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Latest news: Economy, Business and Finance

Supermarkets to face inquiry over grocery prices

Supermarkets to face inquiry over grocery prices

Major supermarkets are set to face a Queensland parliamentary inquiry following a meeting with state premier Steven Miles.

Lights to stay on if biggest 'coal clunker' powers down

Lights to stay on if biggest 'coal clunker' powers down

Lights to stay on if biggest 'coal clunker' powers down

Lights to stay on if biggest 'coal clunker' powers down

Recent progress on renewable energy in NSW after a "growing industry clamour" about red tape and delays suggests there is no need to run on coal for longer.

Financial services laws set for overhaul after review

Financial services laws set for overhaul after review

Financial services laws set for overhaul after review

Financial services laws set for overhaul after review

A three-year inquiry set up following the banking royal commission has called for changes to laws governing the financial services sector.

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Rate cut prospects up in the air as labour market cools

Rate cut prospects up in the air as labour market cools

Some economists predict a softening labour market could bode well for interest rate cuts after Australia’s jobless rate plateaued at 3.9 per cent in December.

Supermarkets under scrutiny over food costs

Supermarkets under scrutiny over food costs

Queensland Premier Steven Miles is set to meet supermarket bosses over the rising cost of groceries.

Call for Tesla, GM to steer clear of deep sea mining

Call for Tesla, GM to steer clear of deep sea mining

Electric car makers Tesla and General Motors have been urged to commit to a ban on mining of the sea floor for battery materials.

Russia got $A4.4b of military goods despite sanctions

Russia got $A4.4b of military goods despite sanctions

Russia has been able to purchase some $A4.4b worth of Western components to produce weapons like the "Kinzhal" hypersonic missiles.

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'Nature-positive' mining pledge by industry leaders

'Nature-positive' mining pledge by industry leaders

'Nature-positive' mining pledge by industry leaders

'Nature-positive' mining pledge by industry leaders

Mining leaders have made a commitment to do less harm to nature and biodiversity even with demand for clean industry, energy and critical minerals set to soar.

Tech 'team anywhere' marks 1000 days of remote work

Tech 'team anywhere' marks 1000 days of remote work

Tech 'team anywhere' marks 1000 days of remote work

Tech 'team anywhere' marks 1000 days of remote work

Tech company Atlassian is counting the gains and burnout lessons of betting on a different future of work for its remote or "distributed" employees.

Gaza conflict 'gutwrenching', Blinken tells Davos meet

Gaza conflict 'gutwrenching', Blinken tells Davos meet

Gaza conflict 'gutwrenching', Blinken tells Davos meet

Gaza conflict 'gutwrenching', Blinken tells Davos meet

The US is in demand in the face of global challenges ranging from war in Gaza and Ukraine to tensions over Taiwan, Secretary of State Antony Blinken says.

Insolvency on the rise, as opposition attacks govt fund

Insolvency on the rise, as opposition attacks govt fund

Insolvency on the rise, as opposition attacks govt fund

Insolvency on the rise, as opposition attacks govt fund

The coalition have criticised the government for the number of manufacturing businesses going under as insolvency levels rise above pre-COVID levels.

Immediate climate threat on agenda at elite gathering

Immediate climate threat on agenda at elite gathering

Immediate climate threat on agenda at elite gathering

Immediate climate threat on agenda at elite gathering

An Aussie millennial from a carbon startup working out of Newcastle says industry needs to bankroll technology to cut emissions - immediately.

Customers lose thousands in scams due to telco failures

Customers lose thousands in scams due to telco failures

Customers lose thousands in scams due to telco failures

Customers lose thousands in scams due to telco failures

Telecommunications company Medion has been fined $260,000 after failing to comply with customer ID rules that caused users to lose tens of thousands of dollars.

Quantum deal mines geophysics for hazards, exploration

Quantum deal mines geophysics for hazards, exploration

Quantum deal mines geophysics for hazards, exploration

Quantum deal mines geophysics for hazards, exploration

A hazard and minerals detection deal struck by an Aussie quantum start-up and the US Geological Survey could unlock a new generation of technologies.

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Energy upgrades to ease hard decisions for renters

Amid "horror stories" from low-income households battling rising living costs, $206m will be spent to cut energy bills and open the door to solar power.

Forgotten and expired gift cards leave billions unspent

Nearly one billion dollars worth of gift cards are being wasted as Australians forget, lose or let them expire, creating a bonanza for retailers.

Jetsetters and shoppers spend big as confidence returns

Australians are spending more on travel, insurance and online shopping as inflation reached its lowest levels since January 2022.

Rio Tinto ramps up iron ore, upbeat on energy minerals

Global supply chain challenges have eased and labour costs are still rising in Australia and North America but interest rates may have peaked, Rio Tinto says.

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PM confirms contentious stage three tax cuts to stay

Aussies earning high incomes will still get their tax cuts amid a cost-of-living crisis, as the government considers how to provide further relief for people.

Water trigger 'too vague' to stop onshore gas expansion

Tweaked environmental laws remain too loose to safeguard water supplies and tackle threats to food growers and country from onshore gas wells, research shows.

Supermarket 'big duopoly' to go under microscope

A review into the big supermarkets could force them under a mandatory code of conduct or recommend an investigation by the consumer watchdog.

Corporate Australia winning at climate 'double-speak'

Companies and industry bodies have been accused of putting climate targets at risk with public relations spin about going green while backing dirty business.

Twiggy attacks Woodside's 'death race' gas project

Australia's second richest person, mining magnate Andrew 'Twiggy' Forrest, has renewed his attack on the fossil fuel industry and Woodside Energy.

Jobs data on agenda as signs point to cooling inflation

Experts will examine job data and spending insights for a better idea of how the Reserve Bank will act when it returns for the first time in 2024.

'White gold' on ice as mine faces major project expiry

Australia's first and only lithium producer outside Western Australia has had a rocky ride on the "white gold" trail and faces another hurdle.

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