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Latest news: Economy, Business and Finance

'Massive failure' for environment laws without trigger

'Massive failure' for environment laws without trigger

Environmental groups are deeply worried about proposed laws they say will take national protections backwards and do little to stop new gas and coal mines.

Retail sales dip as shoppers hold off for Black Friday

Retail sales dip as shoppers hold off for Black Friday

Retail sales dip as shoppers hold off for Black Friday

Retail sales dip as shoppers hold off for Black Friday

Consumers hit the pause button on spending in the lead up to the Black Friday sales period, official retail trade data suggests.

States push back on cuts to infrastructure spending

States push back on cuts to infrastructure spending

States push back on cuts to infrastructure spending

States push back on cuts to infrastructure spending

Queensland is spending more on infrastructure than the federal government is "in the whole of Australia", the state's premier says.

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Aussie crowdfunder seeks up to $3m from loyal investors

Aussie crowdfunder seeks up to $3m from loyal investors

A popular crowdfunding platform is raising capital to fund its own operations after another year of supporting innovative and often quirky Australian startups.

Customer-owned bank unveils new name: People First Bank

Customer-owned bank unveils new name: People First Bank

The bank formed by the March merger between Heritage Bank and People's Choice Credit Union will rebrand under a single name.

PwC censured, fined almost $100,000 after tax leak

PwC censured, fined almost $100,000 after tax leak

PwC has been fined nearly $100,000 after a disciplinary tribunal found it brought discredit on the accounting profession.

Cultural stigma holds workplaces back as pay gap falls

Cultural stigma holds workplaces back as pay gap falls

An increase in the number of women in leadership roles has helped reduce the gender pay gap but cultural change is needed to eliminate it entirely, data shows.

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UK central banker nabbed to take over as RBA deputy

UK central banker nabbed to take over as RBA deputy

UK central banker nabbed to take over as RBA deputy

UK central banker nabbed to take over as RBA deputy

Bank of England's Andrew Hauser will be the next deputy governor of Australia's central bank, bringing a "fresh, global perspective" to the key institution.

Financial hardship creeping into higher income brackets

Financial hardship creeping into higher income brackets

Financial hardship creeping into higher income brackets

Financial hardship creeping into higher income brackets

More Australians are struggling to meet financial obligations such as paying for food and basic goods, mortgage repayments, or funding an emergency.

Australian shares drop back to two-week low

Australian shares drop back to two-week low

Australian shares drop back to two-week low

Australian shares drop back to two-week low

The ASX200 has fallen almost 0.8 per cent, with every sector except technology losing ground as China issued a warning on iron ore pricing.

Australian super funds invest big in UK energy switch

Australian super funds invest big in UK energy switch

Australian super funds invest big in UK energy switch

Australian super funds invest big in UK energy switch

IFM Investors will pour billions into clean energy and large infrastructure projects in the United Kingdom via an agreement with the UK government.

Romance scams down as fake billing surges

Romance scams down as fake billing surges

Romance scams down as fake billing surges

Romance scams down as fake billing surges

The federal government's scam watch centre has reported an increase in losses from fake bill scams but a drop in investment and romance frauds.

Consumer price data expected to show welcome progress

Consumer price data expected to show welcome progress

Consumer price data expected to show welcome progress

Consumer price data expected to show welcome progress

The path to bring inflation down has been bumpy but the latest monthly consumer price index will hopefully show signs of easing.

Banks declare war on scams with warnings for new payees

Banks declare war on scams with warnings for new payees

Banks declare war on scams with warnings for new payees

Banks declare war on scams with warnings for new payees

Australian banking customers will be better protected from scammers under a suite of changes introduced by the industry.

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Croppers warn winter harvest is not looking great

As the winter crop harvest winds up earlier than usual, the nation's biggest wheat producer WA is reporting lower than expected volumes with some yields halved.

Albanese defends inflation-busting plan amid blowback

The federal government has backed its inflation-fighting policies as the opposition says Labor's perception of price pressures is at odds with the Reserve Bank.

SA puts deadline on silicosis-causing engineered stone

Engineered stone could soon be ditched in South Australia if a national ban is not enforced, with state and territory leaders set for further talks.

Insurance Council warns higher prices 'baked in'

The Insurance Council of Australia chief says households and businesses are feeling the squeeze, with more people forced to forego or reduce insurance coverage.

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Feds 'supercharge' clean energy build to keep lights on

Clean energy sources will take over from ageing coal power stations under a supercharged federal scheme, but critics say household bills will rise without gas.

Major project status blows breeze through offshore wind

Another offshore wind project off Gippsland will get special assistance for a speedy build with major project status granted by the federal government.

Hydrogen cars next cab off the rank as demo servo opens

The national science agency has achieved a key milestone in the development of a local hydrogen industry with the opening of a refuelling and research station.

RBA stares down 'increasingly homegrown' inflation

The head of Australia's central bank says the drivers of inflation are shifting and that means it will be harder to combat price pressures in the economy.

RBA cash rate meetings to stretch over two days

More changes to the way the Reserve Bank sets interest rates and communicates with the public have been unveiled in a speech by the central bank chief.

Full power ahead as NSW tries to enshrine net-zero goal

Last minute-negotiations are under way to pass key NSW climate legislation as half a dozen renewable energy projects worth $1.8 billion get the green light.

Call to curtail 'supernormal profits' in energy network

The regulator has rejected an accusation that electricity networks are generating "supernormal profits" off the use of poles and wires and stoking inflation.

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