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Latest news: Economy, Business and Finance

Borrowers on red alert as inflation fight rakes economy

Borrowers on red alert as inflation fight rakes economy

Economists and experts have identified groups at higher risk of serious financial stress and pain as interest rate hikes battle stubborn inflation.

How to blast rocks and negativity into prosperity

How to blast rocks and negativity into prosperity

How to blast rocks and negativity into prosperity

How to blast rocks and negativity into prosperity

Chemicals giant Orica expects to be a winner in the latest boom because miners need tech to find new ore and explosives to blast critical minerals out of rock.

Federal surplus to rocket past earlier forecasts

Federal surplus to rocket past earlier forecasts

Federal surplus to rocket past earlier forecasts

Federal surplus to rocket past earlier forecasts

The slender surplus forecast in the May budget is likely to be much more convincing as foreshadowed by new government data.

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Home builder Bentley Homes slides into liquidation

Home builder Bentley Homes slides into liquidation

Melbourne-based Bentley Homes has collapsed, citing economic pressures, with the builder abandoning further works.

Gender pay gap starts straight away for lawyers

Gender pay gap starts straight away for lawyers

Most young lawyers hitting a six-figure salary early in their career are men and the gender pay gap persists across all ages, a survey of NSW solicitors says.

House prices took more than 15 years to double

House prices took more than 15 years to double

Home values are now doubling at a slower rate even after the massive pandemic-era boom that saw prices soar across the country.

Retail trade beats forecast as sales lure shoppers in

Retail trade beats forecast as sales lure shoppers in

Cash-strapped consumers are taking advantage of sales and pushing up retail trade temporarily, with the spending slowdown expected to continue next month.

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State and federal partnership to replace NSW coal power

State and federal partnership to replace NSW coal power

State and federal partnership to replace NSW coal power

State and federal partnership to replace NSW coal power

The federal and NSW Labor governments have launched a massive joint investment scheme to replace the state's ageing coal power stations with firmed renewables.

Don't expect many happy returns from the tax office

Don't expect many happy returns from the tax office

Don't expect many happy returns from the tax office

Don't expect many happy returns from the tax office

Australians may be hanging out for the new financial year as cost-of-living pressures bite, but there are reasons to expect a smaller tax return this year.

Call to crack China's dominance in critical minerals

Call to crack China's dominance in critical minerals

Call to crack China's dominance in critical minerals

Call to crack China's dominance in critical minerals

Global demand for Australia's critical minerals is giving Treasurer Jim Chalmers optimism about mining's future in a net-zero emissions world.

Watchdog concerned by Transurban EastLink road takeover

Watchdog concerned by Transurban EastLink road takeover

Watchdog concerned by Transurban EastLink road takeover

Watchdog concerned by Transurban EastLink road takeover

The ACCC has raised preliminary competition concerns over Transurban’s proposed acquisition of Horizon Roads, the operator of Melbourne's EastLink toll road.

Australia urged to invest $100b in battery industry

Australia urged to invest $100b in battery industry

Australia urged to invest $100b in battery industry

Australia urged to invest $100b in battery industry

A think tank has called for a critical minerals compact with South Korea to electrify the start of an onshore battery minerals processing industry in Australia.

Inflation figures boost hopes of hold on interest rates

Inflation figures boost hopes of hold on interest rates

Inflation figures boost hopes of hold on interest rates

Inflation figures boost hopes of hold on interest rates

A softer-than-expected inflation number could be enough to keep interest rates on hold next week but the battle against rising prices is not over yet.

Consumers, communities guide mining on sustainable path

Consumers, communities guide mining on sustainable path

Consumers, communities guide mining on sustainable path

Consumers, communities guide mining on sustainable path

A mining conference has heard values-driven consumers don't want 'dirty' electric cars that use unsustainable minerals in their production.

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Surge in people seeking help with energy bill hardship

The energy regulator has reported a lift in customers seeking help with power bills as cost of living pressures pile pressure on households.

Treasurer 'shocked, dismayed' by NSW fat cat blowout

An extra senior executive was added to the NSW government's public payroll every day last year, leaving Labor Treasurer Daniel Mookhey gobsmacked.

Aust shares break four-day losing streak as miners rise

The local share market has gained 0.56 per cent, led by miners and the big banks to snap a four-day losing streak despite a poor lead from Wall Street.

'Dare to say mining is ok' and dig in for global change

Governments need to be bold and brave to increase supplies of materials for electric cars, solar panels and wind turbines, the mining industry says.

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Growth spurt in farmland value as prices almost double

The price of farmland has almost doubled in the space of three years with low rates, strong commodity prices and high demand driving the growth spurt.

Easing demand hitting manufacturing sector hard

The outlook for the Australian economy remains gloomy, with the manufacturing sector under pressure from slowing demand and stubbornly high costs.

Consider the generations when opening and closing mines

As mines open, developers are urged to consider the knowledge of generations who have come before and who should be part of planning for eventual closure.

Welcome mat put out for low-deposit home buyers

A fresh crop of first-home buyers struggling to save a deposit will be able to apply for a place on the government's guarantee scheme.

Aviation engineer training academy set for take off

Qantas and Aviation Australia will team up to deliver two engineer training academies and increase the number of highly-skilled workers entering the industry.

Aussies struggling on utility bills, say Salvos

Many vulnerable Australians are falling behind on utility payments as the nation's cost of living crisis continues to bite, new Salvation Army research shows.

Rent caps protect tenants from ‘egregious’ price hikes

The chief minister from the only jurisdiction in Australia with a rental cap policy says the mechanism can work if combined with a big supply-side push.

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