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Latest news: Economy, Business and Finance

World Bank forecasts 2024 global growth to slow

World Bank forecasts 2024 global growth to slow

The global economy will slow for a third consecutive year in 2024, the World Bank predicts.

NT accelerates giga-scale green hydrogen production hub

NT accelerates giga-scale green hydrogen production hub

NT accelerates giga-scale green hydrogen production hub

NT accelerates giga-scale green hydrogen production hub

Priority status for a solar-powered hydrogen plant promises to bring hundreds of jobs to Darwin's energy precinct and shift an emerging export market up a gear.

Hundreds of jobs axed as Alcoa winds up old refinery

Hundreds of jobs axed as Alcoa winds up old refinery

Hundreds of jobs axed as Alcoa winds up old refinery

Hundreds of jobs axed as Alcoa winds up old refinery

US alumina giant Alcoa says it will shut down a 60-year-old refinery south of Perth, where hundreds of workers are expected to lose their jobs.

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Flight to NSW regions drives rural land tax hike

Flight to NSW regions drives rural land tax hike

Land values have decreased across NSW by almost $50 billion, but regional areas inland have bucked the statewide trend.

Black Friday sales get tills ringing as Aussies cash in

Black Friday sales get tills ringing as Aussies cash in

Early Christmas shopping and Black Friday sales helped boost retail spending during November as savvy Australian consumers cashed in on bargains.

No solace for city renters as prices continue to surge

No solace for city renters as prices continue to surge

Economists say there could be relief on the horizon for renters, despite prices growing in every capital city in the last months of 2023.

Financial complaints surge as cost of living bites

Financial complaints surge as cost of living bites

Australia’s financial dispute resolution scheme has received a record 100,000 complaints as scams, claim issues and rising prices loomed over Australians.

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Wetlands trump offshore wind port despite energy push

Wetlands trump offshore wind port despite energy push

Wetlands trump offshore wind port despite energy push

Wetlands trump offshore wind port despite energy push

A federal veto on a port hub for the huge towers, blades and turbines needed for the first offshore wind farm does not doom offshore wind, the treasurer says.

Storm clouds loom for economy as rain, floods take toll

Storm clouds loom for economy as rain, floods take toll

Storm clouds loom for economy as rain, floods take toll

Storm clouds loom for economy as rain, floods take toll

The fallout from severe storms in Queensland could lead to consequences for the economy and budget bottom line, Treasurer Jim Chalmers has warned.

Some Boeing planes grounded after midair window blowout

Some Boeing planes grounded after midair window blowout

Some Boeing planes grounded after midair window blowout

Some Boeing planes grounded after midair window blowout

The emergency landing of a Boeing 737 Max with a gaping hole in its side is renewing safety concerns about the planes.

Black Friday splurge shifting numbers in retail readout

Black Friday splurge shifting numbers in retail readout

Black Friday splurge shifting numbers in retail readout

Black Friday splurge shifting numbers in retail readout

Retail data is likely to reveal shopper enthusiasm for Black Friday discounts ahead of fresh stats on Australian consumer prices, housing and jobs.

Alcoa mine clearing to supply scarce WA hardwood timber

Alcoa mine clearing to supply scarce WA hardwood timber

Alcoa mine clearing to supply scarce WA hardwood timber

Alcoa mine clearing to supply scarce WA hardwood timber

Controversial land clearing at Alcoa's mine sites is likely to feed WA's ailing hardwood timber industry with logs following a ban on felling native forests.

UN tips slow and steady inflation progress in Australia

UN tips slow and steady inflation progress in Australia

UN tips slow and steady inflation progress in Australia

UN tips slow and steady inflation progress in Australia

The United Nations says the world economy is in for another tough year, with Australia and other developed economies in Asia facing strong headwinds.

Loans to help struggling builders complete homes

Loans to help struggling builders complete homes

Loans to help struggling builders complete homes

Loans to help struggling builders complete homes

The WA government will provide loans to help struggling builders complete unfinished homes that have been under construction for more than two years.

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Australians think $345,000 income needed to feel rich

The rising cost of housing, groceries and other goods may help explain the vast gap between normal earnings and how much it would take to feel wealthy.

Land tax changes to recoup $1b more from Victorians

An increase in land tax for more Victorians is expected to raise $1 billion more than previously projected, according to the independent budget office.

PM must answer for Qantas boss meeting: opposition

Opposition leader Peter Dutton says the prime minister must be transparent about his meeting with former Qantas chief Alan Joyce.

Cost of living no roadblock as car sales smash record

Australians bought a record number of new cars in 2023 as the COVID comeback continued but cost-of-living pressures have auto makers preparing for a slowdown.

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Board reshuffle signals end to hostilities at Endeavour

A protracted board feud at BWS owner Endeavour appears to be over after chairman Peter Hearl and activist shareholder Bruce Mathieson Jr stepped down.

House prices to fall by 3-5pct after flat end to 2023

The Australian housing market ended 2023 on a flat note, despite respectable gains across the year, and are likely to fall going into 2024, experts say.

Re-thinking code from the inside for more accessibility

Artificial intelligence may redefine the limits of human potential and unlock access to technology but it needs people of all abilities to help write the code.

Iranian warship Alborz enters Red Sea: report

The Iranian warship Alborz has entered the Red Sea at a time of raised tensions on the shipping route, Iranian media reports say.

New Year's Eve party over, now what's in store for 2024

New Year's festivities over, another year of uncertainty has dawned with hangovers from 2023 but some predictions for 2024 suggest better times ahead.

Snacks giant sorted with favourite Aussie ingredients

Fancy crackers, chocolates and lollies shared during the holidays are increasingly being made from local ingredients in high-tech manufacturing hubs onshore.

New year changes to bring vape ban, boosted payments

A raft of major policy changes are scheduled to start as the sun sets on 2023, including cost of living relief measures in some states.

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