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Latest news: Australia

Wesfarmers posts $1.5b first-half profit

Wesfarmers posts $1.5b first-half profit

Wesfarmers has continued to grow sales in all but two of its divisions, as it prepares to wind up loss-making Catch.

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

Telstra hikes dividend, announces $750m share buy-back

Telstra hikes dividend, announces $750m share buy-back

Telstra hikes dividend, announces $750m share buy-back

Telstra hikes dividend, announces $750m share buy-back

Telstra says it made $1.1 billion in profit in the six months to December 31, up 7.1 per cent from the same period in 2023.

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Regional house prices rise as capital city values fall

Regional house prices rise as capital city values fall

Australia’s historically affordable regional housing markets have continued to demonstrate resilience, compared to a price decline in capital cities.

'More gaps, more drop-outs': rise in complaints post-3G

'More gaps, more drop-outs': rise in complaints post-3G

Telcos have been urged to do better in rural Australia, with continued reports of poor mobile service and new black spots after the 3G mobile network closed.

Customers tapping mad as watchdog warns on card charges

Customers tapping mad as watchdog warns on card charges

A huge number of complaints over common transactions has Australia's consumer watchdog warning businesses big and small to bide by the laws or risk a fine.

Islamophobia accused sobs in court, victim traumatised

Islamophobia accused sobs in court, victim traumatised

A woman charged with attacking two Muslim women in separate assaults at a suburban shopping centre has appeared in court sobbing as she was remanded in custody.

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Plots to kill people in Australia foiled by spy agency

Plots to kill people in Australia foiled by spy agency

Plots to kill people in Australia foiled by spy agency

Plots to kill people in Australia foiled by spy agency

Plots by foreign agents to lure and kill dissidents have been foiled by the nation's spy agency, with at least three countries targeting people in Australia.

RBA breaks rate cut drought but farmers still battling

RBA breaks rate cut drought but farmers still battling

RBA breaks rate cut drought but farmers still battling

RBA breaks rate cut drought but farmers still battling

The RBA's first rate cut since late 2020 will provide some relief to Aussie farmers, but it won't do much to ease the difficulties facing the industry.

Death toll rises from disease linked with heavy rain

Death toll rises from disease linked with heavy rain

Death toll rises from disease linked with heavy rain

Death toll rises from disease linked with heavy rain

More people have died and others are suffering from a disease associated with heavy rain in a region lashed by floods and tipped to cop even more downpours.

Financial sector suffers worst loss in five weeks

Financial sector suffers worst loss in five weeks

Financial sector suffers worst loss in five weeks

Financial sector suffers worst loss in five weeks

The ASX200 was down 0.3 per cent at midday, on track for its third day of losses amid more weakness from the financial sector.

Community, Country 'ruptured' over iron ore mine damage

Community, Country 'ruptured' over iron ore mine damage

Community, Country 'ruptured' over iron ore mine damage

Community, Country 'ruptured' over iron ore mine damage

Traditional Owners are seeking $1.8 billion from an iron ore miner over economic loss and cultural damage at a Pilbara mine site.

One rate dip won't cut it with voters who want action

One rate dip won't cut it with voters who want action

One rate dip won't cut it with voters who want action

One rate dip won't cut it with voters who want action

Most Australians blame big corporations and not government for the rising cost of living so a lone interest rate cut won't sway their vote, polling indicates.

Wages slowdown boosts case for more rate cuts

Wages slowdown boosts case for more rate cuts

Wages slowdown boosts case for more rate cuts

Wages slowdown boosts case for more rate cuts

Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.

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Google, researchers team to teach AI Aboriginal English

More Indigenous Australians may be able to use artificial intelligence and access online services as researchers capture more data about the way they speak.

Clive Palmer echoes Trump in new political party launch

The new political party of billionaire mining magnate Clive Palmer echoes the policies of US President Donald Trump by aiming to "make Australia great again".

New additive shows promise in taming cattle emissions

Backers of a new livestock feed additive say its breakthrough key ingredient provides a low-cost solution for reducing methane emissions from cattle.

What the interest rate cut means for renters

Renters are hoping landlords will try a little kindness and pass on the benefit of interest rate cuts, but experts warn they shouldn't hold their breath.

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Santos cuts dividend, says Barossa project nearly done

Santos says its $5.7 billion offshore gas project north of Darwin that was disrupted by a court challenge from three Tiwi Islanders, is nearing completion.

Black Hawk helicopters to join Australian defence fleet

Twelve Black Hawk helicopters will be used for emergency and counter-terrorism operations in the ADF, after being fast-tracked from the United States.

Polluter pays: Greens' enter fray on insurance costs

Forcing gas and coal firms to contribute to disaster resilience and the reinsurance pool is the latest suggestion from a political party to bring down premiums.

Rates cut at last but 'no victory on inflation yet'

Australia's big four banks are already promising to pass interest rate cuts on in full after the Reserve Bank lowered the cash rate by 25 basis points.

Slight relief for borrowers after RBA slashes rates

The Reserve Bank's decision to cut interest rates by 25 basis points offers mortgage holders slight respite, but many are hoping for more substantial changes.

PM denies rate cut will impact election timing

Anthony Albanese remains coy on when Australians will head to the polls, after the Reserve Bank delivered cost-of-living relief for mortgage holders.

Calls for 'deeper focus' on Indigenous economic policy

The federal government must "rebalance and re-prioritise" social and economic policy to help close the gap, a First Nations group says.

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