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Latest news: Economy, Business and Finance

BRICS leaders consider group's role, expansion criteria

BRICS leaders consider group's role, expansion criteria

BRICS leaders are weighing expansion criteria with the bloc's future in the balance as Vladimir Putin uses their summit to justify Russia's war in Ukraine

Shoppers 'could fare worse' without supermarket duopoly

Shoppers 'could fare worse' without supermarket duopoly

Shoppers 'could fare worse' without supermarket duopoly

Shoppers 'could fare worse' without supermarket duopoly

Breaking up duopolies like Coles and Woolworths would actually disadvantage shoppers, Australia's outgoing Productivity Commission head Michael Brennan says.

WA lab to accelerate battery minerals manufacturing hub

WA lab to accelerate battery minerals manufacturing hub

WA lab to accelerate battery minerals manufacturing hub

WA lab to accelerate battery minerals manufacturing hub

A battery materials demonstration plant opened in Western Australian industrial heartland is another milestone to being a global hub, the premier says.

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Woolworths says cautious customers are cutting back

Woolworths says cautious customers are cutting back

Woolworths is tipping price rises in some categories after the supermarket giant posted a $1.62 billion full-year profit, up slightly on the previous year.

Woolworths to cut bonuses for managers after deaths

Woolworths to cut bonuses for managers after deaths

Safety lapses that led to the deaths of two workers at Woolworths stores have triggered a review of every piece of equipment used by the supermarket chain.

Domino's profit sliced 74 per cent as inflation bites

Domino's profit sliced 74 per cent as inflation bites

Pizza chain Domino's says it misstepped with its pricing strategy as it tried to walk the tightrope between higher costs and lower sales.

China's fortunes key to Australia's economic success

China's fortunes key to Australia's economic success

As Treasurer Jim Chalmers prepares to release a report on Australia's long-term challenges, he has flagged China's economic success as a key factor.

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Economic agenda big enough without more tax reform

Economic agenda big enough without more tax reform

Economic agenda big enough without more tax reform

Economic agenda big enough without more tax reform

The federal government says its reform agenda is big enough as it is, without adding further tax reform.

Iluka Resources to pause production after profit slump

Iluka Resources to pause production after profit slump

Iluka Resources to pause production after profit slump

Iluka Resources to pause production after profit slump

Iluka Resources has reported a slump in first-half profit and will shutter a major kiln as global economic uncertainty depresses demand for some commodities.

Australia to seek trade breakthroughs at G20 summit

Australia to seek trade breakthroughs at G20 summit

Australia to seek trade breakthroughs at G20 summit

Australia to seek trade breakthroughs at G20 summit

Trade issues will be in the spotlight as ministers from the largest economies prepare to meet in India ahead of the G20 leaders' summit.

Industry data casts doubt on 2030 clean energy target

Industry data casts doubt on 2030 clean energy target

Industry data casts doubt on 2030 clean energy target

Industry data casts doubt on 2030 clean energy target

A clean energy investment snapshot shows Australia may be charging into the battery era, but poor planning and transmission gaps risk failure on 2030 targets.

From Raider to sparky, NRL star leads tradie treechange

From Raider to sparky, NRL star leads tradie treechange

From Raider to sparky, NRL star leads tradie treechange

From Raider to sparky, NRL star leads tradie treechange

Former Raiders and St George Illawarra player Josh McCrone has found a new life as a sparky in rural NSW, as Australian tradies consider leaving the capitals.

Coles profits rise as consumers skimp on eating out

Coles profits rise as consumers skimp on eating out

Coles profits rise as consumers skimp on eating out

Coles profits rise as consumers skimp on eating out

Consumers are increasingly turning to supermarkets to ride out the cost-of-living squeeze, with Coles experiencing strong growth in sales revenue.

BHP warns on tax, productivity after plunge in profits

BHP warns on tax, productivity after plunge in profits

BHP warns on tax, productivity after plunge in profits

BHP warns on tax, productivity after plunge in profits

Profits and dividends are down at BHP on lower commodity prices, but the mining giant says it is managing inflationary pressures better than its rivals.

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Woodside fatality, safety lapses mar strong first half

Woodside has reported a six per cent jump in profit to $A2.7 billion, but the death of contractor Michael Jurman has overshadowed its strong performance.

Lithium mega-trend drives Allkem to record $525m profit

Lithium producer Allkem credits hard-rock production in Australia and brine ponds in Argentina for an "outstanding" FY23 result as the world races for supplies.

AGL Energy owns goals with Adelaide Oval-sized battery

More than a big banana, a big battery the size of an AFL oval has switched on in South Australia to help cut power bills and greenhouse gas emissions.

Blueprint revealed to turbocharge productivity, wealth

A package of reforms that could leave every Australian $7000 better off each year after a decade has been unveiled by a leading business group.

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Chalmers plays down fuss over union push for RBA board

A seat on the Reserve Bank board for a representative of a major industrial union hasn't been ruled out by Treasurer Jim Chalmers.

Activist shareholders target Woodside over new projects

Woodside Energy is being urged to reallocate capital from new production to a share buyback to avert the release of half a billion tonnes of carbon emissions.

Aussie-led global consortium joins offshore wind frenzy

A powerful consortium has joined the bidding to add offshore wind to Australia's clean energy arsenal in Gippsland waters off the coast of Victoria.

Future of Australian economy under spotlight

The latest Intergenerational Report to be released this week will shed light on some of the long-term challenges and opportunities for the Australian economy.

Japan's industrial giants lead charge for Aussie nickel

A nickel explorer has industrial giants from Japan queuing for future supplies from under the red dirt out west as the battery minerals race accelerates.

Queensland splashes millions to lure business to bush

The Palazczuk government is spending $80 million on a package to boost business and investment in regional Queensland.

CBA to back contactless transport payments in Victoria

The Commonwealth Bank has been appointed by Victoria's Department of Transport to handle contactless payments for the state's public transport ticketing system.

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