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Latest news: Economy, Business and Finance

Social fabric strained amid growing financial pain

Social fabric strained amid growing financial pain

Australia's social cohesion is under pressure on multiple fronts, including financial stress and worsening economic inequality.

'Not happy': states to pay more for infrastructure

'Not happy': states to pay more for infrastructure

'Not happy': states to pay more for infrastructure

'Not happy': states to pay more for infrastructure

States will be required to go 50-50 with the federal government on infrastructure projects, angering premiers who believe the changes are unfair.

Consumers, businesses still wary about the future

Consumers, businesses still wary about the future

Consumers, businesses still wary about the future

Consumers, businesses still wary about the future

Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.

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Spending wanes as consumers wait for next big event

Spending wanes as consumers wait for next big event

Major events have been keeping spending elevated, with consumption in retreat throughout a quieter month.

US House Speaker Johnson floats plan to avert shutdown

US House Speaker Johnson floats plan to avert shutdown

A temporary funding measure announced by US Republican Speaker Mike Johnson is unlikely to win support from Democrats or the White House.

Robust wage print expected as one-off pay bumps hit

Robust wage print expected as one-off pay bumps hit

Workers' wages have been growing strongly in a tight labour market, with new data set to show how quickly pay packets are expanding.

What Westpac zero deforestation pledge means for ag

What Westpac zero deforestation pledge means for ag

A zero deforestation target for agriculture set by Westpac has been described as "enormous" by the conservation movement but condemned by farmers.

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Can Australia be more than backup for big tech?

Can Australia be more than backup for big tech?

Can Australia be more than backup for big tech?

Can Australia be more than backup for big tech?

A tech giant has its eyes on Aussie talent and warns governments against thwarting emerging players who may already be coding the future.

'Up all night' Optus woos small businesses after outage

'Up all night' Optus woos small businesses after outage

'Up all night' Optus woos small businesses after outage

'Up all night' Optus woos small businesses after outage

Embattled telco Optus is apologising to business customers, hoping to salvage its reputation after a nationwide outage left thousands of people out of pocket.

Energy minister confident in NT gas after setbacks

Energy minister confident in NT gas after setbacks

Energy minister confident in NT gas after setbacks

Energy minister confident in NT gas after setbacks

The Northern Territory Energy and Mining Minister Nicole Manison says she is still confident in the industry after a tough two weeks.

RBA's inflation forecasts edge higher as risks abound

RBA's inflation forecasts edge higher as risks abound

RBA's inflation forecasts edge higher as risks abound

RBA's inflation forecasts edge higher as risks abound

Inflation is still expected to return to the Reserve Bank of Australia's target band by the end of 2025 but is proving to be more persistent than expected.

Cashless pokie trial flush with club and pub volunteers

Cashless pokie trial flush with club and pub volunteers

Cashless pokie trial flush with club and pub volunteers

Cashless pokie trial flush with club and pub volunteers

Ten times the planned number of poker machines have been nominated for a cashless gaming trial in NSW, but critics say an expansion will lead to more delays.

AI bots won't replace human teams, security expert says

AI bots won't replace human teams, security expert says

AI bots won't replace human teams, security expert says

AI bots won't replace human teams, security expert says

A tech giant is trying to stay a step ahead of hackers and spies with heightened security wrapping around the code that runs gadgets, services and industries.

Record low vacancy rates hit would-be renters hard

Record low vacancy rates hit would-be renters hard

Record low vacancy rates hit would-be renters hard

Record low vacancy rates hit would-be renters hard

It's never been more difficult to find a rental in Australia as a report confirms rental vacancy rates have hit record lows in some capital cities.

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Banks pass on rate hikes to thrifty home loan customers

Some mortgage holders are already trimming their spending and working extra hours, with the latest rise to put more pressure on households and the economy.

Office parks and industrial sites in line for housing

Thousands of extra homes could be built in northwest Sydney under rezoning plans for one major business precinct.

Australian home buyers feeling affordability crunch

Not since the late 1980s has it been this challenging for couples with full time wages to service the mortgage on new properties.

EY sheds 232 staff as consulting giants bleed jobs

Consulting company EY has sacked more than 200 staff as demand for financial services and public sector work plummets.

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'Dark cloud' warnings over Queensland resources tax

The resources industry has pumped a record $116.8 billion into Queensland’s economy but the state government has been warned it could lose investors.

NAB customers cut spending, interest rate peak in sight

National Australia Bank has been looking at how its business and personal customers are dealing with rising interest rates, and the news isn't too bad.

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

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

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

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

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

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