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Latest news: Economy, Business and Finance

Offshore wind zone cut to appease locals, save whales

Offshore wind zone cut to appease locals, save whales

The latest offshore wind zone, slashed by almost half in response to community concerns, has been cautiously welcomed by environmental groups and unions.

Timor-Leste to take stake in gas field, carbon capture

Timor-Leste to take stake in gas field, carbon capture

Timor-Leste to take stake in gas field, carbon capture

Timor-Leste to take stake in gas field, carbon capture

Santos and its joint venture partners have agreed to give Timor Leste a stake in a long-running gas venture to keep plans for a carbon capture hub alive.

Economy yet to turn a corner as higher rates bite

Economy yet to turn a corner as higher rates bite

Economy yet to turn a corner as higher rates bite

Economy yet to turn a corner as higher rates bite

Australia is expected to post its slowest annual economic growth rate outside of the pandemic lockdowns since the 1990s as inflation persists.

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Many Brazilians feel disconnected without X

Many Brazilians feel disconnected without X

Elon Musk’s social media platform X has been shut down in Brazil making it largely inaccessible to millions of users on both the web and through mobile apps.

Plague of our time: banks devoting more to scam fight

Plague of our time: banks devoting more to scam fight

Australia's big four banks say they're setting aside more resources to prevent customers being scammed out of their money.

No cost to taxpayers from bond scandal: ANZ head

No cost to taxpayers from bond scandal: ANZ head

There will be consequences across ANZ following the misconduct of employees over bonds, the company's head says.

Tax cuts put away for rainy day as spending spree ends

Tax cuts put away for rainy day as spending spree ends

After two months of sales-fuelled growth, shoppers have tightened belts as the elevated cost-of-living keeps pressure on family finances.

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Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Red-letter day for AusPost as big rivals dog deliveries

Australia Post expects dog attacks to reduce as a fleet of stealthy electric delivery vehicles grows, but warns of more work to be done to turn a profit.

Shipbuilder eyes profit bounty from sovereign naval hub

Shipbuilder eyes profit bounty from sovereign naval hub

Shipbuilder eyes profit bounty from sovereign naval hub

Shipbuilder eyes profit bounty from sovereign naval hub

Defence contractor Austal looks forward to busier Australian shipyards after returning to profit and settling a fraud investigation in the United States.

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

More gloom ahead as economy plods along in slow lane

Australia's economy has been barely limping along and more weakness is anticipated in upcoming national accounts data.

Bank chiefs don't rate a quick end to costs crunch

Bank chiefs don't rate a quick end to costs crunch

Bank chiefs don't rate a quick end to costs crunch

Bank chiefs don't rate a quick end to costs crunch

Interest rates might have reached their peak but the head of Westpac says many households are still grappling with tight budgets.

Budget bliss as Kmart brand helps bag Wesfarmers profit

Australian conglomerate company Wesfarmers has lifted its profit by 3.7 per cent on the previous year as consumers snapped up affordable products at Kmart.

Gold producer says future of $1b mine remains unclear

Gold producer says future of $1b mine remains unclear

Gold producer says future of $1b mine remains unclear

Gold producer says future of $1b mine remains unclear

Regis Resources says it has a big task ahead of it to proceed with a gold mine in country NSW, part of which has been blocked by a federal protection order.

Casino precinct opens but yet to catch a falling Star

Casino precinct opens but yet to catch a falling Star

Casino precinct opens but yet to catch a falling Star

Casino precinct opens but yet to catch a falling Star

An eight year wait is finally over with the Brisbane's $3.6 billion Queen's Wharf entertainment precinct finally starting a staged opening.

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Lithium stalwart barely breaks even as rout continues

The world's largest hard-rock lithium mine has kept critical minerals producer IGO in the black, bankrolling a smaller dividend and offsetting nickel woes.

Energy 'reliability gaps' ahead for homes, businesses

New sources of power and transmission must be built "on time and in full" to secure the nation's electricity grid, the Australian market operator has warned.

'Not a fun time': Mineral Resources annual profit drops

Mineral Resources is "throwing everything off the deck" to ride out the lithium price slump, after its full-year profit fell by more than half.

Home sweet home: the places people never leave

Waterside suburbs and areas with idyllic lifestyles are unsurprisingly among the tightest-held property markets in the country, new data reveals.

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Indigenous businesses 'very healthy' as sector grows

Indigenous businesses are in a great position to harness opportunities presented by the 2032 Olympic Games, as the sector records "very healthy" growth.

Inflation steps down but ladder still steep for RBA

A mixed set of inflation numbers are unlikely to move the needle for the Reserve Bank as it weighs interest rates and persistent price pressures.

Greens to put money where their mouth is in dental plan

All Australians could get free access to dental care as the Greens set out their plans for power under a potential minority government.

Woolies registers big profit discount, says prices down

Sales are up at Woolworths but writedowns on its New Zealand stores and drinks business have a taken a huge slice out of its $1.7 billion operating profit.

Slow progress on unpaid super sparks calls for action

One in four workers are not receiving their full super entitlements, prompting calls for tougher compliance and legislative reform.

Fortescue 'doubling down' on green iron despite leaks

Mining giant Fortescue pledges to create a green metals industry grounded in Australian ore and renewable energy, after pulling back on championing hydrogen.

It's bad news for Nine as profits plunge amid cost cuts

The fractured advertising market continues to hit media revenues with Nine Entertainment full-year profits falling almost a third to $134.9 million.

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