CBA and Westpac Lift Fixed Rates as Second RBA Hike Looms
CBA and Westpac have raised fixed mortgage rates, signalling the market expects another RBA cash rate hike before mid-year.
Darren Ong Business
Corporate news, markets, and the economy
Darren Ong 
Qantas Overhauls Frequent Flyer Program Amid Strong Profit Result
Qantas has announced a significant overhaul of its frequent flyer programme alongside a strong profit result and a commitment to create thousands of new Australian jobs.
Sophia Vargas 
Brisbane Firm Hypersonix Bets on Mach 7 Travel to Reshape Global Aviation
Brisbane's Hypersonix is developing a Mach 7 aircraft that could fly passengers from Sydney to London in 90 minutes, slashing current flight times by over 80%.
Mitchell Tan 
Glue Store to Shut All 16 Locations as Accent Group Chases Global Brands
Accent Group is closing all 16 Glue Stores by financial year-end after the chain posted an $8.4m loss, as the retailer pivots to its international brand portfolio.
Darren Ong 
Flying Taxis Eye Australian Skies But Melbourne Must Wait
Uber named Melbourne as an air taxi pilot city but now admits its Australian timeline was too ambitious as eVTOL technology matures globally.
Sophia Vargas 
Pacgold Backs Historic SA Tailings in Profit-Share Gold Deal
Pacgold Limited has struck a profit-share deal to reprocess historical gold tailings at its Wadnaminga project in South Australia, close to White Dam.
Sarah Cheng 
Brisbane Parking Fines Deliver $6.5 Million Council Windfall
Brisbane City Council collected $6.5 million more in parking fines than budgeted, helping offset a shortfall in income and rising expenses across council finances.
Mitchell Tan 
Telstra Halts Remote LEOsat Rollout as Outages Hit Triple Zero Calls
Telstra has paused its low earth orbit satellite rollout to remote mobile sites after reliability problems began affecting emergency calls in outback communities.
Oliver Pemberton China's Steel Squeeze Complicates Australia's Iron Ore Outlook
Iron ore prices remain well below recent highs as China's property slump offsets Beijing's infrastructure push, with direct consequences for Australian miners and government revenues.
Mitchell Tan 
British MPs Savage Andrew Mountbatten-Windsor in Parliament
British MPs have lined up to condemn Andrew Mountbatten-Windsor in parliament, with one minister branding his trade envoy tenure a 'constant self-aggrandising hustle'.
Sarah Cheng Superloop's AI Agents Now Outpace Human Staff in Customer Service
Superloop says AI now handles more customer interactions than its human workforce, marking a significant milestone in the telco's automation strategy.
Aisha Khoury CBA Commits $90 Million to Prepare Staff for AI-Driven Workplace Shifts
Commonwealth Bank will spend $90m over three years to reskill 30,000-plus staff as AI reshapes banking roles, even as the Finance Sector Union flags fresh redundancies.
Mitchell Tan 
WA Braces for Empty Shelves as Floods Shut Key Freight Rail Link
Flooding has shut the freight rail line carrying 80 per cent of WA's supermarket stock, prompting warnings of empty shelves across Perth and regional centres.
Sophia Vargas 
Olympio Metals Stakes US Claim in Silver and Critical Antimony Race
Olympio Metals has agreed to acquire two US mineral projects — silver in Montana and antimony in Idaho — in a strategic play on America's critical minerals push.
Tom Whitfield 
Eucalyptus Workers Share in $1.6bn Acquisition Windfall
Over 100 Eucalyptus employees are in line for a ~$420,000 windfall after the telehealth startup's $1.6 billion acquisition — a rare and instructive win for Australia's startup ecosystem.
Andrew Marsh 
Southern Cross Media Reshuffles Leadership After Seven West Merger
Southern Cross Media Group has announced a leadership overhaul following its merger with Seven West Media, with CEO Jeff Howard departing and a global search now underway.
Mitchell Tan 
Son Returns to Bali Where Melbourne Father Was Shot Dead
The son of Melbourne man Zivan Radmanovic has returned to Bali and shared a deeply personal letter honouring his father, who was shot dead there.
Darren Ong