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Latest news: Economy, Business and Finance

Australia catching up with world on sustainable finance

Australia catching up with world on sustainable finance

An independent progress tracker shows Australia is no longer a laggard on sustainable finance as it rapidly catches up with consumer and investor expectations.

Fresh records for renewables but fears linger for bills

Fresh records for renewables but fears linger for bills

Fresh records for renewables but fears linger for bills

Fresh records for renewables but fears linger for bills

Renewable energy is setting records and wholesale energy prices are returning to normal, but federal Labor is warning of bill shock if the rollout is delayed.

Australians resorting to theft amid high cost-of-living

Australians resorting to theft amid high cost-of-living

Australians resorting to theft amid high cost-of-living

Australians resorting to theft amid high cost-of-living

As cost-of-living pressures put household budgets under stress, millions of people are resorting to stealing to get the basic necessities of life.

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Putting food on the table getting harder as costs soar

Putting food on the table getting harder as costs soar

More than a third of Australian households are struggling with food insecurity and that includes many people who are working in mid-to-high earning jobs.

Businesses urged to step up for disability inequality

Businesses urged to step up for disability inequality

With inequality persisting for Australians living with disabilities, businesses are being urged to do their part and create more inclusive workplaces.

Middle East conflict could lead to higher petrol prices

Middle East conflict could lead to higher petrol prices

Australians could be facing higher petrol prices as the conflict in the Middle East escalates, Treasurer Jim Chalmers has warned.

Fingers crossed for soft enough inflation numbers

Fingers crossed for soft enough inflation numbers

Inflation has passed its peak and quarterly data will indicate if prices have been decelerating fast enough for the Reserve Bank to keep interest rates on hold.

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Residents returning to homes after Qld bushfires threat

Residents returning to homes after Qld bushfires threat

Residents returning to homes after Qld bushfires threat

Residents returning to homes after Qld bushfires threat

People who fled a fire at Beerwah have been told they can return, as grants are announced for those impacted by a fire still burning near Gladstone.

Port of Darwin lease won't be cancelled after review

Port of Darwin lease won't be cancelled after review

Port of Darwin lease won't be cancelled after review

Port of Darwin lease won't be cancelled after review

A controversial 99-year lease held by a Chinese company on the Port of Darwin won't be cancelled or varied, following a federal government review.

Business travel to China lifts off amid tariff talks

Business travel to China lifts off amid tariff talks

Business travel to China lifts off amid tariff talks

Business travel to China lifts off amid tariff talks

Businesses hope a breakthrough in Chinese sanctions on Australian exports is near as corporate travel bookings between Australia and China ramp up.

Harder to claim climate-friendly consumer credentials

Harder to claim climate-friendly consumer credentials

Harder to claim climate-friendly consumer credentials

Harder to claim climate-friendly consumer credentials

Consumers should be able to trust a long-running federal scheme that certifies "carbon neutral" claims by companies and organisations, federal Labor says.

WA premier 'disappointed' Alcoa could close refinery

WA premier 'disappointed' Alcoa could close refinery

WA premier 'disappointed' Alcoa could close refinery

WA premier 'disappointed' Alcoa could close refinery

Western Australia's premier is "disappointed" US giant Alcoa told investors it could close an alumina refinery near Perth after assuring government it wouldn't.

Jobs market 'softens around the edges' after rate rises

Jobs market 'softens around the edges' after rate rises

Jobs market 'softens around the edges' after rate rises

Jobs market 'softens around the edges' after rate rises

The unemployment rate has fallen to 3.6 per cent from 3.7 per cent, according to official data, after a modest 7000 jobs were added to the economy.

Reserve Bank of Australia records $6b loss for 2022/23

Reserve Bank of Australia records $6b loss for 2022/23

Reserve Bank of Australia records $6b loss for 2022/23

Reserve Bank of Australia records $6b loss for 2022/23

The Reserve Bank of Australia has reported a loss of $6 billion for 2022/23, including valuation losses from higher bond yields.

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High Court's EV ruling may pull the plug on other taxes

A High Court decision to rule Victoria's electric vehicle tax constitutionally invalid could leave similar levies vulnerable to legal challenge.

Say hello digital 'kitty', goodbye to freeloading mates

An Aussie-inspired app lets people pre-pay before a group event, hens' night or holiday so there's no need to waste time chasing up freeloading mates.

Record rooftop solar slashes wholesale energy prices

Energy demand plunged as mild winter temperatures and record high rooftop solar output slashed wholesale electricity and gas prices, the latest data shows.

'Shock, after shock' poses inflation risk: RBA boss

The global economic shocks just keep coming and Reserve Bank of Australia Governor Michele Bullock is concerned about the impact on the outlook for inflation.

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Town, 1200 workers reeling with major mine set to close

About 1200 workers are in limbo and a Queensland town is reeling after Glencore announced one of the world's biggest copper mines would close in 2025.

Buddy up to boost supply chains and economy, academic

Economics Professor Richard Holden says Australia can stay on its path of 'economic exceptionalism' but reform will be necessary.

Animal-free fat adds meaty goodness to plant proteins

A food technology company that's made a breakthrough aimed at the plant-based protein market is pitching its wares at omnivores who enjoy their meat.

Hancock lawyers attack rivals in high-stakes trial

Gina Rinehart's lawyers have attacked two rival mining dynasties' billion-dollar claims for iron ore riches in closing arguments at a high-stakes legal battle.

Big backyards could hold key to solve housing crisis

The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.

'Low tolerance' for slower return to target: RBA

Australia could be galloping towards a Melbourne Cup interest rate rise if progress on inflation proves too slow and the labour market too resilient.

Youth on YouTube with fries, wearing Cotton On: survey

YouTube retains its crown as a place of belonging and entertainment for Australia's Generation Z, according to this year's YouthInsight survey.

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