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Latest news: Economy, Business and Finance

Tech hub coins 'second brain' as world depends on code

Tech hub coins 'second brain' as world depends on code

Programmers need a "second brain" to write code faster to keep up with consumer demands in an economy that's dependent on software for most everyday activities.

Hundreds of big firms paid no tax in 2021-22

Hundreds of big firms paid no tax in 2021-22

Hundreds of big firms paid no tax in 2021-22

Hundreds of big firms paid no tax in 2021-22

Corporate tax payments broke a record in 2021-22 but the federal government is worried some large multinationals are still not paying their fair share.

More pain for borrowers as big banks pass on rate hike

More pain for borrowers as big banks pass on rate hike

More pain for borrowers as big banks pass on rate hike

More pain for borrowers as big banks pass on rate hike

Three of Australia's biggest banks have hiked interest rates in response to the Reserve Bank's latest cash rate increase.

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Maritime revitalisation needed for shipping and defence

Maritime revitalisation needed for shipping and defence

Australia's shipping and maritime industries require a complete revitalisation to meet the nation's needs as the government prepares to implement a new fleet.

Award-winning cheese manufacturer could be sold

Award-winning cheese manufacturer could be sold

Dairy giant Saputo has indicated it may sell its award-winning cheese-making operations on remote King Island amid a strategic review.

Cup day rate hike extends finishing line for borrowers

Cup day rate hike extends finishing line for borrowers

Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.

Photo finish looms for Melbourne Cup interest rate call

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

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One in four tired, burnt out nurses planning to quit

One in four tired, burnt out nurses planning to quit

One in four tired, burnt out nurses planning to quit

One in four tired, burnt out nurses planning to quit

A nursing shortage gripping the country will only worsen, with one in four in primary health care planning to leave within five years.

'Active' cyber insurers to combat scourge of ransomware

'Active' cyber insurers to combat scourge of ransomware

'Active' cyber insurers to combat scourge of ransomware

'Active' cyber insurers to combat scourge of ransomware

A cyber insurer is bringing its products to Australia in a strategic partnership with Allianz as companies demand better protection from "countless" attacks.

Small businesses to get larger slice of economic pie

Small businesses to get larger slice of economic pie

Small businesses to get larger slice of economic pie

Small businesses to get larger slice of economic pie

Chris Minns is keen to see small businesses get a larger slice of the NSW government economic pie and is making it easier for them to win government contracts.

Will they, won't they? All eyes on RBA Cup Day meeting

Will they, won't they? All eyes on RBA Cup Day meeting

Will they, won't they? All eyes on RBA Cup Day meeting

Will they, won't they? All eyes on RBA Cup Day meeting

Stubbornly high inflation has raised the chances of a November interest rate increase by the central bank, putting more financial pressure on borrowers.

Lithium developer 'roughly on track' despite bushfires

Lithium developer 'roughly on track' despite bushfires

Lithium developer 'roughly on track' despite bushfires

Lithium developer 'roughly on track' despite bushfires

An Aussie lithium developer in Canada's mineral-rich James Bay is determined to supply North American car makers, despite forest fires and a market slump.

FTX's Sam Bankman-Fried guilty of defrauding customers

FTX's Sam Bankman-Fried guilty of defrauding customers

FTX's Sam Bankman-Fried guilty of defrauding customers

FTX's Sam Bankman-Fried guilty of defrauding customers

After 15 days of testimony and just four hours of deliberation, a jury has found FTX founder Sam Bankman-Fried guilty of defrauding customers.

Pact puts handbrake on 'defining technology of our age'

Pact puts handbrake on 'defining technology of our age'

Pact puts handbrake on 'defining technology of our age'

Pact puts handbrake on 'defining technology of our age'

A pact on artificial intelligence is intended to protect people from harm without stifling breakthroughs in vaccines, computing and defence.

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EV tourist drives touted as 1500 chargers roll out

Parking at a winery, restaurant or zoo and finding an EV charger will made easier with a campaign to plug in at least 1500 new outlets in tourist areas.

Net zero policy to draw on national strengths: Chalmers

Critical minerals, battery manufacturing, renewable hydrogen and green metals have been flagged as net zero industry priorities by the federal treasurer.

Call for Santos to give up on Narrabri as precinct axed

Clean industry advocates say renewable energy and sustainable agriculture are the future of Narrabri, as the NSW government axes a gas-led industrial precinct.

Investors demand details in sector plans for transition

Australia needs investment-grade climate policy to guide the nation's top industries through a critical phase of decarbonisation, investors say.

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IMF urges higher interest rates to control inflation

An independent assessment of Australia's economy says interest rates will need to lift higher and government effort will be required to bring inflation down.

Housing rebound eyes new mark but rates threat looms

National home prices are about to hit a fresh peak in October, though the pace of growth is starting to slow.

Electric utes, vans and trucks to drive emissions down

Commercial electric vehicles present a $110 billion opportunity to decarbonise Australian industry and employ a new generation of workers, a think tank says.

BHP asserts green credentials despite backlash

BHP says its investment in critical minerals shows it is bringing about the clean energy transition but critics denounce the environmental impact of its mines.

Politics, media, psychology thwart tax reform: Grattan

Tax reform is hard but the incoming head of the Productivity Commission still believes it's possible - and necessary.

Pilot strike threat at Qantas subsidiary averted

Pilots at a WA-based Qantas subsidiary have suspended plans to strike and agreed to resume negotiations over pay and conditions.

RBA warns of looming financial stability risks

Australia faces a number of emerging risks to financial stability that look quite different to those of recent decades, RBA assistant governor Brad Jones says.

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