Latest Business News
TSMC hits yet another record as profit surges 39%, beating estimates on AI chip demand surge
Taiwan Semiconductor Manufacturing Company reported a 39.1% increase in third-quarter profit, hitting a fresh record despite missing estimates.
News live: Marles insists there is ‘a good story to tell’ in Australia-US defence relationship; search for missing four-year-old Gus to resume tomorrow
Follow today’s news liveAustralian soldier dies after training accident in north QueenslandGet our breaking news email, free app or daily news podcastMore information on the incident at a Townsville facility...
An unexpected unemployment rate rise puts the RBA odds-on to cut the cash rate – but it’s a headache for Jim Chalmers
A resilient labour market is the jewel in Labor’s crown when it comes to its economic record. Is this month’s data a blip, or the start of something bigger?Get our...
UK economy expands as GDP rises by 0.1% in August ahead of crucial budget
Lift in latest data keeps UK on track to be among the fastest-growing major economies this yearThe UK economy expanded by 0.1% in August, according to official figures, giving a...
Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear
Trump said Washington was unhappy with New Delhi's purchases of Russian crude because it allowed Moscow to continue waging its "ridiculous war" in Ukraine.
European markets head for negative open as choppy week for stocks continues
European stocks are expected to open in negative territory on Thursday as regional markets continue to see-saw this week.
FCC moves to expel one of Hong Kong’s largest telco companies from U.S. networks
The U.S. has taken steps to block one of Hong Kong’s largest phone companies from accessing the country's domestic telecom networks over national security concerns.
Thirsty AI mega projects raise alarm in some of Europe’s driest regions
Europe is planning to at least triple its data center capacity as part of a push to become a world-class AI hub.
Rachel Reeves should consider welfare cuts in budget, IFS says
Thinktank urges chancellor to take ‘bold’ action on benefits and pensions to placate jittery financial marketsExclusive: Reeves says higher taxes on wealthy ‘part of budget story’Britain’s leading tax and spending...
US may take strategic stakes in rare earths companies to tackle China ‘power grab’
Treasury secretary Scott Bessent raises possibility of taking more direct stakes in companies to protect national security in wake of Beijing’s curbs on rare earths exportsThe Trump administration has criticised...
South Korea's Kospi hits record high on trade deal optimism, IMF growth forecast upgrade
The IMF raised its growth projection for the global economy as the impact of U.S. tariffs on was "at the modest end of the range."
Plug-in hybrids pollute almost as much as petrol cars, report finds
Analysis of 800,000 European cars found real-world pollution from plug-in hybrids nearly five times greater than lab testsPlug-in hybrid electric vehicles (PHEVs) pump out nearly five times more planet-heating pollution...