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Latest news: Australia

'We're not the Soviet Union': PM on supermarket chains

'We're not the Soviet Union': PM on supermarket chains

Australians working for major supermarket chains would lose their jobs if the federal government forced them to break-up, Anthony Albanese says.

Medibank half-year profit up 16pct on non-resident gain

Medibank half-year profit up 16pct on non-resident gain

Medibank half-year profit up 16pct on non-resident gain

Medibank half-year profit up 16pct on non-resident gain

Health insurer Medibank Private has reported a 16 per cent rise in first-half profit and claims customer growth has recovered from its 2022 cyber attack.

Lower fares blamed for Qantas' descending profit

Lower fares blamed for Qantas' descending profit

Lower fares blamed for Qantas' descending profit

Lower fares blamed for Qantas' descending profit

Qantas says fare cuts are behind a $183 million reduction in its first-half profit, as it unveils measures to enhance the on-board experience for passengers.

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Nine dials down profit, wants social media to pay more

Nine dials down profit, wants social media to pay more

Media giant Nine blamed a 21 per cent decline in first-half profit on weaker advertising and called on social media giants to better compensate news outlets.

Lithium giant Pilbara Minerals profit drops, defers div

Lithium giant Pilbara Minerals profit drops, defers div

Pilbara Minerals is digging in as lithium prices remain depressed, deferring dividends for shareholders after an 82 per cent slide in half-year net profit.

IGO profit halves amid nickel slump, shine off lithium

IGO profit halves amid nickel slump, shine off lithium

Critical minerals company IGO is the latest to slash the value of Western Australian nickel mines after a price slump for the battery metal.

Advancing AI fuels ‘epidemic’ of online financial scams

Advancing AI fuels ‘epidemic’ of online financial scams

Criminal gangs are harnessing the power of artificial intelligence to launch sophisticated and widespread online scams, experts have warned.

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More first-time buyers facing mortgage stress

More first-time buyers facing mortgage stress

More first-time buyers facing mortgage stress

More first-time buyers facing mortgage stress

Higher interest rates are a double-edged sword for wannabe home buyers - shortening the time to save for a deposit but pushing up mortgage repayments.

Eyre Highway remains closed in WA amid bushfire

Eyre Highway remains closed in WA amid bushfire

Eyre Highway remains closed in WA amid bushfire

Eyre Highway remains closed in WA amid bushfire

Part of the Eyre Highway in WA remains shut as a bushfire burns out of control amid strong winds and high temperatures.

Education program to boost workers in technology sector

Education program to boost workers in technology sector

Education program to boost workers in technology sector

Education program to boost workers in technology sector

A partnership between the government and Tech Council of Australia will see young people take part in training programs to gain skills in the tech sector.

Aussie aluminium next on chopping block, Rio warns

Aussie aluminium next on chopping block, Rio warns

Aussie aluminium next on chopping block, Rio warns

Aussie aluminium next on chopping block, Rio warns

Iron ore and copper giant Rio Tinto has reported a fall in profit on lower commodity prices and warns the future of aluminium depends on the energy rollout.

Fashion industry on a 'watchlist' over climate impact

Fashion industry on a 'watchlist' over climate impact

Fashion industry on a 'watchlist' over climate impact

Fashion industry on a 'watchlist' over climate impact

The federal environment minister has warned the clothing industry is on a "watchlist" as she considers intervention to reduce fashion's climate impact.

Australian shares fall as miners dip, Woolies plunges

Australian shares fall as miners dip, Woolies plunges

Australian shares fall as miners dip, Woolies plunges

Australian shares fall as miners dip, Woolies plunges

The ASX market has finished down 0.7 per cent as Woolworths plunged 6.6 per cent to a more than one-year low, while CSR soared on takeover speculation.

Australia needs to 'back' itself as agri tech leader

Australia needs to 'back' itself as agri tech leader

Australia needs to 'back' itself as agri tech leader

Australia needs to 'back' itself as agri tech leader

Australians don't "back ourselves" despite being a world leader in agri tech, with more investment needed in female founders, a conference has heard.

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Farmers urge Labor leaders to fight carbon capture plan

A farming lobby says Labor leaders whose states need the Great Artesian Basin should be fighting a carbon capture and storage trial in Queensland.

Australia needs more batteries, EVs and electricians

Australia needs to recruit more female electricians, deploy more home solar batteries and connect electric cars to the grid, a Senate inquiry has heard.

Data could end year-long holiday home tax breaks

The outgoing ATO boss said new data methods could stop Airbnbs being claimed for tax deductions when they're not being rented out.

Domino's half-year profit drops 19pct, dividend cut

Domino's Pizza has had a 19 per cent fall in first-half profit and now plans to more widely apply tactics that have raised appetites in Australia.

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Unis need new angle for attracting Indigenous engineers

A group of Melbourne University Indigenous staff and students from the Faculty of Engineering and Information Technology is visiting regional areas to talk STEM

PM urges detained writer's release after appeal waived

Jailed writer Yang Hengjun has made the "difficult" decision not to appeal his suspended death sentence out of fear it will impede needed medical treatment.

Westpac confuses councils, apologises for Mr Bean error

A Westpac email mixing up councils is one of many stories aired at an inquiry into bank closures showing the disconnect between the big four and rural towns.

Wages outrunning inflation in win for household budgets

Average wages grew at the fastest annual pace in 14 years in 2023 while just outpacing inflation, the Australian Bureau of Statistics reported.

Woolies CEO quits as pressure and grocery prices rise

Woolworths chief executive Brad Banducci will resign by September after facing increased scrutiny over the pricing and a lack of supermarket competition.

Outgoing ATO boss calls for greater tax office powers

The tax office's outgoing commissioner said the ATO should have powers to collect evidence in its investigations, rather than rely on federal police.

Fire bans in multiple states as heatwave moves east

A total fire ban has been announced for most of Victoria as hot, dry and windy conditions bear down on southern Australia.

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