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Latest news: Economy, Business and Finance

CFMEU blasts industry 'hysteria' on workplace reforms

CFMEU blasts industry 'hysteria' on workplace reforms

Tradies have no reason to be worried the federal government's workplace reforms will force them to become employees, the construction union says.

Santos in the dock over 'clean gas', net-zero by offset

Santos in the dock over 'clean gas', net-zero by offset

Santos in the dock over 'clean gas', net-zero by offset

Santos in the dock over 'clean gas', net-zero by offset

Australia's biggest gas supplier Santos faces many months of costly wrangling with shareholder activists in the federal court over allegations of greenwashing.

Higher repayments eating deep into borrower incomes

Higher repayments eating deep into borrower incomes

Higher repayments eating deep into borrower incomes

Higher repayments eating deep into borrower incomes

Mortgage holders are funnelling more of their incomes into monthly repayments but are well placed overall to weather challenging economic conditions.

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Transport spending accelerates as cost of petrol surges

Transport spending accelerates as cost of petrol surges

Australians are forking out more on transport and less on alcohol, tobacco and household furnishings and equipment.

Tax cuts not 'all or nothing' in mooted middle ground

Tax cuts not 'all or nothing' in mooted middle ground

The Australia Institute has proposed changes to looming tax cuts to reduce bracket creep and improve the budget bottom line.

Farm incomes to tumble as drier conditions take hold

Farm incomes to tumble as drier conditions take hold

Farm incomes are expected to fall this financial year due to drier conditions and lower prices, the federal government's agricultural forecaster says.

Bill shock set to continue amid immense energy change

Bill shock set to continue amid immense energy change

Volatility has eased after the energy shocks of past years but cost pressures remain and progress on new assets has stalled, an energy market update shows.

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Vegan cats and dogs could help to save the planet

Vegan cats and dogs could help to save the planet

Vegan cats and dogs could help to save the planet

Vegan cats and dogs could help to save the planet

Feeding cats and dogs a nutritionally-sound vegan diet could unlock significant environmental and food energy savings, research by a veterinary professor shows.

Wide disparity in gender pay gap across businesses

Wide disparity in gender pay gap across businesses

Wide disparity in gender pay gap across businesses

Wide disparity in gender pay gap across businesses

Australia has made steady progress on closing the gender pay gap but it has started to stall, with some businesses taking leaps and others doing the minimum.

Renters hit affordability limit as pace of growth eases

Renters hit affordability limit as pace of growth eases

Renters hit affordability limit as pace of growth eases

Renters hit affordability limit as pace of growth eases

Australian renters are getting closer to the maximum they can afford, with as many as 70,000 rentals needed to bring the market into a healthier balance.

Companies surprisingly busy despite slowing economy

Companies surprisingly busy despite slowing economy

Companies surprisingly busy despite slowing economy

Companies surprisingly busy despite slowing economy

The Australian services sector continues to bring in a lot of new business even as interest rates remain high and consumers start to pull back.

Australia experiencing 1960s-era skills shortage

Australia experiencing 1960s-era skills shortage

Australia experiencing 1960s-era skills shortage

Australia experiencing 1960s-era skills shortage

Australia is experiencing skills shortages not seen since the 1960s and will need to take urgent action if it wants to meet its economic ambitions.

No vacancy tax despite 'unprecedented' NSW homes crisis

No vacancy tax despite 'unprecedented' NSW homes crisis

No vacancy tax despite 'unprecedented' NSW homes crisis

No vacancy tax despite 'unprecedented' NSW homes crisis

A federal fund is due to deliver 1500 extra social houses for NSW, but that represents a tiny fraction of the demand for affordable properties in the state.

Lending to buy homes lifts as prices continue comeback

Lending to buy homes lifts as prices continue comeback

Lending to buy homes lifts as prices continue comeback

Lending to buy homes lifts as prices continue comeback

More investors and owner-occupiers took out new housing loans while dwelling approvals also improved a little in August.

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New bank chief holds rates but a rise is still in play

Borrowers have been spared further mortgage pain but one more interest rate hike or a longer stretch on hold may be needed to wrangle inflation under control.

Carbon 'bottom line': Don't trade integrity for offsets

Carbon offsets should be used as a last resort and limited to Australia's heaviest polluters, conservationists warn the federal government.

Labor unveils super tax tweaks on big balances

Tax office data shows super balances of $100 million-plus increasing more than 50 per cent in one year as Labor prepares to crack down on tax breaks.

Critical minerals driving net zero even as prices dip

New data forecasts clean energy commodity prices will decelerate, while a consultation paper has been released mapping a strategy for the changing role of gas.

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Pilot strike to wreak havoc on resources sector workers

Thousands of FIFO workers are expected to be affected when pilots from the Qantas-owned Network Aviation work off the job as a wages dispute intensifies.

US regulator's approval a 'game-changer' for Cyclopharm

Sydney-based Cyclopharm is preparing to send hundreds of its generators to the US for use in diagnosing pulmonary embolisms after receiving regulatory approval.

Borrowers survive fixed-rate cliff but more pain looms

The expiry of hundreds of thousands of ultra-low fixed-rate mortgages has been painful but most borrowers have taken it in their stride.

Housing recovery entrenched but pace of growth eases

Home values continue to rise but growth has slowed amid more advertisements for stock and the toll of higher interest rates and cost of living pressures.

US Congress passes stopgap bill to avert shutdown

The threat of a US government shutdown has been averted after Congress approved a temporary funding plan - but it came at the expense of aid for Ukraine.

Price gouging child care could be named and shamed

Childcare centres charging parents exorbitant fees could be named and shamed under reforms proposed by the consumer watchdog.

Biden blames Republicans for 'manufactured crisis'

The White House has pinned the blame for the now averted threat of a government shutdown on House Republicans who'd been unable to pass a funding package.

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