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Latest news: Economy, Business and Finance
Labour hire firm banned from rail projects amid probe
A company at the centre of Victoria’s Big Build scandal has been suspended from rail projects by network operator Metro Trains.
May 29, 2023
Big banks lending billions to coal, oil, gas companies
Australia’s big four banks have been accused of exploiting loopholes in their own climate lending policies to sink billions into fossil fuel expansion.
May 29, 2023
Rents to income levels shoot up to near decade highs
Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.
May 29, 2023
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Insurers nudged to reward adaption to floods and fires
The assistant treasurer says the failure to incentivise climate-resilience measures with cheaper insurance premiums is "bad economics".
May 29, 2023
Senators to grill RBA boss ahead of June cash rate call
The top line items for Australian economy observers this week include the central bank governor's appearance at a committee hearing and monthly inflation data.
May 28, 2023
AGL has 'time tunnel' to Australia's energy transition
The energy transformation is playing out on a small island in South Australia's industrial heartland, where one of the biggest emitters is shaping the future.
May 27, 2023
Australia-US compact to help keep up with the bad guys
The sharing of artificial intelligence and encryption technology will part of Australia's deeper relationship with the US under an industrial-scale pact.
May 27, 2023
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Biden says debt deal 'very close' ahead of new deadline
US President Joe Biden is expressing optimism about reaching a deal on the country's debt ceiling, while the default deadline has been extended by four days.
May 27, 2023
'Absolutely crazy' not to electrify everything: Evergen
Australians could make electrons more valuable and useful by controlling when an electric car is charging or the hot water system turns on.
May 26, 2023
ASX suffers worst week in two months amid US debt drama
The Australian share market has finished up 0.2 per cent for the day, but closed the week down 1.7 per cent after losses from Monday to Thursday.
May 26, 2023
Retail trade plateaus as interest rate rises take toll
Australians are reining in their spending, although the unusually fierce start to winter weather prompted many to splash out on new warm clothes.
May 26, 2023
Road maintenance call for SA budget funding
South Australia's peak motoring group has released its wish list for the upcoming state budget.
May 26, 2023
New government unit to save millions on consultants
The federal government has set up a new unit to check government programs are delivering as promised, that could save millions in private consultancy fees.
May 26, 2023
Cost hikes and delays for NSW renewable energy zones
The two renewable energy zones that account for the bulk of the new generation power capacity in NSW will be delayed by up to two years, the government says.
May 25, 2023
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Economic momentum starting to ebb across all states
All states and territories are experiencing worsening economic performance led by a slowdown in consumption and home building activity.
May 25, 2023
Higher power bills to 'drive Victorians to poverty'
The Essential Services Commission has put forward its final default offer for Victoria, leaving more residents and businesses out of pocket.
May 25, 2023
SA urged to bid for UN climate change conference
Business SA has urged the state government to consider bidding to host the world's leading climate change conference.
May 25, 2023
Albanese, Modi seek to score runs on migration, energy
Prime Minister Anthony Albanese and Indian counterpart Narendra Modi have agreed to work together on people-to-people links and clean energy.
May 24, 2023
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PwC referred to police over confidential disclosure
PwC has been referred to police by the Treasury Secretary after it shared confidential government policy to try and drum up business.
May 24, 2023
Mining ready to ride boom with $2 trillion up for grabs
Mining bosses are confident they can meet the demands of the clean energy boom without making emissions worse, with new incentives to "turbocharge" prosperity.
May 24, 2023
Last day for grads to dodge huge HECS debt hike
Australians are being urged to pay off as much student debt as they can ahead of May 25, before rising inflation causes HELP loan balances to skyrocket.
May 24, 2023
Labor says gig worker reforms won't capture tradies
A fight is brewing over the Albanese government's next crop of workplace reforms as the business community starts sounding alarm bells.
May 24, 2023
'No jobs in the bush' myth busted but housing critical
The regional jobs market is booming at three times the metropolitan rate but the lack of housing, health care and education remains a major barrier.
May 24, 2023
All signs point to lower economic growth than usual
The national economy is tracking toward a contraction in activity, with the patchy performance expected to continue into next year.
May 24, 2023
Woolies ice-cream sandwiches recalled over metal risk
Woolworths is recalling its WW Cookies & Cream Classic Ice Cream Sandwiches after metal was found inside.
May 24, 2023
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