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Latest news: Economy, Business and Finance

Gender pay gap wider for managers than other job types

Gender pay gap wider for managers than other job types

Australia is making progress on the gender pay gap yet men in management roles are still earning far more than women managers.

Plastic makes up the majority of Aussie marine litter

Plastic makes up the majority of Aussie marine litter

Plastic makes up the majority of Aussie marine litter

Plastic makes up the majority of Aussie marine litter

Plastic made up 79 per cent of the rubbish collected from Australia’s urban rivers, bays and beaches over the past three years, conservationists say.

House prices smash records, wiping out downturn losses

House prices smash records, wiping out downturn losses

House prices smash records, wiping out downturn losses

House prices smash records, wiping out downturn losses

Australia's housing sector has recouped all losses from the 2022 downturn to end 2023 smashing median price records across all capital cities.

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Australian shares climb on back of US rates optimism

Australian shares climb on back of US rates optimism

The local bourse has climbed for its third consecutive session to finish half a per cent higher after more gains on Wall Street overnight.

Labor on vote-buying spree promising tax cuts for all

Labor on vote-buying spree promising tax cuts for all

Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.

Fares lose altitude as more flights cleared for takeoff

Fares lose altitude as more flights cleared for takeoff

International airfares are predicted to drop in 2024 as the entry of Turkish Airlines and larger planes bring increased competition to the Australian market.

Property investor tax breaks blamed for housing crisis

Property investor tax breaks blamed for housing crisis

Scrapping tax concessions for investors and building more social housing is a vital step towards fixing the nation's housing crisis, a campaign group says.

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DP World warns of more port strikes due to bargaining

DP World warns of more port strikes due to bargaining

DP World warns of more port strikes due to bargaining

DP World warns of more port strikes due to bargaining

Executives for DP World say new multi-employer bargaining laws would lead to further port strikes across Australia as its own pay dispute continues.

PM looking for extra dollars for those 'doing it tough'

PM looking for extra dollars for those 'doing it tough'

PM looking for extra dollars for those 'doing it tough'

PM looking for extra dollars for those 'doing it tough'

Cost-of-living relief could be on the way as inflation begins to soften and politicians rush back to Canberra to find ways to ease the pressure on Australians.

Cost of living pressures mount on first cabinet meeting

Cost of living pressures mount on first cabinet meeting

Cost of living pressures mount on first cabinet meeting

Cost of living pressures mount on first cabinet meeting

Anthony Albanese's cabinet is meeting in Canberra more than a week before parliament resumes as living costs raise pressure on households and government.

Ocean energy tech could land green salmon on the menu

Ocean energy tech could land green salmon on the menu

Ocean energy tech could land green salmon on the menu

Ocean energy tech could land green salmon on the menu

Floating salmon farms could use onboard electricity generated from the ocean instead of diesel by harnessing an energy trap developed by an Aussie innovator.

Focus on overseas data as Australian economy cools off

Focus on overseas data as Australian economy cools off

Focus on overseas data as Australian economy cools off

Focus on overseas data as Australian economy cools off

With the business week shortened by the Australia Day holiday, analysts will look overseas for indications on the state of the economy.

Economy strong but slowdown on horizon, IMF warns

Economy strong but slowdown on horizon, IMF warns

Economy strong but slowdown on horizon, IMF warns

Economy strong but slowdown on horizon, IMF warns

In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.

Supermarkets to face inquiry over grocery prices

Supermarkets to face inquiry over grocery prices

Supermarkets to face inquiry over grocery prices

Supermarkets to face inquiry over grocery prices

Major supermarkets are set to face a Queensland parliamentary inquiry following a meeting with state premier Steven Miles.

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Lights to stay on if biggest 'coal clunker' powers down

Recent progress on renewable energy in NSW after a "growing industry clamour" about red tape and delays suggests there is no need to run on coal for longer.

Financial services laws set for overhaul after review

A three-year inquiry set up following the banking royal commission has called for changes to laws governing the financial services sector.

Rate cut prospects up in the air as labour market cools

Some economists predict a softening labour market could bode well for interest rate cuts after Australia’s jobless rate plateaued at 3.9 per cent in December.

Supermarkets under scrutiny over food costs

Queensland Premier Steven Miles is set to meet supermarket bosses over the rising cost of groceries.

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Call for Tesla, GM to steer clear of deep sea mining

Electric car makers Tesla and General Motors have been urged to commit to a ban on mining of the sea floor for battery materials.

Russia got $A4.4b of military goods despite sanctions

Russia has been able to purchase some $A4.4b worth of Western components to produce weapons like the "Kinzhal" hypersonic missiles.

'Nature-positive' mining pledge by industry leaders

Mining leaders have made a commitment to do less harm to nature and biodiversity even with demand for clean industry, energy and critical minerals set to soar.

Tech 'team anywhere' marks 1000 days of remote work

Tech company Atlassian is counting the gains and burnout lessons of betting on a different future of work for its remote or "distributed" employees.

Gaza conflict 'gutwrenching', Blinken tells Davos meet

The US is in demand in the face of global challenges ranging from war in Gaza and Ukraine to tensions over Taiwan, Secretary of State Antony Blinken says.

Insolvency on the rise, as opposition attacks govt fund

The coalition have criticised the government for the number of manufacturing businesses going under as insolvency levels rise above pre-COVID levels.

Immediate climate threat on agenda at elite gathering

An Aussie millennial from a carbon startup working out of Newcastle says industry needs to bankroll technology to cut emissions - immediately.

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