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Latest news: Economy, Business and Finance

Steel, iron ore at 'major crossroads' for decarbonising

Steel, iron ore at 'major crossroads' for decarbonising

If the steel sector was a country it would be the third-largest emitter and the second-largest coal consumer, which makes Australia critical to climate change.

Truck drivers protest at Aldi over safety standards

Truck drivers protest at Aldi over safety standards

Truck drivers protest at Aldi over safety standards

Truck drivers protest at Aldi over safety standards

Transport workers are protesting at Aldi stores as the union says the German supermarket giant is putting drivers under pressure.

Sydney flush with first biomethane injected to gas grid

Sydney flush with first biomethane injected to gas grid

Sydney flush with first biomethane injected to gas grid

Sydney flush with first biomethane injected to gas grid

Organic matter from Sydneysiders' toilets is being transformed into biomethane and injected into the gas grid from a pilot plant in the city's south-east.

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'Goodwill on both sides' key to EU trade deal: Farrell

'Goodwill on both sides' key to EU trade deal: Farrell

Trade Minister Don Farrell says there's been some movement on the main impediments to Australia's free trade deal with the European Union.

US central bank Federal Reserve leaves rates unchanged

US central bank Federal Reserve leaves rates unchanged

The US central bank has kept interest rates unchanged in a decision that snaps a string of 10 consecutive rate hikes from the Federal Reserve.

Gas code promises secure supply at 'reasonable' prices

Gas code promises secure supply at 'reasonable' prices

A code of conduct will be imposed on gas producers to avert future price shocks for consumers but the industry fears it could stymie investment in new supply.

Reserve Bank underpaid almost 1200 staff

Reserve Bank underpaid almost 1200 staff

Some 1200 staff of the Reserve Bank missed out on wages they were entitled to due to an error calculating payments for leave.

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Consumer confidence plunges to another three-year low

Consumer confidence plunges to another three-year low

Consumer confidence plunges to another three-year low

Consumer confidence plunges to another three-year low

The latest interest rate rise has knocked consumers around and caused sentiment to sink closer to levels last seen at the start of the pandemic.

Health spending boost as SA budget slides into the red

Health spending boost as SA budget slides into the red

Health spending boost as SA budget slides into the red

Health spending boost as SA budget slides into the red

South Australia's finances have taken a hit but the government has pressed on with extra health spending ahead of Thursday's state budget.

Big battery opens at retired coal-fired power site

Big battery opens at retired coal-fired power site

Big battery opens at retired coal-fired power site

Big battery opens at retired coal-fired power site

A battery system able to store an hour of power from 30,000 solar homes has opened at a former Victorian coal-fired power station site in an Australian first.

Ex-Labor minister to head new net-zero agency

Ex-Labor minister to head new net-zero agency

Ex-Labor minister to head new net-zero agency

Ex-Labor minister to head new net-zero agency

Former Labor climate change minister Greg Combet will chair the agency tasked with smoothing out any bumps in the transition to renewable energy sources.

Green bonds to fund car-charging network, clean energy

Green bonds to fund car-charging network, clean energy

Green bonds to fund car-charging network, clean energy

Green bonds to fund car-charging network, clean energy

State governments are leading the way for Australian green bonds with the latest issuance to fund an electric car charging network, wind farms and rebates.

Solar economics compelling as costs fall, installs rise

Solar economics compelling as costs fall, installs rise

Solar economics compelling as costs fall, installs rise

Solar economics compelling as costs fall, installs rise

The world could hit 1000 gigawatts of solar installations per year by 2030 with the global solar boom tipped to keep accelerating and benefiting Australians.

Federal inquiry backs carbon imports for capture

Federal inquiry backs carbon imports for capture

Federal inquiry backs carbon imports for capture

Federal inquiry backs carbon imports for capture

Australia could be at the forefront of carbon storage for the region given its geology, industry experience and demand from trading partners, an inquiry finds.

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Storm clouds gather as growth outlook weakens

A key indicator for future economic activity has sunk to levels only seen during periods of extreme economic stress such as the pandemic.

Gas boss calls for 'honest dialogue' on energy change

Gas incumbents are digging in for their share of future power, while other industry leaders warn the energy transition is at risk amid delays on transmission.

PM's vision for a renewable energy superpower nation

Australia must break new ground and grab opportunities with both hands, the prime minister has declared in a major speech, stressing renewable energy uptake.

Soaring financial advice costs in Labor's line of sight

The Labor government plans to bring down the cost of sky-high financial advice that is locking consumers out of the valuable service.

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Rio Tinto deepens pact with world's biggest steelmaker

Rio Tinto is stepping up its work with the world's biggest steelmaker in China and Australia to cut pollution when turning iron ore into steel.

Insurance issue flagged before Porter Davis collapse

A Victorian working group identified a number of short-term measures to fix the construction industry months before Porter Davis went into liquidation.

Greens refine demands on $10 billion housing fund

Negotiations continue over the federal housing fund with the Greens urging Labor to meet them halfway to secure the party's support.

Housing affordability, access, top concerns amid crisis

Gaining access to adequate housing has become harder in most states and territories, with the exception of Victoria.

Labor, Greens fail to break stalemate on housing fund

A deal is yet to be brokered on the contentious housing future fund, which will unlock finance for public housing, ahead of the upcoming sitting fortnight.

Carbon storage dump for global exhaust supports new gas

Carbon-constrained gas firms will trap and store emissions to support new fields, with regulatory support from federal Labor and a carbon credit revenue stream.

Rate outlook 'could trigger another property downturn'

Interest rate rise number 12, and the possibility of more to come, could take some heat out of the rebounding property market.

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