Defying the trend of video shops closing their doors, one store in Thirroul, the longest-serving business in town, has survived for almost 40 years. The owners share their secrets of success.

About one third of large companies have failed to pay tax even when they made a gross profit, but the Tax Office says most have good reasons, according to the latest tax transparency report released today.

Brisbane is named as one of the "greatest places" in the world in a list of 50 extraordinary destinations that includes Budapest, and Barcelona.

While Taylor Swift's fans pride themselves on keeping up with her clues, even they were caught off guard by the news a new album is on its way. 

Local shares make gains, but Fortescue shares drop, while Qantas CEO Alan Joyce fronted a parliamentary committee on cost of living. Look back on the day's financial and business news with our blog.