business
Jail for dodgy financial fraudster who scammed families out of $20 million
More than 150 mum-and-dad investors trusted self-proclaimed property developer Krishnakumar Sitaram Agrawal, only to be caught up in his “dishonest behaviour”. Source link
Outback retailer withdraws bid to overturn Centrepay credit ban
Outback retailer, Urban Rampage, withdraws its appeal on a Centrepay credit ban issued by Australia’s financial regulator. Source link
Commonwealth Bank posts $2.6b quarterly profit, ASX loses ground — as it happened
Commonwealth Bank reported a marginal rise in first-quarter profit, but its share price still lost 6.6 per cent in value, while the ASX200 lost ground. Source link
Amazon is supposed to deliver convenience. Its drivers say they walk 'on eggshells'
Tech giant Amazon claims to offer convenience to both its customers and its contractors. This is what the drivers behind your packages want you to know. Source link
US risks AI debt bubble as China faces its 'arithmetic problem'
Two leading experts on the world’s biggest economies warn both countries face serious challenges, and not just over trade with each other. Source link
China succeeds in a decades-long quest to crimp Australian power
For decades, China has resented being held hostage over the iron ore price by its own insatiable demand and a handful of Australian producers. Source link
Respected engineer sounds alarm on dodgy Darwin apartments
A respected consulting engineer says about 80 per cent of apartment buildings he has inspected in Darwin have serious structural issues. Source link
ANZ posts 10pc profit drop but shares bounce — as it happened
ANZ has posted a 10 per cent slide in net profit to $5.9 billion but a bounce in its shares drove the ASX higher. Source link
Albanese's new best friend is playing the field
Anyone who controls the supply of magnets controls the future, and China has been quietly working on this under America’s nose for decades. Can Australia muscle in? Source link
Free power as wind farms grind to a halt. What’s happening?
Mountains of clean power are regularly “wasted” as Australia’s energy system evolves. But a large amount of battery storage is waiting in the wings, ready to soak it up. Source link