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Latest news: Economy, Business and Finance

Green bank unlocks cheap loans for home energy upgrades

Green bank unlocks cheap loans for home energy upgrades

Some $60 million in cheap loans is up for grabs as part of a $1 billion federal fund to encourage homeowners to install solar panels and batteries.

Big city life on the slide as people try to get by

Big city life on the slide as people try to get by

Big city life on the slide as people try to get by

Big city life on the slide as people try to get by

High housing prices and cost-of-living pressures are driving an exodus from cities, data reveals, with one capital losing residents to the regions in droves.

Gas industry rejects 'leech' tag over royalty freebies

Gas industry rejects 'leech' tag over royalty freebies

Gas industry rejects 'leech' tag over royalty freebies

Gas industry rejects 'leech' tag over royalty freebies

The Australian government has been accused of letting gas companies get away with daylight robbery by not applying royalties on all of the nation's gas exports.

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Standard-gauge track to link solar homes, cars, gadgets

Standard-gauge track to link solar homes, cars, gadgets

A digital spine to support a low-cost and low-carbon electricity system will connect Australians like a "standard railway gauge of solar and batteries".

Building approvals muted and to stay subdued all year

Building approvals muted and to stay subdued all year

Home building remains in the slow lane but the level of activity has likely stabilised as interest rates stay on hold.

NSW will meet national housing target, premier insists

NSW will meet national housing target, premier insists

An ambitious rewrite of Sydney's housing targets hopes to shift infill closer to the city with a $200 million program for councils to build more homes.

Inflation disappoints and tempers hopes of rate cut

Inflation disappoints and tempers hopes of rate cut

The monthly inflation gauge has bounced higher for a second month, moving the indicator further away from the Reserve Bank's target range.

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Florence wedged under debris at Snowy 2.0 'pinch point'

Florence wedged under debris at Snowy 2.0 'pinch point'

Florence wedged under debris at Snowy 2.0 'pinch point'

Florence wedged under debris at Snowy 2.0 'pinch point'

Plagued by cost blowouts and rock that's too soft or too hard, Snowy 2.0's tunnel-borer 'Flo' is stuck just as the project was poised to spruik better numbers.

Households in the dark on promised $1b energy upgrade

Households in the dark on promised $1b energy upgrade

Households in the dark on promised $1b energy upgrade

Households in the dark on promised $1b energy upgrade

Households have not been forgotten for energy upgrades, the federal government insists, but they have not received a cent from $1 billion allocated in 2023.

Saving the new fashion as financial pain hits retailers

Saving the new fashion as financial pain hits retailers

Saving the new fashion as financial pain hits retailers

Saving the new fashion as financial pain hits retailers

Tax cuts and energy rebates will help prop up family budgets but the long wait for interest rate cuts should keep spending subdued.

Super funds giving a green light to 'climate wreckers'

Super funds giving a green light to 'climate wreckers'

Super funds giving a green light to 'climate wreckers'

Super funds giving a green light to 'climate wreckers'

Superannuation funds have come under fire for doubling down on their investments in fossil fuels while cutting half a billion dollars from green energy funding.

Climate defenders under scrutiny after Santos debacle

Climate defenders under scrutiny after Santos debacle

Climate defenders under scrutiny after Santos debacle

Climate defenders under scrutiny after Santos debacle

An environment litigation group has been caught in the crosshairs of post-budget scrutiny of federal spending, with the coalition demanding further assurance.

WA Libs reject Dutton's nuclear plan in the short term

WA Libs reject Dutton's nuclear plan in the short term

WA Libs reject Dutton's nuclear plan in the short term

WA Libs reject Dutton's nuclear plan in the short term

The WA Liberal Party's energy spokesman says Peter Dutton's plan for nuclear power won't work in the state as he backs coal until renewables can take over.

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Labor's plan to turbocharge critical minerals and hydrogen industries faces a dismissive opposition and calls from the Greens to ban new coal and gas.

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Opposition migration policy 'revenue neutral'

Angus Taylor says the coalition's migration policy won't damage public finances or the economy and will get the balance right between immigration and housing.

Dutton dodging nuclear policy fallout: energy minister

Opposition Leader Peter Dutton is yet to name the sites the coalition will earmark for nuclear power stations, despite claiming communities would welcome them.

I haven't forgotten what it means to struggle: Albanese

As Labor faces criticism over the cost of living relief it has provided vulnerable Australians, the prime minister says he hasn't forgotten the struggle.

More regulation urged for banks 'failing' rural towns

An inquiry into rural bank closures has handed down its final report after a year of hearings and 610 written submissions. It recommends tougher regulation.

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Shoppers face lies, manipulation in supermarket aisles

So-called 'ocean plastic' is the poster child of greenwashing shams Australian face when they head to the grocery store, a federal inquiry has been told.

Fashion label Dion Lee enters voluntary administration

The Australian operation of fashion label Dion Lee has entered voluntary administration.

Dutton doubles down on gas, rejects support for mining

Domestic gas production will expand, approvals will be fast-tracked and nuclear reactors rolled out to keep the lights on under a coalition government.

Living costs pose 'difficult choices' for young people

The gap in spending between the young and the old is getting wider, with Australians in their mid-to-late 20s cutting back on essentials.

Migration plan wobble raises questions for opposition

Shadow Treasurer Angus Taylor has defended inconsistencies in his party's migration plan, saying the overall point of the exercise is to free up homes.

Coalition commits to nuclear despite damning report

A report has found nuclear energy would be significantly more expensive than renewables but the coalition has backed in plans for the power source

Electricity grid 'not fit for purpose' without new gas

Consumers have been warned of higher taxes or power bills if gas remains banned under federal and state government building programs for new power generation.

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