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Latest news: Economy, Business and Finance

Forestry welcomes contracts but derides compo deal

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.

Banking 'bullies' leave vulnerable people open to scams

Banking 'bullies' leave vulnerable people open to scams

Banking 'bullies' leave vulnerable people open to scams

Banking 'bullies' leave vulnerable people open to scams

Post offices are increasingly filling the void when rural banks shut down, but they're not always paid for their services, a Senate inquiry has been told.

End to wage cap, new dispute resolution for NSW workers

End to wage cap, new dispute resolution for NSW workers

End to wage cap, new dispute resolution for NSW workers

End to wage cap, new dispute resolution for NSW workers

Nurses, paramedics, police and other essential workers are set to benefit from landmark reforms scrapping wage caps and delivering interest-based bargaining.

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Power company fined $407k after life support threatened

Power company fined $407k after life support threatened

A registered life support equipment user was among 43 people not notified about planned power outages in Melbourne's north.

More volunteers sought from generous nation of donators

More volunteers sought from generous nation of donators

Ways to get Australians donating more to charities and volunteering their time have been detailed in a Productivity Commission report.

7-Eleven Australia sold to Japan company for $1.7b

7-Eleven Australia sold to Japan company for $1.7b

The Withers and Barlow families have sold one of Australia's most recognisable brands to a Japanese joint venture, which is promising to grow it further.

Back in the red, no second surplus in budget update

Back in the red, no second surplus in budget update

The mid-year budget update will reveal a substantial improvement to the bottom line, but not a surplus, the federal treasurer says.

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Better month for home approvals but new building soft

Better month for home approvals but new building soft

Better month for home approvals but new building soft

Better month for home approvals but new building soft

The outlook for new home building is looking lacklustre as delays, high costs and interest rate hikes make it difficult to get new projects off the ground.

Telcos, social media, banks targeted in war on scams

Telcos, social media, banks targeted in war on scams

Telcos, social media, banks targeted in war on scams

Telcos, social media, banks targeted in war on scams

The federal government will examine sectors on the scam frontline as it hopes to stop Australians falling victim to financial crimes.

Call to join forces as China sets pace on clean energy

Call to join forces as China sets pace on clean energy

Call to join forces as China sets pace on clean energy

Call to join forces as China sets pace on clean energy

China's massive shift in investment to meet and perhaps beat clean energy and emissions reduction targets could spur Australia towards cooperation not conflict.

Climate information integrity threat ahead of summit

Climate information integrity threat ahead of summit

Climate information integrity threat ahead of summit

Climate information integrity threat ahead of summit

The climate crisis is being made worse by an information crisis, with some Australian outlets accused of peddling fake news and adding to confusion and delay.

Jaber rejects report UAE sought COP28 hydrocarbon deals

Jaber rejects report UAE sought COP28 hydrocarbon deals

Jaber rejects report UAE sought COP28 hydrocarbon deals

Jaber rejects report UAE sought COP28 hydrocarbon deals

The president-designate for the upcoming COP28 climate talks has denied a report alleging the UAE planned to use the summit to strike oil and gas deals.

Talks on Queensland infrastructure funds keep trucking

Talks on Queensland infrastructure funds keep trucking

Talks on Queensland infrastructure funds keep trucking

Talks on Queensland infrastructure funds keep trucking

Queensland has made the case for more federal funding for roads and rail after the Commonwealth slashed infrastructure funding for projects around the country.

Reserve Bank board shake up outlined in new laws

Reserve Bank board shake up outlined in new laws

Reserve Bank board shake up outlined in new laws

Reserve Bank board shake up outlined in new laws

The federal treasurer has introduced legislation that will underpin the biggest set of reforms at the Reserve Bank in decades.

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Easing inflation takes heat off interest rate rises

Cooling inflation figures have improved the chances of the Reserve Bank keeping interest rates on hold.

BHP nickel mine to trial 'air-to-rock' carbon trap

In a world-first pilot project, technology will be used to turn greenhouse gas emissions into rock at an Australian nickel mine.

'Massive failure' for environment laws without trigger

Environmental groups are deeply worried about proposed laws they say will take national protections backwards and do little to stop new gas and coal mines.

Retail sales dip as shoppers hold off for Black Friday

Consumers hit the pause button on spending in the lead up to the Black Friday sales period, official retail trade data suggests.

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States push back on cuts to infrastructure spending

Queensland is spending more on infrastructure than the federal government is "in the whole of Australia", the state's premier says.

Aussie crowdfunder seeks up to $3m from loyal investors

A popular crowdfunding platform is raising capital to fund its own operations after another year of supporting innovative and often quirky Australian startups.

Customer-owned bank unveils new name: People First Bank

The bank formed by the March merger between Heritage Bank and People's Choice Credit Union will rebrand under a single name.

PwC censured, fined almost $100,000 after tax leak

PwC has been fined nearly $100,000 after a disciplinary tribunal found it brought discredit on the accounting profession.

Cultural stigma holds workplaces back as pay gap falls

An increase in the number of women in leadership roles has helped reduce the gender pay gap but cultural change is needed to eliminate it entirely, data shows.

UK central banker nabbed to take over as RBA deputy

Bank of England's Andrew Hauser will be the next deputy governor of Australia's central bank, bringing a "fresh, global perspective" to the key institution.

Financial hardship creeping into higher income brackets

More Australians are struggling to meet financial obligations such as paying for food and basic goods, mortgage repayments, or funding an emergency.

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