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Latest news: Economy, Business and Finance

Major capital home prices slip in two-speed market

Major capital home prices slip in two-speed market

Australia's housing market is diverging as the biggest capitals go backwards while growth accelerates in mid-tier cities.

Schooling shortfall at Olympic venue's housing project

Schooling shortfall at Olympic venue's housing project

Schooling shortfall at Olympic venue's housing project

Schooling shortfall at Olympic venue's housing project

The home of the 2000 Olympics is set for a huge housing project in the next quarter of a century, but details about potential schools are vague.

Fuel relief may not be enough to help stressed budgets

Fuel relief may not be enough to help stressed budgets

Fuel relief may not be enough to help stressed budgets

Fuel relief may not be enough to help stressed budgets

Two of Australia's biggest banks have recorded noticeable rises in the value of fuel transactions, with one also seeing evidence of potential stockpiling.

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'Unfair' subscription traps to be banned in new rules

'Unfair' subscription traps to be banned in new rules

Trapping consumers into subscriptions and tricking buyers with lower advertised prices are the practices that will be banned under tough rules.

Fuel support considered for diesel-dependent Pacific

Fuel support considered for diesel-dependent Pacific

Foreign Minister Penny Wong says Australia is looking at measures to help Pacific nations deal with the fuel supply crisis sparked by the Middle East war.

Health insurance premiums to cut more from hip pockets

Health insurance premiums to cut more from hip pockets

Health insurance premium rises have begun, after the federal government in February approved an average industry-wide increase of 4.41 per cent.

Shares climb on glimpse of Iran war exit ramp

Shares climb on glimpse of Iran war exit ramp

The Australian stock market has rebounded after a rocky start amid a fluctuating oil price and ongoing geopolitical uncertainty.

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The RBA conflict that could decide its next rates call

The RBA conflict that could decide its next rates call

The RBA conflict that could decide its next rates call

The RBA conflict that could decide its next rates call

Australia's central bank must abandon its narrow path and choose between getting inflation down quickly or keeping unemployment low, economists say.

Cafes, hotels take swipe at $1.6b consumer card fee win

Cafes, hotels take swipe at $1.6b consumer card fee win

Cafes, hotels take swipe at $1.6b consumer card fee win

Cafes, hotels take swipe at $1.6b consumer card fee win

The RBA has binned surcharge fees on debit and credit card transactions, which it says will save punters $1.6 billion - if businesses pass on the savings.

Furniture e-seller Koala successfully floats on the ASX

Furniture e-seller Koala successfully floats on the ASX

Furniture e-seller Koala successfully floats on the ASX

Furniture e-seller Koala successfully floats on the ASX

Mattress and sofa ecommerce retailer Koala's shares are trading at $3.70 on the ASX, up 8.8 per cent from their initial public offering price.

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Workers in retail and fast food jobs will be eligible for the full award wage once they turn 18 after a decision from the workplace watchdog.

Coal and gas safeguard loopholes failing climate action

Coal and gas safeguard loopholes failing climate action

Coal and gas safeguard loopholes failing climate action

Coal and gas safeguard loopholes failing climate action

Manufacturers are at risk of doing the heavy-lifting under the main industry decarbonisation tool as new analysis identifies coal and gas workarounds.

Robotics investment could create human jobs bonanza

Robotics investment could create human jobs bonanza

Robotics investment could create human jobs bonanza

Robotics investment could create human jobs bonanza

Funnelling more money into Australia's robotics sector could add $201 billion to economic output and create 128,900 new jobs a year, a new report shows.

WTO talks end in deadlock after Brazil blocks deal

WTO talks end in deadlock after Brazil blocks deal

WTO talks end in deadlock after Brazil blocks deal

WTO talks end in deadlock after Brazil blocks deal

In a "major setback for global trade", t‌he World Trade Organization ‌has failed to secure a collective decision on e-commerce during talks in Cameroon.

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Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

Russia's Ust-Luga port damaged by more Ukrainian drones

Ukrainian President Volodymyr Zelenskiy is seeking support from Gulf ‌states for ‌Ukraine's war against ⁠Russia and is offering air defence expertise.

Gambling and welfare issues dog greyhound racing boons

Greyhound racing's problems cost more than its economic benefits, a report has found, as one state weighs up the future of the sport.

Truck tax cut backed as fuel-rationing threat looms

Business groups have urged the government to cut the road-user charge for trucks, but not the fuel excise for all motorists.

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Australia to be 'overprepared' for ongoing fuel woes

Australians are being urged to use common sense instead of stockpiling petrol and diesel as the government proposes new powers to secure supplies.

Earth hour turns 20 at pivotal moment in climate action

From the Sydney Opera House to the world, the 20th anniversary of Earth Hour comes at a critical time in the global response to climate change.

Why small business is fighting back against Meta bans

After months of being locked out of her business social media accounts, an Australian hairdresser has finally regained access but she’s one of the lucky ones.

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

Fuel crisis drives Aussies to rethink how they travel

Australians are adapting to rising fuel prices by changing their transport habits, with some ditching their cars even if it adds hours to their commute.

Bigger fines for dodgy servos but fuel fears remain

Fresh produce is likely to go up in price as higher fuel costs flow through the nation's supply chains, but relief to petrol shortages is on the way.

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

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