The Sydney Morning Herald — Business

The Sydney Morning Herald — Business

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Australia economy/RBA

Perth Biotech at Cutting Edge of the Future of Medicine
NewsApr 23, 2026

Perth Biotech at Cutting Edge of the Future of Medicine

Syngenis, a Perth‑based biotech, is converting its research‑grade oligonucleotide lab into Australia’s first GMP‑certified facility, enabling local production of clinical‑grade DNA and RNA strands. The move could bring back roughly AUD 160 million (about US 105 million) of annual overseas GMP work, tapping into...

By The Sydney Morning Herald — Business
The Michael Jackson Biopic and Other New Movies Everyone Will Be Talking About This Week
NewsApr 23, 2026

The Michael Jackson Biopic and Other New Movies Everyone Will Be Talking About This Week

This week’s Australian cinema slate includes four distinct releases: Genki Kawamura’s art‑house thriller *Exit 8* (95 min, ★★★½), the estate‑backed Michael Jackson biopic *Michael* (123 min, ★★★), the gritty MMA drama *Beast* (97 min, ★★★½), and the pastoral romance *Alphabet Lane* (80 min, ★★★). *Michael* trims...

By The Sydney Morning Herald — Business
Restaurant of the Year Nominee Onzieme Closes as ACT’s Dining Scene Struggles
NewsApr 19, 2026

Restaurant of the Year Nominee Onzieme Closes as ACT’s Dining Scene Struggles

Onzieme, a five‑year‑old Canberra brasserie and 2025 Restaurant of the Year nominee, will serve its final meal on May 30 after owner Louis Couttoupes cited relentless staff poaching and wage gaps that forced him to shoulder training costs. The closure mirrors...

By The Sydney Morning Herald — Business
Pretty, Playful, Polished: New-Season Day Dresses Starting From $100
NewsApr 17, 2026

Pretty, Playful, Polished: New-Season Day Dresses Starting From $100

Australian fashion labels have unveiled a new‑season collection of daytime dresses priced between $100 and $650, targeting casual‑polish occasions such as lunches, baby showers and birthdays. The line features fluid silhouettes in cotton‑linen blends, silk, and prints ranging from delicate...

By The Sydney Morning Herald — Business
From Our Youngest to Longest-Serving Journos, This Is What the Herald Means Today
NewsApr 17, 2026

From Our Youngest to Longest-Serving Journos, This Is What the Herald Means Today

The Sydney Morning Herald, founded in 1831, has witnessed Sydney’s growth from a 16,000‑person settlement to a 5.3 million‑person metropolis. Its reporting has chronicled the city’s demographic, infrastructural, and cultural milestones while shaping national conversations. Today, the paper blends veteran journalists’...

By The Sydney Morning Herald — Business
Donald Trump Blockade of Iranian Ports Begins
NewsApr 14, 2026

Donald Trump Blockade of Iranian Ports Begins

President Donald Trump ordered a naval blockade of the Strait of Hormuz on April 14, 2026, positioning U.S. warships off Iran’s coast. The move targets Iranian ports in an effort to force Tehran back to nuclear negotiations. Early reports indicate...

By The Sydney Morning Herald — Business
Qantas Slashes Domestic Flights Amid Fuel Crisis
NewsApr 14, 2026

Qantas Slashes Domestic Flights Amid Fuel Crisis

Qantas announced a significant reduction in its domestic flight schedule, blaming soaring jet‑fuel prices that have been amplified by the ongoing Middle East conflict. The airline said the cost pressure makes several routes financially unsustainable, prompting cuts across major city...

By The Sydney Morning Herald — Business
‘Quite Bizarre’: WA Premier Lashes ‘Opportunistic’ Qantas After Busselton to Sydney Flights Scrapped
NewsApr 14, 2026

‘Quite Bizarre’: WA Premier Lashes ‘Opportunistic’ Qantas After Busselton to Sydney Flights Scrapped

Qantas subsidiary Jetstar announced the suspension of its Sydney‑to‑Busselton service until September, blaming soaring jet‑fuel costs linked to the Iran conflict. The airline estimates an extra $600‑$800 million in fuel expenses for the first half of 2026, prompting a 5% cut...

By The Sydney Morning Herald — Business
First Woman to Lead the Army, Navy Chief Now New Head of Defence Force
NewsApr 13, 2026

First Woman to Lead the Army, Navy Chief Now New Head of Defence Force

Navy chief Mark Hammond, a former submariner with 40 years of service, will assume the role of Australian Defence Force chief in July 2026 after Defence Minister Richard Marles accepted the resignation of David Johnston. At the same time, Lieutenant General...

By The Sydney Morning Herald — Business
IKEA Winds Back Its Famous 365-Day Refund Policy
NewsApr 13, 2026

IKEA Winds Back Its Famous 365-Day Refund Policy

IKEA announced that opened or assembled items must now be returned within 60 days in Australia and New Zealand, replacing its iconic 365‑day policy. The change, effective April 9, limits refunds to store credit rather than original payment methods. Unopened, unused goods...

By The Sydney Morning Herald — Business
Horizontal Falls Tourism Extended to 2028 as State Tips $5 Million Into Infrastructure
NewsApr 13, 2026

Horizontal Falls Tourism Extended to 2028 as State Tips $5 Million Into Infrastructure

The Western Australian government has approved a $5 million infrastructure package to support Indigenous‑led tourism at Horizontal Falls, extending commercial gap‑ride access through the 2028 season. A new Working Group of Dambimangari traditional owners and tour operators will limit rides to...

By The Sydney Morning Herald — Business
Creating AI Deepfakes of Real People to Be Made Illegal in Queensland
NewsApr 12, 2026

Creating AI Deepfakes of Real People to Be Made Illegal in Queensland

Queensland will criminalize the creation of non‑consensual sexual deepfake images, closing a legal gap that currently only bans distribution. Attorney‑General Deb Frecklington announced the proposal, which carries up to three years imprisonment for offenders. The government will begin expert consultations...

By The Sydney Morning Herald — Business
Teen Pilot Aiming to Fly Solo Around Australia
NewsApr 9, 2026

Teen Pilot Aiming to Fly Solo Around Australia

Seventeen‑year‑old Rose Donald is preparing to fly solo around Australia in an effort to break the world record for the youngest pilot to complete a circumnavigation. The planned flight will cover roughly 14,000 km, taking her across the continent’s coastal cities...

By The Sydney Morning Herald — Business
ASX Set to Retreat, Wall Street Loses Steam After Trump’s Threat to ‘Take Out’ Iran; Oil Rises
NewsApr 6, 2026

ASX Set to Retreat, Wall Street Loses Steam After Trump’s Threat to ‘Take Out’ Iran; Oil Rises

President Donald Trump warned Iran could be "taken out in one night," reigniting geopolitical risk and pushing oil prices higher. U.S. equities posted modest gains—S&P 500 up 0.3%, Dow 0.2%, Nasdaq 0.5%—while Australian futures slipped about 1.1% at the open. Brent...

By The Sydney Morning Herald — Business
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