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Latest news: Economy, Business and Finance

Qantas sackings 'betrayed Spirit of Australia' values

Qantas sackings 'betrayed Spirit of Australia' values

Qantas is being warned it risks losing its place in the national psyche after its latest indiscretion: a $90 million fine for the illegal sacking of workers.

'Unacceptable': closing gender pay gap still hard work

'Unacceptable': closing gender pay gap still hard work

'Unacceptable': closing gender pay gap still hard work

'Unacceptable': closing gender pay gap still hard work

Women are working 50 days past the end of the financial year to earn the same as men, showing the need for further action from employers on the gender pay gap.

'It's crunch time': productivity puzzle must be solved

'It's crunch time': productivity puzzle must be solved

'It's crunch time': productivity puzzle must be solved

'It's crunch time': productivity puzzle must be solved

Australia must cut unnecessary red tape and boost business investment if young people are to be better off than their parents, the productivity chief says.

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'Ruthless' sacking of staff lands Qantas with $90m fine

'Ruthless' sacking of staff lands Qantas with $90m fine

Qantas has vowed to rebuild trust after the embattled airline was fined $90 million for illegally sacking more than 1800 ground staff during the pandemic.

Answers to ailing productivity to steer economic future

Answers to ailing productivity to steer economic future

Australia's economic future will be guided by ideas to reinvigorate its currently languishing productivity, the treasurer has said.

Productivity to dominate agenda as symposium begins

Productivity to dominate agenda as symposium begins

After weeks of build up, arguably the biggest event of Australia's economic calendar is set to begin as the government seeks answers to withered productivity.

More than 300 people dead in Pakistan after floods

More than 300 people dead in Pakistan after floods

Hundreds have been killed in the deadliest downpour of the monsoon season in Pakistan's northwest, with the search on for more missing people.

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Trump leaves Alaska summit with Putin empty-handed

Trump leaves Alaska summit with Putin empty-handed

Trump leaves Alaska summit with Putin empty-handed

Trump leaves Alaska summit with Putin empty-handed

A highly anticipated summit between Donald Trump and Vladimir Putin has yielded no agreement to resolve or pause Moscow's war in Ukraine.

Responsibility, not legacy driving Chalmers to reform

Responsibility, not legacy driving Chalmers to reform

Responsibility, not legacy driving Chalmers to reform

Responsibility, not legacy driving Chalmers to reform

Jim Chalmers' economic roundtable will likely present some low-hanging fruit around regulation but hefty tax reform will be more challenging for him to grasp.

Women urged to ‘remain vigilant’ to safeguard progress

Women urged to ‘remain vigilant’ to safeguard progress

Women urged to ‘remain vigilant’ to safeguard progress

Women urged to ‘remain vigilant’ to safeguard progress

Embedding policies that cannot be wound back could help stop a worrying trend in its tracks, Women's Minister Katy Gallagher says.

Cutting 'nightmarish' red tape may awaken productivity

Cutting 'nightmarish' red tape may awaken productivity

Cutting 'nightmarish' red tape may awaken productivity

Cutting 'nightmarish' red tape may awaken productivity

Fixing Australia's regulations could help businesses and shoppers save and reinvigorate Australia's languishing productivity base.

Footy fans help consumer spending roar into growth

Footy fans help consumer spending roar into growth

Footy fans help consumer spending roar into growth

Footy fans help consumer spending roar into growth

A British and Irish Lions rugby tour and the State of Origin league decider helped push household spending up in July, the latest CommBank data shows.

'Standard practice': summiteers play down Treasury leak

'Standard practice': summiteers play down Treasury leak

'Standard practice': summiteers play down Treasury leak

'Standard practice': summiteers play down Treasury leak

Experts believe there's still hope for reform at an upcoming productivity roundtable after Treasury recommendations arising from the summit were leaked.

Ex-Qantas boss returns to defend his troubled legacy

Ex-Qantas boss returns to defend his troubled legacy

Ex-Qantas boss returns to defend his troubled legacy

Ex-Qantas boss returns to defend his troubled legacy

Controversial former Qantas boss Alan Joyce has used a rare public appearance to ask industry figures to consider their "social licence" in future plans.

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Price hikes, job cuts push telco's modest profit lift

Australia's largest telecommunications company has posted a 30 per cent increase in its annual profit, but investors are unimpressed.

EV industry powers down tax talk amid surging sales

Electric vehicle sales have been driven to a record high, but advocates warn it's not yet time to withdraw incentives or impose taxes.

Jobless fall gives RBA room before next rate cut

The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.

Indigenous communities plug in to power their future

Renewable energy projects must be developed alongside Indigenous people, and community-led initiatives need more investment, a symposium has been told.

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Liquid gas investment inflates Origin Energy's profit

Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.

Algal bloom 'collapsing the ecosystem': opposition

More marine life could be added to the threatened species list as the opposition claims SA's devastating algal bloom is "collapsing the ecosystem".

'A luxury not a lifeline': call to defend penalty rates

Unions are urging the government to protect the penalty rates that help bolster the pay packets of millions of Australians.

CommBank's record $10b profit could've been bigger: CEO

Commonwealth Bank could have delivered a better result than its $10 billion profit if it weren't positioning itself for AI revolution, its boss says.

Real wages boost for workers, but costs might worry RBA

Strong annual growth in wages will be noted by the Reserve Bank as it collates data leading up to its next decision on whether to cut interest rates.

Rates cut but borrowers told not to bank on more relief

The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.

Unions push back on productivity plan for schools, jobs

Fresh fault lines have formed in the lead up to the government's reform roundtable as unions reject productivity proposals welcomed by businesses.

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