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Latest news: Economy, Business and Finance

Pilbara Minerals upgrades to million-plus tonnes a year

Pilbara Minerals upgrades to million-plus tonnes a year

Lithium producer Pilbara Minerals has wowed peers with a resource upgrade but urges the sector to reduce carbon and waste as the clean energy race accelerates.

Australia gets wake-up call on materials manufacturing

Australia gets wake-up call on materials manufacturing

Australia gets wake-up call on materials manufacturing

Australia gets wake-up call on materials manufacturing

Australia must ramp up its ability to make the materials and components needed for big renewable energy projects coming down the pipeline, industry heads say.

Consumer confidence in the spotlight this week

Consumer confidence in the spotlight this week

Consumer confidence in the spotlight this week

Consumer confidence in the spotlight this week

A peak inside the minds of consumers, courtesy of two major surveys due this week, will reveal how households are faring as the economic challenges mount.

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WA Labor 'still considering' cultural heritage laws

WA Labor 'still considering' cultural heritage laws

A senior West Australian minister has refused to be drawn on whether the state government will dump its controversial Aboriginal cultural heritage laws.

Economy to limp along as rate hikes sting households

Economy to limp along as rate hikes sting households

The latest set of forecasts from the Reserve Bank paints a more downbeat picture of Australia's growth through to the end of the year.

Clean energy and 'green' cotton sprout from seed money

Clean energy and 'green' cotton sprout from seed money

Decarbonising cotton has begun in the NSW Gwydir Valley as an agribusiness sows the seed for customers to trace products from the paddock to the shopping bag.

Insurance costs, claims under microscope after floods

Insurance costs, claims under microscope after floods

Insurance affordability and the handling of claims after devastating floods in several states in 2022 will be examined in a parliamentary hearing.

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Retailers buckle up as households keep tightening belts

Retailers buckle up as households keep tightening belts

Retailers buckle up as households keep tightening belts

Retailers buckle up as households keep tightening belts

Retail trade in volume terms fell for the third quarter in a row, the first time this has occurred since the global financial crisis.

Manufacturing Australia's answer to the climate crisis

Manufacturing Australia's answer to the climate crisis

Manufacturing Australia's answer to the climate crisis

Manufacturing Australia's answer to the climate crisis

Renewable energy can spark an industrial turnaround, but Australia risks continuing to serve as the world's "quarry" at the current pace of change, experts say.

Vehicle sales motor to new high as supply issues ease

Vehicle sales motor to new high as supply issues ease

Vehicle sales motor to new high as supply issues ease

Vehicle sales motor to new high as supply issues ease

Booming vehicle sales have set monthly records as one sector and manufacturer continue to dominate the market.

Prices surge for insurance, food and housing

Prices surge for insurance, food and housing

Prices surge for insurance, food and housing

Prices surge for insurance, food and housing

Workers are at the coalface of the cost of living crisis as they fork out for more expensive goods and services and higher mortgage repayments.

Big business group warns of 'anti-productivity' reforms

Big business group warns of 'anti-productivity' reforms

Big business group warns of 'anti-productivity' reforms

Big business group warns of 'anti-productivity' reforms

Business groups are sharpening their attack on the government's workplace reforms, with the Ai Group concerned the changes will hamper productivity.

Greens, Pocock stare down Treasury on proposed gas tax

Greens, Pocock stare down Treasury on proposed gas tax

Greens, Pocock stare down Treasury on proposed gas tax

Greens, Pocock stare down Treasury on proposed gas tax

A proposal to raise more revenue from oil and gas companies faces a senate battle as crossbenchers team up to push the government to go further with the tax.

Health system 'unprepared' for next climate disaster

Health system 'unprepared' for next climate disaster

Health system 'unprepared' for next climate disaster

Health system 'unprepared' for next climate disaster

Doctors are warning Australian governments to be better prepared for the next climate disaster, with hotter days and increased fire danger likely this summer.

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Soft landing tipped for economy as RBA trims inflation

The Reserve Bank says the economy can avoid a recession as inflation falls and unemployment rises, but there are a number of risks.

Borrowers spared further pain as RBA stays on hold

The Reserve Bank has kept the cash rate on hold for a second month in a move that has some experts speculating the hiking cycle might be over.

Company director tried to rig National Gallery tender

The competition watchdog is seeking penalties after a company director tried to engage in cartel conduct over a National Gallery of Australia tender.

Offshore gas tax intact as sector seeks bipartisanship

The oil and gas industry is calling for coalition support for a key budget measure to end a crossbench campaign to double the hike in taxes on offshore fields.

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Home price rebound loses some of its bounce

A batch of housing data reveals a soaring property market losing some of its momentum, lower housing lending and more weakness in building approvals.

Million-dollar fines for tax leaks after PwC scandal

Consultancy firms and other companies will face penalties of up to $5.5 million under a NSW bill aimed at preventing leaks of confidential tax information.

Australia's answer to Silicon Valley are tech clusters

Top tech innovators are scattered through 96 "tech clusters", a report reveals, including four major hubs expected to create the jobs of tomorrow.

Rare earths supply chain deal to usurp China's monopoly

Rare earths from Western Australia will be processed in Texas for defence and industrial needs under an updated contract with the United States government.

Low prices make Lynas production record less magnetic

Less demand for minerals used in electric cars and industrial magnets have taken the shine off a June quarter production record for rare earths leader Lynas.

Mixed quarter for Origin with Eraring's future unknown

No decision has been taken by Origin Energy on keeping coal-fired power station Eraring running for longer, but some say it's not needed to keep the lights on.

Close interest rate call looms as signs point to hold

It's unlikely to be an easy decision for the Reserve Bank, but most pundits expect the central bank to keep the cash rate on hold at its next board meeting.

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