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A 76-year-old breast cancer survivor who paid $130,000 to Perth-based modular home builder Bella Modular has lost her retirement savings after the company abruptly ceased operations due to financial difficulties. The company's premises have been found stripped of assets, and a liquidator has been appointed to investigate potential insolvent trading.
The Australian government's 10-year bond yield has climbed to a 15-year high of 5.16 per cent, sparking concerns for borrowers and the broader economy as rising interest costs on public debt threaten government services and push up fixed mortgage rates.
The pace of price rises in UK shops rose to its highest level in two years in August, according to a trade body survey, with higher energy costs pushing up the price of food and AI chip demand making technology more expensive.
Bathla Group is set to be wound down after administrator Teneo conceded the struggling property developer cannot secure $20 million in emergency funding, leaving 2,000 homes under construction across New South Wales in jeopardy and 350 staff unpaid for eight weeks.
The Financial Conduct Authority (FCA) has launched a review of child trust fund providers, putting pressure on firms to do more to reunite savers with about 760,000 accounts worth more than £1.5bn in total. The average unclaimed pot is worth £2,000, according to the regulator.
The Australian Energy Regulator (AER) has rejected Transgrid's bid to recover a massive cost blowout on its part of Project Energy Connect, a $3.6 billion high-voltage transmission line linking South Australia with New South Wales, saying the company failed to demonstrate the overspend was unforeseeable.
Shares in fast-fashion giant Shein fell by almost 8% in their highly anticipated stock market debut on Tuesday in Hong Kong, following a long quest to go public after failed attempts to list in the United States and the United Kingdom.
Nvidia is expanding its influence in the AI chip market by licensing its high-speed NVLink Fusion interconnect technology to rival chip designers, including MediaTek, Amazon, Fujitsu, Qualcomm, Arm, and Marvell. The strategy allows these companies to build custom AI accelerators without developing their own scale-up networking, while Nvidia secures licensing fees and ongoing sales of its NVSwitch and other products.
India's commerce minister Piyush Goyal last week led the country's largest-ever business delegation to Japan, underscoring a deepening economic pivot as Japanese companies rapidly expand into Indian retail, banking and global capability centres amid mounting risks in China.
Ryan Breslow, the controversial co-founder and CEO of checkout startup Bolt, is raising a bridge round of up to $27 million from existing investors, structured as a convertible note with a punishing pay-to-play provision that threatens to dilute non-participating backers. Breslow personally committed $5 million to demonstrate his belief in the company, which once boasted an $11 billion valuation and now sits at $300 million.
Phil Schiller, Apple's long-serving head of the App Store and a 37-year veteran of the company, has stepped down from his role as the tech giant undergoes a leadership shakeup following CEO Tim Cook's announcement of his departure. Schiller will remain with Apple as an Apple Fellow, working on unspecified projects, while day-to-day App Store operations are handed to Carson Oliver, a 14-year Apple veteran. The App Store is also being moved from the marketing department to Apple's services division, led by Eddy Cue.
Clipto, a San Francisco-based startup that uses artificial intelligence to index and search video, audio, images and other files stored on a user's computer, has raised $15 million in an all-equity round at a $250 million post-money valuation. The company, which also has teams in Singapore and Hong Kong, says it has attracted more than 30 million users since its 2023 launch and reached $15 million in annual recurring revenue at the beginning of 2026, while remaining profitable on a net-income basis.
Today marks the first day of John Ternus's tenure as Apple CEO, succeeding Tim Cook who led the company for 15 years. Cook departed with a message to employees and will remain executive chairman.
The US Equal Employment Opportunity Commission has determined that Cisco, the global technology company, probably violated the civil rights of Middle Eastern, Muslim, and other employees who spoke up in support of Palestine, marking what is believed to be the first federal finding against a major company linked to pro-Palestinian advocacy in the workplace.
Australia's housing downturn deepened in August, with property data firm Cotality reporting a 0.9 per cent fall in its national Home Value Index — the fifth consecutive monthly decline — as rising interest rates and changes to housing tax policy weigh on demand across nearly all capital city markets.
A seven-storey office block in London’s financial district that appears normal from the outside is filled with stacks of black boxes rather than workers, and is at the centre of a court case that could shut down a £1bn tax avoidance loophole, The Guardian reports.
Star Entertainment has posted a staggering $307 million loss for the financial year, with its auditor raising fresh doubts about the company's ability to continue as a going concern. The result comes as the embattled casino operator awaits the outcome of a regulatory fine over repeated money laundering failures.
The ongoing trade war between the United States and Canada continues to escalate with no resolution in sight, as both nations impose retaliatory tariffs on key sectors. The US has levied tariffs on Canadian steel, aluminum, lumber, and automobiles, and recently added a 50% levy on approximately C$28 billion ($20 billion) of Canadian goods. Canada has responded with its own strategic, dollar-for-dollar counter-tariffs on American goods.
Australian Bureau of Statistics figures released today reveal $1.57 billion was spent on mineral exploration in Western Australia in the 2025-26 financial year, driven by record gold prices and surging demand for drilling services.
Grindr is betting that a pivot from hookup app to all-purpose platform for gay men — spanning healthcare, travel and a premium AI-powered subscription tier — will power its next phase of growth. Four years after CEO George Arison took over a company in disarray, revenue is on pace to roughly triple from $195 million in 2022 to more than $540 million this year, yet Arison says Wall Street still discounts the stock simply because it is a gay dating app.
The Australian share market is expected to open lower after Wall Street slid on Friday following Federal Reserve Chair Kevin Warsh's comments on inflation, while Commonwealth Bank and its subsidiaries have agreed to pay $249 million to settle a class action stemming from the 2018 banking royal commission.
The company that supplied fuel to Freedom Fuel Network — discount gas stations publicly praised by former President Donald Trump — is being sued for allegedly stealing nearly $4 million worth of gasoline. Mansfield Oil Company filed the lawsuit on August 19 in U.S. District Court in Eastern Pennsylvania, accusing KRSM and its president, Syed Kazmi, of taking 1.1 million gallons of fuel between May 21 and July 7 without paying for it.
Spanish startup Liux is banking on a sustainability-first approach to carve out a space in Europe's growing microcar market, a segment increasingly dominated by Chinese electric vehicles. Its upcoming model, the Liux Big, is small enough to park perpendicular to the curb but reflects what the company describes as oversized ambitions.
ChangXin Memory Technologies (CXMT), China's leading DRAM producer, has filed a lawsuit against the U.S. Department of Defense seeking to overturn its classification as a company linked to China's military. The company argues the Pentagon's decision lacked evidence, violated due process, and was based on a flawed 'military grade' claim originating from an unauthorized distributor. CXMT maintains its memory chips conform to commercial JEDEC standards and are not designed for military use.
German insurer Allianz is reportedly considering a £5bn takeover of the AA, the breakdown recovery company, with buyout firm EQT also said to be among potential bidders, according to Sky News.
Train drivers on a major UK route have secured a 3.6% pay rise, averting potential strike action on the busy London-Manchester line. The deal, agreed on Saturday between Avanti West Coast and the Associated Society of Locomotive Engineers and Firemen (Aslef) union, is the first to be approved by Prime Minister Andy Burnham's government.
Walmart has agreed to pay $50 million to settle a Justice Department lawsuit accusing the company’s pharmacies of fueling the opioid crisis by filling hundreds of thousands of illegal prescriptions for controlled substances, the DOJ announced Friday.
Hollywood celebrities are increasingly investing in microdrama apps — platforms offering short, scripted series designed for mobile viewing — as the format rapidly gains traction in the United States. Industry research firm Omdia estimates U.S. revenue from microdramas will reach $1.5 billion this year, fueled by apps like ReelShort, DramaBox, and TikTok’s PineDrama. Actor James Franco is among the latest notable names to get involved, according to a TechCrunch report.
Europe is heading into winter with gas storage at its lowest level in 13 years, prompting energy traders to warn of a 'winter panic' and raising the risk of heightened price volatility, especially in the UK.
A whistleblower letter tabled in federal parliament alleges former KPMG partner Philip Henry made unwanted sexual advances toward female staff and clients and received secret cash commissions for facilitating tax arrangements. The allegations are the latest to surface in a parliamentary inquiry examining how KPMG audit partners allegedly misused client data and mishandled a whistleblower complaint.
Nvidia has established a federal political action committee (PAC) funded by employee contributions, marking a significant expansion of its political operations amid growing regulatory scrutiny of the AI industry. The company told eligible employees that decisions by Congress in the coming years could have substantial consequences for AI and everyday use of the technology.
The London Science Museum has ended its decades-long partnership with BP, with campaigners describing the move as a 'seismic shift' following years of pressure to sever ties with the oil and gas company.
Federal Reserve Chair Kevin Warsh, in his first major speech on Friday, declared that the central bank's job is 'to deliver stable prices' and signaled it is not done fighting high inflation, a stance markets interpreted as a sign that interest rates may rise in the coming months despite persistent calls from President Donald Trump for rate cuts.
Micron Technology's operations in Taiwan may be disrupted by a strike, with a preliminary survey indicating 80% support among workers for labor action over bonus pay. The company's labor union is demanding the replacement of the current bonus system with a profit-sharing scheme similar to those at rivals SK hynix and Samsung, which have paid out bonuses worth hundreds of thousands of dollars amid the AI-driven memory chip shortage.
Andreessen Horowitz has launched a $1.1 billion “Machine Age” fund aimed at accelerating the physical infrastructure behind artificial intelligence, moving beyond the firm's traditional software focus to back chips, memory, data centers and robots.
Apple has increased prices on its older iPhone models by $100 following its September 9 "Surprise and shine" event, adding to a wave of subscription price hikes across its services. The iPhone 16, iPhone 17E, iPhone 17, and iPhone Air all saw $100 increases, with the iPhone 16 now starting at $799, up from $699. The move comes weeks after Apple raised the monthly cost of Apple TV from $12.99 to $14.99 and the Apple One bundle from $19.95 to $21.95.
Meta has announced new restrictions on how teenagers use Instagram, Facebook and WhatsApp — including a two-hour daily time limit, hidden like counts and a ban on extreme make-up filters — as part of an $18bn (£13.25bn) settlement with US states over social media's effects on children. Parents and teens who spoke to the BBC say the measures, while welcome, are unlikely to be enough.
The UK risks losing the AI race unless it tackles the monopoly power of Big Tech, according to a new report from the Institute for Public Policy Research (IPPR). The think tank warns that a handful of companies control the digital infrastructure critical to the UK economy, and that the government's competition watchdog has been too slow and timid to act.
Australia's commercial childcare sector is facing a deepening crisis, with operators scrambling to remain viable amid mounting losses, service closures, and plunging revenue that are leaving children and carers to pay the price, according to reports across major news outlets.
Woolworths has confirmed it will stop selling Tasmanian beef in both the state and mainland Australia from 2027, a decision cattle farmers have described as a devastating blow to the local industry.
NextDC, one of Australia's largest data centre operators, has announced its annual net profit reached $82.1 million, with shares climbing after the company revealed it expects to receive income from customers faster than previously anticipated. More significantly, the company’s chief executive stated that data centre construction times will be halved to just nine months, a move that could reshape the country's digital infrastructure landscape.
Corporate Travel Management (CTM) is refunding tens of millions of dollars to clients after an internal review revealed the company had failed to pass on margins and rebates from suppliers, including hotels and airlines. The Brisbane-based TMC (travel management company), which serves corporate clients worldwide, has not disclosed the exact number of affected customers or the total amount repaid, but the revelation has raised questions about oversight and transparency in the corporate travel sector.
A consortium led by payments giant Stripe and private equity firm Advent International has abandoned its pursuit of PayPal Holdings Inc., ending a months-long effort to acquire the digital payments pioneer in a deal valued at approximately $50 billion, according to people familiar with the matter. The decision, reported by Bloomberg, removes the prospect of what would have been the largest consolidation in the fintech sector.
CVS Lane, a private credit firm with substantial loans to collapsed property developer Bathla, has suspended investor redemptions, becoming the latest example of mounting stress in the private lending sector as defaults ripple through the market.
Canva, once the darling of Australia's startup scene, has endured its most challenging year as soaring AI infrastructure costs, a $10 billion valuation markdown, and the indefinite shelving of its IPO plans have combined to slash $10 billion from its worth, according to a detailed report by David Swan published across Nine newspapers.
A Queensland-based construction superannuation fund has failed the Australian Prudential Regulation Authority’s (APRA) annual performance test, marking the first such failure in three years and triggering an automatic halt to new member enrollments.
Meta has agreed to implement sweeping changes to how children interact with its platforms as part of a landmark $24 billion settlement, but CEO Mark Zuckerberg is reportedly preparing a contingency plan that would force competitors such as TikTok, Snapchat and YouTube to adopt similar measures, according to sources familiar with the strategy.
Virgin Australia has reported a sharp increase in profits, attributing the gains to its fuel hedging strategy that insulated the airline from the fuel price shock that hit the aviation industry in March, according to financial results released Thursday.