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Latest news: Economy, Business and Finance

China agreed to co-operate on jet fuel exports: Wong

China agreed to co-operate on jet fuel exports: Wong

Foreign Minister Penny Wong says countries need to work together "to keep fuel and goods flowing" during a visit to China.

Bill hikes loom as shrinking gas pool pays for network

Bill hikes loom as shrinking gas pool pays for network

Bill hikes loom as shrinking gas pool pays for network

Bill hikes loom as shrinking gas pool pays for network

A national electrification blueprint targeting no gas in new homes by 2028 and all-electric housing by 2050 has been pitched to evade network death spiral.

ASX continues slide as inflation points to rate hike

ASX continues slide as inflation points to rate hike

ASX continues slide as inflation points to rate hike

ASX continues slide as inflation points to rate hike

Resurgent inflation has increased the odds the Reserve Bank hiking the cash rate at its next meeting, with ongoing price growth to drag on company earnings.

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Push for leaders to see climate as gender issue

Push for leaders to see climate as gender issue

Global leaders are urged to consider the climate and gender equality crises as one and the same as women and girls bear the brunt of climate change impacts.

'Deeply concerning': childcare centre closures attacked

'Deeply concerning': childcare centre closures attacked

An embattled childcare group rocked by abuse allegations against one of its workers is closing down dozens of centres.

Worse to come as oil crisis adds fuel to rate-pain fire

Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

Online safety leader stares down abuse, death threats

Online safety leader stares down abuse, death threats

Australia's eSafety commissioner has endured significant online threats since implementing the social media ban, but says they only encourage her to "dig in".

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Not OK to 'loot a charity,' Musk says at OpenAI trial

Not OK to 'loot a charity,' Musk says at OpenAI trial

Not OK to 'loot a charity,' Musk says at OpenAI trial

Not OK to 'loot a charity,' Musk says at OpenAI trial

Elon Musk has told a court his lawsuit, which could reshape the development of artificial intelligence, is about defending the institution of charitable giving.

Banks to reveal how Iran conflict has affected earnings

Banks to reveal how Iran conflict has affected earnings

Banks to reveal how Iran conflict has affected earnings

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

United Arab Emirates quits OPEC in blow to oil cartel

United Arab Emirates quits OPEC in blow to oil cartel

United Arab Emirates quits OPEC in blow to oil cartel

United Arab Emirates quits OPEC in blow to oil cartel

The United Arab Emirates says it is withdrawing from OPEC, stripping the oil cartel of one of its largest producers.

Tech 'perfect storm' needs ambitious online safety plan

Tech 'perfect storm' needs ambitious online safety plan

Tech 'perfect storm' needs ambitious online safety plan

Tech 'perfect storm' needs ambitious online safety plan

Online safety advocates say a global push from governments is required to ensure tech companies design their products with the safety of citizens in mind.

ASX extends losses as Gulf worries buoy oil prices

ASX extends losses as Gulf worries buoy oil prices

ASX extends losses as Gulf worries buoy oil prices

ASX extends losses as Gulf worries buoy oil prices

Investor sentiment remains under pressure after weeks of earnings downgrades and the Middle East energy crisis weighing on hopes of future economic growth.

Turning wine into fuel could bolster local supplies

Turning wine into fuel could bolster local supplies

Turning wine into fuel could bolster local supplies

Turning wine into fuel could bolster local supplies

More than 350 million bottles of wine are gathering dust in Australian storage, and industry figures have an ingenious plan to stop them heading for the bin.

Aussie travellers on the go as Asian airport hubs shine

Aussie travellers on the go as Asian airport hubs shine

Aussie travellers on the go as Asian airport hubs shine

Aussie travellers on the go as Asian airport hubs shine

Australians still have the travel bug, despite the uncertain geopolitical environment created by the Middle East crisis, according to our busiest airport.

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Canaries in AI coalmine still chirping, jobs data shows

A forum bringing together government, unions and business groups will discuss how to ensure workers and employers both benefit from artificial intelligence.

'Manosphere' rise requires new gender equality approach

Gender equality activists have gathered for a landmark conference aimed at charting a new way forward as anti-rights movements gain traction.

ASX trims losses on reports Iran offers olive branch

A potential deal to reopen a key oil transit route has counterbalanced dwindling market sentiment, but major uncertainty and investor caution persist.

Impact on inflation from fuel price hike to be revealed

The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost - with home-buyers watching closely.

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'Committee of doers' stare down climate root cause

More than 50 countries, Australia included, are assembling for a first-ever conference dedicated to drafting the final chapter of the fossil fuels story.

ASX logs second week of losses as banks, miners weigh

With no end in sight to the Middle East conflict, investor confidence is fading as soaring energy prices and inflation expectations hammer risk sentiment.

Watchdog puts bite on 'finfluencers' deceiving Gen Z

The financial services watchdog has sent warnings to social media accounts providing deceitful advice on platforms used by two thirds of young Australians.

Extra diesel shipments prioritised for regional areas

Two additional cargo ships of diesel will come into Australia, bringing in 100 million litres of supply after deals struck with two major fuel companies.

Warner Bros shareholders approve Paramount merger

Warner Bros Discovery stakeholders have agreed to a multi-billion dollar takeover by media giant Paramount Skydance.

Rinehart could be ordered to give documents to rivals

Australia's richest person, Gina Rinehart, might have to open her company books for two rival mining dynasties after a bitter legal feud over iron ore riches.

Oil and gas giant feels the heat from climate activists

Shareholders have jeered as protesters concerned about the environment repeatedly disrupted a meeting hosted by Australia's biggest oil and gas company.

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