Section
Australian and global economic indicators, ASX market movements, corporate earnings and trade developments. Summaries updated every two hours.
Business news covering the Australian economy, ASX market movements, corporate earnings and trade developments. This section tracks GDP figures, employment data, Reserve Bank commentary, major mergers and acquisitions, and the performance of Australian companies on the global stage. From mining and agriculture to banking and retail, our summaries provide a quick snapshot of the economic forces shaping Australian prosperity.
Wimmera farmer John Bennett faces a $600,000 loss due to a 75% rise in urea prices linked to the US-Israel war in Iran. This increase has severely impacted the already narrow profit margins for Australian grain farmers, highlighting the global effects of distant conflicts on local agriculture.
AI-generated summary
The Bank of England warns the public about AI-generated scams following the circulation of deepfake videos depicting a confrontation between Governor Andrew Bailey and Nigel Farage. Bailey urges vigilance against misleading content related to central banks, highlighting the growing issue of deepfakes online.
AI-generated summary
In 2025, the world's largest banks pledged $906 billion to the fossil fuel industry, marking an increase of nearly 8% from 2024. This financing, led by JPMorgan Chase and involving 65 banks, contradicts international efforts to limit global temperature rises, according to a recent report by environmental groups.
AI-generated summary
OpenAI files confidentially for an initial public offering on the US stock market, boosting chip stocks. Meanwhile, London's stock market declines by nearly 0.5%, with pharmaceuticals group GSK falling 2.7% after announcing a $10.6 billion acquisition of US cancer specialist Nuvalent.
AI-generated summary
Zenith Minerals accepts a $93.5 million off-market scrip takeover offer from Forrestania Resources, aimed at consolidating the gold-rich Forrestania Belt in Western Australia. This acquisition is part of Forrestania's strategy to enhance its gold production capabilities in the region.
AI-generated summary
Barbeques Galore is set to close after a deal to save the retailer from financial failure collapses, resulting in the loss of up to 500 jobs. The closure marks a significant downturn for the specialty retailer, which has struggled in recent years.
AI-generated summary
Kuniko secures a specialist diamond rig for a significant drilling campaign in July, focusing on gold-silver extensions at its Commonwealth project in New South Wales. This high-impact blitz aims to enhance the project's resource potential.
AI-generated summary
Olympio Metals resumes drilling at its Bousquet project in Quebec, targeting extensions to a significant gold discovery. The company previously reported a 19.4-metre hit grading 17.29 grams per tonne of gold. This drilling aims to expand on the promising results.
AI-generated summary
Viking Mines reports tungsten grades of up to 1.1 per cent tungsten trioxide at its Linka stockpile in Nevada. Ore sorting test work is currently in progress to further assess the stockpile's potential.
AI-generated summary
Chariot Resources expands its US lithium presence by staking 573 new claims at the Resurgent project, located in the McDermitt Caldera, a highly prospective area for lithium mining. This move aims to enhance the company's resources in the growing lithium market.
AI-generated summary
PLC Resources initiates an airborne geophysical survey at Abbotts North as it awaits initial drill results from Rochefort. This effort aims to identify new gold targets in Western Australia.
AI-generated summary
ABC News managing director Hugh Marks reveals that he was unaware of his replacement by Justin Stevens, who resigned amid disagreements over the newsroom's direction. Marks states that Stevens' exit was 'inevitable' due to their differing visions for Australia's largest newsroom.
AI-generated summary
Wall Street experiences a rebound, recovering from Friday's sell-off, driven by a surge in artificial intelligence stocks. This positive momentum is expected to influence the ASX, which is set to rise in response to the market's recovery. Investors are optimistic about the ongoing AI boom.
AI-generated summary
Australia has installed 22GW of residential solar power, leading the world in per capita terms. However, the commercial and industrial sector has only deployed 5.6GW, which is about a quarter of residential installations, despite higher electricity consumption. This analysis comes from the Institute for Energy Economics and Financial Analysis.
AI-generated summary
Australia's investment in renewable energy and battery storage is helping to protect consumers from rising electricity prices linked to the Iran war energy crisis. This shift towards green energy is proving beneficial in stabilising power costs amid global market fluctuations.
AI-generated summary
Global stock markets decline amid escalating Middle East conflict, with South Korea's KOSPI index dropping 8%. European companies linked to the AI sector, including chip manufacturers Besi and ASML, see significant share price falls, contributing to a nearly 0.9% drop in the pan-European Stoxx 600 index.
AI-generated summary
Grill'd founder Simon Crowe acknowledges the need for better communication regarding his burger chain's values amid ongoing wage disputes. He emphasises that his staff's welfare is a priority, aiming to improve the company's image after more than a decade of pay-related issues.
AI-generated summary
Emmanuel Macron acknowledges France's historical role in the slave trade during a speech marking the 25th anniversary of the Taubira law, which recognised slavery as a crime against humanity. The event highlights ongoing issues faced by communities in Guadeloupe and Martinique stemming from this legacy.
AI-generated summary
The latest jobs figures in the US show a surprising increase, which complicates Donald Trump's aspirations for economic policy changes. This positive news for the economy may hinder Trump's plans, leaving his supporters frustrated. Analysts suggest the data could impact future political strategies.
AI-generated summary
Australian restaurants miss over 25 million phone inquiries annually. Entrepreneur Stevan Premutico introduces a new start-up that uses AI to handle these calls, aiming to improve customer service and reduce missed opportunities for eateries. This innovation seeks to enhance the dining experience by ensuring inquiries are answered promptly.
AI-generated summary
Israeli troops shot and killed seven-month-old Sam Fahd Abu Haikal in Hebron, West Bank, while injuring one parent. The family’s car was fired upon despite complying with a stop order. Sam was evacuated to a hospital in critical condition but later died from his injuries.
AI-generated summary
A Starbucks tumbler promotion coinciding with the anniversary of a pro-democracy massacre sparks widespread boycotts in South Korea. Customers vandalise Starbucks products, delete loyalty apps, and government ministries sever ties with the chain. Apology notices are displayed in stores as the backlash continues.
AI-generated summary
KPMG faces a significant scandal following whistleblower allegations of illicit data sharing, undermining its reputation as a guardian of financial credibility. The accusations have raised concerns about the integrity of the firm's practices and its role in the financial sector.
AI-generated summary
As property prices decline and auctions see increased pass-ins, buyers are advised to determine their 'walk away price' to make informed decisions. Experts suggest that understanding personal limits can help buyers navigate the current weak auction market effectively. Being prepared is crucial to avoid missing out on potential opportunities.
AI-generated summary
Real estate agents with the least accurate price guides often maintain near-perfect star ratings and few negative reviews, raising concerns about misleading practices. This trend suggests that some agents may be using legal threats and backend hacks to suppress honest customer feedback, potentially deceiving buyers.
AI-generated summary
MPs are calling for a public inquiry into all royal finances following revelations that Andrew Mountbatten-Windsor earned undisclosed income from subletting three cottages on his Royal Lodge estate. The National Audit Office report indicates he paid a nominal rent but did not disclose the rental income details.
AI-generated summary
Investors attend HyperTech Group's 2020 gala in Hong Kong, where executives entertain with a karaoke performance of Coldplay's 'Viva La Vida' while dressed in superhero costumes. The event highlights the company's efforts to engage its stakeholders in a lively atmosphere.
AI-generated summary
Goalhanger, co-founded by former England footballer Gary Lineker, is named the fastest-growing business in the UK, with sales reaching £37.9 million in 2025. The media production company, known for The Rest is … podcasts, has experienced an average annual growth rate of 321% over the past three years, according to the Sunday Times.
AI-generated summary
Aureka Ltd identifies several high-priority structural gold targets at its Irvine project in Victoria after conducting a precision airborne drone survey. This development is expected to enhance exploration efforts in the Stawell Corridor. The survey results mark a significant step forward for the company.
AI-generated summary
Sarytogan Graphite initiates graphite purification trials after receiving bulk concentrate samples from its Kazakhstan project. The trials are conducted in collaboration with US graphite specialist AETC in Chicago.
AI-generated summary