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Latest news: Economy, Business and Finance

Federal inquiry backs carbon imports for capture

Federal inquiry backs carbon imports for capture

Australia could be at the forefront of carbon storage for the region given its geology, industry experience and demand from trading partners, an inquiry finds.

Storm clouds gather as growth outlook weakens

Storm clouds gather as growth outlook weakens

Storm clouds gather as growth outlook weakens

Storm clouds gather as growth outlook weakens

A key indicator for future economic activity has sunk to levels only seen during periods of extreme economic stress such as the pandemic.

Gas boss calls for 'honest dialogue' on energy change

Gas boss calls for 'honest dialogue' on energy change

Gas boss calls for 'honest dialogue' on energy change

Gas boss calls for 'honest dialogue' on energy change

Gas incumbents are digging in for their share of future power, while other industry leaders warn the energy transition is at risk amid delays on transmission.

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PM's vision for a renewable energy superpower nation

PM's vision for a renewable energy superpower nation

Australia must break new ground and grab opportunities with both hands, the prime minister has declared in a major speech, stressing renewable energy uptake.

Soaring financial advice costs in Labor's line of sight

Soaring financial advice costs in Labor's line of sight

The Labor government plans to bring down the cost of sky-high financial advice that is locking consumers out of the valuable service.

Rio Tinto deepens pact with world's biggest steelmaker

Rio Tinto deepens pact with world's biggest steelmaker

Rio Tinto is stepping up its work with the world's biggest steelmaker in China and Australia to cut pollution when turning iron ore into steel.

Insurance issue flagged before Porter Davis collapse

Insurance issue flagged before Porter Davis collapse

A Victorian working group identified a number of short-term measures to fix the construction industry months before Porter Davis went into liquidation.

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Greens refine demands on $10 billion housing fund

Greens refine demands on $10 billion housing fund

Greens refine demands on $10 billion housing fund

Greens refine demands on $10 billion housing fund

Negotiations continue over the federal housing fund with the Greens urging Labor to meet them halfway to secure the party's support.

Housing affordability, access, top concerns amid crisis

Housing affordability, access, top concerns amid crisis

Housing affordability, access, top concerns amid crisis

Housing affordability, access, top concerns amid crisis

Gaining access to adequate housing has become harder in most states and territories, with the exception of Victoria.

Labor, Greens fail to break stalemate on housing fund

Labor, Greens fail to break stalemate on housing fund

Labor, Greens fail to break stalemate on housing fund

Labor, Greens fail to break stalemate on housing fund

A deal is yet to be brokered on the contentious housing future fund, which will unlock finance for public housing, ahead of the upcoming sitting fortnight.

Carbon storage dump for global exhaust supports new gas

Carbon storage dump for global exhaust supports new gas

Carbon storage dump for global exhaust supports new gas

Carbon storage dump for global exhaust supports new gas

Carbon-constrained gas firms will trap and store emissions to support new fields, with regulatory support from federal Labor and a carbon credit revenue stream.

Rate outlook 'could trigger another property downturn'

Rate outlook 'could trigger another property downturn'

Rate outlook 'could trigger another property downturn'

Rate outlook 'could trigger another property downturn'

Interest rate rise number 12, and the possibility of more to come, could take some heat out of the rebounding property market.

Higher rates to create 'pockets of distress' for SMEs

Higher rates to create 'pockets of distress' for SMEs

Higher rates to create 'pockets of distress' for SMEs

Higher rates to create 'pockets of distress' for SMEs

Judo Bank's chief risk officer says that higher interest rates will create hardship for small and midsized businesses in the consumer discretionary space.

Electric vehicles sparking a new range of auto workers

Electric vehicles sparking a new range of auto workers

Electric vehicles sparking a new range of auto workers

Electric vehicles sparking a new range of auto workers

The first electric vehicle training centre in Adelaide will service the growing number of EVs on Australian roads.

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ACT bans new gas connections, but BBQs have green light

Canberra is on track to be a zero-carbon city with a ban on new gas connections, but barbecues fired by bottled gas are still allowed under the new ACT law.

Farmers want wriggle room on asset write-off deadline

The federal government has declined a request by farmers for a grace period to extend the tax write-off deadline for receiving newly purchased assets.

Drivers face pump pain as profits fuel inflation debate

Motorists are being urged to shop around before the three-day weekend as international research suggests company profits are pushing up inflation.

A quarter of homes are bought mortgage-free

The value of homes bought with cash is trending up, with the bulk of purchases made by older Australians moving to the regions to retire.

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NRL great joins race for carbon-free commercial flight

Johnathan Thurston's Skytrans aims to make Australia's first emissions-free commercial flight through a new aviation and green hydrogen alliance.

New SA trade office in US to grow defence opportunities

South Australia is hoping to grow defence and other trade opportunities with the United States with the opening of an office in Washington.

Macquarie Bank not so green with billions dipped in oil

To align investments with global climate promises, Macquarie Group will need to increase green investments and dump billions staked on new oil and gas.

Australia's economy losing steam as pressures mount

Australia's economic performance is starting to wane as aggressive interest rate increases continue to bite.

Climate change risk added to banking watchdog's beat

For the first time, Australia's prudential regulator must consider climate risks as part of its work to keep banks, insurers and superannuation funds strong.

Jenny Craig to cease trading, employees made redundant

Administrators have been unable to find a buyer for Jenny Craig's physical stores and employees of the Australian and New Zealand business.

Contentious Australia-first rent bidding revamp shelved

A new advocate for renters will get pricing powers more quickly after the NSW government parked a proposal to end secret rent bidding.

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