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Australia's biggest weir built since World War II opens after delays

A "generational" piece of water infrastructure for Queensland has been completed after years of construction plagued by cost blowouts, inundations and COVID-19 disruptions.
A concrete structure in the middle of a river with a low amount of water in it

Red tape costs double for Queensland businesses, report finds

The Sunshine State's peak business group says the median regulatory compliance costs reported by businesses in 2023 was $50,000 — up from $25,000 in 2021.
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A woman wearing a blue dress sitting on a chair in front of a window.

Luxury resort forced to close due to floods plans to reopen by increasing chopper flights sevenfold

A Blue Mountains hotel wants to significantly increase its number of helicopter flights to the area, from 14 to 105 per week, to chopper guests over flood-affected roads.
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helicopter in paddock with man and women in front.

PwC bosses grilled by senators, ASX closes flat — as it happened

Current and former PwC executives have defended the behaviour of private consultancies during a Senate grilling in Canberra today, where former CEO Luke Sayers said he feels "terrible" about what happened. The ASX200 has closed flat after rising slightly in early trade.
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Outside of PWC building

Qantas chairman Richard Goyder to stand down in next 12 months, as the airline tries to rebuild its reputation

Qantas chairman Richard Goyder will stand down from airline in next 12 months, as the airline tries to rebuild its reputation.
Updated
A man wearing a suit and tie and a woman wearing a lavender blazer sit at a desk with iPads and microphones in front of them.

Netball Australia experiencing financial crisis

Australia's national netball team the Diamonds are number one in the world but despite this success, the viability of the sport in Australia is in doubt. 
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ABC News Current
Duration: 5 minutes 44 seconds

Lachlan Murdoch to take over from his father – but for how long?

While the great Rupert Murdoch succession drama is far from resolved, the move doesn't protect Lachlan Murdoch from his jostling siblings in the future.
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ABC News Current
Duration: 6 minutes 27 seconds

Rupert Murdoch steps down as chairman of Fox and News Corp

After seven decades building his global media empire from an afternoon paper in Adelaide, Rupert Murdoch has stepped down as chairman of Fox News and News Corp.
ABC News Current
Duration: 2 minutes 45 seconds

Rupert Murdoch will still run media empire even if he is not chairman, says expert

Lachlan Murdoch will ascend to chairman of Fox and News Corp but experts doubt the editorial direction of the media empire will see drastic change.
ABC News Current
Duration: 2 minutes 1 second

How business and unions have reacted to Alan Joyce's early departure

Business and unions react to the news of Alan Joyce's early departure from Qantas
ABC News Current
Duration: 2 minutes 39 seconds

Exodus at Andrew Forrest's FMG continues as third top executive departs in a week

Billionaire mining magnate Andrew Forrest's Fortescue Metals Group loses another of its top executives, as former Reserve Bank deputy governor Guy Debelle quits after 18 months at the company.
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Composite picture of Reserve Bank deputy governor Guy Debelle (left) and Andrew Forrest (right).

TEMU might seem too good to be true. But the super-cheap Chinese app wants to dominate the world

A flashy new online shopping app has been bombarding Australians on social media. While some see it as the saviour of China's economy, not everyone is convinced. 
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A woman holding a TEMU bag

Ever wanted to buy a Whitsunday island? This former resort has hit the market

The well-known tourist destination of South Molle island could soon have a new owner as it becomes the latest Great Barrier Reef island to come up for sale after Lindeman Island, Hook Island, Dunk Island and Long Island.
Palm trees and white sand with blue water

Court hears of 'fatal clauses' in Wright Prospecting's claim on Gina Rinehart's iron ore riches

Lawyers for Gina Rinehart claim a 1987 agreement shows Wright Prospecting relinquished any rights to Hancock Prospecting's Hope Downs project. 
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A woman in a red hat leaning on a rusty bar of a gate.

Most small business owners earn less than their own employees, data shows

Over two in five businesses are making no profit at all, according to new data from the Australian Small Business Ombudsman. Cafe owner Phillip Di Bella says red tape, rising interest rates, and government overreach is pushing small business owners to the brink of viability.
ABC News Current
Duration: 1 minute

Messi spurned $2.4b so he could play soccer for David Beckham in Miami. Here's why it's a savvy move

Soccer hasn't been a particularly popular sport in the United States, but its upward trajectory may be about to go stratospheric as Lionel Messi signs a lucrative deal with Inter Miami.
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A man in a pink top smiling on a soccer pitch

How a 'winner-take-all' tech sector is slowly destroying the global economy

Far from improving our lives, a growing body of economic evidence is pointing the finger at big tech as a major factor in economic stagnation and lower wage growth.
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Logos of Amazon, Apple, Facebook and Google, composite image.

This bag costs $15,000. To buy it, you have to play an expensive, years-long game of cat and mouse

From the Hermès Birkin to the Chanel classic flap, some are seeking out breathtakingly expensive handbags. But the bags aren't just status symbols — they can also be a savvy investment.
A woman in white gloves adjusts a Birkin bag on a shelf

This company's AI potential just 'blew everything out of the park', but can it live up to its surging share value?

The company behind much of the technology fuelling artificial intelligence has seen its shares surge almost 200 per cent this year as part of a wider AI boom, but are those sky-high valuations justified?
Updated
Nvidia logo displayed on a mobile phone screen with a circuit board in the background.

Gas price cap 'overwhelmed by suppliers' strike'. So where to now for the government to limit energy price rises?

The federal government's gas price cap is now acting as a floor according to major customers, and that's not good for consumers. So what can it do next?
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An older Vietnamese woman cooks with gas on a wok in a kitchen

'People will call me a hypocrite': Why golf competitions the PGA, LIV and European Tour are merging

"Two years of disruption and distraction" in golf are over and pending lawsuits between the parties will now be dropped — and missing from all the announcements was Australia's Greg Norman, the commissioner of LIV Golf.
A middle-aged white man in a grey polo shirt and dark cap swings a golf club.

Elizabeth Holmes saga exposes issues in start-up sector

The rise and fall of Theranos has undermined investor trust in tech start-ups.
ABC News Current
Duration: 5 minutes 23 seconds

He's called the 'wolf in cashmere'. Now the world's richest man needs to pick a child to succeed him

When the world's richest person sits down for monthly lunches in Paris with his five children, he's searching for his successor. Welcome to the house of Arnault.
Bernard Arnault stands between his two oldest children

Can the new Qantas boss undo the damage to the airline's reputation?

Two Qantas veterans – an accountant and a pilot – represent the two modern faces of the airline and the battle for its future. Can new boss Vanessa Hudson win staff's trust and customer loyalty after a bumpy few years?
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A side profile of Ms Hudson, with a minuture Qantas plane tail blurred in the foreground.

Country of origin labelling for Australian-grown flowers will set them apart from imports

Next time you buy flowers, check the rubber band holding the bunch together. Green and gold elastic bands will signify the blooms are locally grown.
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Woman hold flowers smiling