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Latest news: Economy, Business and Finance

Chicken seller's wings clipped after profit fall

Chicken seller's wings clipped after profit fall

Chicken supplier Inghams Group has posted a sharp fall in first-half earnings, after facing cost headwinds while resetting supply chains.

No spirit of Australia in Qantas closures, report finds

No spirit of Australia in Qantas closures, report finds

No spirit of Australia in Qantas closures, report finds

No spirit of Australia in Qantas closures, report finds

The Flying Kangaroo has been criticised for closing three regional bases, with an inquiry finding it risks calling itself a country carrier "in name only".

Telstra gets mobile to send shares to a nine-year high

Telstra gets mobile to send shares to a nine-year high

Telstra gets mobile to send shares to a nine-year high

Telstra gets mobile to send shares to a nine-year high

Telecommunications giant Telstra has beaten expectations with a bumper first-half net profit, driven by strong earnings growth from its mobile division.

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Kmart, Bunnings building as Officeworks stays deskbound

Kmart, Bunnings building as Officeworks stays deskbound

Kmart and Bunnings performed strongly in the first half of 2025/26, owner Wesfarmers says, but another of its well-known chains is lagging.

Insurer's 'failing' health system warning as costs soar

Insurer's 'failing' health system warning as costs soar

Health insurer Medibank Private has lifted its interim bottom-line net profit after the number of Australians taking out policies increased.

Labour pains for borrowers as jobs data hits rate hopes

Labour pains for borrowers as jobs data hits rate hopes

Economists fear two solid jobs readings could push the RBA to inflict more borrowing pain on Australian mortgage-holders.

Billionaire says 'world-class conman' Epstein duped him

Billionaire says 'world-class conman' Epstein duped him

Billionaire businessman Les Wexner says he was foolish to trust "master manipulator" Jeffrey Epstein, as he denied taking part in the abuse of girls and women.

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Retirement question a quarter of Aussies can't answer

Retirement question a quarter of Aussies can't answer

Retirement question a quarter of Aussies can't answer

Retirement question a quarter of Aussies can't answer

Aussie workers risk losing tens of thousands of dollars in retirement savings after research revealed people's stark lack of engagement in their superannuation.

Dodgy online items in consumer watchdog's crosshairs

Dodgy online items in consumer watchdog's crosshairs

Dodgy online items in consumer watchdog's crosshairs

Dodgy online items in consumer watchdog's crosshairs

Forcing giant online marketplaces like Temu and Shein to protect consumers from unsafe products is one of this year's key focuses for the consumer watchdog.

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Inflation does a job on wage growth, adds heat to rates

Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank's next decision on interest rates.

Destructive hailstorms slash insurer firm's bottom line

Destructive hailstorms slash insurer firm's bottom line

Destructive hailstorms slash insurer firm's bottom line

Destructive hailstorms slash insurer firm's bottom line

Suncorp's first-half profit has dropped 76 per cent after the insurer paid $1.3 billion in natural hazard claims, mostly related to two thunderstorms.

Suitors fire up steelmaker takeover with hotter offer

Suitors fire up steelmaker takeover with hotter offer

Suitors fire up steelmaker takeover with hotter offer

Suitors fire up steelmaker takeover with hotter offer

A takeover offer worth $2 billion more than a previous attempt to snare Australia's largest steelmaker is no certainty to be successful.

Premier polishes pitch to lure Trump to Australia

Premier polishes pitch to lure Trump to Australia

Premier polishes pitch to lure Trump to Australia

Premier polishes pitch to lure Trump to Australia

A premier is bidding to bring the United States president to Australia, claiming his state has something Donald Trump wants and needs.

Alcoa slugged millions over illegal forest clearing

Alcoa slugged millions over illegal forest clearing

Alcoa slugged millions over illegal forest clearing

Alcoa slugged millions over illegal forest clearing

Alcoa has agreed to pay $55 million to restore a forest habitat that's home to protected species after clearing it for bauxite mining without approvals.

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Climate 'coming for our coffee' without farm adaptation

The world's "bean belt" is under pressure from extreme heat, drought and pests that are threatening to keep pushing coffee prices higher.

Major builder expects 'chronic undersupply' to continue

Pent-up demand has property group Mirvac optimistic about the outlook for residential housing despite the prospect of higher interest rates.

Powerball owner's unlucky half for jackpots hits profit

The Lottery Corporation says it has delivered a resilient first-half performance, despite a relative lack of jackpots weighing on customer participation.

Bayer offers $10b to settle Roundup cancer US lawsuits

Germany-based Bayer has agreed to a proposed $A10 billion deal to settle thousands of US lawsuits that blame its popular weedkiller Roundup for causing cancer.

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Regional housing market booms, outpacing capital cities

Buyers are turning to regional Australia for housing affordability, but little relief can be found in some of the fastest-growing areas outside the cities.

'Goliath won': Santos fends off greenwashing lawsuit

The defeat of a climate suit against Santos has disappointed activists but opened the public's eyes to how the resources giant developed its net-zero targets.

BHP copper pivot steps up but iron ore headwinds remain

The world's biggest miner has broken operating records across multiple resources in the recent half as it continues to expand its exposure to a key base metal.

Baby store refits delivers 'halo effect' for retailer

Baby Bunting's nine revamped "stores of the future" are delivering the goods, helping the baby goods retailer grow overall same-store sales by 4.7 per cent.

AI digs deep into future of Australian farming sector

Farmers are rapidly adopting autonomous machinery and artificial intelligence to boost efficiency, although the industry needs stronger backing to truly thrive.

'Too high': risk to economy forces RBA's hand on rates

Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.

Steelmaker pledges dividend bonanza, but shares drop

Weeks after rejecting a takeover bid, BlueScope Steel is promising to return more of its profit to shareholders after delivering a rise in first half earnings.

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