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Latest news: Economy, Business and Finance

Employment boom unwinds two months of weakness

Employment boom unwinds two months of weakness

Australia has posted a strong labour market report, although the noisy summer months make it difficult to determine the implications for interest rates.

Electrification needs gas to bridge shortfall: operator

Electrification needs gas to bridge shortfall: operator

Electrification needs gas to bridge shortfall: operator

Electrification needs gas to bridge shortfall: operator

Despite a push for electrification, the energy market operator is urging investment in gas pipelines, storage and ports to secure power for homes and industry.

Port, road sales drive 'pain' in cost-of-living crisis

Port, road sales drive 'pain' in cost-of-living crisis

Port, road sales drive 'pain' in cost-of-living crisis

Port, road sales drive 'pain' in cost-of-living crisis

The rising cost of living has been made worse by the sale of ports and roads in NSW, the state's treasurer says.

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Directing companies shouldn't be a Sisyphean task: ASIC

Directing companies shouldn't be a Sisyphean task: ASIC

The chair of Australia's corporate watchdog has drawn on Greek mythology to call out company directors who think their jobs are too hard.

Simple way to save hundreds on household insurance

Simple way to save hundreds on household insurance

Two of the nation's biggest insurers are offering discounts on premiums if residents can prove they're prepared for bushfires, with hopes others will follow.

Fuels versus food fight becoming 'less emotional'

Fuels versus food fight becoming 'less emotional'

Growing and crushing more crops to keep planes in the skies and farmers on the land does not have to compromise food security, industry leaders say.

Vacuum cleaner chain Godfreys to close after 93 years

Vacuum cleaner chain Godfreys to close after 93 years

Founded in 1931, Godfreys was one of the world's largest vacuum store chains but struggled in the face of competition from electronics and online retailers.

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Online shopping is forcing down prices by $1100 a year

Online shopping is forcing down prices by $1100 a year

Online shopping is forcing down prices by $1100 a year

Online shopping is forcing down prices by $1100 a year

Greater competition from online shopping is forcing down the price of some goods, research has found, and could have a bigger impact in the future.

Victoria inches closer to scrapping business stamp duty

Victoria inches closer to scrapping business stamp duty

Victoria inches closer to scrapping business stamp duty

Victoria inches closer to scrapping business stamp duty

The Victorian government is moving to scrap stamp duty on commercial properties and replace it with an annual property tax.

Rate peak to buoy confidence and possibly home prices

Rate peak to buoy confidence and possibly home prices

Rate peak to buoy confidence and possibly home prices

Rate peak to buoy confidence and possibly home prices

Growing confidence that interest rates are going no higher and cuts may start later this year could improve consumer sentiment and home-buying activity.

Rates on hold but RBA ‘not ruling anything in or out’

Rates on hold but RBA ‘not ruling anything in or out’

Rates on hold but RBA ‘not ruling anything in or out’

Rates on hold but RBA ‘not ruling anything in or out’

Interest rates have been left steady for another meeting and the Reserve Bank has kept its options wide open when it comes to future moves.

Call for more biofuels to keep trucks, utes on the road

Call for more biofuels to keep trucks, utes on the road

Call for more biofuels to keep trucks, utes on the road

Call for more biofuels to keep trucks, utes on the road

Aussies are lagging on decarbonisation and risk paying an ongoing "green premium" for alternative fuels without changes to government policy and carbon markets.

Product price hike fears over supermarket smash-up laws

Product price hike fears over supermarket smash-up laws

Product price hike fears over supermarket smash-up laws

Product price hike fears over supermarket smash-up laws

An unlikely political alliance is stirring to push new laws that punish supermarkets for price gouging but the business lobby is warning of unintended outcomes.

States in harmony on GST forecasts, discord on carve-up

States in harmony on GST forecasts, discord on carve-up

States in harmony on GST forecasts, discord on carve-up

States in harmony on GST forecasts, discord on carve-up

Several state treasurers are calling on commonwealth officials to tell them how much GST they can expect for the next four years.

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Relief for some as power prices drop, but not for all

Regulators have released draft recommendations on what consumers in Australia's east will pay to keep the lights on. One state will see a big drop.

Workers underprepared as AI reaches turning point

Few Australian businesses are fully prepared to deploy a transformational technology set to democratise intelligence to almost all workers, a report says.

First Nations green hydrogen project wins federal grant

A clean energy project has hit a milestone for future production of hydrogen and ammonia powered by giga-scale solar and hydro as well as Indigenous knowledge.

Calls to heat up competition in nation's postal sector

A tech start-up is pushing for Australia Post's delivery network to be opened up to private players, in a bid to drive competition and boost regional economies.

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Rising price of instant coffee a bitter blend

The weekly shop for groceries has grown unbearable for some households with the price of certain essential goods almost doubling at major grocers.

Extra paid parental leave welcomed but unions want more

An increase in paid parental leave to 26 weeks from mid-2026 has been welcomed but there are calls to further reform the scheme.

Subsidiaries offer cheaper rates than big bank parents

Big banks are attracting new customers via their subsidiaries and digital offshoots while customers with their main brands keep their margins healthy.

Australians spend less, more often in online shop surge

Baby boomers are increasingly shopping online but have a way to go before out-spending their millennial children as cost-of-living pressures shrink baskets.

Voters open-minded on investor tax break reform

One in five voters want negative gearing and the capital gains tax discount to stay the same, while three in five are open to reforming the tax settings.

Aussies losing more than just sweat in heatwaves

The economic cost of heatwaves in western Sydney has reached $1.6 billion a year and is expected to balloon to $6 billion by 2070.

Rush to resolve triple zero glitch ahead of 3G shutdown

A working group with Telstra, Optus and TPG has been set up to find a solution to a looming technical issue preventing triple zero calls on some mobile phones.

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