Latest industry news

  1. Business in 90 Seconds

    In this update: An Australian currency brokerage firm says staff at its Shanghai office have been held against their will for more than 24 hours in an alleged extortion attempt; there's new evidence to suggest that wealthier Australians are using trusts to avoid paying billions in tax; and the Federal Court has recognised an exclusive native title claim in the Pilbara, potentially allowing an Indigenous group to sue Fortescue metals group for millions of dollars in compensation.

  2. China's designated driver business is booming

    Zhao Yamin, a driver for transport giant Didi Chuxing, drives home car owners who've been drinking.

  3. Trust funds are costing the taxman a 'staggering' $3.5 billion every year

    Australians are using trust funds to minimise their taxable income to the tune of $3.5 billion a year, according to a new report from the Australia Institute, which found those who contribute the most to the country's $3.1 trillion trust pool make more than $500,000 a year.

  4. 'Terribly disappointing' if Abbott is intending to damage Government, Morrison says

    Treasurer Scott Morrison says he hopes Tony Abbott isn't trying to undermine Prime Minister Malcolm Turnbull and admits the former PM's interventions are damaging the Government.

  5. News in 90 Seconds

    IN THIS UPDATE; THE FEDERAL OPPOSITION SAYS THE LATEST UNEMPLOYMENT FIGURES FAIL TO TAKE INTO ACCOUNT THE AMOUNT OF PEOPLE IN JOBS WHO WANT MORE WORK; TRADITIONAL OWNERS IN WA'S PILBARA SAY THEY WILL SEEK COMPENSATION FROM FORTESCUE METALS GROUP; AND AN INQUEST HAS HEARD... THE MELBOURNE COMMUNITY WILL BE BEST SERVED... BY DELAYING THE INVESTIGATION INTO THE BOURKE STREET RAMPAGE.

  6. News in 90 Seconds

    IN THIS UPDATE; THE FEDERAL OPPOSITION SAYS THE LATEST UNEMPLOYMENT FIGURES FAIL TO TAKE INTO ACCOUNT THE AMOUNT OF PEOPLE IN JOBS WHO WANT MORE WORK; TRADITIONAL OWNERS IN WA'S PILBARA SAY THEY WILL SEEK COMPENSATION FROM FORTESCUE METALS GROUP; AND AN INQUEST HAS HEARD... THE MELBOURNE COMMUNITY WILL BE BEST SERVED... BY DELAYING THE INVESTIGATION INTO THE BOURKE STREET RAMPAGE.

  7. Thursday markets with Evan Lucas

    It was a second day of gains on the local sharemarket with banks continuing to feel the love. Equities analyst Evan Lucas speaks to The Business.

  8. Full time jobs are surging but underemployment is stuck at record levels

    Full time jobs growth during the past two months is the strongest in 29 years. Unemployment for June remained at 5.6 per cent, but more than 60,000 full time jobs were created. The strong rebound in full time work masked a problem which hasn't changed, record high underemployment.

  9. Sanjeev Gupta speaks to The Business

    Arrium's billionaire white knight Sanjeev Gupta says tackling spiralling energy costs is a number one priority in turning around the Whyalla steel mills.

  10. Business in 90 Seconds

    IN THIS UPDATE; MYER SHARES HIT A RECORD LOW AS INVESTORS DIGEST ITS PROFIT DOWNGRADE. MYER HAS CUT ITS NET PROFIT AFTER TAX FORECAST FOR THE FISCAL 2017 YEAR TO BETWEEN 66 AND 70 MILLION DOLLARS; AND THE ALL ORDINARIES IS UP HALF A PER CENT... AS IS THE ASX 200 INDEX.

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