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Latest news: Economy, Business and Finance

Boozers reach for cheap hooch as sales lag at Endeavour

Boozers reach for cheap hooch as sales lag at Endeavour

Liquor retailer Endeavour Group says shoppers are switching to cheaper products at Dan Murphy's and BWS as the company struggles to keep up with competitors.

Retail sales dig in with hotter than expected growth

Retail sales dig in with hotter than expected growth

Retail sales dig in with hotter than expected growth

Retail sales dig in with hotter than expected growth

The new iPhone model, government policies and unseasonably warm weather have all helped prop up retail sales ahead of a much-anticipated cash rate decision.

WA premier heads to Japan to promote renewable energy

WA premier heads to Japan to promote renewable energy

WA premier heads to Japan to promote renewable energy

WA premier heads to Japan to promote renewable energy

Premier Roger Cook says Western Australia has a huge trade opportunity as Southeast Asian nations work to decarbonise their economies.

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Strong competition as Vic economy ranked nation's best

Strong competition as Vic economy ranked nation's best

Economic activity, retail spending and business investment has catapulted Victoria to best performing economy in the nation but it faces stiff competition.

Bank lending not helping Australia's ailing environment

Bank lending not helping Australia's ailing environment

Australian Conservation Foundation research has questioned the lending practices of Australian banks and their impact on nature.

Treasurer, opposition trade blows on economy

Treasurer, opposition trade blows on economy

Australia's major parties are going tit-for-tat on economic credibility, with Treasurer Jim Chalmers suggesting the opposition misrepresented tax data.

Fresh insights into retail sector, housing market

Fresh insights into retail sector, housing market

Consumers have been reining in their spending in response to high interest rates and new data may signal a continuation of this trend.

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Answer to productivity could be AI-driven assistants

Answer to productivity could be AI-driven assistants

Answer to productivity could be AI-driven assistants

Answer to productivity could be AI-driven assistants

Microsoft is expanding its Australian base in anticipation of enormous growth in generative artificial intelligence.

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

Auction jump ahead of expected Cup day rate hike

An expected rate hike on Melbourne Cup Day has impacted the number of homes going under the hammer, with clearance rates tipped to jump.

'Facebook for cows' technology tackling cattle theft

'Facebook for cows' technology tackling cattle theft

'Facebook for cows' technology tackling cattle theft

'Facebook for cows' technology tackling cattle theft

New Australian technology that uses facial recognition for livestock has had positive early results and is being sought by international farmers.

Going with the flow to run renewables round the clock

Going with the flow to run renewables round the clock

Going with the flow to run renewables round the clock

Going with the flow to run renewables round the clock

The high-tech battery behind a $20 million project could be the answer to using solar and wind power 24 hours a day and kickstart a new supply chain.

Government faces global and local calls for tax reform

Government faces global and local calls for tax reform

Government faces global and local calls for tax reform

Government faces global and local calls for tax reform

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

'Duty to assist' key to ending homelessness

'Duty to assist' key to ending homelessness

'Duty to assist' key to ending homelessness

'Duty to assist' key to ending homelessness

Homelessness Australia says its possible to end homelessness within a decade if Australia can muster the political and financial will.

Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Casual worker changes threaten jobs: Wesfarmers chair

Corporate heavyweight Michael Chaney says proposed changes to Australia's labour laws would add complexity and cost.

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Billionaire says vote for climate with career switch

More than two clean energy jobs will be created for every fossil fuel-related job lost, tech billionaire Mike Cannon-Brookes tells a net-zero jobs fair.

RBA 'wary' more rate hikes needed to beat inflation

The head of the Reserve Bank admits decision-makers "don't know if the job is done yet" when it comes to interest rate tightening to combat inflation.

Ritzy White House dinner Albanese's dating highlight

Prime Minister Anthony Albanese and partner Jodie Haydon enjoyed a State Dinner at the White House, although Australia's A-list stars were nowhere to be found.

Woolworths shareholders revolt after two worker deaths

Woolworths Group shareholders have rejected the company's remuneration framework, saying bonuses should have been slashed more after the deaths of two workers.

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Coal fires up Queensland's budget surplus

Net debt has shrunk and the budget surplus has boomed, a report into the Queensland government's finances has revealed.

AGL agrees to pay $6m fine over compliance breaches

Australian energy provider AGL has agreed to pay a substantial fine for failing to provide crucial power grid stability services.

Plan to step up climate investment in vital regions

Super funds and other climate investors have released a plan to help bankroll new industries so workers facing job losses do not shoulder the burden alone.

Biden's braised ribs and beets on menu for PM Albanese

President Joe Biden will host Prime Minister Anthony Albanese for a state dinner, with a spectacular setting and gorgeous food being prepared for guests.

Industrial emissions a key to hitting climate targets

No clean technologies - solar batteries, electric cars and heat pumps - are truly green unless the whole supply chain slashes emissions, consumers are warned.

Heated inflation figures put rate hike firmly in play

The Reserve Bank may be forced to lift interest rates again as fresh inflation data suggests the fight is not yet over.

Extra $2b to finance critical minerals 'lacks ambition'

An extra $2 billion for the critical minerals supply chain will form part of the Albanese government's plan to support allies and overhaul the economy.

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