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The Latest News from economy, business and finance

Infrastructure humps likely to curb housing targets

Infrastructure humps likely to curb housing targets

The water pipes and bitumen needed for new housing have emerged as a new frontier in the housing crisis debate as economist warn affordability could get worse.

Global fight against high inflation 'almost won': IMF

Global fight against high inflation 'almost won': IMF

Global fight against high inflation 'almost won': IMF

Global fight against high inflation 'almost won': IMF

The IMF says the decline in inflation without a global recession is a major achievement.

Union slams 'false hope': jobs at risk in nuclear push

Union slams 'false hope': jobs at risk in nuclear push

Union slams 'false hope': jobs at risk in nuclear push

Union slams 'false hope': jobs at risk in nuclear push

Nuclear energy is a dangerous distraction from the real decisions facing Australia, the Electrical Trades Union warns members ahead of the Queensland election.

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Australia facing further economic troubles

Australia facing further economic troubles

Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.

Circular start-up turns fish guts into flowers

Circular start-up turns fish guts into flowers

A start-up that turns marine waste into a resource is a pioneer in circular business, as research urges support for regional areas on the path to net zero.

Ex Abercrombie & Fitch CEO facing sex charges

Ex Abercrombie & Fitch CEO facing sex charges

A year after a BBC probe alleged Abercrombie & Fitch's former CEO was involved in sex trafficking, he, his partner and a third man are facing federal charges.

Modi tells Putin that India wants peace in Ukraine

Modi tells Putin that India wants peace in Ukraine

While praising their "strong friendship" with Russia on the eve of the BRICS summit, India has made it clear it wants to see an end to the war in Ukraine.

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Milestone for Australia's giant connection cord to Asia

Milestone for Australia's giant connection cord to Asia

Milestone for Australia's giant connection cord to Asia

Milestone for Australia's giant connection cord to Asia

Solar energy from a massive array on a former cattle station, sent through a subsea cable, could soon power Singapore after conditional approval was granted.

'Exhausting': Workplaces failing women of colour

'Exhausting': Workplaces failing women of colour

'Exhausting': Workplaces failing women of colour

'Exhausting': Workplaces failing women of colour

Progress to prevent discrimination against women of colour in workplaces is going backwards and employers have been urged to do more to protect workers.

'Low-hanging electrons' ripe for harvesting lower bills

'Low-hanging electrons' ripe for harvesting lower bills

'Low-hanging electrons' ripe for harvesting lower bills

'Low-hanging electrons' ripe for harvesting lower bills

Most of the roughly 10 million residential customers in the national electricity market are missing out on savings because their homes are not "smart" enough.

Back on track for clean energy overhaul, investors told

Back on track for clean energy overhaul, investors told

Back on track for clean energy overhaul, investors told

Back on track for clean energy overhaul, investors told

A jolt of investor interest has put Australia back on track for 82 per cent renewable energy in the electricity grid by 2030, Energy Minister Chris Bowen says.

Grey area: questions over Sunshine State's green future

Grey area: questions over Sunshine State's green future

Grey area: questions over Sunshine State's green future

Grey area: questions over Sunshine State's green future

Queensland could revert to coal central as calls grow for a power plan from the energised LNP, days out from voters heading to the polls in the Sunshine State.

Freeze on home efficiency standard cops political heat

Freeze on home efficiency standard cops political heat

Freeze on home efficiency standard cops political heat

Freeze on home efficiency standard cops political heat

A coalition plan that would stop changes to energy efficiency standards for buildings over a decade has been criticised for stopping climate change action.

Reserve Bank's views on hot jobs market to be canvassed

Reserve Bank's views on hot jobs market to be canvassed

Reserve Bank's views on hot jobs market to be canvassed

Reserve Bank's views on hot jobs market to be canvassed

A speech by the Reserve Bank of Australia's deputy governor will draw careful scrutiny amid hopes a long-awaited rates cut could be brought forward.

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Care economy growing fast and boom set to continue

Treasurer Jim Chalmers has defended Australia's fast-growing care economy, dismissing federal opposition criticism as rooted in "snobbiness".

AI isn't hype but good data will be key, US expert says

A senior managing director of Accenture says managing business data so AI can access it will be just as important as supply chain management in future.

Generators chase peaks as wholesale energy prices spike

Batteries are setting the price in the electricity market more often than a year ago but gas is the dominant price-setter as generators chase lucrative spikes.

Taxpayers are topping up health fund profits: analysis

Major health insurers have been accused of expecting NSW hospitals to subsidise their record profits amid a stand-off over who foots hospital bills.

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Forrests step down as chairs of philanthropic group

Andrew and Nicola Forrest will step down as co-chairs of the Minderoo Foundation, with well-known barrister Allan Myers set to replace them.

Strong labour force report dims rate cut prospects

Interest rates are unlikely to fall soon after new data showed workers are being onboarded by employers in huge numbers, reflecting a resilient jobs market.

'Limited evidence' rate hikes passed on to renters: RBA

Only a small fraction of higher interest costs are directly passed from indebted landlord to renter, fresh Reserve Bank of Australia research has found.

It's not you: banking outages are taking longer to fix

Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.

CBA apologises, pays $7.5m fine after spam emails

Commonwealth Bank has been penalised after sending 170 million emails to customers with no way to unsubscribe.

Qantas braces against carbon neutral greenwash claim

Australia's biggest airline has been referred to the consumer watchdog amid accusations it is misleading passengers about its green credentials.

Slow economic growth set to continue into 2025

While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.

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