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Latest news: Economy, Business and Finance

Treasurer heads to New Zealand for economic talks

Treasurer heads to New Zealand for economic talks

Treasurer Jim Chalmers is travelling to New Zealand to meet with key officials as the two countries mark 40 years of their trade pact.

Australia to scrap cheque payments within seven years

Australia to scrap cheque payments within seven years

Australia to scrap cheque payments within seven years

Australia to scrap cheque payments within seven years

Cheques are set to be replaced with digital payment alternatives under a new Commonwealth plan, but cash will remain a valid transaction option.

Treasurer maintains growth view despite fresh rate hike

Treasurer maintains growth view despite fresh rate hike

Treasurer maintains growth view despite fresh rate hike

Treasurer maintains growth view despite fresh rate hike

A recession is still unlikely, the treasurer asserts despite fears the Reserve Bank's aggressive interest rate hikes could tip the economy over the edge.

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First gas milestone for stage two Gorgon mega project

First gas milestone for stage two Gorgon mega project

The Gorgon project operated by Chevron Australia off the north-west coast of Western Australia has produced its first gas from a five-year expansion project.

New blow for home owners as interest rates rise again

New blow for home owners as interest rates rise again

The battle against inflation is not over yet as the Reserve Bank board hikes again and takes the cash rate to its highest level since April 2012.

Veterans' homelessness to cost billions if unaddressed

Veterans' homelessness to cost billions if unaddressed

Veterans' homelessness could cost the Australian economy up to $4.6 billion in the next 30 years if left unaddressed, a new report has found.

Pokie numbers cut amid ongoing gambling health concerns

Pokie numbers cut amid ongoing gambling health concerns

Fewer poker machines are allowed in the NT with the government again lowering the maximum in community venues over their risk to public health.

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Off-grid hydrogen box could replace diesel generators

Off-grid hydrogen box could replace diesel generators

Off-grid hydrogen box could replace diesel generators

Off-grid hydrogen box could replace diesel generators

A shipping container-sized energy system has been developed by hydrogen startup Endua for remote sites, potentially eliminating millions of diesel generators.

Council rates shake up, as NSW lags behind other states

Council rates shake up, as NSW lags behind other states

Council rates shake up, as NSW lags behind other states

Council rates shake up, as NSW lags behind other states

IPART has released a draft report proposing changes to council rate capping, saying it is timely for the NSW government to hold an independent inquiry.

Phillip Island battery puts community in pole position

Phillip Island battery puts community in pole position

Phillip Island battery puts community in pole position

Phillip Island battery puts community in pole position

Phillip Island has taken pole position on meeting peak power demand, giving holiday hotspots a blueprint for avoiding blackouts when inundated with tourists.

NSW workers offered 4pc pay rise as inflation stings

NSW workers offered 4pc pay rise as inflation stings

NSW workers offered 4pc pay rise as inflation stings

NSW workers offered 4pc pay rise as inflation stings

Essential workers in NSW have been offered a 4.5 per cent wage increase including super - the largest boost in 12 years.

Australian vehicle sales hit record levels in May

Australian vehicle sales hit record levels in May

Australian vehicle sales hit record levels in May

Australian vehicle sales hit record levels in May

The Federal Chamber of Automotive Industries says sales of new cars and trucks rose to record levels in May.

Call for 'no deforestation' conditions on bank loans

Call for 'no deforestation' conditions on bank loans

Call for 'no deforestation' conditions on bank loans

Call for 'no deforestation' conditions on bank loans

To mark World Environment Day, Australian conservationists are calling for banks to stop funding the clearing of wildlife habitats by agriculture businesses.

Another nail-biter interest rate call looms

Another nail-biter interest rate call looms

Another nail-biter interest rate call looms

Another nail-biter interest rate call looms

The Reserve Bank's June interest rate decision and the economic growth numbers for the March quarter are the top agenda items to watch this week.

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Regulator comes clean with carbon credit data release

Carbon credit data has been released by the federal regulator to restore confidence in the market integrity of one of Australia's key emission reduction tools.

Interest rates rises still weighing down home lending

Housing-related borrowing has fallen again but the decline has not fully unwound the rebound in the month before.

New offshore gas up in the air as acreage access stalls

Adding to gas supply uncertainty, bids for offshore petroleum acreage remain in limbo after more than a year and the next round is unclear after fierce debate.

Lowest paid workers to get wage lift above inflation

Millions of workers will enjoy a generous pay boost, with the lowest paid of all on track for a bump that eclipses red-hot inflation from next month.

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US Congress approves debt-limit suspension bill

The US Senate has given final approval to a debt ceiling and budget cuts package, averting what would have been a first-ever default.

Households in no hurry to give up their extra space

Sky-high rents are expected to nudge people to share living quarters and in turn take pressure off prices, but it's a complicated dynamic in reality.

Businesses still planning to spend in coming months

Fresh data from the national statistics bureau shows businesses are still spending and plan to keep investment levels up in 2023/24.

Renewable energy pipeline puts targets in jeopardy

A fall in financial commitments for large-scale renewable generation projects could pull the plug on 2030 targets, but state governments aim to fill the gap.

Radars scan crowded skies, yet no rule on space junk

Despite thousands of items of space junk circling earth, there are no national regulations on minimising future space waste or tracking the human-made debris.

'Crappy' rate of return for taxpayers on $5b fund

The rate of return on a nation-building fund has been slammed by the coalition, but federal Labor says it will rebuild manufacturing and keep jobs onshore.

BHP finds $430m public holiday backpay error

BHP employees' leave was wrongly used for public holiday pay about 170,000 times over the past 13 years, the mining giant concedes.

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