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Business news from Australia and around the world: companies, deals, earnings, regulation and the people running them.
1807 articles · page 4 of 38
Australian publishers are grappling with an influx of AI-generated submissions, prompting a push for human-authored certification schemes and government-mandated disclosure of AI use in books, even as detection tools themselves come under scrutiny for generating false accusations against human writers.
Apple TV has released the trailer for its upcoming original film “Way of the Warrior Kid,” starring Chris Pratt. The movie will premiere globally on the platform on November 25.
Robinhood's prediction-market business overtook crypto trading as its second-largest source of transaction revenue in the third quarter, while total revenue and profit fell short of analyst forecasts and shares slid in after-hours trading.
NRMA Insurance overcharged an estimated 41,564 New South Wales motorists about $12.17 million on their compulsory third party (CTP) green slip premiums after applying incorrect risk ratings to the districts where vehicles were garaged, and the state regulator has imposed a $479,500 penalty for the mistake and seven other contraventions.
California Governor Gavin Newsom has vetoed a bill that would have required prominent recording indicators on wearable devices sold in the state from 2028, arguing the rules could inadvertently cover everyday devices like smartwatches and overlap with existing privacy protections.
Re:Build, the Massachusetts-based manufacturing accelerator that spun out electric vehicle startup Slate Auto, has raised $2.1 billion to expand its capacity to manufacture hard-tech products and launch new industrial startups, the company announced Tuesday.
Dallas-based investment firm Disruptive has raised a $10 billion fund to back at least 10 late-stage companies, with individual investments of up to $1 billion, it announced Tuesday. The fund, one of the biggest raised so far this year, is aimed at the capital-intensive fields of artificial intelligence and defense.
The federal government seized and sold Anthropic shares belonging to Caroline Ellison and Nishad Singh, two associates of convicted crypto fraudster Sam Bankman-Fried, but it remains unclear whether the proceeds, potentially worth billions, will be distributed to victims of the FTX collapse or retained by the Justice Department.
The Scottish government has granted consent for a new gas-fired power station at Peterhead, a decision environmental campaigners have branded a "catastrophic failure" and an act of "climate hypocrisy".
Borrowers who took out low-documentation home loans are falling behind on repayments at a faster rate than the broader mortgage market, with arrears on low-doc loans rising to 4.9% in the June 2026 quarter, according to Australian Prudential Regulation Authority data analysed by Canstar. Overall mortgage arrears have remained steady at 1.0% over the same period.
Chirayu Rana, the former JPMorgan banker who accused a female executive of forcing him to become her 'sex slave,' faces further setbacks as the bank asks a federal judge to dismiss the case, citing his sister's recanted testimony and a third law firm's attempt to withdraw from representing him.
Amazon has told its software engineers to stop "tokenmaxxing," warning in updated guidelines posted Tuesday that heavy AI usage is not proof of good work and that engineers should be judged on long-term outcomes rather than metrics such as token consumption and code changes. The guidance, which circulated internally in September before publication, follows the shutdown of an internal AI leaderboard in May after employees were found gaming it.
Major US airlines have raised fares sharply as jet fuel prices rose more than 90 per cent since the start of the Iran war, with carriers deliberately accepting emptier planes in exchange for higher revenue per passenger. Airfares climbed 22.4 per cent year over year, according to the Bureau of Labor Statistics, while the five largest US airlines generated nearly $8.8 billion more in passenger revenue in the third quarter of 2026, an 18 per cent increase, but passenger traffic grew less than 1 per cent.
The Western Force is set to receive a multimillion-dollar funding boost from the Western Australian government and its departing billionaire owner, Andrew Forrest, but the club has also confirmed significant staff redundancies as it transitions to a not-for-profit structure.
Households across the UK can now apply for interest-free or low-interest loans of up to £35,000 to fund low-carbon home upgrades such as heat pumps, solar panels and batteries, under a new government-backed scheme launched on Tuesday. The Warm Home Loans scheme could save households up to £550 a year on energy bills, rising by a further £300 with a time-of-use tariff, according to the government.
The Reserve Bank is likely to raise interest rates for the fifth time this year on Melbourne Cup Day, according to Sydney Morning Herald economics editor Ross Gittins, who argues that the Albanese government should not bear sole blame for the inflationary pressure that is driving the rate rises.
A New Mexico judge has ordered Meta to pay $25 billion to resolve claims that the company misled users about the 2018 Cambridge Analytica scandal and related incidents, a sum that dwarfs the $17 billion settlement Meta reached with most other US states earlier this year.
Oracle on Tuesday announced an expanded collaboration with OpenAI, integrating ChatGPT and Codex into its database applications, and said it will make Google's tensor processing unit and OpenAI's Jalapeño chip available on its cloud infrastructure.
TSMC is reportedly considering raising prices for its Chip on Wafer on Substrate (CoWoS) advanced packaging technology by as much as 20%, according to Trendforce, citing supply chain sources and local media. The increase, driven by strained capacity amid surging AI demand and longer delivery times for chipmaking tools, would mark a significant shift in the cost structure of AI hardware.
The UK Debt Management Office has issued nearly £4.5 billion in five-year gilts at a yield of 5.04 per cent, the highest annual payment since the global financial crisis, on the eve of Chancellor John Healey's first Budget. The sale underscores the constrained fiscal headroom facing the government, which now spends over £115 billion a year servicing its debts.
Rohit Patel, a director at Meta's Superintelligence Labs, has left the company after eight years to found Ndoc, an AI-native productivity suite he hopes will unseat Microsoft Office and Google Workspace by offering a transparent, all-in-one alternative.
United Parcel Service on Tuesday reported third-quarter results that beat Wall Street expectations and raised its full-year outlook for the second consecutive quarter, driven by growth in healthcare logistics and premium services.
Uber is facing a class action in Australia over sexual assaults and harassment by drivers, with law firm Slater and Gordon investigating whether the company's systems, policies and practices adequately protected the safety of female passengers and whether it responded appropriately when complaints were reported.
Global venture funding to robotics startups reached $9.9 billion in the third quarter of 2026, more than double the $4.3 billion invested in the same period a year earlier, according to Crunchbase data. The sector has seen a year-over-year increase of approximately 185% for the first three quarters of 2026, with China and the United States leading the investment.
China's industrial profits grew at their strongest pace in months in the first nine months of 2026, driven by AI-related manufacturing and a flood of exports, though analysts cautioned that the domestic economy remains a drag on overall growth.
Anduril now says its BlueChip laptop, built with Qualcomm, will meet Buy American standards when it launches, and the defense contractor has opened orders for the first machines.
German sports carmaker Porsche reported a rebound in operating profit for the first nine months of 2026, helped by a deliberate reduction of its exposure to China, even as revenue and vehicle deliveries continued to fall.
HSBC's chief financial officer, Pam Kaur, has moved to end speculation that the bank could shift its headquarters out of the UK over expected tax increases in Wednesday's budget, telling journalists there was “no pressure” to leave London. The reassurance came as the bank reported a 32% rise in third-quarter profits to $9.6bn and announced $2.7bn in shareholder returns.
The number of UK businesses in 'significant' financial distress has reached its highest level in more than two decades, according to insolvency practitioner BTG, increasing pressure on Chancellor John Healey to back the private sector in Wednesday's budget.
Orbit Resources has defined a one-kilometre-long magnetic target immediately along strike from its recent Cousin Jack discovery at its Lewis Ponds polymetallic project in New South Wales. The company says the combined geophysical signature provides a compelling priority target, raising the prospect of extensions to known mineralisation or the discovery of an entirely new sulphide-rich system.
A plan by Melbourne-based developer Quantum DC to build a hyper-scale data centre at Tungkillo, about 55 kilometres east of Adelaide, has drawn concerns from local residents and the Mid Murray Council mayor about its impact on an internationally accredited dark sky reserve, ahead of community consultation sessions later this week.
The West Australian government confirmed it is investigating repeated large methane emissions from Chevron's Gorgon LNG plant after a United Nations-linked satellite detected the plumes over the past year. The Department of Water and Environmental Regulation (DWER) said it is working to establish the cause and is engaging with Chevron. The company has not commented on the state investigation.
Indonesia has announced a new package of measures to combat stock market manipulation, seeking to head off a threatened downgrade of its investment status by global index provider MSCI.
NRL boss Peter V'landys has escalated his legal battle against a racing website by subpoenaing former New South Wales minister Brad Hazzard, seeking confidential submissions made to a government review of the thoroughbred racing industry.
China’s stock markets have lost about $2.4tn since May, with the CSI 300 index of the country’s biggest listed companies entering a bear market and the STAR 50 tech index plunging 40%, as investors lose faith that Beijing’s artificial intelligence boom will ever turn a profit. The slide comes as global risk assets face fresh pressure from high oil prices, rising Treasury yields and anxiety ahead of the US Federal Reserve’s October 28 decision.
Police are treating the firebombing of the Brighton mansion of property developer Simon Pitard as a “targeted arson attack”, while a Federal Court hearing over the collapse of his former construction company is scheduled for next month. 7NEWS reported there was no information linking the firebombing to that legal dispute. No one was injured in the attack on the Manor Street home on Tuesday.
Gold explorer PLC Resources has identified multiple priority targets at its Abbotts project in Western Australia's Murchison region, using satellite imagery and geophysical analysis that highlighted geological signatures similar to those of a working gold mine fewer than five kilometres away.
Augustus Minerals has restarted reverse circulation drilling at its Music Well gold project in Western Australia's Eastern Goldfields after heavy rains, and will soon test the high-grade St Patrick's Well prospect where surface sampling returned up to 30.4 grams per tonne gold.
A Coles worker who attempted to stop two suspected shoplifters at a neighbouring Liquorland store has been awarded $6,483.51 in compensation after the Fair Work Commission found the supermarket chain's decision to sack him was harsh and unreasonable.
Jay-Z will headline the Apple Music Super Bowl LXI Halftime Show on 14 February 2027 at SoFi Stadium in Inglewood, California, the NFL, Apple Music and Roc Nation confirmed during Monday night’s Dallas Cowboys-Philadelphia Eagles game. The announcement, which follows weeks of speculation, makes the rapper and Roc Nation founder the featured performer for a show his company will executive produce.
David Jones' owner Anchorage Capital is racing to decide the department store's future by Christmas, as lender Hilco Capital confirmed emergency funding to carry the 188-year-old retailer through the holiday trading season. The Australian Financial Review reports the funding is about $10 million, while Anchorage says directors are in intense discussions that could involve store closures.
A commission of inquiry into the CFMEU has heard that a three-millimetre puddle of water shut down a major worksite on Brisbane's $20 billion Cross River Rail project, as former site managers detailed what they called frivolous safety checks and an alleged intimidation attempt by a union organiser.
Western Australia's Environmental Protection Authority has warned that Woodside Energy's $30 billion Browse gas project off the Kimberley coast poses a threat of 'serious or irreversible damage', according to a newly revealed draft letter. The letter, written in December 2023 and obtained by the publication Boiling Cold, finds the company's proposed measures to protect the marine environment, including green turtles and pygmy blue whales, are inadequate and not proportionate to the risk of a catastrophic hydrocarbon spill.
The final batch of assays from Zenith Minerals' latest drill campaign at its Consolidated Dulcie gold project in Western Australia has confirmed widespread gold mineralisation at the Dulcie Central prospect, closing a 600-metre gap between its existing Dulcie North and Dulcie deposits. The company is now assessing the results to support a maiden mineral resource estimate for the area.
Plans for Western Australia's largest ever gas-fired power station have been released for public comment on the same day the state government announced a target to lift renewable generation on the main grid from 40 to 75 per cent. Energy giant APA's proposed 870-megawatt Keralup Energy Hub, south of Perth, would exceed the capacity of the state's current biggest gas station and burn about 10 per cent of WA's daily gas use.
The Conservatives have attacked Prime Minister Andy Burnham's pre-Budget 'everyday fixes' as little more than 'cheaper gherkins', as new data showed UK shop price inflation at its highest in more than two years. Shadow chancellor Andrew Griffith said the package, which includes removing tariffs on over 100 products and easing carer's allowance rules, was 'an insult to families hammered by Labour's tax rises.'
Toyota is planning to deploy 400,000 robots as part of a $6.4 billion annual investment plan to automate its assembly lines, drawing on two decades of robotics history to make up ground in the global humanoids race.
The Bank of Japan is expected to leave its policy rate unchanged at 1.25 percent when its two-day meeting ends on Friday, but to set the stage for a further increase in December or January, according to a CNBC survey of 16 economists and analysts.