Economy · June 2026

HSBC has been fined for failures in handling scams in Australia, with regulators citing inadequate protections for customers. BHP flags a $2.3 billion write-down on its potash project as costs rise. Two new Sydney schools have been revealed to ease the crowding crisis in a growing suburb. Australia opens its first carbon refinery, producing new products from captured CO2. A warning has been issued over Australia's ambitions to become a global data centre hotspot. Woodside expects LNG and oil sales to rise 50% as investments from the US to Australia pay off.