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Latest news: Economy, Business and Finance

Australia inks $660 million hydrogen pact with Germany

Australia inks $660 million hydrogen pact with Germany

A hydrogen investment pact with Germany will support new commercial supply and access to the European market for the emerging industry.

Strong labour standards urged for energy transition

Strong labour standards urged for energy transition

Strong labour standards urged for energy transition

Strong labour standards urged for energy transition

Governments are urged to attach strong labour standards to taxpayer-funded renewables, while the energy sector needs to come clean on safety and welfare.

Cafe, pub splurge short-lived as consumer pain persists

Cafe, pub splurge short-lived as consumer pain persists

Cafe, pub splurge short-lived as consumer pain persists

Cafe, pub splurge short-lived as consumer pain persists

Higher spending at hospitality venues in August was likely a blip as financial pressure on wallets is expected to stick around until 2025.

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Bill aims to pass go on proving credentials of hydrogen

Bill aims to pass go on proving credentials of hydrogen

Hydrogen producers may be able to prove the alternative fuel was made with renewables, not coal or gas, as trading partners plan to levy carbon-laden imports.

Local business fears closure with no govt support

Local business fears closure with no govt support

A battling small business owner has called for more Queensland government assistance as talks to provide tax relief for a major casino operator continue.

Mums and dads to get super on their parental leave

Mums and dads to get super on their parental leave

Superannuation payments will be paid on top of government-funded paid parental leave from July 2025 for an estimated 180,000 families.

Push to outlaw price gouging as costs continue to soar

Push to outlaw price gouging as costs continue to soar

The federal Greens are hoping they can address the plight of Australians paying more at the check-out as the cost of living rises.

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Miners dig 'best friend' Dutton with battlelines drawn

Miners dig 'best friend' Dutton with battlelines drawn

Miners dig 'best friend' Dutton with battlelines drawn

Miners dig 'best friend' Dutton with battlelines drawn

Environment Minister Tanya Plibersek has called for "a bit of common sense" from mining bosses, while Peter Dutton pledges to be their "best friend".

Call to 'science' our way out of the climate conundrum

Call to 'science' our way out of the climate conundrum

Call to 'science' our way out of the climate conundrum

Call to 'science' our way out of the climate conundrum

Leading thinkers have called for Australia to deploy science for the service of society and stop relying on selling emissions-laden resources for prosperity.

Newmont sells Telfer and Havieron mines for $714m

Newmont sells Telfer and Havieron mines for $714m

Newmont sells Telfer and Havieron mines for $714m

Newmont sells Telfer and Havieron mines for $714m

The world's largest gold mining corporation, Newmont, has sold two goldmines in Western Australia to Greatland Gold in a massive sell-off.

Hiring go-slow ongoing as RBA keeps sights on inflation

Hiring go-slow ongoing as RBA keeps sights on inflation

Hiring go-slow ongoing as RBA keeps sights on inflation

Hiring go-slow ongoing as RBA keeps sights on inflation

Australia's labour market is easing but it has a way to go before it's consistent with low and stable inflation, a senior central bank official warns.

Australia leaks $100b from incontinence issue costs

Australia leaks $100b from incontinence issue costs

Australia leaks $100b from incontinence issue costs

Australia leaks $100b from incontinence issue costs

Incontinence affects more than seven million Australians, costing more than $100 billion in 2023 amid warnings one-in-three could be impacted by 2032.

Emerging markets could miss out on AI wins: World Bank

Emerging markets could miss out on AI wins: World Bank

Emerging markets could miss out on AI wins: World Bank

Emerging markets could miss out on AI wins: World Bank

Artificial intelligence may not necessarily make the fight against inequality any easier, the World Bank president has said during an Australian visit.

Rates veto power must stay: Greens issue RBA demands

Rates veto power must stay: Greens issue RBA demands

Rates veto power must stay: Greens issue RBA demands

Rates veto power must stay: Greens issue RBA demands

The Greens want the treasurer to intervene and force the RBA to lower interest rates as it lays out its demands for support on troubled central bank reforms.

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New fear unlocked: unemployment worries grip consumers

Consumers are becoming more concerned about the sluggish economy and what this could mean for jobs, with cost-of-living becoming a lower order worry.

Power to the 'energy underclass' as Australia retools

The energy change "can't be about Teslas in teal seats", unions and community leaders tell a forum, with many households struggling to pay their power bills.

'Tired trope': most voters open to lower home prices

Australia's housing affordability mess has most voters in favour of lower prices and backing tax reform and other policy interventions to ease pressures.

Miners lash PM as he plots future made in Australia

The "under siege" mining industry warns it can't afford to compete internationally under Australia's environmental, workplace and tax laws.

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Women ditching part-time as COVID redefines flexibility

Part-time work is fading as the go-to way of meeting flexibility needs and this could open up opportunities to narrow gender-based economic disadvantage.

Housing sustainability framework stands up to scrutiny

With one in seven forecast to be living in community housing within decades, a review finds foundations are in place as pressure builds for broader standards.

Call for net zero by 2035 to be a global climate leader

Australia has been urged to harden its emissions reduction targets at a "critical juncture" in the fight against climate change as leaders gather for a forum.

Cane promise 'breathes life' into embattled mill, town

Far north Queensland cane farmers are breathing a tentative sigh of relief after the Liberal National Party made an election commitment for a struggling mill.

Treasurer backs inflation target, despite rates risk

Jim Chalmers has acknowledged there's tension between fiscal and monetary policy, but argues the government and the central bank have the same objective.

Green shoots for consumer mood burnt by cost-of-living

Confidence is gradually returning to consumers, with interest rate hikes broadly off the table and tax relief helping to beat the blues.

Employees working two or more jobs trending down

While the number of people working more than one job fell by 1.2 per cent, nearly one million Australians are in multiple professions.

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