Business
Companies
The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back
Two years after the dramatic implosion of Sam Bankman-Fried’s crypto exchange, customers have received some welcome news. But it is not as good as it sounds.
- by Michelle Chapman
Latest
Multinationals push back, blaming supermarkets for rising prices
Global companies like Nestle, Unilever, Coca-Cola and Mars face the possibility of a further inquiry into their role in rising grocery prices.
- by Jessica Yun
Opinion
Mergers & acquisitions
‘A joke’: The $2.2b deal with no detail that has left investors fuming
Hostilities have broken out over wealth powerhouse Perpetual’s deal to sell two of its major divisions and brand to private equity giant KKR.
- by Elizabeth Knight
Origin gets $410 million boost as stake in UK outfit Octopus soars in value
Australian power giant Origin’s stake in Britain’s Octopus Energy has gained hundreds of millions of dollars in value after the fast-growing UK company secured new backing.
- by Nick Toscano
Opinion
Social media
TikTok makes a stand against forced sale or ban in the US
TikTok has filed a court challenge against a recently-enacted US law that would force its Chinese parent to divest its US business or close it down.
- by Stephen Bartholomeusz
Opinion
Aviation
Sorry, not sorry: Qantas perfects the art of the non-apology
To suggest that the airline’s settlement over the ghost flights matter makes Qantas a trustworthy company is to be wilfully blind to its recent history.
- by Joe Aston
Opinion
Renewables
Not everyone will celebrate AGL’s improved profit outlook
Amid a cost-of-living crisis, energy companies have large targets on their backs, along with supermarkets, banks and airlines.
- by Elizabeth Knight
Bonza’s lessors push ahead with plans to remove planes from Australia
Lawyers told the Federal Court that Bonza’s aircraft leases had been terminated last week, while emails confirm its backers knew in March of a plot to shut it down.
- by Amelia McGuire
Swiss army knife goes blade-less as weapon rules tighten
The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade.
- by Paula Doenecke
Opinion
Aviation
How Qantas pulled off a soft landing on phantom flights
While the airline is up for $120 million in fines and compensation, Qantas could have ended up paying a far heavier price for its so-called “ghost flights”.
- by Elizabeth Knight
Qantas’ $225 and $450 compensation payments: What you need to know
The airline admitted it misled consumers by advertising tens of thousands of “ghost flights”. Here’s everything we know about what affected customers will get.
- by Jessica Yun and Amelia McGuire