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Latest news: Economy, Business and Finance

Support critical for Australia to reap battery wealth

Support critical for Australia to reap battery wealth

Western Australia has warned that taxpayer support for critical minerals will be crucial to overcoming investor reluctance and market distortion.

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside Energy's chair Richard Goyder has defended the gas giant's response to climate change in the face of fierce criticism of expansion plans.

Holy cow: coal, gas giants on notice over methane plume

Holy cow: coal, gas giants on notice over methane plume

Holy cow: coal, gas giants on notice over methane plume

Holy cow: coal, gas giants on notice over methane plume

A toxic gas is turbocharging heatwaves, bushfires and coral bleaching, and going largely unreported under "faulty" emission safeguards, satellite data suggests.

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Call for home battery cash to support solar milestones

Call for home battery cash to support solar milestones

Solar power is breaking records, and reigniting calls for a home battery saver program of up to $6500 to allow households to get more value from their rooftops.

Few avenues for appeal as polluting projects go ahead

Few avenues for appeal as polluting projects go ahead

Communities should be given the right to appeal the merits of federal government approvals for environmentally damaging projects, legal experts say.

Australia to dodge United States' inflation uptick

Australia to dodge United States' inflation uptick

Australia is unlikely to experience the same inflation upturn troubling the United States, though not all economists agree Australia is better off.

Food delivery apps leaving out nutritional info

Food delivery apps leaving out nutritional info

Menu items are not being labelled with nutritional information on food delivery apps according to a study, leading to calls for updated legislation.

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Budget surplus 'still our goal' despite war, inflation

Budget surplus 'still our goal' despite war, inflation

Budget surplus 'still our goal' despite war, inflation

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

Jobs market muscle put to test with fresh data due

Jobs market muscle put to test with fresh data due

Jobs market muscle put to test with fresh data due

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

Manufacturing push is no 'free-for-all': treasurer

Manufacturing push is no 'free-for-all': treasurer

Manufacturing push is no 'free-for-all': treasurer

Manufacturing push is no 'free-for-all': treasurer

A plan to promote local manufacturing in a net-zero economy will incentivise private investment, not replace it with government funds, the treasurer says.

Deeper cuts to carbon emissions under draft 2035 target

Deeper cuts to carbon emissions under draft 2035 target

Deeper cuts to carbon emissions under draft 2035 target

Deeper cuts to carbon emissions under draft 2035 target

Australians will compete for public funds, electricity supply and land access under plans for the nation to cut its emissions by up to 75 per cent by 2035.

Two cryptocurrency companies collapse owing $160m

Two cryptocurrency companies collapse owing $160m

Two cryptocurrency companies collapse owing $160m

Two cryptocurrency companies collapse owing $160m

Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses.

Origin Energy adds wind power, batteries for coal exit

Origin Energy adds wind power, batteries for coal exit

Origin Energy adds wind power, batteries for coal exit

Origin Energy adds wind power, batteries for coal exit

Origin Energy has snared a construction-ready $4 billion wind and big battery project as it races to plug the gap left by phasing out coal-fired power.

Made in Australia: PM manufactures clean energy vision

Made in Australia: PM manufactures clean energy vision

Made in Australia: PM manufactures clean energy vision

Made in Australia: PM manufactures clean energy vision

A blueprint has been unveiled to keep Australia in a "global race" and could involve taxpayers funding major manufacturing and clean energy projects.

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Middle Arm project to realise NT's dreams, says chief

The Northern Territory government has brushed aside concerns about a major manufacturing project, arguing it will help the territory stand on its own two feet.

National rents hit new record high of $630 a week

Rents have been growing strongly since the pandemic and found a new gear in the first quarter of 2024, piling more pressure on the stretched cohort.

Floods, rental crisis leaving tenants in the lurch

Tenants should be insured for alternative accommodation and warned if a property has been through a flood before signing a lease, a tenancy advocacy body says.

Building costs ease as demand for construction slows

A slowdown in new building approvals should keep material and labour costs growing at a more sedate pace.

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Jobs bonanza for regions under clean energy blueprint

Australia can "again be a country that makes things" under a blueprint for building solar panels and electric trucks, and assembling wind towers.

'Hit and miss' merger rules reworked in major shake-up

Sweeping changes to merger rules have been welcomed by the national competition regulator and received a wary but hopeful response from big business.

'Myrtle' plant to turn industrial emissions into solids

Australia's flagship carbon capture utilisation plant will trap emissions and turn them into solid materials for export to Japan, Europe and the United States.

Energy boss warns against chasing 'nuclear unicorns'

Australians will pay more for electricity from a low-carbon grid, but going nuclear would be a waste of time, an energy boss warns.

Traditional owners gather to fight fracking gas hub

Traditional owners will join a roundtable meeting on Wednesday as part of an inquiry into a controversial NT gas project they claim threatens cultural heritage.

Australia forecast to become a carbon credit factory

Firms have been warned to be honest about the role of carbon markets in curbing climate change and biodiversity loss, with carbon credit production set to soar.

Jobs bright spot for consumers as economy teeters

Consumer sentiment has been tracking at low levels for two years and is showing few signs of material improvement.

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