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Latest news: Economy, Business and Finance

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.

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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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.

Consumers should expect lower grocery prices: minister

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.

Growth to soar in Australia's critical minerals sector

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.

Vision for Australia to become renewable powerhouse

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.

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BRICS leaders consider group's role, expansion criteria

BRICS leaders consider group's role, expansion criteria

BRICS leaders consider group's role, expansion criteria

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

Shoppers 'could fare worse' without supermarket duopoly

Shoppers 'could fare worse' without supermarket duopoly

Shoppers 'could fare worse' without supermarket duopoly

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

WA lab to accelerate battery minerals manufacturing hub

WA lab to accelerate battery minerals manufacturing hub

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 says cautious customers are cutting back

Woolworths says cautious customers are cutting back

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

Woolworths to cut bonuses for managers after deaths

Woolworths to cut bonuses for managers after deaths

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

Domino's profit sliced 74 per cent as inflation bites

Domino's profit sliced 74 per cent as inflation bites

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

China's fortunes key to Australia's economic success

China's fortunes key to Australia's economic success

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.

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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.

Iluka Resources to pause production after profit slump

Iluka Resources has reported a slump in first-half profit and will shutter a major kiln as global economic uncertainty depresses demand for some commodities.

Australia to seek trade breakthroughs at G20 summit

Trade issues will be in the spotlight as ministers from the largest economies prepare to meet in India ahead of the G20 leaders' summit.

Industry data casts doubt on 2030 clean energy target

A clean energy investment snapshot shows Australia may be charging into the battery era, but poor planning and transmission gaps risk failure on 2030 targets.

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From Raider to sparky, NRL star leads tradie treechange

Former Raiders and St George Illawarra player Josh McCrone has found a new life as a sparky in rural NSW, as Australian tradies consider leaving the capitals.

Coles profits rise as consumers skimp on eating out

Consumers are increasingly turning to supermarkets to ride out the cost-of-living squeeze, with Coles experiencing strong growth in sales revenue.

BHP warns on tax, productivity after plunge in profits

Profits and dividends are down at BHP on lower commodity prices, but the mining giant says it is managing inflationary pressures better than its rivals.

Woodside fatality, safety lapses mar strong first half

Woodside has reported a six per cent jump in profit to $A2.7 billion, but the death of contractor Michael Jurman has overshadowed its strong performance.

Lithium mega-trend drives Allkem to record $525m profit

Lithium producer Allkem credits hard-rock production in Australia and brine ponds in Argentina for an "outstanding" FY23 result as the world races for supplies.

AGL Energy owns goals with Adelaide Oval-sized battery

More than a big banana, a big battery the size of an AFL oval has switched on in South Australia to help cut power bills and greenhouse gas emissions.

Blueprint revealed to turbocharge productivity, wealth

A package of reforms that could leave every Australian $7000 better off each year after a decade has been unveiled by a leading business group.

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