Real income far short of 2002 outlook
The average real income of Australians is $14,500 below the projection in the first Intergenerational Report in 2002, due to a collapse in productivity growth. The Fin
DJs battles to retain top luxury brands
David Jones is fighting to preserve its credentials as a premier luxury shopping destination as some of the world’s biggest high-end brands including Christian Dior, Gucci and Chanel exit key categories at the retailer. The Fin
BYD cuts prices amid Beijing warning
The most senior Australian executive at Chinese car-making giant BYD says a decision to slash prices on vehicles by 25 per cent will not spark a price war, amid warnings from Beijing that manufacturers should stop aggressively discounting and dumping stock overseas. The Fin
Builders to down tools as Chalmers’ tax changes bite
Almost one in four Australian property developers affected by the Albanese government’s trust tax reforms will be forced to scrap projects over the next year, according to research released by the nation’s top housing bodies. The Aus
Teachers demand single-sex classes
Too many students are dropping the rigorous STEM subjects of science, technology, engineering and maths in year 10 to choose easier subjects, so they can score higher marks to maximise their ATAR scores, the science teachers’ association states in its submission to the inquiry into educational attainment. The Aus
Chalmers’ reforms trigger stampede on super contributions
Voluntary contributions at the nation’s biggest fund, AustralianSuper, spiked 35 per cent in June compared to the previous June, while Retail super giant MLC experienced a 35 per cent spike in extra super contributions between May and August compared with the same period last year. The Aus
MPs urge Albanese to rein in AI
Dozens of parliamentarians from across the political spectrum have written to Anthony Albanese urging the Prime Minister to take action to rein in the pace of artificial intelligence, warning of “potentially catastrophic risks” to public safety if the sector is allowed to grow unchecked. The Aus
Fuel price heading towards $2.50/litre
The price of fuel is still climbing with the average price of unleaded to hit a whopping $2.31 a litre on Monday, adding more pain to people already being smashed by the cost-of-living crisis. The West
Aussies driving into NZ property market
New data from realestate.co.nz shows a 190 per cent jump in interest from Australian online searchers in August compared with the same month a year ago, including a 40.8 per cent jump from WA house-hunters. The West
Arbortech tools up for offshore push
Malaga power tool maker Arbortech is chasing its biggest overseas expansion in 38 years after surviving decades of decline in Australian manufacturing. The West
The Australian Financial Review
Page 18: The country’s biggest GP software provider, Best Practice, has led a $5.4 million capital raising for Medcast, an artificial intelligence-powered search engine for clinicians.
Page 19: Tangerpay, a six-year-old financial technology company built to help self-service laundromats go cashless is now valued at over $70 million after merging with British laundromat management software company CleanCloud.
Page 19: Ramsay Health Care, the country’s largest operator of private hospitals, says lower margins are making it more difficult to invest in upgrading and modernising medical facilities as it pushes for the Albanese government to reconsider how insurers and providers negotiate over funding.
The Australian
Page 14: Storage King’s former suitor, Public Storage, is believed to be lurking, with sources questioning when, not if, the US-based group or a rival suitor turns up with another privatisation proposal for the $1.4bn ASX-listed group.
Page 14: Retail market experts believe Cue Clothing will take a similar path to the collapse of rival group Mosaic Brands in 2024 where the company ultimately wound up in liquidation.
Page 15: Home prices are tumbling but that doesn’t mean it’s any easier for many people to enter the market, with fresh data showing housing affordability has sunk to its lowest level in at least 32 years.
Page 19: Media agencies have rejected calls for advertisers to be forced to redirect a share of their budgets from global technology platforms to Australian media companies, arguing that commercial businesses should not be responsible for preserving the country’s media ecosystem.
The West Australian
Page 19: Google’s Gemini artificial intelligence model inadvertently hacked into three protected company systems in May while researchers were testing its cybersecurity capabilities, adding to a recent string of breaches by agentic AI systems.
