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Latest news: Economy, Business and Finance

Productivity rebounds as pandemic bubble bursts

Productivity rebounds as pandemic bubble bursts

The pandemic's influence on the economy and job choice is wearing off, allowing productivity growth to snap back to pre-pandemic levels.

Firmer footing for Australian economy later in 2024

Firmer footing for Australian economy later in 2024

Firmer footing for Australian economy later in 2024

Firmer footing for Australian economy later in 2024

A surprisingly positive reading for a key leading index points to green shoots for the economy, though one-off factors may be responsible for the upbeat result.

ACCC warns of higher prices without right merger reform

ACCC warns of higher prices without right merger reform

ACCC warns of higher prices without right merger reform

ACCC warns of higher prices without right merger reform

The consumer watchdog has poured cold water on merger reform models proposed by Treasury and says its compulsory notification model strikes the right balance.

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US leads Red Sea operation amid attacks trade fears

US leads Red Sea operation amid attacks trade fears

The United States says "Operation Prosperity Guardian" will defend against attacks by Yemeni Houthi rebels on commercial vessels in the Red Sea.

Growth, ore prices to swell WA budget surplus to $3.7b

Growth, ore prices to swell WA budget surplus to $3.7b

A $3.7 billion operating surplus for 2023/24 has been projected by the WA government, up from May's $3.3 billion amid the highest economic growth in nine years.

RBA wary of unemployment jump ahead of rates call

RBA wary of unemployment jump ahead of rates call

The central bank board mulled over another cash rate increase or staying on hold at the December meeting, and kept its options open for more tightening.

Surge in households seeking support as Christmas looms

Surge in households seeking support as Christmas looms

Vulnerable West Australian and Tasmanian households are struggling to afford the basics amid cost of living and housing crises, new reports say.

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Housing crisis: don't blame migrants for the mess

Housing crisis: don't blame migrants for the mess

Housing crisis: don't blame migrants for the mess

Housing crisis: don't blame migrants for the mess

Housing groups and social service organisations say decades of poor policy choices are chiefly to blame for surging rents, not migration levels.

Turkish airline lands flight deal in wake of Qatar snub

Turkish airline lands flight deal in wake of Qatar snub

Turkish airline lands flight deal in wake of Qatar snub

Turkish airline lands flight deal in wake of Qatar snub

Turkish Airlines has been granted an expansion of services into Australia in a federal government decision following its rejection of a similar Qatari bid.

Liddell battery 'milestone' for end of coal-fired power

Liddell battery 'milestone' for end of coal-fired power

Liddell battery 'milestone' for end of coal-fired power

Liddell battery 'milestone' for end of coal-fired power

Australia's biggest polluter AGL Energy has made a final investment decision on a big battery that marks another milestone in the end of coal-fired electricity.

US announces mission to counter ship attacks in Red Sea

US announces mission to counter ship attacks in Red Sea

US announces mission to counter ship attacks in Red Sea

US announces mission to counter ship attacks in Red Sea

The US and a host of other nations are creating a force to protect ships in the Red Sea that have come under attack from Houthi-controlled areas of Yemen.

Google inks solar farm deal to help big data go green

Google inks solar farm deal to help big data go green

Google inks solar farm deal to help big data go green

Google inks solar farm deal to help big data go green

Tech giant Google wants to run on 24/7 carbon-free power by 2030 everywhere they operate, including Australia, which means data storage must go green.

Freelance boom overstated as self-employment rates wane

Freelance boom overstated as self-employment rates wane

Freelance boom overstated as self-employment rates wane

Freelance boom overstated as self-employment rates wane

Freelancing has not taken over the world as some forecasters expected, but rather become more precarious, based on research from a public policy think tank.

Higher tax payments help SA to first post-COVID surplus

Higher tax payments help SA to first post-COVID surplus

Higher tax payments help SA to first post-COVID surplus

Higher tax payments help SA to first post-COVID surplus

South Australia is back in black by $41 million, but growing operating expenses have resulted in a lower surplus than expected.

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Alcoa mines probe over plan to clear state forest

Two Alcoa bauxite mines will be put under the microscope to assess their potential impacts on water catchments, the community, a forest and the climate.

Experts urge government to dump Woodside project

More than 50 scientists, including Professor Fiona Stanley, have urged the state and federal governments to axe Woodside's plan to expand a gas plant.

Billion-dollar Christmas splurge a gift for retailers

Shoppers are tipped to spend $9 billion at stores in the week before Christmas, the Australian Retailers Association says.

Mixed bag for Aussie commodities in evolving economy

Global vehicle manufacturing, including China's need for raw materials for electric cars exported to the world, are driving iron ore and aluminium exports.

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Smart homes to save energy costs in virtual power plant

A virtual power plant made up of rooftop solar, car batteries, pool pumps and hot water systems is expected to save electrified households hundreds of dollars.

Rationale behind RBA's December rates call on show

The minutes from the December interest rate meeting will outline the Reserve Bank's thinking on inflation as households gear up for the festive season.

Aussie ingenuity powers space satellites, future fuels

A small but expert manufacturer in an industrial suburb has developed high-tech fuel tanks for use in space in a breakthrough for future fuels transport.

British wind can unlock Australia's 'superpower' future

Superior climate and energy policies have become a vote winner as well as an economic and security imperative, British High Commissioner Vicki Treadell says.

Australian shares gain, enjoy second-best week of 2023

The local share market has finished Friday up 0.9 per cent to gain 3.4 per cent for the week after the Fed's dovish pivot.

Savers miss out as banks exploit 'consumer inertia'

The consumer watchdog says many bank customers are paying the loyalty tax on their savings accounts and could be earning more interest.

'Real, growing risk' of power generation falling short

Energy market tsars are out of step with the "rooftop revolution" and other household energy that could be harnessed in a clean, low-cost system, critics say.

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