Top Australia Business and Tech News
Today's key Australia business and tech news include updates on economic forecasts, corporate developments, and major technology launches, reflecting significant industry shifts and innovations.
Business News Highlights
- GDP growth for the year to June reached 1.8%, surpassing Reserve Bank expectations, which may affect the timing of upcoming interest rate cuts.
- NAB and Westpac will release important business and consumer sentiment surveys this week, reflecting a recent uptick in confidence metrics.
- Commonwealth Bank of Australia (CBA) remains a focus due to its market leadership and consistent workplace culture, with share price outlooks discussed widely in investment circles.
- Economist Aaron Morey has been named chief executive of Chamber of Minerals and Energy WA, and mining contractor NRW Holdings is expanding into the data centre sector after acquiring Sydney-based Fredon.
- ASX-listed Accent Group is expanding retail stores and expects a robust dividend yield, with further store launches and new distribution agreements planned for FY26 and beyond.
Tech News Highlights
- Hisense renewed its FIFA World Cup sponsorship and showcased new RGB MiniLED TV technology at IFA 2025, signaling continued investment in advanced consumer electronics.
- TCL targeted further Australian growth with Olympic sponsorships and television technology innovations.
- YouTube Shorts announced new AI-powered creation tools, accelerating digital content trends.
- Avid unveiled automation and AI breakthroughs ahead of IBC2025, marking pivots in media production innovations.
- The Australian Competition and Consumer Commission (ACCC) has commenced Federal Court proceedings against Google Asia Pacific over alleged anti-competitive conduct.
- Paramount+ Australia renewed NCIS: Sydney for a third season, highlighting continued investment in local tech-enabled media production.
Market and Industry Trends
- Data centre investment is accelerating, exemplified by acquisitions and expansions from major contractors such as NRW and multinational tech giants.
- Australian retailers and brands are rapidly adopting AI and cloud solutions in operations, as digital personalization and networking security become mainstream priorities.
- Significant partnerships and acquisitions continue shaping the business and tech landscapes, with notable deals in cloud audio technology, AI-driven inventory management, and advanced audio production.
These stories showcase the latest movement in Australia's business and tech sectors, highlighting economic influences, strategic corporate actions, and accelerating technology trends.