business
KPMG to cut almost 400 jobs after audit leaks scandal
Accounting firm KPMG says it will cut 27 partners and about 360 staff from its Australian arm, as well as revamp its structure, as it grapples with lower revenue from lost contracts following the audit leaks scandal. Source link
Woodside oil spill plan under fire as approval decision nears
With final advice due by the end of the year, critics point to Woodside’s own modelling to sink the $30 billion gas project. Source link
Secretive, century-old explosives facility approved for expansion
One of four government-run explosive facilities in Queensland, the Bajool reserve has been in action since 1913. There are plans to expand it to meet increased demand from the mining industry. Source link
ASX rises as miners rally while banks sink — as it happened
The Australian share market has closed higher, led by the materials sector. It follows Wall Street finishing Friday on a positive note, but still shedding 1.4 per cent over the week. Source link
Former The OC actor on crusade to take down 'stupid' cryptocurrency
Hollywood actor Ben McKenzie speaks to ABC News about what led him to investigate one of the biggest financial movements of the decade. Source link
With rising interest rates, something deeper than inflation is going on
Typically, bond rates rise when an economy is doing well and inflation appears to be moving up. But something much deeper and more structural is currently going on. Source link
$20m avocado packing shed upgrade halves workforce with robots
Robots replace half the casual workforce and double the output capacity at one of Australia’s largest avocado packing sheds. Source link
'Most people wouldn't even realise': Why Canberra is a data centre hotspot
Andrew Barr says there is no need to pause the development of new data centres in Canberra because the ACT’s standards will meet or exceed proposed national rules. Source link
Jarrod Bleijie refuses review into Olympics contractor with alleged bikie links
BMD came under scrutiny in the CFMEU commission of inquiry this week, amid allegations it hired a security company linked to the Comancheros outlaw motorcycle gang in 2024. Source link
Fourth Sydney Airport safety incident in three weeks under investigation
Airservices Australia, the government-owned organisation responsible for air traffic management, says it reported the “potential traffic conflict” between two Qantas planes to safety authorities on Tuesday. Source link