Business, Economics and Finance

The extraordinary way working from home has transformed our labour market means it shouldn't be seen as a "favour" to workers, but as a favour to us all, writes Leonora Risse.

It's been one of those weeks for Woolworths boss Brad Banducci, kicking off with the airing of a trainwreck Four Corners interview on Australian supermarket competition. But it all promises to end well, at least for him.

The boss of Woolworths announces he's stepping down as the supermarket giant reports a half-year underlying profit of nearly $1 billion.

Jarden's chief economist Carlos Cacho says the latest wage data shows the strongest annual growth in 15 years.

Woolworth's shares slumped today after its chief executive's resignation.

Outgoing ATO boss Chris Jordan said "Australians love their work-related expense deductions" and abolishing them in favour of lower personal income tax rates "would be a big step". 

More than 60 per cent of Maryborough’s population is considered obese or overweight, and one of the town’s only gyms faces eviction to make room for another liquor store.

Residents of the uninhabitable complex in Sydney will still incur major losses, but the deal will provide some resolution nearly five years after cracks were discovered in the building.

The Transport Workers Union's Michael Kaine says members are 'concerned' about the future of promises Jayne Hrdlicka made to staff.

The supermarket chain boss is set to be replaced by Amanda Bardwell when he departs the company in September 2024.

Qantas has named John Mullen as its next chairman, with the former Telstra chair taking over from Richard Goyder later this year. The ASX finished lower for the day, dragged down by a near-7 per cent drop from Woolworths.

Supermarket giant Coles is being accused of deceptive marketing in its bottle shops for promoting a homebrand gin as one with boutique credentials.

The domestic nickel sector is in a growing crisis. Business reporter Rachel Pupazzoni explains.

Hotels have been booked out and the local economy is set to profit significantly from Taylor Swift's Eras Tour in Sydney. 

Shares in the Sydney casino operator Star Entertainment crashed after news of another enquiry into the company.

CEO Mike Henry says the local nickel industry may not recover until 2030 and BHP is actively considering how to reduce costs.

Virgin Australia boss Jayne Hrdlicka announces she will step down after almost four years at the helm of the airline.

Business in 90 Seconds

Business in 90 Seconds

You might not have noticed, but Australia's biggest liquor retailers are now selling vast numbers of their own private-label wine, beer and pre-mixes. It's leading to concerns about a further concentration of market power. 

Good luck getting a hotel in Sydney. Swift's Eras Tour has packed the Harbour City's hotels and driven up short-term rental costs as thousands descend on the city ahead of four concerts. 

Warren Pearce, CEO of the Association of Mining and Exploration Companies, says the federal government needs to be more ambitious as it drafts a rescue plan for Australia's troubled nickel sector.

Bendigo and Adelaide Bank CEO Marnie Baker says the bank has seen a slight uptick in mortgage arrears.

One of the biggest beneficiaries of the AI boom is Nvidia, a company which manufactures the microchips powering the AI revolution. David Chau explains.

The Westpac share price was up today, despite the bank announcing a fall in profits. Alan Kohler has more.