly Rare Earths has reported that 43 of 44 drill holes from its phase one campaign at its Northern Territory namesake project returned significant rare earth intercepts, with shallow high-grade mineralisation confirmed across a 23-kilometre area. The company said magnet rare earth oxides (MREO) made up 29-39 per cent of total rare earth oxides, consistent with the ratio of the existing inferred mineral resource.
The federal government could buy hundreds of Coles and Woolworths stores and establish a publicly owned supermarket chain under a $25.1 billion proposal developed by the Greens-aligned Green Institute. The plan, welcomed by Greens leader David Shoebridge, would create a chain called Fair Go Grocers designed to compete directly with the major supermarkets and drive down grocery prices.
Queensland Rail chief executive Katarzyna Stapleton has told staff she will leave the job next year, choosing not to extend her appointment which was due to finish in April 2027.
Manhattan Gold Corporation has reported a significant polymetallic discovery at its Hook Lake project in Nunavut, Canada, with the first drill holes at the Spectre prospect returning high grades of copper, gold, silver and zinc, potentially confirming a new volcanogenic massive sulphide (VMS) system.
Flagship Minerals has secured three new mineral claims in British Columbia that more than double its Whipsaw copper tenure, capitalising on a provincial push to fast-track mining approvals and near-record copper prices.
CDC Data Centres has abandoned its partnership with Firmus Technologies for a planned $73.3 billion artificial intelligence data centre rollout across Australia, with only a tiny fraction of the project delivered, according to reports. The collapse comes just 12 months after the deal was announced and as Firmus prepares for a potential $44 billion initial public offering on the ASX.
Ruslan Kogan, the multimillionaire founder of online retailer kogan.com, chose an unconventional venue for the time-honoured 'Lunch With' interview: his mother Irene's dining table in Melbourne.
France has become the flashpoint for a potential European and global financial crisis, with bond yields soaring and investors coining a new term – 'FROGS', short for French Oversized Government and Social Security – to describe the country's precarious fiscal position. The spread between French and German government bond yields has widened to levels not seen since the region's debt crisis a decade and a half ago.
Great Southern Mining has released new assay results from its Golden Boulder prospect in Western Australia’s Duketon Belt, with high-grade gold intervals including 4 metres at 11.38 grams per tonne (g/t) from 45 metres, containing 1 metre at 29.71 g/t. The results come from the company’s ongoing 14,000-metre reverse-circulation drilling program and have extended known mineralisation by up to 50 metres down-dip.
McLaren Minerals has reported broad, high-grade heavy mineral intercepts from surface at its McLaren titanium project in the western Eucla basin of Western Australia, with 93 per cent of the latest 57 drill holes returning at least 15 metres of mineralisation. The results support the company's push to expand and upgrade its existing 529-million-tonne resource.
Lynas Rare Earths has launched a $968 million all-scrip takeover of Meteoric Resources, acquiring the Caldeira rare earths project in Brazil in a move that analysts say validates a strategic pivot away from capital-intensive hard-rock processing toward simpler, low-cost ionic clay deposits.
Schneider Electric has announced its largest ever acquisition, a $22.6 billion all-cash deal for American industrial software company PTC. The move solidifies the French multinational's bet on the AI datacenter boom, adding computer-aided design and lifecycle management tools to a portfolio that already includes liquid cooling and industrial data operations.
Starbucks has opened two stores in Xinjiang's capital Urumqi, a move that has drawn sharp criticism from U.S. lawmakers who accuse the coffee chain of supporting Chinese government policies in a region where human rights abuses have been alleged. The stores were opened by the venture that now controls Starbucks' China operations after the company sold a 60% controlling stake to Hong Kong-based private equity firm Boyu Capital in April.
Beetaloo Energy Australia has won a 25 per cent interest in an emerging Queensland oil and gas play for no upfront cost, adding a liquids-focused asset to its Northern Territory gas portfolio.