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Latest news: Economy, Business and Finance

Worker influx could aid 'softest of economic landings'

Worker influx could aid 'softest of economic landings'

A surge in new workers since Australia's borders reopened in 2021 could help deliver a gentle economic landing by taking heat out of the economy's supply side.

Pilbara Minerals 'throttle jammed wide open' on lithium

Pilbara Minerals 'throttle jammed wide open' on lithium

Pilbara Minerals 'throttle jammed wide open' on lithium

Pilbara Minerals 'throttle jammed wide open' on lithium

An early mover is reaping the benefits of the global race for battery minerals supplies, with a strong June quarter and another strategic partner in the wings.

Call for fed target to join race to build offshore wind

Call for fed target to join race to build offshore wind

Call for fed target to join race to build offshore wind

Call for fed target to join race to build offshore wind

Australia has been urged to set a national offshore wind target and build a local supply chain if it wants to have the energy source in its low-carbon arsenal.

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Call to help coal, oil and gas workers cope with change

Call to help coal, oil and gas workers cope with change

Workers made obsolete in the push from coal, oil and gas to clean energy should receive individual career support packages, a business-backed think tank says.

Top bureaucrat lands job of helping the nation prosper

Top bureaucrat lands job of helping the nation prosper

A top-level recruit has been handed the task of boosting Australia's flagging productivity growth, but the opposition has already questioned his links to Labor.

Brutal reality of Australia's housing crisis laid bare

Brutal reality of Australia's housing crisis laid bare

More Australians are missing out on the dream of a home with four in five renters in housing stress, a national housing campaign report reveals.

Inflation results key to Reserve Bank rates decision

Inflation results key to Reserve Bank rates decision

The latest inflation data will be crucial to where the Reserve Bank takes interest rates at its board meeting in August.

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World-first clean energy deal taps deep local knowledge

World-first clean energy deal taps deep local knowledge

World-first clean energy deal taps deep local knowledge

World-first clean energy deal taps deep local knowledge

With traditional owners already responsible for looking after country, it makes sense they're at the heart of a $3 billion East Kimberley clean energy deal.

Gas lobby ad found misleading for 'cleaner' claims

Gas lobby ad found misleading for 'cleaner' claims

Gas lobby ad found misleading for 'cleaner' claims

Gas lobby ad found misleading for 'cleaner' claims

Australia's peak oil and gas lobby has modified its latest ad campaign after its claim gas was "cleaner" breached industry standards.

Inflation debate makes RBA rates call a coin toss

Inflation debate makes RBA rates call a coin toss

Inflation debate makes RBA rates call a coin toss

Inflation debate makes RBA rates call a coin toss

Treasurer Jim Chalmers says the latest jobs figures are a good surprise, despite fears the unemployment rate could lead to more pain for mortgage holders.

Funding gap means growing pains for Australian unicorns

Funding gap means growing pains for Australian unicorns

Funding gap means growing pains for Australian unicorns

Funding gap means growing pains for Australian unicorns

Australian technology startups are challenging Silicon Valley ventures for investment but need changes to education and funding to take on big firms.

Strong jobs market keeps pressure on interest rates

Strong jobs market keeps pressure on interest rates

Strong jobs market keeps pressure on interest rates

Strong jobs market keeps pressure on interest rates

The resilience of the jobs market continues to beat expectations and could be bad news for mortgage holders hoping for another pause on interest rate rises.

Fears Coles milk buyout could sour market for farmers

Fears Coles milk buyout could sour market for farmers

Fears Coles milk buyout could sour market for farmers

Fears Coles milk buyout could sour market for farmers

There are concerns that a Coles plan to buy two milk processing plants will give the supermarket giant greater power and bargaining influence on the market.

Carbon, clean energy needs underpin Aust-Singapore ties

Carbon, clean energy needs underpin Aust-Singapore ties

Carbon, clean energy needs underpin Aust-Singapore ties

Carbon, clean energy needs underpin Aust-Singapore ties

An investor forum in Singapore is examining ways to support global climate ambitions, sustainable development and a pipeline of Australian renewable energy.

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BHP faces cost pressures, warns of economic volatility

BHP has posted a strong fourth quarter with annual production records at Western Australia iron ore, Olympic Dam and Spence, but warns of uncertain times.

First home buyers saving more despite soaring costs

The average time it takes to buy a first home has been cut as thrifty savers defy cost-of-living pressures and manage to put more money away towards a deposit.

More people using buy now pay later services for basics

A new survey has revealed more financial counselling clients are using buy now pay later services to purchase items such as groceries and fuel.

Rental rises tipped to slow as housing market cools off

Vacancy rates have already started to ease and price growth has begun to slow with analysts tipping further tempering in the market for rental homes.

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Call for energy investors to make most of 'golden age'

Energy investors have been urged to take advantage of Australia's golden age in climate policy, with "crazy, science-denying" naysayers waiting in the wings.

Outlook for economic activity slightly more upbeat

Australia's economic growth is still tracking towards lower-than-usual performance despite future-looking indicators showing a glimmer of improvement.

AI offers Australia big economic opportunity: Microsoft

Generative artificial intelligence is expected to add as much as $115 billion to the Australian economy annually, tech industry modelling has found.

Economic slump fears gave Reserve Bank reason for pause

The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.

Clean energy gets dirty as politics of transition flare

Federal Climate Minister Chris Bowen has taken a swing at his political opponents, claiming a "cabal of climate denial" runs policy in the federal opposition.

Property giant Lendlease to lay off 740 employees

ASX-listed real estate company Lendlease says it will trim its workforce globally by 10 per cent, with five per cent of its Australian staff to lose their jobs.

Staff want meaningful tasks to fill time saved by tech

Employees want to spend the time saved by AI and automation on meaningful work instead of "demonstrative" meetings and emails just to prove they are on the job.

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