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Latest news: Economy, Business and Finance

Westpac customers access online accounts after outage

Westpac customers access online accounts after outage

Westpac customers have again been able to access their accounts after the bank said a "routine technology update" resulted in an online outage.

Customers unable to reach accounts in Westpac outage

Customers unable to reach accounts in Westpac outage

Customers unable to reach accounts in Westpac outage

Customers unable to reach accounts in Westpac outage

Some Westpac customers have been unable to reach their accounts after an apparent online outage, as the bank says it is working to rectify the issue.

Climate finance takes centre stage at COP28 summit

Climate finance takes centre stage at COP28 summit

Climate finance takes centre stage at COP28 summit

Climate finance takes centre stage at COP28 summit

COP28's Emirati hosts have set a fast pace on cheque signing amid the United Nations climate summit's biggest-ever attendance from business and finance firms.

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Shareholders pull the plug on Origin takeover bid

Shareholders pull the plug on Origin takeover bid

Origin Energy shareholders have sunk Brookfield's $20 billion takeover bid and the promise of tens of billions of dollars extra in renewables investment.

Superannuation access for retirees goes under spotlight

Superannuation access for retirees goes under spotlight

Treasurer Jim Chalmers has released for public consultation a discussion paper on how to make superannuation more accessible and workable for retirees.

Supermarket profits in spotlight as living costs bite

Supermarket profits in spotlight as living costs bite

As Australians battle the increasing cost of living, a parliamentary inquiry will investigate if major supermarkets are price gouging to get record profits.

RBA likely to spare borrowers Christmas rates pain

RBA likely to spare borrowers Christmas rates pain

The Reserve Bank interest rate decision and growth statistics for the September quarter to dominate the economic agenda this week.

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Home prices break through ceiling but growth eases

Home prices break through ceiling but growth eases

Home prices break through ceiling but growth eases

Home prices break through ceiling but growth eases

The housing market downturn of last year has been completely unwound, but the pace of growth is slowing.

'We're under pressure too', Chalmers tells treasurers

'We're under pressure too', Chalmers tells treasurers

'We're under pressure too', Chalmers tells treasurers

'We're under pressure too', Chalmers tells treasurers

State and federal treasurers are yet to reach an agreement on the GST no worse off guarantee but talks are set to continue at national cabinet next week.

Forestry welcomes contracts but derides compo deal

Forestry welcomes contracts but derides compo deal

Forestry welcomes contracts but derides compo deal

Forestry welcomes contracts but derides compo deal

The Victorian government has offered forestry harvest contractors five-year deals but the industry is unimpressed with its "compensation" packages.

Banking 'bullies' leave vulnerable people open to scams

Banking 'bullies' leave vulnerable people open to scams

Banking 'bullies' leave vulnerable people open to scams

Banking 'bullies' leave vulnerable people open to scams

Post offices are increasingly filling the void when rural banks shut down, but they're not always paid for their services, a Senate inquiry has been told.

End to wage cap, new dispute resolution for NSW workers

End to wage cap, new dispute resolution for NSW workers

End to wage cap, new dispute resolution for NSW workers

End to wage cap, new dispute resolution for NSW workers

Nurses, paramedics, police and other essential workers are set to benefit from landmark reforms scrapping wage caps and delivering interest-based bargaining.

Power company fined $407k after life support threatened

Power company fined $407k after life support threatened

Power company fined $407k after life support threatened

Power company fined $407k after life support threatened

A registered life support equipment user was among 43 people not notified about planned power outages in Melbourne's north.

More volunteers sought from generous nation of donators

More volunteers sought from generous nation of donators

More volunteers sought from generous nation of donators

More volunteers sought from generous nation of donators

Ways to get Australians donating more to charities and volunteering their time have been detailed in a Productivity Commission report.

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7-Eleven Australia sold to Japan company for $1.7b

The Withers and Barlow families have sold one of Australia's most recognisable brands to a Japanese joint venture, which is promising to grow it further.

Back in the red, no second surplus in budget update

The mid-year budget update will reveal a substantial improvement to the bottom line, but not a surplus, the federal treasurer says.

Better month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

Telcos, social media, banks targeted in war on scams

The federal government will examine sectors on the scam frontline as it hopes to stop Australians falling victim to financial crimes.

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Call to join forces as China sets pace on clean energy

China's massive shift in investment to meet and perhaps beat clean energy and emissions reduction targets could spur Australia towards cooperation not conflict.

Climate information integrity threat ahead of summit

The climate crisis is being made worse by an information crisis, with some Australian outlets accused of peddling fake news and adding to confusion and delay.

Jaber rejects report UAE sought COP28 hydrocarbon deals

The president-designate for the upcoming COP28 climate talks has denied a report alleging the UAE planned to use the summit to strike oil and gas deals.

Talks on Queensland infrastructure funds keep trucking

Queensland has made the case for more federal funding for roads and rail after the Commonwealth slashed infrastructure funding for projects around the country.

Reserve Bank board shake up outlined in new laws

The federal treasurer has introduced legislation that will underpin the biggest set of reforms at the Reserve Bank in decades.

Easing inflation takes heat off interest rate rises

Cooling inflation figures have improved the chances of the Reserve Bank keeping interest rates on hold.

BHP nickel mine to trial 'air-to-rock' carbon trap

In a world-first pilot project, technology will be used to turn greenhouse gas emissions into rock at an Australian nickel mine.

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