Profits good but outlook poor; NAB boss calls for productivity overhaul; 3m Tesla recall

Tuesday 25 August 2026

Corporate earnings season produces higher profits, but the outlook darkens. 

• KPMG sacks hundreds of staff
• Nearly 3 million Teslas are recalled
• The Fair Work Commission fights back against workers using AI to make claims against bosses
• Shipping through the Panama Canal disrupted by a lack of water, as the Strait of Hormuz remains effectively closed

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