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Latest news: Economy, Business and Finance

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar, the billionaire co-founder of Australian tech darling Atlassian, will step down as the company's chief executive after 23 years in the role.

Calls to cap student debt indexation after latest rise

Calls to cap student debt indexation after latest rise

Calls to cap student debt indexation after latest rise

Calls to cap student debt indexation after latest rise

University student debt will rise by 4.7 per cent from June, sparking calls for indexation to be capped.

Borrowers warned not to count on 2024 rates relief

Borrowers warned not to count on 2024 rates relief

Borrowers warned not to count on 2024 rates relief

Borrowers warned not to count on 2024 rates relief

Hotter-than-expected inflation data has likely pushed back the start date for interest rate cuts, a move that will keep pressure on mortgage holder budgets.

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Woodside shareholders reject climate plan

Woodside shareholders reject climate plan

Woodside Energy shareholders have re-elected chairman Richard Goyder but rejected the company's climate plan in a raucous four-hour meeting.

Too much local love 'will hurt' new industry chances

Too much local love 'will hurt' new industry chances

The former head of the ACCC has warned against an ad hoc approach that could mean Australia misses out on opportunities in the clean energy transition.

Slow progress on inflation tempers interest rate hopes

Slow progress on inflation tempers interest rate hopes

Australia's annual inflation rate has sunk to a two-year low but is slightly above expectations, which might lengthen the wait time for rate cuts.

Nuns join Citi protest over Indigenous rights breaches

Nuns join Citi protest over Indigenous rights breaches

Citi faces protests around the world, including Sydney, Melbourne and New York over support for oil, gas and coal projects and violation of Indigenous rights.

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Government to require sustainability of contractors

Government to require sustainability of contractors

Government to require sustainability of contractors

Government to require sustainability of contractors

As Australia attempts to transition towards a circular economy, the government will prioritise contractors that meet sustainability benchmarks.

Housing wait times top five years in parts of NSW

Housing wait times top five years in parts of NSW

Housing wait times top five years in parts of NSW

Housing wait times top five years in parts of NSW

People on low incomes are waiting even longer for secure, affordable social housing in NSW, particularly in western Sydney and the state's north.

Senators want property tax reforms back on the agenda

Senators want property tax reforms back on the agenda

Senators want property tax reforms back on the agenda

Senators want property tax reforms back on the agenda

Modest tax changes could save the budget billions and help "turn the ship around" for first-home buyers, senators David Pocock and Jacqui Lambie say.

Cheaper renewable energy driving electricity costs down

Cheaper renewable energy driving electricity costs down

Cheaper renewable energy driving electricity costs down

Cheaper renewable energy driving electricity costs down

Renewable energy generation is lifting its overall share of a growing national electricity market and pushing wholesale prices down, according to official data.

Housing crisis to 'get worse before it gets better'

Housing crisis to 'get worse before it gets better'

Housing crisis to 'get worse before it gets better'

Housing crisis to 'get worse before it gets better'

Tax reform, building more public housing, and lifting social support payments have all been floated as pieces of the housing affordability puzzle.

Climate program accused of greenwashing 'not improper'

Climate program accused of greenwashing 'not improper'

Climate program accused of greenwashing 'not improper'

Climate program accused of greenwashing 'not improper'

As a strategy to drive climate action faces scrutiny, public servants say it may not be perfect but it did not act outside the law.

More cost of living relief on cards in federal budget

More cost of living relief on cards in federal budget

More cost of living relief on cards in federal budget

More cost of living relief on cards in federal budget

Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.

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'Once-in-a-generation' change in corporate reporting

Smaller firms may be wary of new reporting obligations but the big end of town is calling for rapid passage of laws requiring honesty on climate-related risks.

Consumer price data to set scene for May rates call

The cost of living pressures plaguing households have been subsiding and fresh data released this week will hopefully reveal further softening.

South Australia tops economic leaderboard again

South Australia is the top-performing state economy for the second quarter running although Western Australia could overtake it in coming months.

Sustainability: a price Australia can afford to pay?

Australia's mining bosses have been challenged by a former trade negotiator on sustainability standards and the social impact of extracting resources.

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Global tensions, China slowdown casts budget shadow

The threat of escalating conflict in the Middle East has cast further uncertainty over Australia's pre-budget economic outlook, the treasurer has warned.

Builder insolvencies may upend home buyer plans: expert

As construction businesses continue folding in their thousands, an expert warns one of the more accessible paths into home ownership could become risky.

Woodside revenue dives as fossil fuel prices dip

Australia's largest oil and gas producer Woodside has suffered a heavy loss in revenue as a result of a fall in fossil fuel production and prices.

Seven CEO Warburton exits early following controversies

James Warburton will step down immediately as head of Seven West Media, launching the reign of Jeff Howard at the scandal-plagued media conglomerate.

Government told to 'hold its nerve' on clean tech push

Clean energy groups want the federal government to stay the course on its industrial policy aimed at seizing a once-in-a-century decarbonisation opportunity.

Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

Extreme weather sparks higher wholesale energy prices

Some of the most extreme weather Australia has ever seen is proving to be the "X-factor" for power bills as wholesale energy prices rise.

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