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Latest news: Economy, Business and Finance

Going with the flow to run renewables round the clock

Going with the flow to run renewables round the clock

The high-tech battery behind a $20 million project could be the answer to using solar and wind power 24 hours a day and kickstart a new supply chain.

Government faces global and local calls for tax reform

Government faces global and local calls for tax reform

Government faces global and local calls for tax reform

Government faces global and local calls for tax reform

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

'Duty to assist' key to ending homelessness

'Duty to assist' key to ending homelessness

'Duty to assist' key to ending homelessness

'Duty to assist' key to ending homelessness

Homelessness Australia says its possible to end homelessness within a decade if Australia can muster the political and financial will.

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Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Corporate heavyweight Michael Chaney says proposed changes to Australia's labour laws would add complexity and cost.

Billionaire says vote for climate with career switch

Billionaire says vote for climate with career switch

More than two clean energy jobs will be created for every fossil fuel-related job lost, tech billionaire Mike Cannon-Brookes tells a net-zero jobs fair.

RBA 'wary' more rate hikes needed to beat inflation

RBA 'wary' more rate hikes needed to beat inflation

The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.

Ritzy White House dinner Albanese's dating highlight

Ritzy White House dinner Albanese's dating highlight

Prime Minister Anthony Albanese and partner Jodie Haydon enjoyed a State Dinner at the White House, although Australia's A-list stars were nowhere to be found.

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Woolworths shareholders revolt after two worker deaths

Woolworths shareholders revolt after two worker deaths

Woolworths shareholders revolt after two worker deaths

Woolworths shareholders revolt after two worker deaths

Woolworths Group shareholders have rejected the company's remuneration framework, saying bonuses should have been slashed more after the deaths of two workers.

Coal fires up Queensland's budget surplus

Coal fires up Queensland's budget surplus

Coal fires up Queensland's budget surplus

Coal fires up Queensland's budget surplus

Net debt has shrunk and the budget surplus has boomed, a report into the Queensland government's finances has revealed.

AGL agrees to pay $6m fine over compliance breaches

AGL agrees to pay $6m fine over compliance breaches

AGL agrees to pay $6m fine over compliance breaches

AGL agrees to pay $6m fine over compliance breaches

Australian energy provider AGL has agreed to pay a substantial fine for failing to provide crucial power grid stability services.

Plan to step up climate investment in vital regions

Plan to step up climate investment in vital regions

Plan to step up climate investment in vital regions

Plan to step up climate investment in vital regions

Super funds and other climate investors have released a plan to help bankroll new industries so workers facing job losses do not shoulder the burden alone.

Biden's braised ribs and beets on menu for PM Albanese

Biden's braised ribs and beets on menu for PM Albanese

Biden's braised ribs and beets on menu for PM Albanese

Biden's braised ribs and beets on menu for PM Albanese

President Joe Biden will host Prime Minister Anthony Albanese for a state dinner, with a spectacular setting and gorgeous food being prepared for guests.

Industrial emissions a key to hitting climate targets

Industrial emissions a key to hitting climate targets

Industrial emissions a key to hitting climate targets

Industrial emissions a key to hitting climate targets

No clean technologies - solar batteries, electric cars and heat pumps - are truly green unless the whole supply chain slashes emissions, consumers are warned.

Heated inflation figures put rate hike firmly in play

Heated inflation figures put rate hike firmly in play

Heated inflation figures put rate hike firmly in play

Heated inflation figures put rate hike firmly in play

The Reserve Bank may be forced to lift interest rates again as fresh inflation data suggests the fight is not yet over.

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Extra $2b to finance critical minerals 'lacks ambition'

An extra $2 billion for the critical minerals supply chain will form part of the Albanese government's plan to support allies and overhaul the economy.

Rates to lift if inflation outlook in jeopardy: RBA

The Reserve Bank "won't hesitate" to raise interest rates further if inflation forecasts come in higher than expected, the central bank's governor says.

Belgian royal holds spotlight on human rights in trade

Princess Astrid of Belgium has continued her visit to Australia, part of her nation's first economic mission here in more than 10 years.

New airport brings chat-pausing noise to thousands

Noise from the new Western Sydney Airport won't force the acquisition of nearby properties but dozens will be eligible for free home insulation to dull sound.

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Microsoft invests $5b in Aussie cyber shield, AI future

The prime minister's visit to the United States has unlocked a $5 billion deal with tech giant Microsoft to build a cyber shield and upskill Australians.

Tassie next in line for potential offshore wind bonanza

A local community is being urged to have its say on a potential offshore wind zone in the Bass Strait off Tasmania's north coast.

NSW keeps triple-A credit rating despite rising debt

Ratings agency Moody's has reaffirmed its top credit rating for NSW as the state budget plunges further into the red.

Call to build homes to defy climate, save $4b a year

As floods, cyclones and bushfires become more ferocious, costs to home-owners could double by 2050 without changes to the construction code, an analysis shows.

Spike in petrol prices adding to inflation pain

Australian motorists should not expect fuel price relief any time soon due to a weak exchange rate and volatile oil markets

Expanded paid parental leave hinges on room in budget

The national paid parental leave scheme could be extended beyond 26 weeks as the government considers ways to close the economic gaps between men and women.

Albanese-Biden to turn AUKUS vision into reality

Prime Minister Anthony Albanese will use his official visit to Washington to turn the AUKUS vision of nuclear-powered submarines into a reality.

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