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Latest news: Economy, Business and Finance

'National shame': kids facing life on couches, in tents

'National shame': kids facing life on couches, in tents

For many of the 125,000 Australian children without stable housing, a life of disadvantage, crime and poor health outcomes await without intervention.

US recession fears 'nail in coffin' for RBA hike chance

US recession fears 'nail in coffin' for RBA hike chance

US recession fears 'nail in coffin' for RBA hike chance

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

Diggers count losses on battery minerals, gold shines

Diggers count losses on battery minerals, gold shines

Diggers count losses on battery minerals, gold shines

Diggers count losses on battery minerals, gold shines

Mining bosses and investors gathering in an outback city are counting their losses as the decarbonisation and battery minerals bubble bursts.

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'Digital divide' as many miss out on budget-busting AI

'Digital divide' as many miss out on budget-busting AI

Being able to use energy at the right time and without waste is one of the emissions and budget-busting side benefits of artificial intelligence.

Mark Knopfler started career strumming tennis racquets

Mark Knopfler started career strumming tennis racquets

Dire Straits maestro guitarist Mark Knopfler has revealed his stellar strumming career began as a child, practising on 'dodgy little tennis racquets'.

Rates likely on hold with Reserve Bank coy on next move

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

About a third of Australians experiencing homelessness are young people, prompting a plea for action on housing as even those in the market struggle with cost.

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Rising property prices push loan sizes through the roof

Rising property prices push loan sizes through the roof

Rising property prices push loan sizes through the roof

Rising property prices push loan sizes through the roof

Soaring real estate prices in mid-sized capitals has pushed the average new owner-occupier mortgage to record levels.

Ore-some state tipped to win race for green steel jobs

Ore-some state tipped to win race for green steel jobs

Ore-some state tipped to win race for green steel jobs

Ore-some state tipped to win race for green steel jobs

Higher-grade iron ore, deep water ports and a 100-per cent renewable energy grid give South Australia the edge on other states chasing future green steel jobs.

Room with a view comes at high price on tourist strip

Room with a view comes at high price on tourist strip

Room with a view comes at high price on tourist strip

Room with a view comes at high price on tourist strip

High-rise apartment owners at a popular Australian tourist spot have been slugged with a "view tax" sending council rates to new heights.

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

Relief in sight as rates focus switches to cuts

Mortgage-holders appear to have avoided another interest rate hike, in a welcome development for the federal government with an election on the horizon.

Housing 'defining issue' for economy, says treasurer

Housing 'defining issue' for economy, says treasurer

Housing 'defining issue' for economy, says treasurer

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

PM downplays airline duopoly as Rex waits for lifeline

PM downplays airline duopoly as Rex waits for lifeline

PM downplays airline duopoly as Rex waits for lifeline

PM downplays airline duopoly as Rex waits for lifeline

A competition tsar has taken issue with the prime minister's suggestion that regional airline Rex engineered its own demise by targeting capital-city routes.

Call for Woodside to extract more value, not more gas

Call for Woodside to extract more value, not more gas

Call for Woodside to extract more value, not more gas

Call for Woodside to extract more value, not more gas

Woodside Energy is under fire for its management of climate risk and capital as activist investors slam recent "high-cost, high-emission" acquisitions.

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Australia may not be the quarry Asia requires for steel

Australia needs to act quickly or lose out to faster movers on green iron and steel elsewhere, an industry decarbonisation expert warns.

Help on its way for Rex despite 'flawed' expansion

A taxpayer-funded lifeline for Rex Airlines looks increasingly likely as the Albanese government highlights the carrier's "absolutely vital" regional presence.

Rio Tinto 'open' to nuclear energy, profit flatlines

Rio Tinto says it wants to find better ways to provide the materials the world needs but warns decarbonisation has "a long way to go".

'It's everything': rural Australians fear Rex's fate

Rural Australians who rely on Rex for health, education, mail and groceries fear for their future as the regional airline entered voluntary administration.

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Reproductive leave push to end 'culture of silence'

Paid leave entitlements for menopause and fertility issues would boost female workforce participation and prevent early retirements, unions say.

Sustainable fuel hopes take off with eyes on emissions

Flights could become more environmentally friendly as Australia and New Zealand explore ways to produce sustainable aviation fuel at home.

Signs of slow build back with home approvals sluggish

Interest rates, labour shortages and investor confidence are contributing to weak building approvals, but there are signs of recovery in detached homes.

Aussie founders combine to supercharge AI design tools

Two fast-growing Aussie tech firms are joining forces to bring breakthroughs in generative artificial intelligence and design to experts and beginners alike.

Coalition smacked over 'not-so-super' home-buyer plan

Letting people use their super funds to buy their first home under a coalition policy would force up rents and housing prices, according to industry members.

Half of under-40s expect to help parents in retirement

Many young people think they will need to help their parents financially as they age, fresh surveying suggests.

The surprise state topping Australia's economic ladder

South Australia has retained its title as the nation's top economy for the third consecutive time in CommSec's latest State of the States report.

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