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Latest news: Economy, Business and Finance

Woodside boss quits to become BP's first female chief

Woodside boss quits to become BP's first female chief

The leader of Australia's biggest oil and gas company has resigned to become the first woman to lead oil giant BP in the company's 116-year history.

Net migration falls as 'values' debate heats up

Net migration falls as 'values' debate heats up

Net migration falls as 'values' debate heats up

Net migration falls as 'values' debate heats up

Australia's net overseas migrant intake dropped last financial year but is unlikely to fall as far as government forecasts for coming years.

Regional bank pinged over money laundering guardrails

Regional bank pinged over money laundering guardrails

Regional bank pinged over money laundering guardrails

Regional bank pinged over money laundering guardrails

Regulatory action is being taken against a major regional bank after it self-reported suspected money laundering in its operations.

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New Zealand's GDP rollercoaster continues with Q3 lift

New Zealand's GDP rollercoaster continues with Q3 lift

New Zealand enjoyed a much-needed 1.1 per cent boost to GDP in the September quarter, fuelled by tourism, dairy and manufacturing.

Oscars to move to free streaming on YouTube in 2029

Oscars to move to free streaming on YouTube in 2029

The Academy of Motion Picture Arts and Sciences has announced the Oscars will quit its links with a US broadcaster and move to YouTube in 2029.

Dishing the public dosh to force RBA's hand on rates

Dishing the public dosh to force RBA's hand on rates

With the government unlikely to restrain public spending, the Reserve Bank will have to lift rates in 2026 to keep inflation under control, economists say.

Warner Bros board rejects rival bid from Paramount

Warner Bros board rejects rival bid from Paramount

A Paramount bid for Warner Bros Discovery lacks adequate financing assurances, the Warner Bros board says.

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Budget takes $8.2b hit thanks to black market tobacco

Budget takes $8.2b hit thanks to black market tobacco

Budget takes $8.2b hit thanks to black market tobacco

Budget takes $8.2b hit thanks to black market tobacco

The treasurer has flagged more funding to root out illicit tobacco syndicates but refused to lower the excise burning a hole in the federal budget.

Chalmers spins battery blowout into budget savings

Chalmers spins battery blowout into budget savings

Chalmers spins battery blowout into budget savings

Chalmers spins battery blowout into budget savings

Clever accounting has been used by the treasurer to claim the government's policy decisions improved the budget bottom line for the first time in eight years.

Science funding boost amid 'aggressive' CSIRO job cuts

Science funding boost amid 'aggressive' CSIRO job cuts

Science funding boost amid 'aggressive' CSIRO job cuts

Science funding boost amid 'aggressive' CSIRO job cuts

The national science agency that invented wi-fi has received a substantial budget commitment but the union representing its workers says the sum is not enough.

Penfolds owner's earnings sour on China 'grey' wine woe

Penfolds owner's earnings sour on China 'grey' wine woe

Penfolds owner's earnings sour on China 'grey' wine woe

Penfolds owner's earnings sour on China 'grey' wine woe

Shares in Penfolds owner Treasury Wine Estates plunged after it pointed to a fall in earnings due to problems in China and the US.

Warner Bros set to reject Paramount bid, back Netflix

Warner Bros set to reject Paramount bid, back Netflix

Warner Bros set to reject Paramount bid, back Netflix

Warner Bros set to reject Paramount bid, back Netflix

There's been another twist in the race for assets that include Warner Bros' storied film and TV studio and ‌its extensive film and television library.

Plea for spending cuts as banks tip interest rate hikes

Plea for spending cuts as banks tip interest rate hikes

Plea for spending cuts as banks tip interest rate hikes

Plea for spending cuts as banks tip interest rate hikes

Half of Australia's big four banks are tipping the Reserve Bank to hike interest rates at its next meeting as inflation is pushed outside the target zone.

Business chief urges action on racism, anti-Semitism

Business chief urges action on racism, anti-Semitism

Business chief urges action on racism, anti-Semitism

Business chief urges action on racism, anti-Semitism

The outgoing chair of one of the world's biggest commercial explosives makers has pointed to the Bondi massacre as an example of the need to "contain" racism.

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U-turn: Ford takes $US19.5b hit, retreats from EVs

Ford is backing away from plans to manufacture large electric vehicles, citing lacklustre demand.

Aussies skipping dental, medical care to afford rent

The housing crisis is changing the way Australians live with many revealing "heartbreaking" stories of struggle as they skip on the basics to make ends meet.

ASX shares slide to seven-year low after damning report

ASX Limited shares have fallen to their lowest level since 2018 after the market regulator said it would require it to hold another $150 million in capital.

Budget blowout 'modest' for Australia's Olympic hosts

The mid-year budget report card has revealed a "modest" budget blowout as one state continues counting down to the 2032 Olympic Games.

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Savings found in budget update as blowouts add up

Treasurer Jim Chalmers has revealed billions of dollars in savings as other projects in the budget blow out amid "grave" concerns over its bottom line.

Price gouging ban will drive up costs: supermarkets

Lower grocery bills are being promised with a price gouging ban but supermarket giants and retailers say shoppers will be the ones to bear the brunt of costs.

Problem-plagued toll road opens after decade of delays

A long-awaited tunnel project promising to ease congestion in one of Australia's biggest cities has officially opened after cost blowouts and lengthy delays.

Budget update to reveal Australia's fiscal fortunes

The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

'Smash-hit' battery scheme topped up, subsidies trimmed

Government backing for home batteries will be dialled back for larger systems in a move intended to make the scheme sustainable and open to more households.

Urban sprawl fuels deadly fire risks on city outskirts

Modern houses are being built to better withstand fires, but an urban planner warns missteps are still being made in street and city design.

Smelter's future secured but cost to taxpayers unclear

Australia's largest aluminium smelter has been handed a government lifeline to ensure it keeps running beyond 2028 amid spiralling energy costs.

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