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Latest news: Economy, Business and Finance

Feds step up funding for Tas power link to the mainland

Feds step up funding for Tas power link to the mainland

The federal government will now shoulder a larger share of the financial burden to complete the Marinus Link energy project connecting Tasmania to the mainland.

Pause likely at Lowe's final interest rate call

Pause likely at Lowe's final interest rate call

Pause likely at Lowe's final interest rate call

Pause likely at Lowe's final interest rate call

The Reserve Bank of Australia could leave interest rates unchanged for the third month in a row, following more signs that inflation is continuing to moderate.

Latest artificial intelligence tests digital government

Latest artificial intelligence tests digital government

Latest artificial intelligence tests digital government

Latest artificial intelligence tests digital government

Artificial intelligence has been at the core of the delivery of digital government services for years but the rise of popular AI tools has raised new questions.

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Meals on Wheels does more than just deliver food

Meals on Wheels does more than just deliver food

As Meals on Wheels marks 70 years of serving the community, the organisation is looking back on the hidden value it provides to its elderly and infirm clients.

Investors flock to Brisbane but other cities subdued

Investors flock to Brisbane but other cities subdued

Investor lending has jumped in Queensland but fallen in most other key states, with strong property price growth also reported in the state's capital.

Watchdog seeks record fine for Qantas cancelled flights

Watchdog seeks record fine for Qantas cancelled flights

The head of the consumer watchdog wants Qantas to face a fine of $250 million if a cancelled tickets case against it is successful.

Fight brews as business digs in over workplace reforms

Fight brews as business digs in over workplace reforms

Business groups have lashed out at "radical" reforms that will grant minimum pay rights to gig workers, claiming the government's proposals will drive up costs.

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Qantas jettisons flight credit deadlines, faces new row

Qantas jettisons flight credit deadlines, faces new row

Qantas jettisons flight credit deadlines, faces new row

Qantas jettisons flight credit deadlines, faces new row

Qantas has scrapped the expiration date for nearly $500 million in flight credits but faces more public backlash with a watchdog taking the airline to court.

Big loss renews Australia Post's open letter for reform

Big loss renews Australia Post's open letter for reform

Big loss renews Australia Post's open letter for reform

Big loss renews Australia Post's open letter for reform

Australia Post has renewed a plea to update its charter after the government-owned enterprise lost $384 million delivering letters in the past financial year.

Business investment jumps 2.8pct as supply chains ease

Business investment jumps 2.8pct as supply chains ease

Business investment jumps 2.8pct as supply chains ease

Business investment jumps 2.8pct as supply chains ease

Business investment has picked up because of solid growth across buildings, machinery and equipment, the Australian Bureau of Statistics says.

Industry flags Qantas travel credit extension

Industry flags Qantas travel credit extension

Industry flags Qantas travel credit extension

Industry flags Qantas travel credit extension

Qantas has come under pressure to extend the deadline customers would have to redeem travel credits issued during the height of the pandemic.

Future Fund posts six per cent return, grows to $206b

Future Fund posts six per cent return, grows to $206b

Future Fund posts six per cent return, grows to $206b

Future Fund posts six per cent return, grows to $206b

The Future Fund stood at a record $206.1 billion as of June 30 after posting a six per cent annual return.

Welcome progress on inflation as rate hikes take effect

Welcome progress on inflation as rate hikes take effect

Welcome progress on inflation as rate hikes take effect

Welcome progress on inflation as rate hikes take effect

Cooler than expected inflation might have lowered the odds of an RBA rate hike, but an economist warns the price of one major item could soon rise.

Former Snowy Hydro boss shocked over cost blowout

Former Snowy Hydro boss shocked over cost blowout

Former Snowy Hydro boss shocked over cost blowout

Former Snowy Hydro boss shocked over cost blowout

Reports that the cost of the troubled Snowy 2.0 project has blown out to $12 billion has come as shock to a former top executive.

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Corruption damages national economy: minister

Assistant Treasury Minister Andrew Leigh says corruption not only diminishes society but has a massive economic cost at a national and global level.

Senate push to force minister's hand on flight decision

The government will face a push to reveal documents pertaining to the decision to block Qatar Airways from flying extra routes after being lobbied by Qantas.

BlueScope fined record $57m for cartel conduct: ACCC

Steel manufacturing giant BlueScope has been fined a record $57 million for attempting to manipulate prices through what is known as cartel conduct.

Confidence edges higher but consumers remain wary

A pause on interest rate hikes has failed to substantially lift consumer spirits with a key index remaining below levels seen during COVID-19 lockdowns.

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Fresh approach to running the rule over public programs

The government says its new unit to evaluate public programs will do a better job of helping fine-tune policies than spending big on consultants.

Chevron's WA offshore gas fields face industrial action

Chevron Australia's offshore gas fields in the country's northwest face industrial action next week over pay and conditions, posing a risk to global supplies.

Google and Apple hit back at anti-competition claims

Two of the world's largest companies have defended accusations their app stores are driving out competition with smaller developers.

$3b WA energy grid boost to spark renewables transition

Prime Minister Anthony Albanese has announced WA's share of a multibillion-dollar plan to modernise energy grids as Australia transitions to renewables.

Matildas mania nets retail goals after scoreless sales

The Women's World Cup has boosted spending on catering and takeaway food following a flat end-of-year sales period for retailers.

Darling no more: AI boom passes Appen by as losses grow

Former tech darling Appen has suffered a massive drop in profitability but hopes it can finally catch the generative AI wave after years of missing out.

Labor scraps overblown business register project

An overhaul of the government business register will not go ahead following evidence it will run massively over budget.

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