Alphabet Q1 tops estimates, Google Cloud revenue soars
Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, as enterprise spending on artificial intelligence delivered the best quarter of growth for its cloud unit since the start of…
Amazon reports strong Q1 profit, cloud unit sales rise
Amazon has reported strong increases in profits and net sales during its fiscal first quarter, helped by surging growth in its prominent cloud computing unit. The e-commerce and technology company…
Australia’s co-working boom moves from city to suburbs
More Australians are taking up desks in coworking spaces, as the flexible venues move beyond Australia’s capital cities and into the suburbs and regional areas. Flexible Workspace Australia’s 2026 industry…
‘Exhausted’: housing supply hit as affordability dips
The Iran war could result in Australia building 33,000 fewer homes than planned, the government’s independent housing adviser has warned. Australia was making ground on its housing supply targets before…
China agreed to co-operate on jet fuel exports: Wong
The Chinese government has agreed to co-operate with Australian businesses on jet fuel shipments, Australian Foreign Minister Penny Wong says, suggesting China could loosen curbs on exports imposed amid supply…
US Fed holds rates, three members dissent on ease bias
The Federal Reserve has held interest rates stead but in its most divided decision since 1992 noted rising concerns about inflation in a policy statement that drew three dissents from…
Batteries undercutting gas, keeping lid on power bills
Australian power grids have proven far more resilient to the latest global energy crisis compared with the Russia-Ukraine war, bolstered by battery boom and subdued local gas prices. A ballooning…
Top economist lays out three tests for Labor in budget
Reining in the National Disability Insurance Scheme and property investor tax breaks could save the budget $30 billion over four years, the chief economist at Australia’s biggest bank says. Luke…
Security agencies in Bondi royal commission spotlight
Possible intelligence and security failures before the deadly Bondi Beach terror attack will headline initial findings from a high-level probe. The Royal Commission on Anti-Semitism and Social Cohesion’s interim report…
Bill hikes loom as shrinking gas pool pays for network
Every day, Australians are buying gas stoves and heaters with no clue their bills are projected to balloon as other customers abandon the network in droves. Consumers should be warned…