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Latest news: Australia

Tax cuts put away for rainy day as spending spree ends

Tax cuts put away for rainy day as spending spree ends

After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Australia Post expects dog attacks to reduce as a fleet of stealthy electric delivery vehicles grows, but warns of more work to be done to turn a profit.

Businesses to unleash unsupervised AI within 3 years

Businesses to unleash unsupervised AI within 3 years

Businesses to unleash unsupervised AI within 3 years

Businesses to unleash unsupervised AI within 3 years

Generative AI tools are doubling in popularity among executives, research has found, and most are preparing to deploy the technology without oversight.

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Shipbuilder eyes profit bounty from sovereign naval hub

Shipbuilder eyes profit bounty from sovereign naval hub

Defence contractor Austal looks forward to busier Australian shipyards after returning to profit and settling a fraud investigation in the United States.

Warmer than average Spring to follow warm Winter

Warmer than average Spring to follow warm Winter

Extra Spring rain is expected in parts of the nation while all Australians can prepare for a warmer-than-average three months ahead.

Land council 'put on notice' after independent review

Land council 'put on notice' after independent review

The minister for Indigenous Australians has put a land council's board and management on notice over governance, operations and decision-making issues.

Sydney Opera House showcasing Hollywood's broken dreams

Sydney Opera House showcasing Hollywood's broken dreams

The classic tale Sunset Boulevard debuts at the Sydney Opera House three decades after the Andrew Lloyd Webber musical first launched on the Australian stage.

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More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

Australia's economy has been barely limping along and more weakness is anticipated in upcoming national accounts data.

Australian shares fall on AI chip maker disappointment

Australian shares fall on AI chip maker disappointment

Australian shares fall on AI chip maker disappointment

Australian shares fall on AI chip maker disappointment

The ASX200 has fallen 0.3 per cent, with sentiment dampened by an earnings letdown from AI chip maker Nvidia, the world's second-most valuable company.

Bank chiefs don't rate a quick end to costs crunch

Bank chiefs don't rate a quick end to costs crunch

Bank chiefs don't rate a quick end to costs crunch

Bank chiefs don't rate a quick end to costs crunch

Interest rates might have reached their peak but the head of Westpac says many households are still grappling with tight budgets.

Budget bliss as Kmart brand helps bag Wesfarmers profit

Australian conglomerate company Wesfarmers has lifted its profit by 3.7 per cent on the previous year as consumers snapped up affordable products at Kmart.

Gold producer says future of $1b mine remains unclear

Gold producer says future of $1b mine remains unclear

Gold producer says future of $1b mine remains unclear

Gold producer says future of $1b mine remains unclear

Regis Resources says it has a big task ahead of it to proceed with a gold mine in country NSW, part of which has been blocked by a federal protection order.

Snack food giant calls for sustainability sweeteners

Snack food giant calls for sustainability sweeteners

Snack food giant calls for sustainability sweeteners

Snack food giant calls for sustainability sweeteners

As manufacturing and supply chain costs rise, Australian chocolate company says more incentive is needed to sweeten the sustainability deal.

Supercars champion Kostecki motors his way to DJR

Supercars champion Kostecki motors his way to DJR

Supercars champion Kostecki motors his way to DJR

Supercars champion Kostecki motors his way to DJR

Brodie Kostecki has confirmed his departure from Erebus Motorsport following an off-season contract dispute and will drive for Dick Johnson Racing from 2025.

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Lithium stalwart barely breaks even as rout continues

The world's largest hard-rock lithium mine has kept critical minerals producer IGO in the black, bankrolling a smaller dividend and offsetting nickel woes.

Qantas releases the loyalty parachute as profits fall

Qantas Group says it made $1.25 billion in profit in 2023/24, down 28 per cent from last year, but its on-time performance and customer approval levels rose.

Energy 'reliability gaps' ahead for homes, businesses

New sources of power and transmission must be built "on time and in full" to secure the nation's electricity grid, the Australian market operator has warned.

'Not a fun time': Mineral Resources annual profit drops

Mineral Resources is "throwing everything off the deck" to ride out the lithium price slump, after its full-year profit fell by more than half.

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Pledge to bring Australia's ambassador back to Ukraine

The coalition is vowing to move Australia's ambassador back to Ukraine after the embassy was moved when Russia invaded the eastern European nation.

Sanctuary burning: sting in the tail for mangrove rays

A particular type of habitat that could serve as a temporary sanctuary for stingrays is set to become too hot to handle.

Home sweet home: the places people never leave

Waterside suburbs and areas with idyllic lifestyles are unsurprisingly among the tightest-held property markets in the country, new data reveals.

Challenge to act on 'tragedy' of defence suicides

Federal departments can't be trusted to solve military suicides alone and the government must intervene to stop the "crisis", Royal Commissioners warn.

Australia missed 'starters' gun' in race for green jobs

Rebuilding the nation's manufacturing sector is crucial for decarbonisation but Australia has been distracted by "climate cultural wars", a union has warned.

Shares recoup losses to end flat as Aussie dollar rises

The ASX200 finished 0.2 points higher after being down as many as 62 points in morning trading, while the Australian dollar briefly traded over 68 US cents.

Inflation steps down but ladder still steep for RBA

A mixed set of inflation numbers are unlikely to move the needle for the Reserve Bank as it weighs interest rates and persistent price pressures.

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