The government will spend an additional $3.2 billion to scale up shipbuilding for its nuclear submarine program.
BUSINESS
IBM Acquires HRL Laboratories to Expand Quantum Computing Strategy
IBM is buying HRL Laboratories, jointly owned by Boeing and General Motors, to strengthen its quantum computing portfolio with a second technology as the race for practical quantum computers intensifies.
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Google Raises Capex Forecast After Cloud Delivers Record Growth
Alphabet has raised its 2026 capital expenditure forecast to between $195 billion and $205 billion after Google Cloud delivered record quarterly growth, highlighting the company's accelerating investment in AI infrastructure despite investor concerns over AI model delays.
Santos Revenue Climbs to $1.35 Bn as Barossa, Pikka Ramp Up
The energy producer reported $1.35 billion in June-quarter sales revenue, driven by stronger LNG prices and rising production as the Barossa and Pikka projects transitioned into operations.
Tesla Earnings Miss as AI Expansion Weighs on Cash Flow
The EV maker reported disappointing quarterly profit and negative free cash flow while reaffirming plans to spend more than $25 billion on AI and robotics this year.
Peter Kell Appointed Chair of Super Consumers Australia
Former regulator Peter Kell has been named chair of Super Consumers Australia, bringing extensive experience in consumer protection and financial oversight as the organisation pushes for stronger retirement outcomes.
More business News
01
ASIC Puts 2,900 Auditors on Notice Over Compliance Duties
The corporate regulator has warned thousands of auditors to meet their legal obligations, reinforcing expectations around audit quality and signalling closer scrutiny as enforcement pressure builds across the sector.
02
Stockland Names Former GPT CEO Robert Johnston as Chairman
Stockland has named former GPT CEO Robert Johnston as its next chairman. He will take over from Thomas Pockett on 19 October following the company’s annual general meeting.
03
Qantas Avoids Investigation Over Data Breach Affecting More Than 5M Australians
The OAIC has decided not to investigate Qantas over its 2025 data breach, saying the airline had reasonable security measures in place despite more than 5.12 million customers being affected.