Companies

Albanese government announces east coast gas reservation policy, which will require producers to set aside 20% of export volumesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGas companies will be forced to set aside 20% of exports for domestic use under a reservation scheme designed to shore up supplies and bring down prices for households and businesses on the east coast.The federal government announced the design of the reservation scheme on Thursday as part of a wider overhaul of the mechanisms regulating the gas sector. Continue reading...

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...

• India's Centre has notified 100% foreign direct investment in insurance companies, easing prior 74% cap restrictions. • The policy change aims to attract global capital, potentially lowering premiums and expanding coverage for consumers. • It holds significance for LIC by enabling strategic partnerships and sector modernization amid rising demand.

• Y Combinator's security startup cohort has expanded to 103 funded companies, reflecting accelerating investment in cybersecurity solutions amid rising threat landscapes. • The proliferation of YC-backed security startups demonstrates investor conviction that emerging cyber threats create durable market opportunities and venture-scale business potential. • This growth underscores the strategic importance of security infrastructure across enterprise and consumer markets, with founders addressing gaps in traditional defense mechanisms.

• India's government approved amendments allowing overseas companies with Chinese or Hong Kong shareholding of up to 10% to invest in India under the automatic route, with notification expected soon under the Foreign Exchange Management Act. • The decision was communicated by the government on Thursday and will come into effect following official notification, marking a significant shift in India's foreign direct investment policy toward greater openness. • This policy change, approved in March 2026 through amendments to Press Note 3 of 2020, aims to attract increased Chinese investment while maintaining regulatory oversight of strategic sectors.

Agreements with artificial intelligence firms spark concerns over public spending, cyber security and domestic surveillanceSign up for the Breaking News US email to get newsletter alerts in your inboxThe Pentagon said on Friday it had reached agreements with seven leading artificial intelligence (AI) companies: SpaceX, OpenAI, Google, Nvidia, Reflection, Microsoft and Amazon Web Services.“These agreements accelerate the transformation toward establishing the United States military as an AI-first fighting force and will strengthen our warfighters’ ability to maintain decision superiority across all domains of warfare,” the Pentagon said in statement. Continue reading...

• TIME Magazine published its 2026 TIME100 Companies list highlighting top entertainment firms on April 28. • Apple leads for prioritizing streaming quality over quantity in its services. • Other notables include Beast Industries for building an empire from viral antics and Neon for championing foreign films.