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Latest news: Economy, Business and Finance

Cash rate likely on hold in 'straightforward' call

Cash rate likely on hold in 'straightforward' call

No change in interest rates is expected when the Reserve Bank meets this week and the case to hike further will likely be discussed despite a weak economy.

Opposition wants TikTok split from Chinese parent firm

Opposition wants TikTok split from Chinese parent firm

Opposition wants TikTok split from Chinese parent firm

Opposition wants TikTok split from Chinese parent firm

The shadow home affairs spokesman wants to follow the United States in its TikTok crackdown but defended the Liberal Party's right to have an official account.

Aged care minister dismisses worker pay inflation fears

Aged care minister dismisses worker pay inflation fears

Aged care minister dismisses worker pay inflation fears

Aged care minister dismisses worker pay inflation fears

Aged Care Minister Anika Wells has defended pay rises for the nation's lowest-paid workers, saying they aren't the reason for Australia's inflation problem.

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Call to join the decarb army for easy wins on emissions

Call to join the decarb army for easy wins on emissions

Decarbonisation will be "bigger than tech" by 2030 according to an industry leader who is touring Australia to spruik quick wins on energy bills and emissions.

FTX fraudster Bankman-Fried deserves 50 years: lawyers

FTX fraudster Bankman-Fried deserves 50 years: lawyers

Sam Bankman-Fried, the man convicted of stealing $A12b from his now-bankrupt FTX cryptocurrency exchange, should spend up to 50 years in jail, a judge was told.

Flood survivors stress about insurance and future risks

Flood survivors stress about insurance and future risks

Relief funding shortfalls and rising insurance costs are fuelling concerns from households impacted by natural disasters including floods.

CSIRO boss defends scientists after Dutton attack

CSIRO boss defends scientists after Dutton attack

CSIRO chief executive officer Douglas Hilton has issued a rare public statement to urge politicians to "resist the temptation to disparage science".

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Tabcorp CEO resigns after alleged offensive comment

Tabcorp CEO resigns after alleged offensive comment

Tabcorp CEO resigns after alleged offensive comment

Tabcorp CEO resigns after alleged offensive comment

Tabcorp chief Adam Rytenskild says he doesn't remember making the alleged comment but is stepping down immediately.

From talk to torque: sovereign steel for solar economy

From talk to torque: sovereign steel for solar economy

From talk to torque: sovereign steel for solar economy

From talk to torque: sovereign steel for solar economy

Manufacturer Orrcon Steel has joined forces with a global energy firm to supply torque tubes made from 100 per cent Australian steel for solar panel tracking.

No plans for TikTok ban in Australia despite US moves

No plans for TikTok ban in Australia despite US moves

No plans for TikTok ban in Australia despite US moves

No plans for TikTok ban in Australia despite US moves

As TikTok faces a potential ban in the US, the company says the move is "not based in fact", welcoming Anthony Albanese's more moderate comments.

Labor stumps up almost $1b for NT rare earths project

Labor stumps up almost $1b for NT rare earths project

Labor stumps up almost $1b for NT rare earths project

Labor stumps up almost $1b for NT rare earths project

The federal government has continued its big spend-up in the Northern Territory with a funding package of up to $840 million for a rare earths mining project.

'No care factor' as banks abandon remote communities

'No care factor' as banks abandon remote communities

'No care factor' as banks abandon remote communities

'No care factor' as banks abandon remote communities

Business owners are having to fly with bags of cash to city banks after a remote branch closed its doors, amid reports of robberies, scams and elder abuse.

Former Greek minister's wishlist for Australia

Former Greek minister's wishlist for Australia

Former Greek minister's wishlist for Australia

Former Greek minister's wishlist for Australia

The economist's call for a nationwide tax overhaul comes as part of a demand to counteract the concentration of power among large technological corporations.

Calls to end 'problematic' supermarket specials

Calls to end 'problematic' supermarket specials

Calls to end 'problematic' supermarket specials

Calls to end 'problematic' supermarket specials

Consumer group Choice has urged supermarkets to end the practice of offering further discounts only to customers who have signed up to membership schemes.

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Farmer confidence takes root after two-year downturn

Rising commodity prices and strong seasonal conditions have farmers in most states looking on the bright side again.

Clean energy investment slowdown threatens 2030 target

A record year for big batteries and love of rooftop solar is not enough to shake off coal generation and go largely renewable by 2030, the industry warns.

Melbourne rail loop cost blows out to $216b: analysis

Victoria's independent budget office has priced the Suburban Rail Loop project at $216 billion to build and operate, $16 billion higher than a 2022 estimate.

Woodside, Santos expansion less than super for funds

Some superannuation funds are reducing exposure to Woodside and Santos as members demand more climate action instead of their money bankrolling new gas fields.

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Aussie green bank stumps up millions for future lithium

An emerging battery minerals producer will get $550 million to ride out a market slump and finish developing one of the world's best lithium deposits.

Hundreds of jobs axed with PwC to 'simplify' business

Big Four consultant PwC has made hundreds of jobs redundant and accelerated the retirements of more than 30 partners in an effort to streamline its structures.

Swifties boost spending but overall consumer pulse weak

Households are cutting back on clothing, footwear and meals to afford things they cannot do without like insurance, education - and Taylor Swift concerts.

Comm Bank customers shut out of online banking

Commonwealth Bank customers are unable to access their accounts online, with the bank posting a message that it's urgently investigating the outage.

NSW loses $1.65 billion in GST revenue carve-up

NSW will be $1.65 billion worse off after its share of GST revenue was slashed from 92.4 per cent to 86.7 per cent - the largest single-year drop in 24 years.

NSW, Queensland biggest losers in 'absurd' GST carve-up

Victoria and Western Australia are multi-billion-dollar winners in the latest carve-up of the Goods and Services Tax , which NSW has slammed as "absurd".

Dutton floats incentives to gain nuclear social licence

Opposition Leader Peter Dutton will consider incentives to encourage community support for the nuclear plants he wants built as 'companions' to renewables.

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