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Latest news: Economy, Business and Finance

Forrests step down as chairs of philanthropic group

Forrests step down as chairs of philanthropic group

Andrew and Nicola Forrest will step down as co-chairs of the Minderoo Foundation, with well-known barrister Allan Myers set to replace them.

Strong labour force report dims rate cut prospects

Strong labour force report dims rate cut prospects

Strong labour force report dims rate cut prospects

Strong labour force report dims rate cut prospects

Interest rates are unlikely to fall soon after new data showed workers are being onboarded by employers in huge numbers, reflecting a resilient jobs market.

'Limited evidence' rate hikes passed on to renters: RBA

'Limited evidence' rate hikes passed on to renters: RBA

'Limited evidence' rate hikes passed on to renters: RBA

'Limited evidence' rate hikes passed on to renters: RBA

Only a small fraction of higher interest costs are directly passed from indebted landlord to renter, fresh Reserve Bank of Australia research has found.

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It's not you: banking outages are taking longer to fix

It's not you: banking outages are taking longer to fix

Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.

CBA apologises, pays $7.5m fine after spam emails

CBA apologises, pays $7.5m fine after spam emails

Commonwealth Bank has been penalised after sending 170 million emails to customers with no way to unsubscribe.

Qantas braces against carbon neutral greenwash claim

Qantas braces against carbon neutral greenwash claim

Australia's biggest airline has been referred to the consumer watchdog amid accusations it is misleading passengers about its green credentials.

Slow economic growth set to continue into 2025

Slow economic growth set to continue into 2025

While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.

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Rio Tinto 'breaks ranks', keeps climate trigger alive

Rio Tinto 'breaks ranks', keeps climate trigger alive

Rio Tinto 'breaks ranks', keeps climate trigger alive

Rio Tinto 'breaks ranks', keeps climate trigger alive

The federal government has been urged to strike an urgent deal on environmental laws as Rio Tinto joins those calling for reforms that tackle climate change.

Dodgy subscription traps and hidden fees to be banned

Dodgy subscription traps and hidden fees to be banned

Dodgy subscription traps and hidden fees to be banned

Dodgy subscription traps and hidden fees to be banned

A slew of manipulative sales tactics, including subscription traps and hidden fees, are in the federal government's sights.

Tasmania to remain Australia's Antarctic gateway

Tasmania to remain Australia's Antarctic gateway

Tasmania to remain Australia's Antarctic gateway

Tasmania to remain Australia's Antarctic gateway

Tasmania will remain home to the nation's Antarctic icebreaker, the RSV Nuyina, and gateway to the Southern Ocean following a $188 million deal.

Origin Energy defends complex switch to renewables, gas

Origin Energy defends complex switch to renewables, gas

Origin Energy defends complex switch to renewables, gas

Origin Energy defends complex switch to renewables, gas

As China pushes for cheaper Australian LNG, shareholders of energy retailer and east coast gas producer Origin Energy have been warned of a "messy" transition.

'Climate action pays': call to rev up clean investment

'Climate action pays': call to rev up clean investment

'Climate action pays': call to rev up clean investment

'Climate action pays': call to rev up clean investment

There can be winners in the clean energy race, a group of super funds says, rolling out a campaign to quell community fears and accelerate development.

Telstra board to reflect on backlash over executive pay

Telstra board to reflect on backlash over executive pay

Telstra board to reflect on backlash over executive pay

Telstra board to reflect on backlash over executive pay

A significant number of Telstra shareholders voted against the telco's remuneration report, in part because of issues related to its enterprise division.

Debit card surcharges could be scrapped in crackdown

Debit card surcharges could be scrapped in crackdown

Debit card surcharges could be scrapped in crackdown

Debit card surcharges could be scrapped in crackdown

Surcharges on debit card purchases could become a thing of the past by 2026, but some groups are warning the fees could be imposed in other ways.

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Locked out of your business account? Log in and tell us

Small businesses are fighting with tech giants after being locked out of accounts or waiting for payment and want a reboot on how their complaints are handled.

Stage three tax cut spending spree yet to surface

Fans splashed out on footy finals in an otherwise slow month for consumer spending, which is yet to show a bounce from tax cuts that came into effect in July.

Time running out for Australian hydrogen, green iron

Consumers increasingly want to understand what they are buying, an inquiry into green hydrogen has been told, with the emerging sector "frustrated" by delays.

Inflation green shoots could spell earlier rates relief

A cooling rental market and slower pay growth hint at a disinflationary pulse some economists hope could deliver borrowers an early Christmas present.

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Vocus to acquire TPG's fibre network assets for $5.25b

TPG Telecom will sell its fibre and fixed-line fibre network assets to Vocus for $5.25 billion.

Jobs market on display as inflation picture brightens

Employment data for September is the main event on this week's economic calendar, pointing to the state of Australia's job market and wider economy.

Aussies paying more as rents spike across the nation

Australian renters are paying thousands more to keep a roof over their heads as rental costs for units and houses continue to balloon since the pandemic.

More adult vaccines could unlock $1.1bn for economy

By raising its level of adult immunisation to the same rate for children, Australia could unlock huge economic benefits, researchers say.

Musk unveils 'Cybercab' as focus shifts to automation

Elon Musk has showcased Tesla's robotaxi, sticking to long-held promises of autonomous cars driving long-term growth at the electric vehicle maker.

Supermarkets tight-lipped on Tim Tam price discrepancy

Australia's major supermarkets say their suppliers are being hit by inflation which is trickling through to prices at the checkout.

Coal giants seek delay of ruling on 'monster' extension

More than a billion tonnes of emissions are in the balance, critics say, as coal giants sidestep a legal stoush and push ahead with a mine extension to 2050.

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