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Latest news: Economy, Business and Finance

Landmark report puts climate at centre of economy

Landmark report puts climate at centre of economy

Climate change and the transition to a net-zero economy lies at the heart of the Intergenerational Report released by the Albanese government.

BRICS should boost cross-border payment: China

BRICS should boost cross-border payment: China

BRICS should boost cross-border payment: China

BRICS should boost cross-border payment: China

The leaders of the BRICS bloc have agreed to encourage more local currency usage in trade as they seek to shift away from dependence on the US dollar.

Million-dollar fines for tax leaks under new NSW bill

Million-dollar fines for tax leaks under new NSW bill

Million-dollar fines for tax leaks under new NSW bill

Million-dollar fines for tax leaks under new NSW bill

New laws will hit consultancy firms and other companies with penalties of up to $5.5 million if they leak confidential government tax information.

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Microgrids to end diesel dependency in remote areas

Microgrids to end diesel dependency in remote areas

Remote diesel-powered communities and worksites have a tougher challenge switching to renewables, prompting a federal agency to pump millions into microgrids.

BRICS invites six nations to join developing world bloc

BRICS invites six nations to join developing world bloc

BRICS developing nations have invited six countries to join the bloc, promising to rebalance world bodies dominated by the US and other wealthy Western states.

Woodside offshore strike threat ends, Chevron pending

Woodside offshore strike threat ends, Chevron pending

Woodside Energy has agreed to a deal with workers on offshore gas platforms but the threat of stoppages still hangs over Chevron off the northwest coast.

Ageing population, climate to change face of economy

Ageing population, climate to change face of economy

Australians 40 years from now will live longer and have fewer children while the country's economy becomes greener, a landmark reports shows.

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Calls for return of baby bonus quickly put to bed

Calls for return of baby bonus quickly put to bed

Calls for return of baby bonus quickly put to bed

Calls for return of baby bonus quickly put to bed

Paying women to have babies to help increase Australia's falling birth rate will not be making a comeback, the federal treasurer says.

Ardent settles shareholder suit over Dreamworld tragedy

Ardent settles shareholder suit over Dreamworld tragedy

Ardent settles shareholder suit over Dreamworld tragedy

Ardent settles shareholder suit over Dreamworld tragedy

Dreamworld's parent company has settled a shareholder lawsuit that claimed losses following the deadly accident at the Gold Coast theme park in 2016.

Climate and technology key challenges for regions

Climate and technology key challenges for regions

Climate and technology key challenges for regions

Climate and technology key challenges for regions

Regional and rural Australians risk being left behind as the technological revolution takes place and climate change impacts sectors such as agriculture.

Federal budget deficits expected well into the future

Federal budget deficits expected well into the future

Federal budget deficits expected well into the future

Federal budget deficits expected well into the future

The Intergenerational Report shows the federal budget bottom line will soon slip into deficit and is set to remain there for decades to come.

Older Australia offers chance to 'turn grey into gold'

Older Australia offers chance to 'turn grey into gold'

Older Australia offers chance to 'turn grey into gold'

Older Australia offers chance to 'turn grey into gold'

Australia's population is ageing, but this could present a golden opportunity to bolster the care sector, the government's Intergenerational Report reveals.

Defence spending to stabilise amid regional tension

Defence spending to stabilise amid regional tension

Defence spending to stabilise amid regional tension

Defence spending to stabilise amid regional tension

As the Indo-Pacific faces a massive military build-up, Australia will raise its defence spending level but keep it stable beyond the next decade.

Australian workforce to change shape in coming decades

Australian workforce to change shape in coming decades

Australian workforce to change shape in coming decades

Australian workforce to change shape in coming decades

The Intergenerational Report shows a number of major shifts in the Australian workforce as the country's population ages and its economy changes.

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Consumers should expect lower grocery prices: minister

Federal finance minister Katy Gallagher says she expects Australia's major supermarkets will lower their prices as inflation starts to moderate.

Vision for Australia to become renewable powerhouse

Australia needs a massive investment in zero emissions infrastructure this decade to become a renewable energy superpower or else get left behind.

Growth to soar in Australia's critical minerals sector

Massive growth in a key sector is set to benefit Australia, with global demand for critical minerals to soar as the world strives to meet climate targets.

BRICS leaders consider group's role, expansion criteria

BRICS leaders are weighing expansion criteria with the bloc's future in the balance as Vladimir Putin uses their summit to justify Russia's war in Ukraine

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Shoppers 'could fare worse' without supermarket duopoly

Breaking up duopolies like Coles and Woolworths would actually disadvantage shoppers, Australia's outgoing Productivity Commission head Michael Brennan says.

WA lab to accelerate battery minerals manufacturing hub

A battery materials demonstration plant opened in Western Australian industrial heartland is another milestone to being a global hub, the premier says.

Woolworths says cautious customers are cutting back

Woolworths is tipping price rises in some categories after the supermarket giant posted a $1.62 billion full-year profit, up slightly on the previous year.

Woolworths to cut bonuses for managers after deaths

Safety lapses that led to the deaths of two workers at Woolworths stores have triggered a review of every piece of equipment used by the supermarket chain.

Domino's profit sliced 74 per cent as inflation bites

Pizza chain Domino's says it misstepped with its pricing strategy as it tried to walk the tightrope between higher costs and lower sales.

China's fortunes key to Australia's economic success

As Treasurer Jim Chalmers prepares to release a report on Australia's long-term challenges, he has flagged China's economic success as a key factor.

Economic agenda big enough without more tax reform

The federal government says its reform agenda is big enough as it is, without adding further tax reform.

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