Anastasia Santoreneos

Australia’s national carrier Qantas has seen its statutory profits after tax take a near-30% hit, which the airline says is due to moderating fare prices.

It’s okay to put your work phone on ‘do not disturb’ out of office hours, according to new laws coming into effect on August 26, 2024.

Payment company Shift4’s founder and billionaire Jared Isaacman is headed off on the Polaris Dawn mission, which is scheduled to take place from August 26. And, he’ll be one of the first private citizen’s to take a walk in outer space.

Five-star accommodation, a pool, tennis court, sauna and fully kitted-out gym sound like the beginnings of a great getaway. And to some extent, luxury rehab facility Highlands Recovery in New South Wales is a getaway. But, as CEO Cameron Francis tells Forbes, it’s a lot more than that.

Eighteen Australian companies have made Forbes Asia’s Best Under a Billion list, which highlights 200 Asia-Pacific public companies with less than $1 billion in revenue and consistent top-and-bottom-line growth.

Australian venture capital firm OneVentures, headed up by Michelle Deaker, has just launched its seventh fund, targeting $200 million.

The Reserve Bank of Australia is expected to keep rates on hold at 4.35% when it meets this afternoon after softer-than-expected inflation data and a share market bloodbath.

Emily Hamilton launched her viral beauty brand Coco & Eve in 2018, bootstrapped by her and husband Alexander Ostrowksi. Fast-forward to today, and the company’s just sold a majority stake in the business to US private equity firm Gauge Capital – and says it’s on track to exceed $120 million in revenue for the 2024 calendar year.

Australian venture capital firm Foxglove Capital says fusion energy is the “ultimate energy source” – and its backed US fusion energy company Type One to prove it.

Hours after entering a trading halt, Rex Airlines has entered voluntary administration, cancelling all flights between major airports.