business

Star Entertainment reported a $307 million annual loss saying there are “uncertainties” about whether the casino group will remain a “going concern”. Meanwhile, the ASX 200 drifted lower in afternoon trade, closing down 0.2 per cent. Source link

If you feel like grocery prices have gone up over the past year, it’s because they have. Research shows a typical grocery bill at Woolworths last year was $213.89, while in 2026 the same items cost $232.02, up 8.5 per cent. Source link

Business used the collapse of unions to suppress wages and oligopoly power to increase prices. Expecting it now — using AI — to fix declining productivity, rising inequality, generational anger and political polarisation is fanciful. Source link

An ABC investigation discovers gift cards that have been tampered with are being sold by Australia’s biggest supermarkets, with charges even being laid over the issue.  Source link

The corporate watchdog warns that insurers are offering cash settlements for home insurance claims that do not cover the full cost of work needed. Source link

Documents allege a former KPMG partner treated “female members of staff and clients inappropriately” while he was at the firm. Source link

Staff of major property developer Bathla group have been stood down as the company struggles to stay afloat. Source link

A private lender with significant loans to collapsed developer Bathla is the latest private credit firm to limit “investor redemptions”. Source link

Australian shares are set to tick higher after tech giant Nvidia drove a rally in US technology stocks. Follow the day’s events and insights from our business reporters on the ABC News live markets blog.  Source link

Northern Territory Treasurer Bill Yan says the government is turning the tide on the Territory’s $11 billion debt, supported by progress on major projects including Beetaloo Basin gas and a number of gold and lithium mines.   Source link