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Latest news: Economy, Business and Finance

Aust, NZ fund Solomons airfield in development race

Aust, NZ fund Solomons airfield in development race

Solomon Islands Prime Minister Jeremiah Manele has welcomed a $55 million investment in Seghe Airfield that could unlock the region's tourism potential.

'No smoking gun' to hike rates though prices risks lurk

'No smoking gun' to hike rates though prices risks lurk

'No smoking gun' to hike rates though prices risks lurk

'No smoking gun' to hike rates though prices risks lurk

The path to beat inflation without tanking the economy is getting narrower, the Reserve Bank of Australia confirmed in minutes from its last meeting.

ANZ named and shamed for charging dead clients

ANZ named and shamed for charging dead clients

ANZ named and shamed for charging dead clients

ANZ named and shamed for charging dead clients

The ANZ bank has been publicly named and shamed for charging fees to dead clients and ignoring requests for information from their representatives.

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Sites for hundreds of homes teased out after land audit

Sites for hundreds of homes teased out after land audit

The NSW government has identified 44 sites for new housing, revealing the first four, with billions to fund the supply of more dwellings amid a crisis.

More cracks in labour market as fewer job ads posted

More cracks in labour market as fewer job ads posted

The number of job ads posted each month is tapering off in a sign of a labour market weakening from a strong starting point.

Albanese links new energy plan to cost-of-living crisis

Albanese links new energy plan to cost-of-living crisis

Cost-of-living support in the form of tax cuts and higher pay for minimum-wage workers are among changes to come into effect in the new financial year.

All eyes on retail sales as rates pressure builds

All eyes on retail sales as rates pressure builds

Consumers have been reluctant to open their wallets under tough financial conditions and that trend is expected to continue.

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Is corporate Australia leaving Asian-Aussies behind?

Is corporate Australia leaving Asian-Aussies behind?

Is corporate Australia leaving Asian-Aussies behind?

Is corporate Australia leaving Asian-Aussies behind?

Just three per cent of senior management positions in Australian businesses are held by Asian-Australians, prompting calls for a greater focus on diversity.

Quebec's electric avenue lures Australian mining talent

Quebec's electric avenue lures Australian mining talent

Quebec's electric avenue lures Australian mining talent

Quebec's electric avenue lures Australian mining talent

Aussies can bring expertise to Canada's critical minerals industry as it forges an electric avenue to battery manufacturers and car makers, the government says.

Audacious Aussies chase lithium in the Canadian outback

Audacious Aussies chase lithium in the Canadian outback

Audacious Aussies chase lithium in the Canadian outback

Audacious Aussies chase lithium in the Canadian outback

As allies seek to end China's market power, intrepid Aussie lithium explorers could fast-track Canada's efforts to build a North American battery minerals hub.

Tax cuts to help households 'catch up' to rate rises

Tax cuts to help households 'catch up' to rate rises

Tax cuts to help households 'catch up' to rate rises

Tax cuts to help households 'catch up' to rate rises

After a long wait and much political tussling, the stage three tax cuts are finally about to come into effect - and not a moment too soon.

Connecting business and culture in remote Queensland

Connecting business and culture in remote Queensland

Connecting business and culture in remote Queensland

Connecting business and culture in remote Queensland

A consulting business in a remote Cape York community may seem unusual to some but for Sheridan Teitzel, it's at the heart of what she does.

Second budget surplus in reach as inflation runs hot

Second budget surplus in reach as inflation runs hot

Second budget surplus in reach as inflation runs hot

Second budget surplus in reach as inflation runs hot

Another forecast budget surplus would help in the fight against rising prices, says the government amid pressure over the latest hot inflation readout.

Open door for lenders on climate risks at 11m homes

Open door for lenders on climate risks at 11m homes

Open door for lenders on climate risks at 11m homes

Open door for lenders on climate risks at 11m homes

A data-rich tool will gauge the energy efficiency and climate profile of the nation's 11 million homes, with some already risky for mortgage lenders.

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Concerns 'first electric vehicle could be your last'

Insurers are opting to write off electric cars, rather than repair them, as fewer spare parts and a shortage of mechanics add to barriers to EV take-up.

'Not open to negotiation': New homes face delays

Australia's housing minister has not said whether she believes having a home should be a human right, as a political gridlock delays building new homes.

Any power cost reductions must flow to households: ACCC

Aussies are using less power and producing more rooftop solar to cope with energy costs, the consumer watchdog finds, urging retailers to share cost reductions.

'Whole series of data' before next rates call: RBA

The Reserve Bank's outlook on inflation is little changed and more data is needed to build a fuller picture of the economy, the deputy governor says.

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Digital systems dethrone cash as dominant payment type

Online payments have surged in the past year to overtake the rate of cash withdrawals at ATMs, research shows.

Industrial-scale change gives energy to small producers

Less obvious sources of greenhouse gases - including wine and pet food producers - have been awarded grants to lead the way in reducing industrial emissions.

Nuclear push would drag out energy transition, PM warns

Anthony Albanese will use a major economic speech to hit out at opposition nuclear plans, saying they risk stalling progress on meeting net-zero targets.

Tourism bouncing back with record visitor spending

International visitors are spending the most since 2019 as the tourism industry inches closer to recovering from the impacts of the COVID-19 pandemic.

Aussies cooking with gas not nuclear under network plan

Renewable energy and more gas is the cheapest way to power a net-zero economy, with electricity demand tipped to double by 2050 as homes and cars go electric.

Vow to fix issues as report faults power firm for blast

Queensland's government vows to fix issues that contributed to a power plant explosion after a draft report identified failings by its state-owned operator.

BHP rejects hydrogen and hybrids, backs electric trucks

Investors have been warned that BHP's carbon footprint will get worse before it gets better as production ramps up to meet global demand.

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