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Latest news: Economy, Business and Finance

Treasury secretary to stay on for five more years

Treasury secretary to stay on for five more years

The Treasury's top official Steven Kennedy will remain as secretary until 2029 after being appointed for a second term in the role.

Record $26b green energy boost for emissions target bid

Record $26b green energy boost for emissions target bid

Record $26b green energy boost for emissions target bid

Record $26b green energy boost for emissions target bid

Queensland Labor has earmarked huge funds for green power, storage and transmission projects to support the state's emissions targets.

Cost-of-living relief as SA keeps budget in surplus

Cost-of-living relief as SA keeps budget in surplus

Cost-of-living relief as SA keeps budget in surplus

Cost-of-living relief as SA keeps budget in surplus

South Australia's treasurer says the state is gearing up to benefit from "transformative economic developments" after delivering another budget surplus.

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Streamlining new offshore gas fields still on the table

Streamlining new offshore gas fields still on the table

Changes to environmental approvals for new offshore gas will return to federal parliament after a review, despite being pulled in a recent deal with the Greens.

Lending to property investors jumps amid rising rents

Lending to property investors jumps amid rising rents

A pick up in investor lending and housing-related loans more generally comes even as interest rates stay elevated and cuts remain in the distant future.

Women are reaching economic equality but femicide rises

Women are reaching economic equality but femicide rises

Rising economic equality traditionally reduces gender-based violence but an expert fears this correlation may no longer be true in Australia. She explains why.

Australia out in the cold on uranium for energy pact

Australia out in the cold on uranium for energy pact

Australia has been left out of a strategic international pact for a secure global uranium market to replace Russian supplies, despite deep reserves.

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Future gas plan 'deaf' to traditional owners' concerns

Future gas plan 'deaf' to traditional owners' concerns

Future gas plan 'deaf' to traditional owners' concerns

Future gas plan 'deaf' to traditional owners' concerns

Crossbench senators have attacked the future gas strategy as a "morally bankrupt" plan that also misrepresents the views of Australia's traditional owners.

Reserve Bank keeps options open on interest rates

Reserve Bank keeps options open on interest rates

Reserve Bank keeps options open on interest rates

Reserve Bank keeps options open on interest rates

Interest rates could go higher again if inflation proves stickier than expected or moves higher, the head of the Reserve Bank of Australia says.

'Barely growing': economy limping as rate pain builds

'Barely growing': economy limping as rate pain builds

'Barely growing': economy limping as rate pain builds

'Barely growing': economy limping as rate pain builds

The economy is still expanding - but only just - after households opened the purse strings for concerts and other one-off events in the March quarter.

Social media giants told to pay price, play by rules

Social media giants told to pay price, play by rules

Social media giants told to pay price, play by rules

Social media giants told to pay price, play by rules

For years, social media companies have been accused of acting above regulation but a top media boss says they must play by the same rules as everyone else.

Wanted: funds to pollinate climate, nature start-ups

Wanted: funds to pollinate climate, nature start-ups

Wanted: funds to pollinate climate, nature start-ups

Wanted: funds to pollinate climate, nature start-ups

Investors are being tapped for funding for early-stage companies tackling the climate crisis, the energy transition, new foods and cleaner industry.

Climate change puts the heat on Aussie ski resorts

Climate change puts the heat on Aussie ski resorts

Climate change puts the heat on Aussie ski resorts

Climate change puts the heat on Aussie ski resorts

Popular Australian ski resorts could find themselves on death row without urgent action on climate change, new modelling suggests.

Mortgage defaults rise as borrowers struggle to keep up

Mortgage defaults rise as borrowers struggle to keep up

Mortgage defaults rise as borrowers struggle to keep up

Mortgage defaults rise as borrowers struggle to keep up

The number of borrowers experiencing financial hardship is mounting and banks have been warned to do more to help households struggling to meet repayments.

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Energy storage sites earmarked to keep the lights on

More power storage rather than nuclear reactors or gas will be crucial for long-term energy security, the industry says, with six more sites up for development.

Wages bump unlikely to concern Reserve Bank: economists

A 3.75 per cent boost to minimum wages and awards will deliver a small real gain to millions of Australian workers without throwing fuel on the inflation fire.

Strong pickings as agriculture in for ripe harvest

The gross value of Australian agriculture, fisheries and forestry is set to come in at just under $90 billion, the third-highest figure on record.

Treasury boss backs the young to navigate housing mess

The ever-increasing cost of housing is one of the big challenges facing young people but their future is not bleak, the Treasury secretary says.

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Blaming lowest-paid workers for inflation 'disgusting'

Australia's lowest-paid workers, who will soon receive a 3.75 per cent pay bump, should not be blamed for continued inflation challenges, a minister says.

Bookseller Booktopia takes desperate steps to survive

Booktopia's chief executive has resigned, 50 roles are being eliminated and it is paying $660,000 to establish a $1 million debt facility at 18 per cent rates.

Billion-dollar deal the right prescription for chemists

After drawn-out negotiations, the government and pharmacies have locked in a five-year deal that will provide an extra $3 billion to the sector.

Communities divided over renewable energy development

A 12-month study of community opinions on the renewable energy rollout points to a divided nation as battle lines are drawn for another climate election.

National accounts likely to reveal a subdued economy

The Australian economy will probably post a weak economic growth result for the first three months of 2024 to reflect ongoing interest-rate pain.

Fuel fault prompts probe after cancelled flights chaos

A refuelling issue that forced airlines to cancel almost 70 flights at Perth Airport has been resolved as attention turns to clearing a backlog of planes.

Charm offensive on Aussie carbon dump for net-zero Asia

Costly carbon capture and storage could be the price Australia must pay for retaining emissions-intensive industrial jobs without pumping out more pollution.

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