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Breaking news from Sydney, Australia and the world. Features the latest business, sport, entertainment, travel, lifestyle, and technology news.
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News
Nike is collapsing. Yes it went woke, but that’s not why it’s going broke
4+ day, 1+ hour ago (547+ words) Updated September 10, 2026 — 3:50pm,first published 3:47pm This week there’s been era-defining upheaval in the capitalist cultural zeitgeist: sportswear icon and behemoth Nike has suffered such a loss in market value it’s set to crash out of the top 100 companies on the US…...
As Trump’s Iran war drags on, we’re facing the next oil crunch
5+ day, 5+ hour ago (1164+ words) September 9, 2026 — 12:11pm Oil prices are approaching $US100 a barrel as hostilities in the Middle East have flared again, threatening a new burst of global energy-related inflation and economic pain. Despite the aggressive (and horrendously expensive) US naval and military presence in and…...
Trump would plunge the US into crisis if he carried out his latest bizarre threat
1+ week, 5+ hour ago (998+ words) September 7, 2026 — 11:58am It is doubtful whether Trump has the power to carry out that threat or whether the Fed would take any notice of it. He also doesn’t appear to appreciate that, if he were able to do what he is…...
‘Closer to the red line’: The perfect storm keeping economists awake at night
1+ week, 22+ hour ago (1049+ words) September 6, 2026 — 7:30pm Enormous government budget deficits and technology companies’ insatiable demand for cash are threatening to create a credit crunch that could precipitate a wave of global economic turmoil. This warning from leading economists follows concerns from big businesses, central banks…...
How cheap drones are upending the big business of defence
1+ week, 1+ day ago (1238+ words) September 6, 2026 — 5:00am The lower price and high impact of drone warfare is pushing down the financial costs of aerial bombardment, forcing a rethink from militaries and governments. At the same time, the blistering pace of drone innovation is also disrupting traditional…...
Lindian locks in 20yr offtake deal for Kazakhstan rare earths product
1+ week, 4+ day ago (584+ words) September 3, 2026 — 12:53pm Soon-to-be rare earths producer Lindian Resources has inked a binding strategic partnership with French rare earths specialist Carester, locking in an offtake agreement for up to 20 years and kicking off plans for a major downstream oxide separation facility in…...
The world is in a debt spiral and alarm signals are going off
1+ week, 6+ day ago (1207+ words) September 1, 2026 — 12:10pm Global bond yields are reaching levels not seen in nearly two decades, creating a threat to economic and financial stability around the world. It’s a threat that has been exacerbated by US policies. On Monday, Japan’s 10-year bond yield…...
‘Urgent attention’: The desperate emails Star ignored before a tragic death
1+ week, 6+ day ago (839+ words) September 1, 2026 — 5:00am Scandal-tainted casino giant Star ignored multiple internal warnings to fix a glaring safety gap on the Sky Deck of Australia’s newest casino before a young casino worker used it to take her own life. Leaked internal documents reveal that…...
Trump says US has agreed to deal with Venezuela to take control of 65 billion barrels of oil reserves
2+ week, 2+ day ago (500+ words) August 29, 2026 — 9:55am Washington: President Donald Trump says the US has entered into an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves. Trump, in a social media post, announced the deal was negotiated by…...
Beijing warns it will not sever ties with Iran after US vows ‘economic D-Day’
2+ week, 5+ day ago (391+ words) August 25, 2026 — 10:25pm Beijing: China has fired a warning shot at Washington, making clear it won’t cease cooperating with Iran and was prepared to retaliate if the Trump administration continued with fresh sanctions. In a move that sets up another potential collision…...