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Latest news: Economy, Business and Finance

Jobs market 'defies gravity' but weakening on horizon

Jobs market 'defies gravity' but weakening on horizon

The unemployment rate moved higher last month but is still well below historical norms, with more jobs added to the economy than expected.

Rift between net-zero climate pledges, carbon footprint

Rift between net-zero climate pledges, carbon footprint

Rift between net-zero climate pledges, carbon footprint

Rift between net-zero climate pledges, carbon footprint

Woodside, Chevron and Glencore have been assessed as at significant risk of "net-zero greenwash" and are urged to join the "climate ambition loop" instead.

WA hit by east coast infrastructure 'mismanagement'

WA hit by east coast infrastructure 'mismanagement'

WA hit by east coast infrastructure 'mismanagement'

WA hit by east coast infrastructure 'mismanagement'

Federal funding has been cut for several transport infrastructure projects in WA, with Premier Roger Cook blaming east coast mismanagement or cost overruns.

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Billions slashed from rail and road projects

Billions slashed from rail and road projects

Dozens of state projects have had their funding axed as the federal government scrambles to address a multi-billion dollar infrastructure cost blowout.

Qantas guilty over treatment of virus-concerned worker

Qantas guilty over treatment of virus-concerned worker

A court has found Qantas guilty of breaching NSW workplace health and safety laws after it stood down a worker who raised concerns about COVID-19.

Offshore carbon capture next frontier of 'ocean abuse'

Offshore carbon capture next frontier of 'ocean abuse'

As leaders prepare for climate talks, researchers warn against relying on storing greenhouse gas emissions in depleted wells under already fragile oceans.

Lower insurance premiums possible under NSW tax change

Lower insurance premiums possible under NSW tax change

Homeowners and businesses facing the highest insurance premiums in the nation could soon enjoy savings under a planned reform for NSW.

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Tax avoidance crackdown en route after PwC scandal

Tax avoidance crackdown en route after PwC scandal

Tax avoidance crackdown en route after PwC scandal

Tax avoidance crackdown en route after PwC scandal

Legislation is set to hit parliament that would give regulators more strength to tackle dodgy tax consultants with bigger punishments after the PwC scandal.

Growth forecasts take shine off bumper pay packets

Growth forecasts take shine off bumper pay packets

Growth forecasts take shine off bumper pay packets

Growth forecasts take shine off bumper pay packets

Worker pay packets recorded the biggest quarterly jump in the history of the official wage price index survey, but annual growth is still trailing inflation.

Interest, cost blowouts threaten SA budget surplus

Interest, cost blowouts threaten SA budget surplus

Interest, cost blowouts threaten SA budget surplus

Interest, cost blowouts threaten SA budget surplus

High inflation, rising interest rates and cost overruns may wipe out the South Australian government's projected budget surplus, the auditor-general has found.

Bikes and e-scooters pumping billions into the economy

Bikes and e-scooters pumping billions into the economy

Bikes and e-scooters pumping billions into the economy

Bikes and e-scooters pumping billions into the economy

The popularity of bikes and e-scooters has triggered a string of benefits, generating billions for the economy, while providing health and environmental gains.

'Minister for Higher Airfares' slowing airline recovery

'Minister for Higher Airfares' slowing airline recovery

'Minister for Higher Airfares' slowing airline recovery

'Minister for Higher Airfares' slowing airline recovery

Flight Centre says air travel competition and prices continue to improve but the market's recovery has been impeded by the federal government.

Move into mobile helps Aristocrat hit profit jackpot

Move into mobile helps Aristocrat hit profit jackpot

Move into mobile helps Aristocrat hit profit jackpot

Move into mobile helps Aristocrat hit profit jackpot

Aristocrat Leisure's full-year profit was up 13 per cent for the 12 months to September 30.

Social fabric strained amid growing financial pain

Social fabric strained amid growing financial pain

Social fabric strained amid growing financial pain

Social fabric strained amid growing financial pain

Australia's social cohesion is under pressure on multiple fronts, including financial stress and worsening economic inequality.

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'Not happy': states to pay more for infrastructure

States will be required to go 50-50 with the federal government on infrastructure projects, angering premiers who believe the changes are unfair.

Consumers, businesses still wary about the future

Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.

Spending wanes as consumers wait for next big event

Major events have been keeping spending elevated, with consumption in retreat throughout a quieter month.

US House Speaker Johnson floats plan to avert shutdown

A temporary funding measure announced by US Republican Speaker Mike Johnson is unlikely to win support from Democrats or the White House.

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Robust wage print expected as one-off pay bumps hit

Workers' wages have been growing strongly in a tight labour market, with new data set to show how quickly pay packets are expanding.

What Westpac zero deforestation pledge means for ag

A zero deforestation target for agriculture set by Westpac has been described as "enormous" by the conservation movement but condemned by farmers.

Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

'Up all night' Optus woos small businesses after outage

Embattled telco Optus is apologising to business customers, hoping to salvage its reputation after a nationwide outage left thousands of people out of pocket.

Energy minister confident in NT gas after setbacks

The Northern Territory Energy and Mining Minister Nicole Manison says she is still confident in the industry after a tough two weeks.

RBA's inflation forecasts edge higher as risks abound

Inflation is still expected to return to the Reserve Bank of Australia's target band by the end of 2025 but is proving to be more persistent than expected.

Cashless pokie trial flush with club and pub volunteers

Ten times the planned number of poker machines have been nominated for a cashless gaming trial in NSW, but critics say an expansion will lead to more delays.

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