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Latest news: Economy, Business and Finance

Biden says debt deal 'very close' ahead of new deadline

Biden says debt deal 'very close' ahead of new deadline

US President Joe Biden is expressing optimism about reaching a deal on the country's debt ceiling, while the default deadline has been extended by four days.

'Absolutely crazy' not to electrify everything: Evergen

'Absolutely crazy' not to electrify everything: Evergen

'Absolutely crazy' not to electrify everything: Evergen

'Absolutely crazy' not to electrify everything: Evergen

Australians could make electrons more valuable and useful by controlling when an electric car is charging or the hot water system turns on.

ASX suffers worst week in two months amid US debt drama

ASX suffers worst week in two months amid US debt drama

ASX suffers worst week in two months amid US debt drama

ASX suffers worst week in two months amid US debt drama

The Australian share market has finished up 0.2 per cent for the day, but closed the week down 1.7 per cent after losses from Monday to Thursday.

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Retail trade plateaus as interest rate rises take toll

Retail trade plateaus as interest rate rises take toll

Australians are reining in their spending, although the unusually fierce start to winter weather prompted many to splash out on new warm clothes.

Road maintenance call for SA budget funding

Road maintenance call for SA budget funding

South Australia's peak motoring group has released its wish list for the upcoming state budget.

New government unit to save millions on consultants

New government unit to save millions on consultants

The federal government has set up a new unit to check government programs are delivering as promised, that could save millions in private consultancy fees.

Cost hikes and delays for NSW renewable energy zones

Cost hikes and delays for NSW renewable energy zones

The two renewable energy zones that account for the bulk of the new generation power capacity in NSW will be delayed by up to two years, the government says.

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Economic momentum starting to ebb across all states

Economic momentum starting to ebb across all states

Economic momentum starting to ebb across all states

Economic momentum starting to ebb across all states

All states and territories are experiencing worsening economic performance led by a slowdown in consumption and home building activity.

Higher power bills to 'drive Victorians to poverty'

Higher power bills to 'drive Victorians to poverty'

Higher power bills to 'drive Victorians to poverty'

Higher power bills to 'drive Victorians to poverty'

The Essential Services Commission has put forward its final default offer for Victoria, leaving more residents and businesses out of pocket.

SA urged to bid for UN climate change conference

SA urged to bid for UN climate change conference

SA urged to bid for UN climate change conference

SA urged to bid for UN climate change conference

Business SA has urged the state government to consider bidding to host the world's leading climate change conference.

Albanese, Modi seek to score runs on migration, energy

Albanese, Modi seek to score runs on migration, energy

Albanese, Modi seek to score runs on migration, energy

Albanese, Modi seek to score runs on migration, energy

Prime Minister Anthony Albanese and Indian counterpart Narendra Modi have agreed to work together on people-to-people links and clean energy.

PwC referred to police over confidential disclosure

PwC referred to police over confidential disclosure

PwC referred to police over confidential disclosure

PwC referred to police over confidential disclosure

PwC has been referred to police by the Treasury Secretary after it shared confidential government policy to try and drum up business.

Mining ready to ride boom with $2 trillion up for grabs

Mining ready to ride boom with $2 trillion up for grabs

Mining ready to ride boom with $2 trillion up for grabs

Mining ready to ride boom with $2 trillion up for grabs

Mining bosses are confident they can meet the demands of the clean energy boom without making emissions worse, with new incentives to "turbocharge" prosperity.

Last day for grads to dodge huge HECS debt hike

Last day for grads to dodge huge HECS debt hike

Last day for grads to dodge huge HECS debt hike

Last day for grads to dodge huge HECS debt hike

Australians are being urged to pay off as much student debt as they can ahead of May 25, before rising inflation causes HELP loan balances to skyrocket.

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Labor says gig worker reforms won't capture tradies

A fight is brewing over the Albanese government's next crop of workplace reforms as the business community starts sounding alarm bells.

'No jobs in the bush' myth busted but housing critical

The regional jobs market is booming at three times the metropolitan rate but the lack of housing, health care and education remains a major barrier.

All signs point to lower economic growth than usual

The national economy is tracking toward a contraction in activity, with the patchy performance expected to continue into next year.

Woolies ice-cream sandwiches recalled over metal risk

Woolworths is recalling its WW Cookies & Cream Classic Ice Cream Sandwiches after metal was found inside.

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Climate fix 'impossible alone and possible together'

On a quest to be a climate action leader, technology firm Atlassian has written the manual for other companies to follow suit for long-term sustainable success.

More than 40,000 modern slaves trapped in Australia

At least 50 million people are trapped as modern slaves in exploitative work or marriage conditions across the world, with about 40,000 in Australia alone.

Farming export success linked to sustainability

Australian producers are increasingly being asked to prove their sustainability with export sales dependent on growers being able to back up their claims.

Consumer confidence edges up but low mood prevails

Consumers are feeling a touch more optimistic about their personal finances, with the jobless rate low and pay packets rising.

Qantas reports sky-high profit and plans more flights

Australian flag-carrier Qantas will soon be operating more domestic flights that it did before the COVID pandemic, while international capacity is also rising.

PM stresses importance of resolving US debt ceiling

Prime Minister Anthony Albanese has warned of the ramifications of a failure to lift the US debt ceiling as political leaders inch closer to a last-minute deal.

Government continues to defend scrapping regional fund

The government has defended its rollout of a community grants program, saying it takes an "orderly" approach to delivering on election promises.

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