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Latest news: Economy, Business and Finance

Australia back at the climate finance negotiating table

Australia back at the climate finance negotiating table

Australia has pledged support for vulnerable Pacific neighbours on the frontline of climate change as the Albanese government rejoins a global climate fund.

Rental fix hinges on more homes, namely social housing

Rental fix hinges on more homes, namely social housing

Rental fix hinges on more homes, namely social housing

Rental fix hinges on more homes, namely social housing

A parliamentary inquiry has called for continued funding for social housing in a comprehensive report on Australia's rental crisis.

Super funds, banks soon to give more financial advice

Super funds, banks soon to give more financial advice

Super funds, banks soon to give more financial advice

Super funds, banks soon to give more financial advice

Super members and banking and insurance customers will soon be able to access affordable financial advice under changes announced by the Labor government.

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New commissioner picked to run tax office

New commissioner picked to run tax office

The federal government has filled two pivotal economic roles at the tax office and Reserve Bank of Australia.

Seven West boss James Warburton stepping down

Seven West boss James Warburton stepping down

Broadcaster Seven Network will have a new boss when James Warburton steps down at the end of the financial year after an eventful period for the company.

Coles and Woolies to front supermarket prices inquiry

Coles and Woolies to front supermarket prices inquiry

Coles and Woolworths will appear at a Greens-led parliamentary inquiry to investigate if major supermarkets are price gouging to get record profits.

Economy weakens as rising costs take toll on households

Economy weakens as rising costs take toll on households

The Australian economy almost came to standstill last quarter, with clear signs of financial pain in the household sector.

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Endeavour flags major pub investment to drive growth

Endeavour flags major pub investment to drive growth

Endeavour flags major pub investment to drive growth

Endeavour flags major pub investment to drive growth

Hospitality group Endeavour plans to grow hotel earnings before interest and tax by more than $150 million over the next five years.

Australians feeling mental toll of financial stressors

Australians feeling mental toll of financial stressors

Australians feeling mental toll of financial stressors

Australians feeling mental toll of financial stressors

Many Australians are reporting financial pressure as the number one stressor heading into Christmas with the crisis having a direct toll on their mental health.

RBA gift wraps end-of-year rate relief for borrowers

RBA gift wraps end-of-year rate relief for borrowers

RBA gift wraps end-of-year rate relief for borrowers

RBA gift wraps end-of-year rate relief for borrowers

Borrowers have been spared more cash rate pain at the final Reserve Bank of Australia policy meeting of the year.

Virgin Voyages launches in Australia with a splash

Virgin Voyages launches in Australia with a splash

Virgin Voyages launches in Australia with a splash

Virgin Voyages launches in Australia with a splash

Dancers, champagne and Sir Richard Branson have all featured at the launch of a new Virgin Voyages cruise ship that will call Australia home.

Shareholders slug Bank of Queensland with first strike

Shareholders slug Bank of Queensland with first strike

Shareholders slug Bank of Queensland with first strike

Shareholders slug Bank of Queensland with first strike

Bank of Queensland is the latest Australian company to suffer a first strike to its remuneration report after a year of falling profits and regulatory strife.

Late payment repeat offenders to be named and shamed

Late payment repeat offenders to be named and shamed

Late payment repeat offenders to be named and shamed

Late payment repeat offenders to be named and shamed

Naming and shaming big businesses that are slow to cough up what they owe to small firms is set to be introduced to stamp out payment delays.

Government taps private investors for net zero, defence

Government taps private investors for net zero, defence

Government taps private investors for net zero, defence

Government taps private investors for net zero, defence

Jim Chalmers will consider a number of ideas raised at a roundtable with some of Australia's largest investors to boost energy, defence and social support.

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Drier conditions to drive down agricultural production

Agricultural production is expected to fall to $78 billion in 2023/24, driven by growing global supply and drier conditions.

Westpac customers access online accounts after outage

Westpac customers have again been able to access their accounts after the bank said a "routine technology update" resulted in an online outage.

Customers unable to reach accounts in Westpac outage

Some Westpac customers have been unable to reach their accounts after an apparent online outage, as the bank says it is working to rectify the issue.

Climate finance takes centre stage at COP28 summit

COP28's Emirati hosts have set a fast pace on cheque signing amid the United Nations climate summit's biggest-ever attendance from business and finance firms.

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Shareholders pull the plug on Origin takeover bid

Origin Energy shareholders have sunk Brookfield's $20 billion takeover bid and the promise of tens of billions of dollars extra in renewables investment.

Superannuation access for retirees goes under spotlight

Treasurer Jim Chalmers has released for public consultation a discussion paper on how to make superannuation more accessible and workable for retirees.

Supermarket profits in spotlight as living costs bite

As Australians battle the increasing cost of living, a parliamentary inquiry will investigate if major supermarkets are price gouging to get record profits.

RBA likely to spare borrowers Christmas rates pain

The Reserve Bank interest rate decision and growth statistics for the September quarter to dominate the economic agenda this week.

Home prices break through ceiling but growth eases

The housing market downturn of last year has been completely unwound, but the pace of growth is slowing.

'We're under pressure too', Chalmers tells treasurers

State and federal treasurers are yet to reach an agreement on the GST no worse off guarantee but talks are set to continue at national cabinet next week.

Forestry welcomes contracts but derides compo deal

The Victorian government has offered forestry harvest contractors five-year deals but the industry is unimpressed with its "compensation" packages.

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