CBA $11b profit, mortgage warning; SME closures surge; heatwaves spur air-con clothing

Thursday 13 August 2026

The Commonwealth Bank announces an $11 billion profit but warns that the economy, and housing market, are slowing. 

• The number of SME exits surges, as the economic going gets tough
• The federal coalition provides more details of its immigration policy
• Insurer Suncorp says it had to pay out on 32 separate weather events over the past year
• Asia is going crazy for air-conditioned clothing, to combat the increasingly number of heatwaves

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