8 result(s) for “Business”
On October 11, 2026, Australia’s business lobby groups intensified warnings that the government’s recent measures to curb temporary migration will squeeze labour supply, raise costs for employers and slow growth, after a fresh round of detail and industry reactions emerged.
Firmus Grid, the Nvidia backed data centre developer that aimed to stage Australia’s largest IPO in decades, has withdrawn its application to list on the ASX, citing market volatility and weak demand. The decision exposes investor caution on high valuation AI infrastructure plays and leaves suppliers and regional projects facing funding uncertainty.
Australia’s central bank and financial markets are contending with a fresh inflation impulse from rapid adoption of artificial intelligence, a development economists say makes further Reserve Bank rate rises plausible despite recent tightening and a cooling housing market.
A Federal Court judgment published on October 5, 2026 sharply criticised the culture inside ANZ’s global markets division while upholding parts of the bank’s case against former trader Etienne Alexiou, and ordered ANZ to calculate compensation for withheld deferred equity. The ruling deepens reputational and regulatory pressure on one of Australia’s biggest banks ahead of an investor strategy update.
Heavy spring storms have left parts of Victoria facing flash flooding and infrastructure damage, while authorities have declared an unusually early start to the fire danger period in the state’s east, officials said on October 5, 2026.
Treasurer Jim Chalmers travels to Tokyo on October 4, 2026 to lead the inaugural Australia Japan Finance Ministerial Dialogue, targeting Japanese capital for Australian AI, renewable energy and critical minerals projects while showcasing the country’s superannuation pools.
WIN Television has confirmed it will end terrestrial broadcasts of Network 10 channels in Mount Gambier, the Riverland and Griffith, saying financial pressures make the services unsustainable. The shutdown is scheduled for October 9, prompting warnings about access, local news and regional advertising revenue.
Warren Buffett has stepped down as chairman of Berkshire Hathaway at 96, with his son Howard Buffett taking the role as the $1.1 trillion conglomerate enters a new era of leadership.