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Latest news: Economy, Business and Finance

Stranded ship with 16,500 sheep, cattle to be unloaded

Stranded ship with 16,500 sheep, cattle to be unloaded

A stranded live export ship carrying about 16,500 animals will be partially offloaded in Western Australia before resuming its journey to export the livestock.

Powering regions with 'clean, green Aussie-made steel'

Powering regions with 'clean, green Aussie-made steel'

Powering regions with 'clean, green Aussie-made steel'

Powering regions with 'clean, green Aussie-made steel'

Some $200 million to future-proof regional steelworks and keep workers employed in a low-carbon economy has been handed to NSW and South Australian furnaces.

Bill shock to ease as cost of power falls, solar shines

Bill shock to ease as cost of power falls, solar shines

Bill shock to ease as cost of power falls, solar shines

Bill shock to ease as cost of power falls, solar shines

Consumers are set to benefit as the national electricity grid uses less coal and gas-fired electricity and the share of renewable energy hits a record.

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Tax changes spark calls for complete system redesign

Tax changes spark calls for complete system redesign

Half of the nation's high-income earners back Labor's proposed tax changes as analysis shows most of the benefits will still flow to the rich.

Rooftop solar pays its own way as more homes switch on

Rooftop solar pays its own way as more homes switch on

The Australian solar industry contracted for the first time in 10 years in 2023 as fewer large-scale arrays went online, but rooftop systems continued to shine.

Millions added for financial aid groups as demand grows

Millions added for financial aid groups as demand grows

Australians experiencing financial hardship could be given a lifeline as the government injects millions into economic relief organisations.

Camping giant fined for sending 83,000 unwanted texts

Camping giant fined for sending 83,000 unwanted texts

A four-wheel drive and camping retailer has been fined more than $300,000 after it spammed customers with thousands of texts even after some had unsubscribed.

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Authorities working to unload 16,500 animals from ship

Authorities working to unload 16,500 animals from ship

Authorities working to unload 16,500 animals from ship

Authorities working to unload 16,500 animals from ship

The federal and WA governments are trying to find a quarantine facility to take 16,500 head of sheep and cattle stuck aboard a ship in heatwave conditions.

Rugby's cash-strapped Rebels vow to fight for survival

Rugby's cash-strapped Rebels vow to fight for survival

Rugby's cash-strapped Rebels vow to fight for survival

Rugby's cash-strapped Rebels vow to fight for survival

In voluntary administration, the embattled Melbourne Rebels feel their off-field challenges will galvanise the players as they fight for Super Rugby survival.

Competition and rivalry found to force lower airfares

Competition and rivalry found to force lower airfares

Competition and rivalry found to force lower airfares

Competition and rivalry found to force lower airfares

A little competition goes a long way in bringing down airfares, based on fresh research from a federal task force.

Shoppers in retreat after Black Friday boost

Shoppers in retreat after Black Friday boost

Shoppers in retreat after Black Friday boost

Shoppers in retreat after Black Friday boost

Australian retail sales plummeted in the final weeks of 2023 with shoppers doing their Christmas shopping a month early when goods go on sale.

Godfreys enters administration, with 54 stores to close

Godfreys enters administration, with 54 stores to close

Godfreys enters administration, with 54 stores to close

Godfreys enters administration, with 54 stores to close

Voluntary administrators expect 171 Godfreys staff in Australia will be made redundant as the company's store count is reduced by more than a third.

Purpose of govt must evolve as voters seek 'wellbeing'

Purpose of govt must evolve as voters seek 'wellbeing'

Purpose of govt must evolve as voters seek 'wellbeing'

Purpose of govt must evolve as voters seek 'wellbeing'

Australians want governments to make individual and community 'wellbeing' the top priority for a decent, sustainable standard of living, polling shows.

Rent rises ease but 'critical need' for supply lingers

Rent rises ease but 'critical need' for supply lingers

Rent rises ease but 'critical need' for supply lingers

Rent rises ease but 'critical need' for supply lingers

Under pressure renters will continue to feel the weight of rent rises, though a report suggests the market could cool in coming months.

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HK court orders troubled China Evergrande to liquidate

A Hong Kong court has ordered the world’s most indebted property developer, China Evergrande Group, to liquidate after it failed to reach a debt deal.

Treasurer 'not considering' changes to negative gearing

The treasurer has poured cold water on suggestions Labor will go further with tax reform and target negative gearing after rejigging stage three tax cuts.

South Australia nabs top spot in state economic ranking

Australian states are all facing economic headwinds but some are more resilient than others, with South Australia performing better than the rest.

Origin Energy to plug in big battery alongside gas

Origin Energy says it will build a $400 million big battery in Victoria to maintain a reliable power supply and support Australia's transition to renewables.

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Albanese 'hopeful' for Senate support in tax cut change

The prime minister is standing by his changes to stage three tax cuts, remaining confident parliament will support the amended plans.

Inflation numbers key drawcard in data-packed week

The fight against inflation has not yet been won but the December quarter consumer price index is expected to show genuine progress.

PM stands by tax cut changes for 'every Australian'

The prime minister has brushed off criticism of proposed changes to promised tax cuts, saying he has a responsibility to help Australians in financial stress.

PM open to crossbench talks on tax cut changes

As the Greens urge further changes to stage three tax cuts, the prime minister says he is open to negotiations to ensure their passage through parliament.

PM justifies rejigged tax cuts as cost-of-living relief

The prime minister has backed his government's reworked income tax package as the best way forward for struggling workers.

Independent MPs 'conflicted' by tax cut changes

Changes to tax cuts would help lower income Australians, but some independent MPs are concerned about the impact on their affluent constituents.

Santos reveals extent of costs from Barossa court delay

Oil and gas giant Santos will have to spend hundreds of millions of dollars extra on its massive Barossa LNG project after it was hit by legal delays.

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