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Latest news: Economy, Business and Finance

Electric-ready homes could stop default swaps to gas

Electric-ready homes could stop default swaps to gas

Preparing households for the sudden breakdown of fossil-fuelled appliances has been billed as a way to spur more electric purchases.

Cheesed off: Aussie dairy at centre of trade quandary

Cheesed off: Aussie dairy at centre of trade quandary

Cheesed off: Aussie dairy at centre of trade quandary

Cheesed off: Aussie dairy at centre of trade quandary

Australian cheese has become the subject of a long debate in Senate estimates, with concerns producers are not getting a fair slice under the EU trade deal.

Farmers eye yield gains as fertiliser, fuel costs surge

Farmers eye yield gains as fertiliser, fuel costs surge

Farmers eye yield gains as fertiliser, fuel costs surge

Farmers eye yield gains as fertiliser, fuel costs surge

Nufarm shares have soared to a one-year high after the Melbourne-based agribusiness reported a first-half profit increase of 28 per cent to $38 million.

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Banks on notice as Westpac fined for failing clients

Banks on notice as Westpac fined for failing clients

Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.

Treasurer hoses down calls to carve up his tax revamp

Treasurer hoses down calls to carve up his tax revamp

Business groups are urging the federal government to have a major rethink over its capital gains tax measures but Jim Chalmers is remaining steadfast.

Liquor firm cuts back on wine to focus on pubs growth

Liquor firm cuts back on wine to focus on pubs growth

Endeavour Group, which owns Dan Murphy's, BWS, and hundreds of pubs, plans to take $300 million in costs out of the business to support its future growth.

Data centre power concerns spark moratorium call

Data centre power concerns spark moratorium call

A report by Greenpeace has challenged claims Australia's AI-fuelled data centre boom can support rather than undermine the clean energy transition.

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The $180m bill to calculate the Inland Rail blow-out

The $180m bill to calculate the Inland Rail blow-out

The $180m bill to calculate the Inland Rail blow-out

The $180m bill to calculate the Inland Rail blow-out

The man who first pitched Inland Rail wants a quick private sector takeover, as it is revealed consultants were paid $180m to estimate the budget blow-out.

Roberts-Smith arrest leak referred to corruption body

Roberts-Smith arrest leak referred to corruption body

Roberts-Smith arrest leak referred to corruption body

Roberts-Smith arrest leak referred to corruption body

The National Anti-Corruption Commission has been asked to investigate how the media were told of Ben Roberts-Smith's arrest ahead of time.

Global capital eyes $50b water market, raising stakes

Global capital eyes $50b water market, raising stakes

Global capital eyes $50b water market, raising stakes

Global capital eyes $50b water market, raising stakes

International investors are wading into Australia's water market, and while scarcity ensures decent returns, droughts could leave some producers high and dry.

Concern for economic reality of Aboriginal camps

Concern for economic reality of Aboriginal camps

Concern for economic reality of Aboriginal camps

Concern for economic reality of Aboriginal camps

Residents in Aboriginal town camps like the one Kumanjayi Little Baby was allegedly abducted in want better economic security, an inquiry heard.

Liberal, One Nation on attack over discrimination laws

Liberal, One Nation on attack over discrimination laws

Liberal, One Nation on attack over discrimination laws

Liberal, One Nation on attack over discrimination laws

The Liberal and One Nation parties have launched a broadside against the Human Rights Commission over their advocacy for trans Australians.

ASX slips after US strikes Iran but insists deal intact

ASX slips after US strikes Iran but insists deal intact

ASX slips after US strikes Iran but insists deal intact

ASX slips after US strikes Iran but insists deal intact

Financials, utilities and energy stocks have weighed on the local bourse after tensions flared in the Persian Gulf, prompting a tentative trading session.

Governments warned not to hold back AI, tech start-ups

Governments warned not to hold back AI, tech start-ups

Governments warned not to hold back AI, tech start-ups

Governments warned not to hold back AI, tech start-ups

The AI sector is attracting trillions of dollars in investment a year globally - a pool that Australia needs to tap into, a tech entrepreneur says.

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'Surprisingly dehumanising': AI pioneer has boundaries

The head of one of the world's biggest pure-play AI developers says even he's had times when using the groundbreaking technology just wasn't going to happen.

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

Rubio says US will find another way if Iran talks fail

US President Donald Trump is hosing down expectations of an imminent breakthrough in the three-month-old war with Iran.

Australian shares advance on US-Iran deal optimism

Oil prices have started the week sharply lower, boosting risk sentiment and local equities, led by miners, IT stocks and consumer discretionaries.

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MP's messaging account hacked by 'foreign state actor'

Foreign government-sponsored hackers are targeting Australian parliamentarians in what has been described as "a genuine global issue".

Indigenous kids' rights cut after sentencing changes

Indigenous children have been left with no legal representation as the prison population surges, a budget estimates committee has heard.

'Flying blind': why Labor ditched the inland rail route

The $45.6 billion price tag for inland rail was only a modest estimate, prompting the federal government to scrap part of the project amid planning delays.

'Hoarding has stopped': Albanese reveals fuel levels

Australia's fuel supply will be stable until at least July, despite volatility in the oil market due to the Iran war, the prime minister has confirmed.

Forensic experts sift through drone hit dormitory

The final death toll from a drone attack on a teacher training college in the Russian-controlled Ukrainian Luhansk region stands at 21.

Gen Z bombarded by fake crypto trading scams

"If it sounds too good to be true, it probably is", is the advice being given to young people amid a surge in scams involving fake crypto trading platforms.

Power bill relief as energy caps slashed in one state

Cheaper electricity bills are in store for hundreds of thousands of households and small businesses in one state under a lowered benchmark power price.

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