Seven West Media has confirmed significant redundancies and cost-saving measures will be undertaken at the company, amid its decision to implement a new operational model.
Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins.
If Australia scraps its climate targets on a promise of nuclear power, the economy may suffer as other nations will tax Australian exports, a mining CEO warns.
The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.
Interest rates are expected to be held steady by the Reserve Bank of Australia at its upcoming meeting as it keeps all options on the table for its next move.
The Australian share market has suffered its worst session in seven weeks, slumping badly after a blowout US jobs report pushed back expectations for when interest rate cuts would begin.