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Latest news: Economy, Business and Finance

From talk to torque: sovereign steel for solar economy

From talk to torque: sovereign steel for solar economy

Manufacturer Orrcon Steel has joined forces with a global energy firm to supply torque tubes made from 100 per cent Australian steel for solar panel tracking.

No plans for TikTok ban in Australia despite US moves

No plans for TikTok ban in Australia despite US moves

No plans for TikTok ban in Australia despite US moves

No plans for TikTok ban in Australia despite US moves

As TikTok faces a potential ban in the US, the company says the move is "not based in fact", welcoming Anthony Albanese's more moderate comments.

Labor stumps up almost $1b for NT rare earths project

Labor stumps up almost $1b for NT rare earths project

Labor stumps up almost $1b for NT rare earths project

Labor stumps up almost $1b for NT rare earths project

The federal government has continued its big spend-up in the Northern Territory with a funding package of up to $840 million for a rare earths mining project.

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'No care factor' as banks abandon remote communities

'No care factor' as banks abandon remote communities

Business owners are having to fly with bags of cash to city banks after a remote branch closed its doors, amid reports of robberies, scams and elder abuse.

Former Greek minister's wishlist for Australia

Former Greek minister's wishlist for Australia

The economist's call for a nationwide tax overhaul comes as part of a demand to counteract the concentration of power among large technological corporations.

Calls to end 'problematic' supermarket specials

Calls to end 'problematic' supermarket specials

Consumer group Choice has urged supermarkets to end the practice of offering further discounts only to customers who have signed up to membership schemes.

Farmer confidence takes root after two-year downturn

Farmer confidence takes root after two-year downturn

Rising commodity prices and strong seasonal conditions have farmers in most states looking on the bright side again.

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Clean energy investment slowdown threatens 2030 target

Clean energy investment slowdown threatens 2030 target

Clean energy investment slowdown threatens 2030 target

Clean energy investment slowdown threatens 2030 target

A record year for big batteries and love of rooftop solar is not enough to shake off coal generation and go largely renewable by 2030, the industry warns.

Melbourne rail loop cost blows out to $216b: analysis

Melbourne rail loop cost blows out to $216b: analysis

Melbourne rail loop cost blows out to $216b: analysis

Melbourne rail loop cost blows out to $216b: analysis

Victoria's independent budget office has priced the Suburban Rail Loop project at $216 billion to build and operate, $16 billion higher than a 2022 estimate.

Woodside, Santos expansion less than super for funds

Woodside, Santos expansion less than super for funds

Woodside, Santos expansion less than super for funds

Woodside, Santos expansion less than super for funds

Some superannuation funds are reducing exposure to Woodside and Santos as members demand more climate action instead of their money bankrolling new gas fields.

Aussie green bank stumps up millions for future lithium

Aussie green bank stumps up millions for future lithium

Aussie green bank stumps up millions for future lithium

Aussie green bank stumps up millions for future lithium

An emerging battery minerals producer will get $550 million to ride out a market slump and finish developing one of the world's best lithium deposits.

Hundreds of jobs axed with PwC to 'simplify' business

Hundreds of jobs axed with PwC to 'simplify' business

Hundreds of jobs axed with PwC to 'simplify' business

Hundreds of jobs axed with PwC to 'simplify' business

Big Four consultant PwC has made hundreds of jobs redundant and accelerated the retirements of more than 30 partners in an effort to streamline its structures.

Swifties boost spending but overall consumer pulse weak

Swifties boost spending but overall consumer pulse weak

Swifties boost spending but overall consumer pulse weak

Swifties boost spending but overall consumer pulse weak

Households are cutting back on clothing, footwear and meals to afford things they cannot do without like insurance, education - and Taylor Swift concerts.

Comm Bank customers shut out of online banking

Comm Bank customers shut out of online banking

Comm Bank customers shut out of online banking

Comm Bank customers shut out of online banking

Commonwealth Bank customers are unable to access their accounts online, with the bank posting a message that it's urgently investigating the outage.

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NSW loses $1.65 billion in GST revenue carve-up

NSW will be $1.65 billion worse off after its share of GST revenue was slashed from 92.4 per cent to 86.7 per cent - the largest single-year drop in 24 years.

NSW, Queensland biggest losers in 'absurd' GST carve-up

Victoria and Western Australia are multi-billion-dollar winners in the latest carve-up of the Goods and Services Tax , which NSW has slammed as "absurd".

Dutton floats incentives to gain nuclear social licence

Opposition Leader Peter Dutton will consider incentives to encourage community support for the nuclear plants he wants built as 'companions' to renewables.

Farmers fear for future as supermarkets crunch costs

Large numbers of family farms will be forced to close because of low prices being paid for their produce by major supermarkets, an inquiry has been told.

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Climate assessment details grim risks for Australia

Australia's first climate risk assessment is grim reading and outlines the threats people could face if the nation fails to prepare well for what's ahead.

Coles faces competitive pressure from online retailers

The head of one of Australia's two big supermarkets says the sector is becoming increasingly competitive and online retailers are part of the story.

WA ranked first, Vic last on economic performance: IPA

A new report has ranked states on their performance across 10 economic indicators, crowning WA as the nation's best performer while Victoria came last.

Investment expert warns prices 'rollercoaster' possible

Unwinding pandemic effects will cause inflation to fall quickly, a key investment strategist expects, before supply shocks keep it higher over the long term.

Toll giant Transurban critical to upend 'unfair' system

Sydney's vast network of toll roads needs a complete restructuring to make pricing fairer and more consistent, a review has found.

Chinese ambassador says wine tariff review on track

The Chinese ambassador and the Australian trade minister are both hopeful a Chinese review into tariffs on Australian wine is moving in the right direction.

Businesses to save as government scraps tariffs

Hundreds of nuisance tariffs on everyday items like tools, clothing, dishwashers and more will be scrapped in a move that will save businesses millions.

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