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Latest news: Economy, Business and Finance

Chaos as global IT outage crashes services nationally

Chaos as global IT outage crashes services nationally

Australian banks, governments, airports and media companies have been hit by a major global IT outage that has been ruled out as a malicious attack.

Home and car power to energise fresh national grid plan

Home and car power to energise fresh national grid plan

Home and car power to energise fresh national grid plan

Home and car power to energise fresh national grid plan

Homes will send solar power into the energy grid when most needed and electric cars will plug in as a power plant on wheels under a consumer-owned energy plan.

Winemakers need a decent drop of cash to survive

Winemakers need a decent drop of cash to survive

Winemakers need a decent drop of cash to survive

Winemakers need a decent drop of cash to survive

Vignerons have millions of litres of red wine sitting in tanks with nowhere to go, as producers tackle a complex system of levies, an independent report says.

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Rates uncertainty takes sting out of home price growth

Rates uncertainty takes sting out of home price growth

The temperature in the housing market appears to be coming down as interest rate uncertainty keeps more buyers on the sidelines.

UK's Starmer wants more cooperation on Ukraine, Europe

UK's Starmer wants more cooperation on Ukraine, Europe

UK hosting the European Political Community conference shows hope for friendlier ties with the EU, post Brexit.

Renewable energy key to forging 'green iron corridor'

Renewable energy key to forging 'green iron corridor'

Australia can provide "corridors" of green iron for steelmakers in other countries as coal-fired furnaces become more risky, says a report surveying investors.

Mixed jobs data highlights rate balancing act for RBA

Mixed jobs data highlights rate balancing act for RBA

Demand for labour is still strong enough to soak up extra workers as the population grows, according to fresh Australian Bureau of Statistics jobs data.

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Car auction site that misled buyers fined $10 million

Car auction site that misled buyers fined $10 million

Car auction site that misled buyers fined $10 million

Car auction site that misled buyers fined $10 million

An Australian online auction business has been hit with a multimillion dollar fine by the consumer watchdog after advertising false and misleading car listings.

'Gutted like a fish': Forrest on Fortescue job losses

'Gutted like a fish': Forrest on Fortescue job losses

'Gutted like a fish': Forrest on Fortescue job losses

'Gutted like a fish': Forrest on Fortescue job losses

Andrew Forrest says the Fortescue Group will continue to pursue its green hydrogen plan despite slashing 700 jobs in a bid to cut costs.

Well-known Aussie wine brands offloaded by French owner

Well-known Aussie wine brands offloaded by French owner

Well-known Aussie wine brands offloaded by French owner

Well-known Aussie wine brands offloaded by French owner

Pernod Ricard has sold most of its portfolio of international wine brands, including Australia's Jacob’s Creek, Orlando and St Hugo, to a consortium.

Govt confident in power plant after explosion report

Govt confident in power plant after explosion report

Govt confident in power plant after explosion report

Govt confident in power plant after explosion report

The Queensland government believes the state-owned operators of a power plant will do better after safety failings were revealed in a report on an explosion.

Energy minister all-in on 'batteries on wheels'

Energy minister all-in on 'batteries on wheels'

Energy minister all-in on 'batteries on wheels'

Energy minister all-in on 'batteries on wheels'

Vehicle-to-grid and vehicle-to-home charging will feature in a consumer energy road map Energy Minister Chris Bowen will put to state ministers this week.

Signs point to slow start for economy in new year

Signs point to slow start for economy in new year

Signs point to slow start for economy in new year

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

Culture wars reignite over 'disingenuous' energy change

Culture wars reignite over 'disingenuous' energy change

Culture wars reignite over 'disingenuous' energy change

Culture wars reignite over 'disingenuous' energy change

Renewables will be in the energy mix under a nuclear-powered coalition government, but investment has stalled and emissions are flatlining, the opposition says.

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Clean energy sector rallies against nuclear 'mistruths'

A clean energy industry body has sounded the alarm on "bad faith actors" who are accused of using misinformation to mislead Australian voters on nuclear power.

Green tick for big Sun Cable solar farm and subsea line

An intercontinental renewable power project to export solar energy to Asia from one of the most remote places on earth has received environmental approval.

Online shopping spree despite cost-of-living crisis

Australians are still turning to online retail therapy despite household spending slowing due to cost-of-living pressures.

Rate hike chance 'incredibly slim' in bumpy last mile

Australia is charting a similar rocky path down from elevated inflation as other major economies, economists say, but is only a few steps behind.

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Gridlock on new energy transmission adds to bill shock

Delays for energy transmission projects over the past decade, under both major parties, are adding to power bills and making the nation's network less reliable.

'Significant' funding floats green hydrogen export hub

Australian-made green hydrogen could power fuel-cell vehicles across Asia within 10 years as a proposed floating export hub attracts major funding.

Banks lashed for ripping off poorer customers

The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.

RBA to get jobs piece of the puzzle ahead of rates call

Australia's labour market is slowly softening and the Reserve Bank will be watching this week's labour force data for further confirmation of this trend.

Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

Australian dollar set to rise into 2025, experts say

With the US Federal Reserve now seen as likely to aggressively cut interest rates in 2024, the Australian dollar could reach 70 US cents.

BHP suspending WA nickel operations amid global glut

Nickel operations across WA are being suspended by mining giant BHP due to an oversupply and plummeting prices for the mineral.

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