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Latest news: Economy, Business and Finance

Australian shares drop back to two-week low

Australian shares drop back to two-week low

The ASX200 has fallen almost 0.8 per cent, with every sector except technology losing ground as China issued a warning on iron ore pricing.

Australian super funds invest big in UK energy switch

Australian super funds invest big in UK energy switch

Australian super funds invest big in UK energy switch

Australian super funds invest big in UK energy switch

IFM Investors will pour billions into clean energy and large infrastructure projects in the United Kingdom via an agreement with the UK government.

Romance scams down as fake billing surges

Romance scams down as fake billing surges

Romance scams down as fake billing surges

Romance scams down as fake billing surges

The federal government's scam watch centre has reported an increase in losses from fake bill scams but a drop in investment and romance frauds.

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Consumer price data expected to show welcome progress

Consumer price data expected to show welcome progress

The path to bring inflation down has been bumpy but the latest monthly consumer price index will hopefully show signs of easing.

Banks declare war on scams with warnings for new payees

Banks declare war on scams with warnings for new payees

Australian banking customers will be better protected from scammers under a suite of changes introduced by the industry.

Croppers warn winter harvest is not looking great

Croppers warn winter harvest is not looking great

As the winter crop harvest winds up earlier than usual, the nation's biggest wheat producer WA is reporting lower than expected volumes with some yields halved.

Albanese defends inflation-busting plan amid blowback

Albanese defends inflation-busting plan amid blowback

The federal government has backed its inflation-fighting policies as the opposition says Labor's perception of price pressures is at odds with the Reserve Bank.

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SA puts deadline on silicosis-causing engineered stone

SA puts deadline on silicosis-causing engineered stone

SA puts deadline on silicosis-causing engineered stone

SA puts deadline on silicosis-causing engineered stone

Engineered stone could soon be ditched in South Australia if a national ban is not enforced, with state and territory leaders set for further talks.

Insurance Council warns higher prices 'baked in'

Insurance Council warns higher prices 'baked in'

Insurance Council warns higher prices 'baked in'

Insurance Council warns higher prices 'baked in'

The Insurance Council of Australia chief says households and businesses are feeling the squeeze, with more people forced to forego or reduce insurance coverage.

Feds 'supercharge' clean energy build to keep lights on

Feds 'supercharge' clean energy build to keep lights on

Feds 'supercharge' clean energy build to keep lights on

Feds 'supercharge' clean energy build to keep lights on

Clean energy sources will take over from ageing coal power stations under a supercharged federal scheme, but critics say household bills will rise without gas.

Major project status blows breeze through offshore wind

Major project status blows breeze through offshore wind

Major project status blows breeze through offshore wind

Major project status blows breeze through offshore wind

Another offshore wind project off Gippsland will get special assistance for a speedy build with major project status granted by the federal government.

Hydrogen cars next cab off the rank as demo servo opens

Hydrogen cars next cab off the rank as demo servo opens

Hydrogen cars next cab off the rank as demo servo opens

Hydrogen cars next cab off the rank as demo servo opens

The national science agency has achieved a key milestone in the development of a local hydrogen industry with the opening of a refuelling and research station.

RBA stares down 'increasingly homegrown' inflation

RBA stares down 'increasingly homegrown' inflation

RBA stares down 'increasingly homegrown' inflation

RBA stares down 'increasingly homegrown' inflation

The head of Australia's central bank says the drivers of inflation are shifting and that means it will be harder to combat price pressures in the economy.

RBA cash rate meetings to stretch over two days

RBA cash rate meetings to stretch over two days

RBA cash rate meetings to stretch over two days

RBA cash rate meetings to stretch over two days

More changes to the way the Reserve Bank sets interest rates and communicates with the public have been unveiled in a speech by the central bank chief.

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Full power ahead as NSW tries to enshrine net-zero goal

Last minute-negotiations are under way to pass key NSW climate legislation as half a dozen renewable energy projects worth $1.8 billion get the green light.

Call to curtail 'supernormal profits' in energy network

The regulator has rejected an accusation that electricity networks are generating "supernormal profits" off the use of poles and wires and stoking inflation.

Consumers hitting delete after bad experience with apps

The "app generation" is demanding brands show them more respect and offer tools that are not merely reliable and safe but also fun and intuitive.

Casinos to pay more tax in NSW after pokie reprieve

Major casinos in NSW will pay more tax following drawn-out negotiations with the state government aimed at saving thousands of jobs.

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Fortescue hit with first strike, unveils green spend

Fortescue Metals Group has received a "first strike" on executive pay as the iron ore miner unveiled plans to splash $1.1 billion on green hydrogen.

Battling on after supposedly ending the climate wars

Australia is positioning itself as a climate leader ahead of a Dubai summit which will judge the lack of progress since the Paris Agreement on global warming.

RBA homes in on domestic demand in inflation fight

The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.

Insurance premiums crippling state's small businesses

Thousands of small and medium-sized businesses unable to afford insurance are being forced to close or risk going without coverage.

Tripling of renewable energy within reach for Australia

Australia's renewable energy target is outdated and fails to reflect an "entirely achievable" global goal to triple renewables by 2030, modelling suggests.

Subdued 2024 for property as rate pain hits home

A mixed year is expected for Australian property markets, with SQM Research expecting strong growth in Brisbane and Perth but weaker performance elsewhere.

NSW council rates set to rise up to 5.5pct

NSW's pricing regulator has given councils the green light to raise rates by up to 5.5 per cent in 2024/25, even as the state endures a cost of living crisis.

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