Why NSW is losing billions
There's a big downside to NSW's economic success.
Latest Business News
Temple & Webster swallows Milan Direct
Temple & Webster is merging the Milan Direct collection into its own online store and shutting down the Melbourne office of the high profile brand.
TPG earnings and FTTB rollout to be curtailed by new NBN levy
TPG Telecom's earnings per share and profit margin will be shaved down if the government goes ahead with a levy on high speed broadband networks.
Union in landmark legal action over farm wages
One of Australia’s largest vegetable growers has been hit with a landmark legal claim aimed at recovering more than $500,000 in back pay for exploited international workers.
Cleaner forced way into homes and started cleaning carpets
A 73-year-old recidivist aggressive carpet cleaner is set to pay $10,000 in court costs and double what he charged his "customers" after repeatedly forcing his services on the elderly.
ASX see-saws ahead of Fed meeting
Shares swung into the red on Tuesday as investors stuck to the sidelines ahead of a key Fed Reserve meeting this week.
Qantas to fly Dreamliner 787s direct from Melbourne to Los Angeles
Qantas' first Dreamliner 787 route will be a direct flight between Melbourne and Los Angeles, commencing in December 2017.
Markets Live: ASX see-saws
Shares fall then bounce only to drop again as selling in miners and banks intensifies, while bond proxies enjoy some relief and CSL shines.
Active management set to shine in 2017
Global fund managers expect a sharp increase in market volatility next year amid growing geopolitical uncertainty and a marked shift in fiscal policy, a survey has found.
Qantas mulls second crack at American Airlines deal
Qantas says it hasn't abandoned its dream of a lucrative tie-up with American Airlines.
Business conditions lowest in 19 months
Business conditions have fallen to their lowest level in 19 months and consumer confidence has plunged.
Commodity rally sets up a mining cash splash
This year's stunning resurgence in commodity prices has Australian resource companies well placed to at least double their shareholder payouts, experts say.
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Global oil pact sends prices soaring
Oil prices have shot up by 4 per cent after OPEC and other producers reached their first deal since 2001 to jointly reduce output.
Chinese billionaire's only son not interested in running $122b empire
The 29-year-old internet celebrity "said he didn't want to live a life like mine", says Chinese billionaire Wang Jianlin.
Warren Buffett may be kicking himself
If only the billionaire investor had taken his own advice on how to capitalise on the US housing collapse.
'Victims of our own success': NSW's $11 billion GST hole
By 2019-20, residents in NSW will pay $23.7 billion in GST and get back just $17.8 billion.
Former Billabong boss's ex-wife breaks down in court
The ex-wife of former Billabong boss Matthew Perrin broke down as she described how he confessed to losing their "forever home".
ATO needs to be quicker to apologise for errors: review
Australia does not need a taxpayer bill of rights, a review has found, but the Tax Office must take greater steps to educate the public about their rights and apologise when it makes errors.
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- 01:27
Perrin did 'bad things'
Former Billabong CEO Matthew Perrin faces court on 12 counts forgery and fraud after writing his wife's signature on loan documents. Nine News
The new cash bonus for workers that could harm your health
Donald Trump's reluctance to take time off could be his most relatable quality – Australians have accrued 134 million days' of untaken annual leave.
CBA lifts variable rates for property investors
The Commonwealth Bank of Australia has become the latest bank to raise interest rates for property investors, blaming higher funding costs and regulatory requirements.
Can you pick the fake Pokemon card?
Cheap, counterfeit Pokemon cards are plaguing the popular tabletop game, leaving unwary parents and enthusiasts scammed and disappointed.
Minutes from retirement, he blasted his bosses in a company-wide email
After 35 years on the job, Michael Stuban was minutes away from retiring from the Pennsylvania Turnpike Commission.
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- 03:10
The Fed explained
The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase. Here's a look at the US Federal Reserve's decision-making process.
BlackRock sees 'pain' for bond investors
BlackRock cut its view on the outlook for US Treasuries, citing concerns about growth, wages and inflation.
Employer groups warn against underpayment and an uneven playing field
Peak employer groups have warned business owners against systematic underpayment of workers because it is creating an uneven playing field for those paying lawful wage rates.
8@eight: Risks and dull confidence give bears hope
The local stock market is set to open closer to 5550, although it promises to be a messy start to trading with no discernible trends emerging.
Goldman's line of succession runs deep
As Goldman's Gary Cohn prepares to decamp for a Trump job in Washington, there's no shortage of potential successors.
Oil rises to highest since mid-2015
Oil advanced though prices could soon hit a ceiling until global production cuts are confirmed.
Fox finalising cash bid for Sky
Twenty-First Century Fox aims to table a firm cash bid valuing Sky at £10.75 per share as early as Wednesday.
Small Business
Private jet startup claims to raise $105 million
JetSmarter operates an Uber-like network that connects travelers to empty seats on chartered planes.
Why you can ditch the to-do list
Focusing on everyday tasks will hinder your business in the long run.