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Latest news: Economy, Business and Finance

'Real, growing risk' of power generation falling short

'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.

Gas shortfall forecast without significant demand drop

Gas shortfall forecast without significant demand drop

Gas shortfall forecast without significant demand drop

Gas shortfall forecast without significant demand drop

Extra costs for transporting Queensland gas south to other states are expected to hit the east coast gas market next year, adding to supply pressures.

Pathology company merger off after regulator opposition

Pathology company merger off after regulator opposition

Pathology company merger off after regulator opposition

Pathology company merger off after regulator opposition

Australian Clinical Labs has dropped a takeover bid for fellow pathology company Healius after the competition regulator opposed the move.

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Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders want National Australia Bank to stop funding gas company Santos, which is trying to build the Barossa project off the NT coast.

Airlines brace for busiest day of flights in four years

Airlines brace for busiest day of flights in four years

Travellers are hoping for clear skies ahead as airports and airlines prepare for their busiest day in four years, with capacity approaching pre-pandemic levels.

Shares rally, Aussie dollar rises on dovish Fed pivot

Shares rally, Aussie dollar rises on dovish Fed pivot

The ASX200 has closed up 1.65 per cent to hit a four-month high, while the Aussie dollar climbed to more than 67 US cents on a mixed domestic jobs report.

More tax in government coffers hailed by treasurer

More tax in government coffers hailed by treasurer

The mid-year fiscal update contained no extra cost of living relief, although the federal treasurer has not ruled out more help in his next budget.

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'Walloped': NSW treasurer blames feds for budget strain

'Walloped': NSW treasurer blames feds for budget strain

'Walloped': NSW treasurer blames feds for budget strain

'Walloped': NSW treasurer blames feds for budget strain

NSW Treasurer Daniel Mookhey has delivered a budget update his opponents have branded the "nightmare before Christmas".

Promising jobs data fuels hopes of soft landing

Promising jobs data fuels hopes of soft landing

Promising jobs data fuels hopes of soft landing

Promising jobs data fuels hopes of soft landing

Despite a higher-than-expected 61,000 jobs being added to the economy in November, the jobless rate lifted to 3.9 per cent.

Parking meter app contract lacked transparency, value

Parking meter app contract lacked transparency, value

Parking meter app contract lacked transparency, value

Parking meter app contract lacked transparency, value

The NSW Audit Office has slammed a contract entered into under the previous coalition government without officials engaging in a tender process.

Passport prices flying high thanks to 15 per cent hike

Passport prices flying high thanks to 15 per cent hike

Passport prices flying high thanks to 15 per cent hike

Passport prices flying high thanks to 15 per cent hike

Australians looking to travel the globe have been stung with another increase in passport application fees, a move the opposition says will hurt the regions.

Stubbornly high inflation will eat into real wage gains

Stubbornly high inflation will eat into real wage gains

Stubbornly high inflation will eat into real wage gains

Stubbornly high inflation will eat into real wage gains

The federal budget is looking healthy thanks to a surprise revenue boost but inflation is proving persistent and is continuing to hurt household finances.

Major projects funding to be slashed by billions

Major projects funding to be slashed by billions

Major projects funding to be slashed by billions

Major projects funding to be slashed by billions

Billions of dollars in funding for Australia's major infrastructure projects will decrease over the next four years, as the government re-prioritises money.

Grange on hold as Penfolds workers strike for pay rise

Grange on hold as Penfolds workers strike for pay rise

Grange on hold as Penfolds workers strike for pay rise

Grange on hold as Penfolds workers strike for pay rise

Production of Penfolds, Wolf Blass and Grange will stop for 24 hours as Treasury Wine Estates workers strike over pay ahead of peak production season.

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Clean energy superpower status remains work in progress

The federal budget update acknowledges more must be done to secure and wire up renewables, with clean energy "superpower" status remaining a work in progress.

Cost of living relief lightens Queensland budget update

Queensland Treasurer Cameron Dick has spruiked further cost-of-living measures on the back off a balanced budget sheet in his mid-year budget update.

COVID-19 pandemic response continues to press on budget

Continuing to pay for COVID-19 vaccines and treatments will cost Australians hundreds of millions of dollars, with the threat posed by the virus far from over.

Firms still hiring but professional services ads fall

Workers still have many jobs to choose from though ad numbers are dropping off as hiring starts to wind down.

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Environment reforms to lift 'handbrake on investment'

WA's Cook government will overhaul the state's environmental protection laws and give politicians more power in a bid to streamline EPA approval processes.

RBA boss hopeful for better year following hard 2023

Higher interest rates and cost of living pressures are hurting households and businesses, with the central bank governor acknowledging it's been a hard year.

Savings found to cover billions in new federal spending

The federal government's mid-year review will show it has found budget savings to pay for new spending, such as the response to the robodebt royal commission.

Boost for AAP newswire as media diversity probed

Funding for independent newswire, AAP, is part of the federal government's latest move to boost media diversity and public-interest journalism.

'Crucial' research funding to end plastics, cut methane

Almost $130 million in federal grants to end widespread use of plastics and cut methane emissions in farming are part of a push for a less harmful economy.

Lamb on the menu in up and down outlook for farmers

Australia's farmers face a mixed six months with lamb prices on the rise, horticulture expecting a bump in output and milk production to remain flat.

Principles guard truth in 'eco-friendly' product claims

Shoppers wanting a more sustainable option have fresh protection against false environmental claims under principles for businesses released by the regulator.

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