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Latest news: Economy, Business and Finance

Wealth of data to shed light on Australian economy

Wealth of data to shed light on Australian economy

A speech by the incoming Reserve Bank boss and a wealth of data will provide rich insight into the state of the Australian economy.

Virgin slams govt for rejecting extra Qatar flights

Virgin slams govt for rejecting extra Qatar flights

Virgin slams govt for rejecting extra Qatar flights

Virgin slams govt for rejecting extra Qatar flights

Virgin Australia's chief executive has spoken out against the federal government after it rejected Qatar Airways' bid for more flights to Australia.

More casual workers to get sick pay under Vic scheme

More casual workers to get sick pay under Vic scheme

More casual workers to get sick pay under Vic scheme

More casual workers to get sick pay under Vic scheme

The Victorian government has added to the list of casual and contract jobs that can access its Sick Pay Guarantee scheme, taking the total to 400.

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Crunching the numbers on climate risk without greenwash

Crunching the numbers on climate risk without greenwash

Australian companies face mandatory climate reporting as consumers and investors demand information they can trust and action to prevent even higher costs.

Australia's nervous watch for any great fall of China

Australia's nervous watch for any great fall of China

Mounting economic headwinds in China, where growth is slowing, will have major ramifications for Australia, Treasurer Jim Chalmers has warned.

Qantas should not pay back pandemic money: Chalmers

Qantas should not pay back pandemic money: Chalmers

Despite Qantas posting a record profit, Treasurer Jim Chalmers says the airline should not have to pay back money it received during the height of the pandemic.

Lithium leader Pilbara posts electrifying $2.4b profit

Lithium leader Pilbara posts electrifying $2.4b profit

Pilbara Minerals reports a 326 per cent surge in net profit to $2.4 billion as the world rapidly electrifies and demands a secure supply of sustainable lithium.

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Businesses want light shone on power station's future

Businesses want light shone on power station's future

Businesses want light shone on power station's future

Businesses want light shone on power station's future

The peak body representing businesses in NSW wants the government to clarify its position on the future of a major coal-fired power station.

Landmark report puts climate at centre of economy

Landmark report puts climate at centre of economy

Landmark report puts climate at centre of economy

Landmark report puts climate at centre of economy

Climate change and the transition to a net-zero economy lies at the heart of the Intergenerational Report released by the Albanese government.

BRICS should boost cross-border payment: China

BRICS should boost cross-border payment: China

BRICS should boost cross-border payment: China

BRICS should boost cross-border payment: China

The leaders of the BRICS bloc have agreed to encourage more local currency usage in trade as they seek to shift away from dependence on the US dollar.

Million-dollar fines for tax leaks under new NSW bill

Million-dollar fines for tax leaks under new NSW bill

Million-dollar fines for tax leaks under new NSW bill

Million-dollar fines for tax leaks under new NSW bill

New laws will hit consultancy firms and other companies with penalties of up to $5.5 million if they leak confidential government tax information.

Microgrids to end diesel dependency in remote areas

Microgrids to end diesel dependency in remote areas

Microgrids to end diesel dependency in remote areas

Microgrids to end diesel dependency in remote areas

Remote diesel-powered communities and worksites have a tougher challenge switching to renewables, prompting a federal agency to pump millions into microgrids.

BRICS invites six nations to join developing world bloc

BRICS invites six nations to join developing world bloc

BRICS invites six nations to join developing world bloc

BRICS invites six nations to join developing world bloc

BRICS developing nations have invited six countries to join the bloc, promising to rebalance world bodies dominated by the US and other wealthy Western states.

Woodside offshore strike threat ends, Chevron pending

Woodside offshore strike threat ends, Chevron pending

Woodside offshore strike threat ends, Chevron pending

Woodside offshore strike threat ends, Chevron pending

Woodside Energy has agreed to a deal with workers on offshore gas platforms but the threat of stoppages still hangs over Chevron off the northwest coast.

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Ageing population, climate to change face of economy

Australians 40 years from now will live longer and have fewer children while the country's economy becomes greener, a landmark reports shows.

Calls for return of baby bonus quickly put to bed

Paying women to have babies to help increase Australia's falling birth rate will not be making a comeback, the federal treasurer says.

Ardent settles shareholder suit over Dreamworld tragedy

Dreamworld's parent company has settled a shareholder lawsuit that claimed losses following the deadly accident at the Gold Coast theme park in 2016.

Climate and technology key challenges for regions

Regional and rural Australians risk being left behind as the technological revolution takes place and climate change impacts sectors such as agriculture.

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Federal budget deficits expected well into the future

The Intergenerational Report shows the federal budget bottom line will soon slip into deficit and is set to remain there for decades to come.

Older Australia offers chance to 'turn grey into gold'

Australia's population is ageing, but this could present a golden opportunity to bolster the care sector, the government's Intergenerational Report reveals.

Defence spending to stabilise amid regional tension

As the Indo-Pacific faces a massive military build-up, Australia will raise its defence spending level but keep it stable beyond the next decade.

Australian workforce to change shape in coming decades

The Intergenerational Report shows a number of major shifts in the Australian workforce as the country's population ages and its economy changes.

Consumers should expect lower grocery prices: minister

Federal finance minister Katy Gallagher says she expects Australia's major supermarkets will lower their prices as inflation starts to moderate.

Vision for Australia to become renewable powerhouse

Australia needs a massive investment in zero emissions infrastructure this decade to become a renewable energy superpower or else get left behind.

Growth to soar in Australia's critical minerals sector

Massive growth in a key sector is set to benefit Australia, with global demand for critical minerals to soar as the world strives to meet climate targets.

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