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Latest news: Economy, Business and Finance

Labor unveils super tax tweaks on big balances

Labor unveils super tax tweaks on big balances

Tax office data shows super balances of $100 million-plus increasing more than 50 per cent in one year as Labor prepares to crack down on tax breaks.

Critical minerals driving net zero even as prices dip

Critical minerals driving net zero even as prices dip

Critical minerals driving net zero even as prices dip

Critical minerals driving net zero even as prices dip

New data forecasts clean energy commodity prices will decelerate, while a consultation paper has been released mapping a strategy for the changing role of gas.

Pilot strike to wreak havoc on resources sector workers

Pilot strike to wreak havoc on resources sector workers

Pilot strike to wreak havoc on resources sector workers

Pilot strike to wreak havoc on resources sector workers

Thousands of FIFO workers are expected to be affected when pilots from the Qantas-owned Network Aviation work off the job as a wages dispute intensifies.

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US regulator's approval a 'game-changer' for Cyclopharm

US regulator's approval a 'game-changer' for Cyclopharm

Sydney-based Cyclopharm is preparing to send hundreds of its generators to the US for use in diagnosing pulmonary embolisms after receiving regulatory approval.

Borrowers survive fixed-rate cliff but more pain looms

Borrowers survive fixed-rate cliff but more pain looms

The expiry of hundreds of thousands of ultra-low fixed-rate mortgages has been painful but most borrowers have taken it in their stride.

Housing recovery entrenched but pace of growth eases

Housing recovery entrenched but pace of growth eases

Home values continue to rise but growth has slowed amid more advertisements for stock and the toll of higher interest rates and cost of living pressures.

US Congress passes stopgap bill to avert shutdown

US Congress passes stopgap bill to avert shutdown

The threat of a US government shutdown has been averted after Congress approved a temporary funding plan - but it came at the expense of aid for Ukraine.

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Price gouging child care could be named and shamed

Price gouging child care could be named and shamed

Price gouging child care could be named and shamed

Price gouging child care could be named and shamed

Childcare centres charging parents exorbitant fees could be named and shamed under reforms proposed by the consumer watchdog.

Biden blames Republicans for 'manufactured crisis'

Biden blames Republicans for 'manufactured crisis'

Biden blames Republicans for 'manufactured crisis'

Biden blames Republicans for 'manufactured crisis'

The White House has pinned the blame for the now averted threat of a government shutdown on House Republicans who'd been unable to pass a funding package.

Engineers, scientists to squeeze more out of oil, gas

Engineers, scientists to squeeze more out of oil, gas

Engineers, scientists to squeeze more out of oil, gas

Engineers, scientists to squeeze more out of oil, gas

A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.

House prices smash records, fully reversing 2022 lows

House prices smash records, fully reversing 2022 lows

House prices smash records, fully reversing 2022 lows

House prices smash records, fully reversing 2022 lows

Australia's housing market has fully rebounded from recent lows as several major cities achieve new price peaks due to buyer and seller confidence.

Reserve Bank likely to stay on data watch in October

Reserve Bank likely to stay on data watch in October

Reserve Bank likely to stay on data watch in October

Reserve Bank likely to stay on data watch in October

The key cash interest rate is likely to remain unchanged at 4.1 per cent after the first central bank monetary policy meeting led by governor Michele Bullock.

Summit tackles 'resource anxiety' over energy materials

Summit tackles 'resource anxiety' over energy materials

Summit tackles 'resource anxiety' over energy materials

Summit tackles 'resource anxiety' over energy materials

Governments must do more to attract capital for critical minerals, and as quickly as possible, to win in the energy transition, BHP CEO Mike Henry warns.

India's furnaces not the answer for Aussie coal exports

India's furnaces not the answer for Aussie coal exports

India's furnaces not the answer for Aussie coal exports

India's furnaces not the answer for Aussie coal exports

A report has found India will reduce its dependence on Aussie coal in steel furnaces as the price of green hydrogen comes down and carbon penalties go up.

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Feeble retail sales growth reflects stretched consumers

Consumers appear to be spending more cautiously in a sign the Reserve Bank's mission to reduce inflation is working as intended.

Tech firm raises $15m to ease clean energy bottlenecks

Clean energy technology company Neara has raised $15.25 million to expand their digital platform and help integrate more renewable generation into networks.

Household wealth grows but signs of pain emerging

Australian households became wealthier last quarter as home prices continued ticking up and super balances swelled.

Qantas chair to stay at controls despite mounting flak

Qantas boss Richard Goyder is defying calls for his resignation, saying he won't step away from the airline as it looks to improve its battered image.

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Game on for critics as Dockers score new oil giant deal

The Fremantle Dockers have extended a sponsorship deal with Woodside despite high-profile fans and scientists urging the AFL club to ditch the fossil fuel firm.

Betashares to acquire Bendigo Bank's super business

Bendigo and Adelaide Bank is selling its superannuation business to Betashares, one of Australia's largest exchange-traded fund issuers.

Raw deal for hybrid drivers in EV tax scheme 'shambles'

Drivers of electric and plug-in hybrid vehicles are being unfairly punished by a scheme designed to level the playing field in Victoria, the ombudsman suggests.

Inflation jump complicates Reserve Bank's job

Australia's consumer prices have risen 5.2 per cent in the latest figures, with fuel, housing, transport, food and insurance the biggest drivers.

Allied Power acquisition to energise remote projects

Two companies are joining forces on energy transmission projects for the mining sector as remote operators increasingly need ways to decarbonise.

Cloud-based micro businesses floated for future economy

Artificial intelligence in health, education or agriculture could fix many social challenges and is within reach for even the smallest firms, a report shows.

Winner winner, chicken dinner: strike over at Inghams

Footy fans can rest assured that KFC and parmis are back on the menu after chicken workers ended a strike that threatened supplies ahead of the grand finals.

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