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Latest news: Economy, Business and Finance

'Need to do more': PM pleads case for budget tax change

'Need to do more': PM pleads case for budget tax change

Taxpayers have been working against first home buyers at auctions due to generous concessions, the prime minister says.

New data lights up enormity of tobacco black market

New data lights up enormity of tobacco black market

New data lights up enormity of tobacco black market

New data lights up enormity of tobacco black market

New wastewater analysis of nicotine consumption in Australia shows black market tobacco makes up a much larger share of sales than previously thought.

Big lottery operator plans to step up the fun factor

Big lottery operator plans to step up the fun factor

Big lottery operator plans to step up the fun factor

Big lottery operator plans to step up the fun factor

The company that runs Powerball believes its digital operations have done a poor job of capturing the fun and joy of playing the lottery.

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Shifting gears: electric cars surge during fuel crisis

Shifting gears: electric cars surge during fuel crisis

Australian motorists bought a record number of electric and hybrid vehicles for the third month in a row, while petrol and diesel vehicle sales slowed.

'Scambling': the scam on the rise catching out punters

'Scambling': the scam on the rise catching out punters

Australia's biggest telco is ramping up its defences against "scambling" - one of the fastest-growing scams used by bad actors trying to steal your money.

Unsafe toys reaching kids hands through online giants

Unsafe toys reaching kids hands through online giants

Online retailers like Amazon and Temu are continuing to stock potentially unsafe products targeted at children and infants, consumer advocates claim.

Tardy approvals leaving clean energy dollars in limbo

Tardy approvals leaving clean energy dollars in limbo

Australia's most populous state and biggest energy user still ranks among the slowest approval times for renewables, suggesting further reform is needed.

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CSIRO moves ahead with plan to cut hundreds of jobs

CSIRO moves ahead with plan to cut hundreds of jobs

CSIRO moves ahead with plan to cut hundreds of jobs

CSIRO moves ahead with plan to cut hundreds of jobs

Hundreds of job losses will go ahead at the national science agency, as officials revealed during parliamentary hearings the plan is in its final stages.

Australian shares pare losses as mining stocks bounce

Australian shares pare losses as mining stocks bounce

Australian shares pare losses as mining stocks bounce

Australian shares pare losses as mining stocks bounce

The ASX has edged lower for a second session as concerns about Australia's economic growth and the ongoing Persian Gulf conflict unnerve investors.

System that cancelled welfare payments taken offline

System that cancelled welfare payments taken offline

System that cancelled welfare payments taken offline

System that cancelled welfare payments taken offline

The government's targeted compliance framework unlawfully cancelled welfare payments for almost 1000 people.

Interest rate impact hits housing approval levels

Interest rate impact hits housing approval levels

Interest rate impact hits housing approval levels

Interest rate impact hits housing approval levels

The number of new homes being approved fell once again during April, and the Reserve Bank is being blamed for the downturn.

'Unexplained gap' in case against ex-Rex directors

'Unexplained gap' in case against ex-Rex directors

'Unexplained gap' in case against ex-Rex directors

'Unexplained gap' in case against ex-Rex directors

Four former regional airline directors will soon know their fate as the corporate watchdog's case against them draws to a close.

Businesses still in dark on tax carve outs from budget

Businesses still in dark on tax carve outs from budget

Businesses still in dark on tax carve outs from budget

Businesses still in dark on tax carve outs from budget

Business owners are still yet to find out what exemptions could apply to them in changes to capital gains tax.

Minimum wage tops $1000 a week, stoking inflation fears

Minimum wage tops $1000 a week, stoking inflation fears

Minimum wage tops $1000 a week, stoking inflation fears

Minimum wage tops $1000 a week, stoking inflation fears

Millions of workers on industry awards will get an annual pay rise and minimum wage earners even more, but economists warn the raises could fuel inflation.

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'Gut punch': beer production to end at brewery's home

James Boag's will stop making beer at its Tasmanian home, with its owner blaming declining sales and rising costs.

Watchdog flooded with complaints as dry spell persists

There has been a sharp increase in the number of people being dobbed in for misusing water as a state experiences ongoing drought.

Climate change 'loading the dice' ahead of El Nino risk

Climate change-fuelled erratic weather extremes are already piling pressure on farmers, leaving them with little buffer ahead of a looming El Nino.

Australian shares flat as Iran uncertainty continues

Local tech stocks have rebounded strongly in an otherwise subdued session, as traders wait for economic data and signs of progress from US-Iran negotiations.

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'Likely he's lying': treasurer points finger at rival

Future generations will be left with a "multibillion-dollar debt bomb" if the coalition repeals proposed tax changes, the treasurer warns.

Accelerated lights out for gas urged to hit net zero

Australia needs to take the wheel of a well-signposted gas decline and double down to meet emissions goals and protect consumers from higher prices.

Just half of Australians feel prepared for retirement

Women described themselves as less prepared for retirement than men, according to a fresh report, which also demonstrated the value of financial advice.

Rescue package to shield workers from AI-driven cuts

A multimillion-dollar training package is being rolled out to help employees whose jobs are at risk due to the rapid deployment of technology.

State budget to help unlock doors for first home buyers

One state government has pledged to build hundreds of new homes for first home buyers only, with the first allotments already ready for sale.

Labor shrugs off claim tax shift will sink house prices

The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.

GDP data tops the economic agenda, RBA officials speak

Reserve Bank governor Michele Bullock will get a chance to react to Wednesday's economic growth figures when she fronts a parliamentary hearing in Canberra.

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