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The Latest News from economy, business and finance

Coalition smacked over 'not-so-super' home-buyer plan

Coalition smacked over 'not-so-super' home-buyer plan

Letting people use their super funds to buy their first home under a coalition policy would force up rents and housing prices, according to industry members.

Half of under-40s expect to help parents in retirement

Half of under-40s expect to help parents in retirement

Half of under-40s expect to help parents in retirement

Half of under-40s expect to help parents in retirement

Many young people think they will need to help their parents financially as they age, fresh surveying suggests.

The surprise state topping Australia's economic ladder

The surprise state topping Australia's economic ladder

The surprise state topping Australia's economic ladder

The surprise state topping Australia's economic ladder

South Australia has retained its title as the nation's top economy for the third consecutive time in CommSec's latest State of the States report.

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Wake-up call on energy transition as voters switch off

Wake-up call on energy transition as voters switch off

Cost of living pressures are causing many voters to question the impact on their household finances of going all-in on renewable energy, according to a poll.

Pivotal inflation print to set scene for rates call

Pivotal inflation print to set scene for rates call

Eyes will be fixed on quarterly inflation data which could land hot enough to trigger a rate hike at a time when other advanced economies are talking cuts.

World's biggest renewable energy micro-grid suspended

World's biggest renewable energy micro-grid suspended

An off-grid plan to transform one of the world's most energy-intensive industries is a casualty of BHP's decision to mothball its Australian nickel operations.

EU shifts $2.5b from frozen Russian assets to Ukraine

EU shifts $2.5b from frozen Russian assets to Ukraine

The European Union will transfer 1.5 billion euros in proceeds from frozen Russian assets "to the defence and reconstruction of Ukraine".

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Warning to Aussie firms on mandatory climate reporting

Warning to Aussie firms on mandatory climate reporting

Warning to Aussie firms on mandatory climate reporting

Warning to Aussie firms on mandatory climate reporting

A survey of climate change strategies and disclosures of Australia's top 200 companies has found their plans need to be credible and backed by science.

Newspaper reporters strike over pay as Olympics loom

Newspaper reporters strike over pay as Olympics loom

Newspaper reporters strike over pay as Olympics loom

Newspaper reporters strike over pay as Olympics loom

Reporters covering the Paris Olympics for the Nine newspapers will join colleagues across Australia in going on strike over pay and conditions.

As Canada cuts rates, RBA doves come home to roost

As Canada cuts rates, RBA doves come home to roost

As Canada cuts rates, RBA doves come home to roost

As Canada cuts rates, RBA doves come home to roost

After hitting inflation hard and early, the Bank of Canada is already cutting rates while their dovish Australian counterparts contemplate another rate hike.

Macquarie reports subdued earnings, shares slide

Macquarie reports subdued earnings, shares slide

Macquarie reports subdued earnings, shares slide

Macquarie reports subdued earnings, shares slide

Macquarie is taking a cautious stance and conservative approach to capital in 2024/25, as it looks forward to the opening of its new global HQ in Sydney.

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ's chief has issued a personal apology to the Australian Office of Financial Management boss as investigations into trading and conduct issues are ongoing.

Origin Energy backs big batteries to support east coast

Origin Energy backs big batteries to support east coast

Origin Energy backs big batteries to support east coast

Origin Energy backs big batteries to support east coast

Origin Energy will invest $450 million in the Eraring big battery project as part of a plan to accelerate its renewable energy generation and storage footprint.

Customers despair as telcos ignore complaints

Customers despair as telcos ignore complaints

Customers despair as telcos ignore complaints

Customers despair as telcos ignore complaints

Most of the one in two Australians who experience problems with their telco opt not to complain because they feel "skeptical or overwhelmed", research shows.

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Big batteries for the 'heavy lifting' as cold snap hits

The more clean energy in the nation's network, the better it will be for power bills and keeping the lights on, experts say, despite a lull during a cold snap.

Call for ad ban on easy credit for groceries, medicines

A popular form of credit to encourage online shopping has morphed into a crutch for trying to stay a step ahead of financial disaster, an inquiry has been told.

Woolies denies sending spy after farmers oust employee

A Woolworths employee has been removed from a farming conference after being accused of spying on producers.

Fears of widespread disruption when 3G is switched off

Telcos and the government may not realise the potential extent of disruptions when 3G is switched off, with concerns across health, construction and farming.

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Permits for new gas exploration risk 'climate disaster'

Australia needs more gas to fast-track the phase out of coal, explorers say, but critics warn new offshore gas exploration permits are a "climate disaster".

IT outage compensation talk inevitable: CrowdStrike

The Australian president of CrowdStrike has apologised for the cybersecurity company's role in causing an outage that crippled global IT systems.

Rent squeeze adds extra juice for first-home buyers

Renters across the nation face increasing rent hikes despite varied rental conditions, which is leading to some buying a home.

Deal for 'clean, reliable power' despite gas shortfall

Another state has signed a federal renewable energy agreement, anticipating rising power demand in coming decades from new refineries and low-carbon industries.

Home building to gather steam but undershoot 1.2m goal

A recovery in home building is coming but will take time and is still expected to fall short of the 1.2 million national target.

Halogen phase-out: light bulb moment for energy savings

Using more efficient, longer-lasting light bulbs required by tougher minimum energy performance standards could save homes and businesses thousands of dollars.

Hints on state of economy as cost relief kicks in

Business sector data will offer insights on the health of Australia's economy in the weeks since tax breaks and other cost-of-living support came into effect.

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