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Latest news: Economy, Business and Finance

Jobs market holds ground despite rise in unemployment

Jobs market holds ground despite rise in unemployment

The official jobs data was more subdued in March as widely expected following a surprisingly strong February result.

Extreme weather sparks higher wholesale energy prices

Extreme weather sparks higher wholesale energy prices

Extreme weather sparks higher wholesale energy prices

Extreme weather sparks higher wholesale energy prices

Some of the most extreme weather Australia has ever seen is proving to be the "X-factor" for power bills as wholesale energy prices rise.

BHP's energy coal fires up, axe swings over nickel jobs

BHP's energy coal fires up, axe swings over nickel jobs

BHP's energy coal fires up, axe swings over nickel jobs

BHP's energy coal fires up, axe swings over nickel jobs

Thousands of workers face uncertainty as BHP considers the fate of nickel operations amid a global glut of the metal, but coal for power plants is firing up.

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Coles and Woolworths work to restock WA supermarkets

Coles and Woolworths work to restock WA supermarkets

The supermarket giants say they're working hard to replenish bare shelves in WA but some grocery items will remain in short supply for at least another week.

Budget clouded by global wars and weak economic growth

Budget clouded by global wars and weak economic growth

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

Aussie mining 'under assault' from China: US ambassador

Aussie mining 'under assault' from China: US ambassador

Ambassador Caroline Kennedy has taken aim at China's "unchecked exploitation" of Indonesia and other nations that risks destroying the supply of clean minerals.

Rising rents eating up low-income worker pay gains

Rising rents eating up low-income worker pay gains

Both mortgage and rental affordability worsened over the March quarter based on latest ANZ and CoreLogic analysis.

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Jail threat, apologies as supermarket chiefs face probe

Jail threat, apologies as supermarket chiefs face probe

Jail threat, apologies as supermarket chiefs face probe

Jail threat, apologies as supermarket chiefs face probe

The head of Woolworths was threatened with jail time while the Coles CEO apologised to suppliers during a parliamentary inquiry into supermarket prices.

Climate change differences for farmers by state

Climate change differences for farmers by state

Climate change differences for farmers by state

Climate change differences for farmers by state

A rural report into the impact of climate change in every state calls for research to determine how land management can help achieve emission reduction targets.

Support critical for Australia to reap battery wealth

Support critical for Australia to reap battery wealth

Support critical for Australia to reap battery wealth

Support critical for Australia to reap battery wealth

Western Australia has warned that taxpayer support for critical minerals will be crucial to overcoming investor reluctance and market distortion.

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside Energy's chair Richard Goyder has defended the gas giant's response to climate change in the face of fierce criticism of expansion plans.

Holy cow: coal, gas giants on notice over methane plume

Holy cow: coal, gas giants on notice over methane plume

Holy cow: coal, gas giants on notice over methane plume

Holy cow: coal, gas giants on notice over methane plume

A toxic gas is turbocharging heatwaves, bushfires and coral bleaching, and going largely unreported under "faulty" emission safeguards, satellite data suggests.

Call for home battery cash to support solar milestones

Call for home battery cash to support solar milestones

Call for home battery cash to support solar milestones

Call for home battery cash to support solar milestones

Solar power is breaking records, and reigniting calls for a home battery saver program of up to $6500 to allow households to get more value from their rooftops.

Few avenues for appeal as polluting projects go ahead

Few avenues for appeal as polluting projects go ahead

Few avenues for appeal as polluting projects go ahead

Few avenues for appeal as polluting projects go ahead

Communities should be given the right to appeal the merits of federal government approvals for environmentally damaging projects, legal experts say.

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Australia to dodge United States' inflation uptick

Australia is unlikely to experience the same inflation upturn troubling the United States, though not all economists agree Australia is better off.

Food delivery apps leaving out nutritional info

Menu items are not being labelled with nutritional information on food delivery apps according to a study, leading to calls for updated legislation.

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

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Manufacturing push is no 'free-for-all': treasurer

A plan to promote local manufacturing in a net-zero economy will incentivise private investment, not replace it with government funds, the treasurer says.

Deeper cuts to carbon emissions under draft 2035 target

Australians will compete for public funds, electricity supply and land access under plans for the nation to cut its emissions by up to 75 per cent by 2035.

Two cryptocurrency companies collapse owing $160m

Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses.

Origin Energy adds wind power, batteries for coal exit

Origin Energy has snared a construction-ready $4 billion wind and big battery project as it races to plug the gap left by phasing out coal-fired power.

Made in Australia: PM manufactures clean energy vision

A blueprint has been unveiled to keep Australia in a "global race" and could involve taxpayers funding major manufacturing and clean energy projects.

Middle Arm project to realise NT's dreams, says chief

The Northern Territory government has brushed aside concerns about a major manufacturing project, arguing it will help the territory stand on its own two feet.

National rents hit new record high of $630 a week

Rents have been growing strongly since the pandemic and found a new gear in the first quarter of 2024, piling more pressure on the stretched cohort.

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