Business & Markets

Laurence Escalante Faces 17 Charges as VGW Founder Appears in Perth Court

PERTH, 26 February 2026 – Laurence Escalante, the billionaire founder of Virtual Gaming Worlds (VGW), appeared before the Perth Magistrates Court today as his legal situation intensified with the addition of nine new criminal charges. The 44-year-old tech entrepreneur, who built a global sweepstakes gaming empire from Western Australia, now faces a total of 17 […]

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Western Power Grid Stability and New 1GWh Battery Project Update 2026

PERTH, 26 February 2026 – Western Power continues to navigate a complex landscape of infrastructure modernisation and grid reliability as Western Australia’s energy transition accelerates. As a State Government-owned corporation, the utility is currently balancing the maintenance of its vast traditional network with the urgent requirements of the “Clean Energy Link” and large-scale battery integrations.

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ACCC vs Coles: Watchdog Seeks $150m Penalty in Federal Court Finale

SYDNEY, 25 February 2026 – The high-stakes Federal Court battle between the Australian Competition and Consumer Commission (ACCC) and Coles Supermarkets has reached a critical juncture today, as the consumer watchdog delivered its closing submissions in a case that could redefine Australian retail pricing. The ACCC alleges that Coles engaged in deceptive pricing practices by

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Australian Inflation Hits 16-Month High as RBA Rate Hike Fears Grow

CANBERRA, 25 February 2026 – Fresh data released today by the Australian Bureau of Statistics (ABS) has sent shockwaves through financial markets, revealing that underlying inflation in Australia has climbed to a 16-month high. The figures have immediately intensified pressure on the Reserve Bank of Australia (RBA) to consider further interest rate hikes to bring

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RBA and Fed Hold Rates Steady as Global Inflation Path Remains Uncertain

CANBERRA, 25 February 2026 – Global financial markets remain in a state of cautious observation this week as central banks, led by the U.S. Federal Reserve and the Reserve Bank of Australia (RBA), signal a “wait-and-see” approach to interest rate adjustments. Despite a moderation in headline inflation figures, policymakers warn that the path to a

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WiseTech Global ASX WTC Revenue Jumps 76 Percent Amid FY26 Volatility

SYDNEY, 25 February 2026 – WiseTech Global Ltd (ASX: WTC) is the primary focus of the Australian share market today following the release of its highly anticipated first-half financial results for the 2026 fiscal year. The logistics software giant reported a massive surge in revenue, though the share price continues to navigate significant volatility amidst

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Kerry Stokes Exits Media as Seven Group Launches $13.2bn BlueScope Bid

PERTH, 20 February 2026 – Australian billionaire Kerry Stokes has officially concluded his tenure as a media chairman, marking the end of an era for one of the nation’s most influential business figures. The transition comes as his conglomerate, Seven Group Holdings (SGH), pivots its focus toward heavy industry and a massive multi-billion dollar play

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Target Faces Critical 2026 Earnings Call Amid Sales Slump and New Strategy

MINNEAPOLIS, 20 February 2026 – Target Corporation is currently navigating a pivotal transition period as it prepares to report its fiscal fourth-quarter earnings on 3 March 2026. Under the leadership of new CEO Michael Fiddelke, the retail giant is facing a challenging economic landscape marked by cautious consumer spending and a strategic shift in corporate

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Live Nation Faces Antitrust Trial as 2025 Financial Results Loom

BEVERLY HILLS, 19 February 2026 – Live Nation Entertainment (NYSE: LYV) is under intense scrutiny today as the company prepares to release its fourth-quarter and full-year 2025 financial results. The announcement comes at a pivotal moment, as a United States federal court just hours ago denied the entertainment giant’s bid to dismiss a Department of

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Zip Share Price Crashes 30% Despite Record 1H FY26 Financial Results

SYDNEY, 19 February 2026 – The Zip Co Limited (ASX: ZIP) share price has experienced a day of extreme volatility, crashing by more than 30% during Thursday’s trading session. Despite the company reporting record-breaking financial results for the first half of the 2026 financial year (1H FY26), investors appear to have engaged in a massive

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