Business
Companies
Updated
Earnings season
Revenue slides as Murdoch’s News Corp eyes AI opportunities
Rupert Murdoch’s News Corporation has reported a drop in revenue, but plans to take advantage of advances in generative AI.
- by Calum Jaspan
Latest
Luxury fashion’s new giant: Coach, Versace part of $13b mega-deal
Coach, Versace, Jimmy Choo and Michael Kors are part of the latest deal in the world of luxury fashion.
- by Jeannette Neumann
WA gas strike talk spooks energy markets
The prospect of workers downing tools at Woodside and Chevron facilities has sent European gas prices soaring.
- by Peter Milne
Opinion
Aviation
The half-billon-dollar economic boost the government won’t let fly
What inflation-fighting government would take a position that promotes airfares remaining higher for longer?
- by Elizabeth Knight
Construction giant flags further price rises amid housing squeeze
Boral chief Vik Bansal reiterated expectations that cost pressures would linger for 12 to 18 months, but price rises wouldn’t be as steep as last financial year.
- by Jessica Yun
Updated
Earnings season
AGL’s $10b shift from coal to clean power ‘on target’
The power giant has swung to a heavy loss after a chaotic 12 months for the east-coast energy market, but flags better times ahead as electricity prices rise.
- by Nick Toscano
Opinion
Wall Street
The fake meat fad has finally been exposed as a complete waste of money
Beyond Meat was supposed to be the poster child for the vegan movement but instead it risks becoming a symbol of the worst excesses of the cheap money era of the last decade.
- by Ben Marlow
Yang family selling Bexley North pub in a frothy market
The Yang family is selling the sprawling Bexley North Hotel, which has the potential to be redeveloped as a mixed-use site.
- by Carolyn Cummins
ABC’s Garma Special Q+A delivers show’s lowest audience
Q+A has faced two successive weeks of programming clashes with the Women’s World Cup.
- by Calum Jaspan
Funeral operator InvoCare agrees to $1.8b private equity takeover
The business behind Le Pine, White Lady Funerals and Simplicity Funerals says its board is backing the deal.
- by Harry Brumpton
WeWork tumbles after raising ‘substantial doubt’ about future
A few years ago, WeWork was one of America’s most valuable start-ups. Then came its IPO disaster, followed by the pandemic, which dealt another blow.
- by Ellen Huet