Business
Companies
Has COVID-19 changed shopping forever?
From smaller shops to major chains, the exodus from Australia's inner cities is having a profound effect on retail and shoppers.
- by Dominic Powell and Simon Johanson
Latest
Commercial real estate
Amazon extends footprint as e-commerce underpins industrial property
Internet retail giant Amazon has extended its footprint with a new fulfilment centre in Melbourne's western suburbs as it builds on the momentum of online shopping that has swelled with shoppers forced indoors during global pandemic lockdowns.
- by Carolyn Cummins
Commercial real estate
High vis has high hopes for Bridge Rd store
High-vis work wear retailer RSEA Safety is set to open in the former furniture showroom at 345 Bridge Road, next door to the town hall.
- by Nicole Lindsay
Commercial real estate
Office vacancy hits double digits as workers stay at home
The embattled CBD office sector is forecast to reach double digit vacancy rates in the coming year with sublease space even higher which is forcing landlords to reassess rental charges to entice tenants to stay.
- by Carolyn Cummins
Commercial real estate
Adaptable childcare hub designed for 100-year cycle
Referred to as the Sunflower, the Bayswater Early Years Hub also tracks the sun as it moves from east to west.
- by Stephen Crafti
Pharmaceuticals
Sigma Healthcare manager charged with insider trading
The corporate regulator has alleged the employee sold shares while in possession of insider information about major contract negotiations.
- by Emma Koehn
Oil
BP to shut Australian oil refinery, leaving just three in the country
BP will shut one of Australia's last remaining oil refineries, triggering hundreds of job losses and increasing the nation's reliance on imported fuels.
- by Nick Toscano
Energy
Origin cuts back gas drilling as pandemic drain hits exports
Origin has curtailed drilling at its Queensland gas operations in the latest sign of the severity of COVID-19's impact on the energy market.
- by Nick Toscano
Startups
'Hard yakka' as Atlassian's profit takes a hit
Australian software giant's shares slump on the Nasdaq after it flagged slower revenue through the remainder of financial year.
- by Cara Waters
Apple
Apple stock pulled down by weak iPhone sales, China demand
Weaker than expected iPhone sales sent Apple's shares down 5.9 per cent in after-hours even as the tech giant's revenue and profit did better than Wall Street expected, thanks to booming Mac and AirPods sales.
- by Stephen Nellis
Amazon
Amazon, Apple, Google, Facebook: Tech giants report higher profits
Five US technology giants were reporting earnings today, providing the latest indication of whether they are rebounding from the coronavirus slowdown.
- by Associated Press