business

An outback town says it has the land and space for AI infrastructure, but without a connection to the national electricity grid, investment remains on hold. Source link

Australia’s share market closed on a record high, pressure eased on the yen and traders hoped for a Strait of Hormuz solution. Catch up on the day’s markets and economic news on the live blog. Source link

The cost of alcohol is grinding Australia’s old pub culture and live music venues into dust. Should we keep forging ahead with six-monthly increases in the beer excise? Source link

Australia’s largest companies will reveal how they performed financially over the next few weeks, against the gloomy backdrop of a property downturn, stubborn inflation, higher interest rates and the Iran war. Source link

The government is also consulting on carve-outs and changes covering newly built homes, affordable and disability housing and its new capital gains tax system. Source link

Arnott’s workers in Adelaide have walked off the job over a pay dispute, with their union saying previous pay rises have equated to less than $1 per hour — not enough to buy a packet of biscuits. Source link

Australian household spending rose for a second month in June as consumers splashed out on electric vehicles amid rising fuel costs. Source link

The Local Government Association of the Northern Territory wants legislative changes to allow councils to set mining rates within their own areas. Source link

Examinations of the downfall of Jon Adgemis’s property empire may well shed light on the extent to which private credit firms, essentially a shadow banking industry with little or no regulation, have their hooks into the economy.  Source link

The consumer watchdog has relaxed rules on free-range labelling as egg producers move their hens indoors to prevent the spread of bird flu. Source link