SAP pivots toward AI upselling as cloud migration stumbles
After missing migration targets by billions, SAP is shifting strategy from pushing customers to the cloud toward selling them AI tools instead.
Nadia Souris Business
Corporate news, markets, and the economy
Nadia Souris 
Nvidia's AI Server Costs Explode as Margins Squeeze Equipment Makers
Nvidia's latest Vera Rubin AI servers will cost up to USD 8.8 million each, but equipment makers face shrinking profit margins as Nvidia takes tighter control of production.
Helen Cartwright 
Your Mortgage Just Got More Expensive. The Property Market Is Already Showing the Strain.
The RBA raised rates by 25 basis points on March 17, and Australian homeowners are immediately feeling the pain. Mortgage repayments are up, and the property market is signalling distress.
Andrew Marsh 
EU Broadcasters Push for Tech Gatekeepers on Smart TVs
Major European broadcasters have asked the EU to bring smart TV systems and voice assistants under tougher digital competition rules, citing growing market concentration among tech giants.
Mitchell Tan 
Petrol pump crises expose decades of neglect in Australia's fuel security
Petrol stations are running dry and fuel prices have surged as Australia's dependence on imported fuel collides with geopolitical disruption in the Middle East.
Aisha Khoury 
Essential workers face mounting fuel bills as Australia grapples with supply crisis
Australia's fuel shortage is forcing essential workers to absorb rising costs, as the government's conservation advice doesn't apply to those whose jobs demand they commute. The crisis reveals who shoulders the burden of geopolitical shocks.
Mitchell Tan 
Head chef departs Icebergs as Bondi icon navigates leadership crisis
Alex Prichard has stepped down as head chef of Sydney's iconic Icebergs Dining Room following months of turbulence at the Bondi restaurant, with plans to launch a new venture in Berry.
Ella Sullivan 
Australians to see superannuation boost from July, but most don't know yet
From July 2026, Australian employers must contribute 12% of wages to superannuation instead of 11.5%. The change will benefit millions of workers, yet awareness remains low.
Fatima Al-Rashid 
The $38 Million Bet: Why Investors Still Believe in Ultra-Fast Food Delivery
Swish has raised $38 million in its latest round, more than doubling its valuation to $139 million despite major competitors pulling back from instant food delivery.
Mitchell Tan 
Prediction markets tighten insider trading controls as political scrutiny grows
Prediction market platforms Kalshi and Polymarket have announced new safeguards to prevent insider trading, blocking athletes and politicians from wagering on outcomes they can influence. The moves come as Congress considers legislation to ban such trading entirely.
Sophia Vargas 
Musk hit with $2.1 billion verdict over Twitter tweets as jury tests limits of billionaire power
A jury has found Elon Musk liable for misleading Twitter investors with tweets sent during his $44 billion acquisition attempt in 2022. The verdict signals that even powerful figures face consequences for statements that move markets.
Darren Ong 
Electric trucks to hit Australian highways as major fleet rollout accelerates
Electric trucks are rolling onto Australian roads as fuel costs spike globally. Major manufacturers are ramping up production, with the first locally-built models arriving next year.
Tom Whitfield 
Apple's Maps Ad Gamble: Why Your Favourite App is About to Change
Apple is preparing to insert ads into its Maps app as soon as this month, marking its most aggressive push into monetising core user experiences. The move signals both Apple's services ambitions and a potential test of user patience.
Andrew Marsh 
SoftBank's Mega-Datacenter Deal Raises Questions About Who Pays for Infrastructure
SoftBank is building a 10-gigawatt AI datacenter in Ohio on former nuclear weapons facilities, with private partners funding $4.2 billion in grid upgrades intended to protect ratepayers.
Grace Okonkwo 
Polymarket's DC Stunt Spiralled Into Chaos as Rules Tightened
Polymarket's high-stakes bid to mainstream prediction betting hit a snag when its flagship Washington pop-up bar lost power on opening night, leaving guests without screens or data feeds.
Oliver Pemberton Record Revenue, Mass Layoffs: PlaySide's Restructure Exposes Cracks in Australian Game Development
Australia's largest game development studio is laying off staff despite record revenues, exposing the fragility of a business model reliant on contract work.
Jake Nguyen 
OnlyFans Billionaire Leonid Radvinsky Dies at 43 After Cancer Battle
Leonid Radvinsky, the reclusive billionaire who built OnlyFans into a multi-billion-dollar platform, has died at 43 after a battle with cancer.
Meg Hadley 
Grab's $600m Taiwan bet marks first move beyond Southeast Asia
Grab is paying $600 million to acquire Foodpanda's Taiwan operations, marking its first expansion beyond Southeast Asia and reshaping Asia's food delivery landscape.
Andrew Marsh 
London luxury chauffeur app Wheely launches in New York
London-based luxury chauffeur service Wheely has entered the US market, launching in New York City and signalling plans for expansion to five major US cities within three years.
Sophia Vargas 
SpaceX Takes Aim at Amazon's Satellite Datacenter Objection
SpaceX has fired back at Amazon's objections to its orbital datacenter plan, citing Blue Origin's own satellite application. The dispute underscores growing questions about whether space-based AI infrastructure is realistic.
Darren Ong