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The Latest News from economy, business and finance

Poorer Aussies feeling pocket pinch with wealth gap

Poorer Aussies feeling pocket pinch with wealth gap

Wealth inequality is exacerbated through housing tax breaks geared toward higher income earners while poorer Australians struggle to pay rent, Anglicare says.

Right to disconnect dials in on wellbeing amid discord

Right to disconnect dials in on wellbeing amid discord

Right to disconnect dials in on wellbeing amid discord

Right to disconnect dials in on wellbeing amid discord

Australians now have a right to disconnect from work after hours but business groups harbour concerns about the new protocols.

Frustrated flyers face long wait for fairer aviation

Frustrated flyers face long wait for fairer aviation

Frustrated flyers face long wait for fairer aviation

Frustrated flyers face long wait for fairer aviation

Passengers could be reimbursed for cancelled or delayed flights under a charter of rights for airline travellers, but the measures are some way in the distance.

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Amazon, Bunnings to face new questions over customers

Amazon, Bunnings to face new questions over customers

Executives from major household brands will front an inquiry into competition practices as the nation's leaders aim to make products cheaper for Australians.

'Significant' changes for troubled forestry industry

'Significant' changes for troubled forestry industry

Victoria and Western Australia have done away with logging their native forests, with NSW the latest state questioning the industry's future.

Nib profit growth misses as claims expenses rise

Nib profit growth misses as claims expenses rise

Health insurance company nib has reported a $257.5 million underlying operating profit and a 9.3 per cent rise in group revenue, to $3.3 billion.

Aussie lithium leader digs in as price slump deepens

Aussie lithium leader digs in as price slump deepens

The world's largest hard-rock lithium producer outside China is preparing to ride out the latest price slump and remains positive about long-term prospects.

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Servo chain slams black market tobacco, wage inflation

Servo chain slams black market tobacco, wage inflation

Servo chain slams black market tobacco, wage inflation

Servo chain slams black market tobacco, wage inflation

Servo operator Viva Energy says cost of living pressures and black market tobacco are hitting stores but posted rising fuel sales and a bigger half-year profit.

Bendigo Bank profit falls but assets still healthy

Bendigo Bank profit falls but assets still healthy

Bendigo Bank profit falls but assets still healthy

Bendigo Bank profit falls but assets still healthy

Regional lender Bendigo and Adelaide Bank says mortgage holders are keeping ahead of repayments and expects conditions to improve for borrowers next year.

Green hydrogen developer pumped as partners ink deal

Green hydrogen developer pumped as partners ink deal

Green hydrogen developer pumped as partners ink deal

Green hydrogen developer pumped as partners ink deal

A development partnership for green hydrogen production at the Port of Brisbane could be a blueprint for refuelling facilities in the eastern states.

Insurance hikes are leaving struggle street unprotected

Insurance hikes are leaving struggle street unprotected

Insurance hikes are leaving struggle street unprotected

Insurance hikes are leaving struggle street unprotected

Natural disasters exacerbated by climate change are resulting in higher home insurance costs with about 1.6 million households now under home insurance stress.

Cost-of-living relief to show up in inflation readout

Cost-of-living relief to show up in inflation readout

Cost-of-living relief to show up in inflation readout

Cost-of-living relief to show up in inflation readout

Economists will dig into the details of the latest consumer price index as temporary energy bill relief pulls the headline figure lower.

Voters step on the gas as NT faces 'turning point'

Voters step on the gas as NT faces 'turning point'

Voters step on the gas as NT faces 'turning point'

Voters step on the gas as NT faces 'turning point'

Election day is on in the Northern Territory where green groups, tourism operators and doctors fear an industrial expansion will harm residents and wildlife.

CFMEU administrator vows 'zero tolerance' on corruption

CFMEU administrator vows 'zero tolerance' on corruption

CFMEU administrator vows 'zero tolerance' on corruption

CFMEU administrator vows 'zero tolerance' on corruption

The CFMEU will undertake "vital" advocacy for its members and have zero tolerance for corruption, the troubled union's newly-appointed administrator says.

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Climate disclosure for companies to support investment

The largest companies and financial institutions must account for climate and nature-based risks from January, which experts say will support investment.

Door opens for long-delayed Reserve Bank reforms

The federal treasurer has shifted on key opposition demands in order to secure support for changes to modernise and strengthen the Reserve Bank.

Economic lifeline for energy workers as plants close

Workers at coal and gas-fired power plants that are set for closure will be offered a raft of support including paid retraining and redeployment under new laws.

Customers cut health insurance in cost-of-living crisis

Financial pressures and stiff competition have limited the number of Australian customers signing up to health insurance policies.

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Older and youngest workers vulnerable if hiring stalls

A weaker labour market is felt unevenly by different industries and demographics, with older workers and those new to the workforce most at risk.

Japan's steel giants dig deep for Australian coal

Production at one of Australia's biggest coal mines could be extended beyond 50 years under joint venture deals, with the buyers warned to brace for backlash.

Blocked goldminer 'shattered' by rising sovereign risk

Regis Resources will fight a federal block on a $1 billion gold project it says has cost almost 1000 jobs and sours Australia's reputation as a place to invest.

Super on parental leave to reduce 'motherhood penalty'

Parents will get an extra $3000 in their super balance while on government-funded paid parental leave under laws introduced to federal parliament.

Gen X, older millennials ride housing boom to the bank

Older millennials and generation X are among the biggest winners from Australia's real estate boom as profits from sales hit their highest level in 10 years.

Santos drilling for gas demand well into the future

Oil giant Santos is juggling capital-intensive projects, including the hotly contested Narrabri field in NSW, as rising costs and lower LNG prices hit profits.

Domino's shares sliced as Asia fails to make dough

Pizza chain Domino’s has reported softer-than-expected growth in sales and earnings, but is intent on restarting its growth plans after completing cost-cutting.

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