A viral film clip from a band created entirely by artificial intelligence is one “ingenious” use of the technology,but Andrew Leigh is worried about a monopoly.
Not all sectors or companies were equal in their ability to pass inflationary pressures onto customers through increasing prices.
Australian industries are dominated by four or fewer businesses,at a much higher rate than in the United States,independent analysis has found.
Qantas boss Alan Joyce has been summoned to appear before the Senate next week to answer questions about the airline and the cost of living.
Qantas cancelled more than one in 10 flights from Canberra to Sydney in July – three times as many flights as rival Virgin Australia.
Jim Chalmers has asked Treasury for options to toughen competition laws to protect consumers from big companies with too much market power.
Central bankers believe their theory gives them understanding how the economy works,but less competition has cut the power of interest rates to reduce inflation.
WA households will get a credit on their power bill as the state-owned power generator makes amends for breaking power market rules seven years ago.
The profitability of the big four banks’ New Zealand businesses will go under the microscope as part of a new inquiry launched by the NZ government.
The backlash against the world’s tech giants is gathering pace. The potential ramifications could be dire.
Adam Smith,author of The Wealth of Nations,would be 300 this week. But if he held a birthday party,he’d have questions about the dominance of big business.