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The Latest News from economy, business and finance

Shuck horror! WA-grown Sydney Rock Oysters heading east

Shuck horror! WA-grown Sydney Rock Oysters heading east

According to a Western Australian farm backed by Andrew Forrest and his ex-wife Nicola Forrest, some of the best Sydney Rock Oysters don't come from NSW.

RBA tipped to keep rates steady for 12th straight month

RBA tipped to keep rates steady for 12th straight month

RBA tipped to keep rates steady for 12th straight month

RBA tipped to keep rates steady for 12th straight month

Interest rates have been kept on hold for almost a year and are broadly expected to stay there until cuts start in early 2025, provided inflation keeps easing.

Calls to bring forward PM's plans for student loan help

Calls to bring forward PM's plans for student loan help

Calls to bring forward PM's plans for student loan help

Calls to bring forward PM's plans for student loan help

The prime minister wants to recalibrate Labor's agenda following controversy, pitching student loan help at graduates juggling cost-of-living pressures.

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Broken system lets big business off tax hook: institute

Broken system lets big business off tax hook: institute

Major corporations that pay no company income tax are taking advantage of a broken system that needs government intervention, a think tank says.

Miners dominate company tax list as others pay zero

Miners dominate company tax list as others pay zero

A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.

Strengthening wildlife numbers key to mitigate bird flu

Strengthening wildlife numbers key to mitigate bird flu

The Invasive Species Council wants better bird protections to mitigate the impact of a deadly bird flu strain as Australia war games how to contain an outbreak.

Household spending 'surprisingly soft' despite tax cuts

Household spending 'surprisingly soft' despite tax cuts

Australians are still watching their pennies even as consumers report more confidence in the future state of their finances.

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Property market easing with falls across four capitals

Property market easing with falls across four capitals

Property market easing with falls across four capitals

Property market easing with falls across four capitals

Slowing momentum in home price growth bodes well for those hoping to get a foot on the property ladder as the central bank weighs rate cuts.

Labour hire workers in line for boost to wages

Labour hire workers in line for boost to wages

Labour hire workers in line for boost to wages

Labour hire workers in line for boost to wages

New laws requiring labour-hire workers to be paid the same as other employees have come into effect.

Profit squeeze as supermarkets try to win back shoppers

Profit squeeze as supermarkets try to win back shoppers

Profit squeeze as supermarkets try to win back shoppers

Profit squeeze as supermarkets try to win back shoppers

Woolworths and Coles are ratcheting up discounts to win back shoppers dissatisfied with price rises in the sector, and taking a hit to profits in the process.

UK treasurer says claims more plans to boost growth

UK treasurer says claims more plans to boost growth

UK treasurer says claims more plans to boost growth

UK treasurer says claims more plans to boost growth

After a budget of big tax increases and borrowing, Britain's finance minister insists her government has more in the cupboard to help rev the UK's slow economy.

Wesfarmers defends record profits amid cost crisis

Wesfarmers defends record profits amid cost crisis

Wesfarmers defends record profits amid cost crisis

Wesfarmers defends record profits amid cost crisis

Wesfarmers chair Michael Chaney is reclaiming the word "profit" as the parent company of Kmart and Bunnings reaps a record profit amid a cost-of-living crisis.

AI becomes playmaker in push for security cooperation

AI becomes playmaker in push for security cooperation

AI becomes playmaker in push for security cooperation

AI becomes playmaker in push for security cooperation

As vulnerability grows with the onset of AI, a tech leader calls for cyber security to become a team sport not a trade secret for governments and companies.

Fish furore: Woolies refuses to phase out farmed salmon

Fish furore: Woolies refuses to phase out farmed salmon

Fish furore: Woolies refuses to phase out farmed salmon

Fish furore: Woolies refuses to phase out farmed salmon

Woolworths shareholders have questioned the company's board over its pricing practices and use of farmed salmon which threatens the existence of a rare fish.

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'People haven’t splurged': tax cut spending subdued

Australian retailers are finally starting to see a more upbeat consumer, though spending is unlikely to be strong enough to fan the flames of inflation.

Optus regrets 'unacceptable' conduct alleged by ACCC

Australia's second-largest telco says it failed to meet expectations after the consumer watchdog alleged "unconscionable conduct" against vulnerable customers.

Flight upgrades still clear for take-off despite outcry

Aviation experts say flight upgrades for business leaders and politicians are likely here to stay after concern about the prime minister's travel arrangements.

Aussies willing to visit eight shops for groceries

The cost-of-living crunch is motivating more Aussies to shop around but it hasn't halted Coles sales growth, up 2.9 per cent in the first quarter.

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Demand to pressure US senators out of kangaroo ban

Australian politicians and officials have been asked to pressure US senators out of a kangaroo ban that could harm exports and farming.

Retail eyes frightfully good Halloween spending splurge

Australian retailers are expecting a $450 million spend on Halloween before an even bigger splurge during the black Friday and cyber Monday sales.

Call for heat pumps to cut industrial carbon footprint

Australia is ignoring a technology that rival manufacturers are using to replace fossil fuels and keep factories open, energy economists say.

Sceptics question BHP pursuit of 'risky' carbon capture

BHP says it is "unapologetically" looking at carbon capture and storage as sceptics question the mining giant's pursuit of the technology over other solutions.

Nine grocery items bill tops $100 in remote community

Some Indigenous communities are paying twice as much for groceries as people in capital cities, a consumer advocacy organisation investigation has found.

'Long way to go' as record number of scams reported

Complaints about scams and financial hardship have grown in one of the most worrying trends of the past year, according to the peak financial complaints body.

Big coal miner stares down protests, shareholder vote

Shareholders voting at Whitehaven Coal's annual general meeting have supported the company's executive remuneration plan, defeating moves to spill the board.

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