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Latest news: Economy, Business and Finance

Treasury says corporate profits not driving inflation

Treasury says corporate profits not driving inflation

Unions and others have pointed the finger at corporate profits as a major driver of inflation, but Treasury is not convinced that argument stacks up.

Mandatory gas code of conduct still being finalised

Mandatory gas code of conduct still being finalised

Mandatory gas code of conduct still being finalised

Mandatory gas code of conduct still being finalised

The mandatory code of conduct for the gas industry is not yet settled as the federal government weighs the risk to investment and fairer prices for consumers.

Battery industry investors wary as plug pulled on grant

Battery industry investors wary as plug pulled on grant

Battery industry investors wary as plug pulled on grant

Battery industry investors wary as plug pulled on grant

A hub for Australian-made materials for the world's electric car batteries is in doubt after the federal government pulled the plug on a $120 million grant.

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Labour hire firm banned from rail projects amid probe

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.

Big banks lending billions to coal, oil, gas companies

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.

Rents to income levels shoot up to near decade highs

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.

Insurers nudged to reward adaption to floods and fires

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".

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Senators to grill RBA boss ahead of June cash rate call

Senators to grill RBA boss ahead of June cash rate call

Senators to grill RBA boss ahead of June cash rate call

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.

AGL has 'time tunnel' to Australia's energy transition

AGL has 'time tunnel' to Australia's energy transition

AGL has 'time tunnel' to Australia's energy transition

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.

Australia-US compact to help keep up with the bad guys

Australia-US compact to help keep up with the bad guys

Australia-US compact to help keep up with the bad guys

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.

Biden says debt deal 'very close' ahead of new deadline

Biden says debt deal 'very close' ahead of new deadline

Biden says debt deal 'very close' ahead of new deadline

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.

'Absolutely crazy' not to electrify everything: Evergen

'Absolutely crazy' not to electrify everything: Evergen

'Absolutely crazy' not to electrify everything: Evergen

'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.

ASX suffers worst week in two months amid US debt drama

ASX suffers worst week in two months amid US debt drama

ASX suffers worst week in two months amid US debt drama

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.

Retail trade plateaus as interest rate rises take toll

Retail trade plateaus as interest rate rises take toll

Retail trade plateaus as interest rate rises take toll

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.

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Road maintenance call for SA budget funding

South Australia's peak motoring group has released its wish list for the upcoming state budget.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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