Business
Companies
‘Tsunami’ of bookings: Emirates sees global travel surge once China reopens
The world’s largest long-haul airline is predicting a boom in global travel on a scale beyond anything seen for many years once China fully reopens to overseas flights.
- by Monica Raymunt
Latest
Opinion
Executive shake-up
Behind Fortescue’s executive revolving door
In the cult of Andrew Forrest not all disciples who sign on can operate under this messianic leader or within its governance structure.
- by Elizabeth Knight
‘Sales are very strong’: Harvey Norman optimistic on consumer spending
Trading updates from major retailers including Harvey Norman suggest spending on home goods is still robust.
- by Emma Koehn
Flight attendants vote to strike one day after Qantas’ $150m profit upgrade
One day after upgrading its profit guidance, Qantas is facing industrial action from its biggest employee group if the airline does not improve its pay offer.
- by Amelia McGuire
Amazon plans to invest $1.5 billion a year in movies for cinemas
It’s the largest commitment to movie theatres by an internet company: Amazon is looking to make between 12 and 15 movies annually that will be released in cinemas, sources say.
- by Lucas Shaw
She was a little-known crypto trader. Then FTX collapsed
Caroline Ellison, the 28-year-old head of trading firm Alameda Research, has found herself at the centre of Sam Bankman-Fried’s collapsed crypto empire FTX.
- by David Yaffe-Bellany, Lora Kelley and Cade Metz
Updated
Energy
AGL to close SA gas power plant in 2026 as renewables accelerate
AGL will close South Australia’s Torrens Island B gas-fired power plant in 2026 as fossil fuels face pressure from wind and solar undercutting their viability.
- by Nick Toscano
Tragedy-hit family has $44 billion fortune locked in a bitter feud
Through five generations and 157 years, the Mistrys have grown an empire responsible for building palaces, factories and stadiums across Asia.
- by Alexander Sazonov, Bhuma Shrivastava and P R Sanjai
Medibank’s main customers not affected in hacker data leaks
Medibank confirms that the customers of its budget ahm brand have been the only policyholders whose private health data has been released by hackers.
- by Colin Kruger
He was the first person to hack an iPhone. Now Musk has hired him to fix Twitter
The world’s richest man has just hired a man who first rose to prominence as a 17-year-old hacker
- by Gareth Corfield
Billionaire beef battle sizzles as Andrew Forrest buys $11.6m wagyu stake
Mining magnate Andrew Forrest has splashed an additional $11.6 million on the Australian Agricultural Company through his private investment vehicle Tattarang.
- by Jessica Yun