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The privacy watchdog has sued Medibank over its cyber hack.

Privacy watchdog sues Medibank over cyber hack

The Office of the Australian Information Commissioner alleges Medibank breached privacy laws and exposed its customers to risk of identity theft, extortion and financial crime.

  • by David Swan
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Companies

United Nations Secretary General Antonio Guterres during a Security Council meeting at the United Nations headquarters in April.

Ban fossil fuel ads to prevent ‘climate hell’, says UN chief

UN Secretary General António Guterres branded oil and gas companies the “godfathers of climate chaos” and said they should face an advertising ban, similar to those rolled out against tobacco.

  • by James Warrington
Elon Musk has started dropping heavy hints that he would rather go off and concentrate on his other businesses if he doesn’t get the rewards he feels he is entitled to for running Tesla.

It’s time Elon Musk faced a blunt truth about Tesla

Elon Musk is one of the great entrepreneurs of the century, but even he isn’t worth the biggest pay packet in history.

  • by Matthew Lynn
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Opinion & Perspectives

It’s time Elon Musk faced a blunt truth about Tesla

Elon Musk is one of the great entrepreneurs of the century, but even he isn’t worth the biggest pay packet in history.

Matthew Lynn

Medibank on the hook for trillions but there’s more at stake than money

The $21.5 trillion in fines that the health insurer faces is an uncomfortable reminder to corporate Australia that it’s not just the cyber criminals that are now on the hook.

Elizabeth Knight
Elizabeth Knight

Business columnist

The US dollar is making a comeback at China’s expense

The demise of the US dollar has been predicted so often it has been taken as an established truth. It may or may not be true in the long term – but for now, the greenback is back in favour.

Stephen Bartholomeusz
Stephen Bartholomeusz

Senior business columnist

Banking & finance

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Entrepreneurship

The memorial service to celebrate the life of billionaire Lang Walker was held at Sydney Town Hall.

A force of nature with a wry smile: Lang Walker remembered

Billionaire and philanthropist Lang Walker was remembered as a transformative force in Australia’s urban landscape at a memorial service at Sydney Town Hall on Friday.

  • by Colin Kruger and Carolyn Cummins
From left to right: Former Fortescue executives, Bart Kolodziejczyk and Michael Masterman’s start-up Element Zero has plans for a $US2.1 billion green iron processing plant in the Pilbara.

The iron men with a $3 billion plan to save the planet

Two former Fortescue executives want to reduce the enormous carbon footprint of iron ore, Australia’s most lucrative export industry. It’ll cost at least $3 billion.

  • by Anne Hyland

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