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Latest news: Economy, Business and Finance

Wages lag productivity in mining, agriculture: study

Wages lag productivity in mining, agriculture: study

Workers in two major industries industries have not been enjoying a fair share of productivity gains in the past decade, an independent commission says.

Switch to renewables 'messed up' despite clean ambition

Switch to renewables 'messed up' despite clean ambition

Switch to renewables 'messed up' despite clean ambition

Switch to renewables 'messed up' despite clean ambition

Industry leaders have told Australian governments to "go harder" to expand solar and battery energy production or risk missing key goals.

PM urges renewables shift or risk being left behind

PM urges renewables shift or risk being left behind

PM urges renewables shift or risk being left behind

PM urges renewables shift or risk being left behind

The prime minister has told industry leaders they must move towards renewables or watch as the world passes Australia by.

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Australia to steer global climate adaptation framework

Australia to steer global climate adaptation framework

Climate adaptation will be a critical part of the first stocktake of global progress since the Paris Agreement, with Australia invited to lead negotiations.

Stranded luxury cruise ship pulled free in Greenland

Stranded luxury cruise ship pulled free in Greenland

The luxury Ocean Explorer cruise liner stranded in Greenland with 206 people onboard - including 90 Australians - has been pulled free at high tide.

Unexpected jobs surge leaves unemployment figure steady

Unexpected jobs surge leaves unemployment figure steady

Higher interest rates are yet to make a serious dent in Australia's jobs market, with a larger-than-expected surge in employment recorded.

Female tech founders a $44b opportunity ready to bloom

Female tech founders a $44b opportunity ready to bloom

Regional Australia presents a huge opportunity for technology and innovation, especially if women and young people are better engaged.

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Call for tax to stop exports of emissions, jobs to Asia

Call for tax to stop exports of emissions, jobs to Asia

Call for tax to stop exports of emissions, jobs to Asia

Call for tax to stop exports of emissions, jobs to Asia

Net-zero tsar Greg Combet has put Australia on a post-war footing for the massive task of decarbonising the economy but business leaders are more realistic.

Union boss issues warning after Qantas court decision

Union boss issues warning after Qantas court decision

Union boss issues warning after Qantas court decision

Union boss issues warning after Qantas court decision

Australian businesses have been warned unions are ready to mobilise against unfair work conditions after a High Court ruling against Qantas.

Homes too chilly and mouldy during winter, renters say

Homes too chilly and mouldy during winter, renters say

Homes too chilly and mouldy during winter, renters say

Homes too chilly and mouldy during winter, renters say

Requiring landlords to install efficient heaters and ceiling insulation could keep renters healthy and homes free of mould, a tenant organisation recommends.

Consumers in pain but find Matildas and movie money

Consumers in pain but find Matildas and movie money

Consumers in pain but find Matildas and movie money

Consumers in pain but find Matildas and movie money

An influx of university students, Matildas fever and surging petrol prices have kept consumer spending expanding even as household budgets take a hammering.

Support for fossil fuel firms to pay for climate damage

Support for fossil fuel firms to pay for climate damage

Support for fossil fuel firms to pay for climate damage

Support for fossil fuel firms to pay for climate damage

Most Australians want coal, oil and gas companies profiting amid a climate crisis to pay for the damage they are causing, a survey shows.

Feds 'playing catch-up' on use of ChatGPT in schools

Feds 'playing catch-up' on use of ChatGPT in schools

Feds 'playing catch-up' on use of ChatGPT in schools

Feds 'playing catch-up' on use of ChatGPT in schools

Australia could build a version of ChatGPT for schools to avoid bogus Internet-derived information being used by students and teachers, an inquiry hears.

Rent squeeze leaving Australians 'stuck' in the regions

Rent squeeze leaving Australians 'stuck' in the regions

Rent squeeze leaving Australians 'stuck' in the regions

Rent squeeze leaving Australians 'stuck' in the regions

New regional residents will need good jobs, decent pay and safe communities to stay in the bush for good, a conference has been told.

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Insurers demand action on risks to stay above water

The financial hit from catastrophes may have dropped over the past 12 months but insurance premiums keep rising, an industry report shows.

Crossbenchers fire up over support for first responders

The inclusion of changes to protect first responders and domestic violence survivors in Labor's workplace bill has been labelled a "cynical ploy".

Businesses trundling along, despite consumer caution

Australian businesses are still faring relatively well but consumers remain fearful, despite the interest rate hiking cycle drawing to a close.

Biggest super fund 'engaged' with Woodside over climate

A leading investor rejects allegations of "greenwashing" over its support for three Woodside Energy directors, including resources stalwart Ian Macfarlane.

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Need for 'fair dinkum' emission plans, climate literacy

Scrutiny on businesses using carbon credits to meet declared climate commitments is bringing pressure for more ambitious plans to cut emissions.

Cost of living crisis a double whammy as poor pay more

Australians on lower incomes often pay more for the same basic essentials due to being less able to shop around or buy in bulk, a new report has found.

Chinese demand boosts record Aussie agriculture exports

Australian agricultural exports have hit a record high for a second year, as China stays the number one destination, fuelled by continued demand for crops.

New alliance calls for $100b clean energy package

The US Inflation Reduction Act has triggered an investment race and a new alliance says Australia needs its own package to kickstart clean industries.

Melbourne traders fear drop after Bourke Street attack

Business owners in Melbourne's CBD fear the latest deadly Bourke Street incident could have a lasting impact with some already experiencing a fall in customers.

Cap mining's diesel rebates to electrify change: report

A free pass on diesel use for the mining sector is preventing Australia from becoming an industrial powerhouse and battery manufacturer, a think tank says.

Labour force resilience to be tested as market softens

Fresh labour force numbers and a peek inside the business sector will dominate the economic agenda amid indications the jobs market is starting to cool.

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