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The Latest News from economy, business and finance

Building approvals muted and to stay subdued all year

Building approvals muted and to stay subdued all year

Home building remains in the slow lane but the level of activity has likely stabilised as interest rates stay on hold.

NSW will meet national housing target, premier insists

NSW will meet national housing target, premier insists

NSW will meet national housing target, premier insists

NSW will meet national housing target, premier insists

An ambitious rewrite of Sydney's housing targets hopes to shift infill closer to the city with a $200 million program for councils to build more homes.

Inflation disappoints and tempers hopes of rate cut

Inflation disappoints and tempers hopes of rate cut

Inflation disappoints and tempers hopes of rate cut

Inflation disappoints and tempers hopes of rate cut

The monthly inflation gauge has bounced higher for a second month, moving the indicator further away from the Reserve Bank's target range.

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Florence wedged under debris at Snowy 2.0 'pinch point'

Florence wedged under debris at Snowy 2.0 'pinch point'

Plagued by cost blowouts and rock that's too soft or too hard, Snowy 2.0's tunnel-borer 'Flo' is stuck just as the project was poised to spruik better numbers.

Households in the dark on promised $1b energy upgrade

Households in the dark on promised $1b energy upgrade

Households have not been forgotten for energy upgrades, the federal government insists, but they have not received a cent from $1 billion allocated in 2023.

Saving the new fashion as financial pain hits retailers

Saving the new fashion as financial pain hits retailers

Tax cuts and energy rebates will help prop up family budgets but the long wait for interest rate cuts should keep spending subdued.

Super funds giving a green light to 'climate wreckers'

Super funds giving a green light to 'climate wreckers'

Superannuation funds have come under fire for doubling down on their investments in fossil fuels while cutting half a billion dollars from green energy funding.

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Climate defenders under scrutiny after Santos debacle

Climate defenders under scrutiny after Santos debacle

Climate defenders under scrutiny after Santos debacle

Climate defenders under scrutiny after Santos debacle

An environment litigation group has been caught in the crosshairs of post-budget scrutiny of federal spending, with the coalition demanding further assurance.

WA Libs reject Dutton's nuclear plan in the short term

WA Libs reject Dutton's nuclear plan in the short term

WA Libs reject Dutton's nuclear plan in the short term

WA Libs reject Dutton's nuclear plan in the short term

The WA Liberal Party's energy spokesman says Peter Dutton's plan for nuclear power won't work in the state as he backs coal until renewables can take over.

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Labor's plan to turbocharge critical minerals and hydrogen industries faces a dismissive opposition and calls from the Greens to ban new coal and gas.

Opposition migration policy 'revenue neutral'

Opposition migration policy 'revenue neutral'

Opposition migration policy 'revenue neutral'

Opposition migration policy 'revenue neutral'

Angus Taylor says the coalition's migration policy won't damage public finances or the economy and will get the balance right between immigration and housing.

Dutton dodging nuclear policy fallout: energy minister

Dutton dodging nuclear policy fallout: energy minister

Dutton dodging nuclear policy fallout: energy minister

Dutton dodging nuclear policy fallout: energy minister

Opposition Leader Peter Dutton is yet to name the sites the coalition will earmark for nuclear power stations, despite claiming communities would welcome them.

I haven't forgotten what it means to struggle: Albanese

I haven't forgotten what it means to struggle: Albanese

I haven't forgotten what it means to struggle: Albanese

I haven't forgotten what it means to struggle: Albanese

As Labor faces criticism over the cost of living relief it has provided vulnerable Australians, the prime minister says he hasn't forgotten the struggle.

More regulation urged for banks 'failing' rural towns

More regulation urged for banks 'failing' rural towns

More regulation urged for banks 'failing' rural towns

More regulation urged for banks 'failing' rural towns

An inquiry into rural bank closures has handed down its final report after a year of hearings and 610 written submissions. It recommends tougher regulation.

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Shoppers face lies, manipulation in supermarket aisles

So-called 'ocean plastic' is the poster child of greenwashing shams Australian face when they head to the grocery store, a federal inquiry has been told.

Fashion label Dion Lee enters voluntary administration

The Australian operation of fashion label Dion Lee has entered voluntary administration.

Dutton doubles down on gas, rejects support for mining

Domestic gas production will expand, approvals will be fast-tracked and nuclear reactors rolled out to keep the lights on under a coalition government.

Living costs pose 'difficult choices' for young people

The gap in spending between the young and the old is getting wider, with Australians in their mid-to-late 20s cutting back on essentials.

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Migration plan wobble raises questions for opposition

Shadow Treasurer Angus Taylor has defended inconsistencies in his party's migration plan, saying the overall point of the exercise is to free up homes.

Coalition commits to nuclear despite damning report

A report has found nuclear energy would be significantly more expensive than renewables but the coalition has backed in plans for the power source

Electricity grid 'not fit for purpose' without new gas

Consumers have been warned of higher taxes or power bills if gas remains banned under federal and state government building programs for new power generation.

Country towns banking on branch closure inquiry report

After a year of hearing from regional communities, farmers and the banking sector, the inquiry into rural bank closures is due to hand down its final report.

Less money lost as scammers target side hustles

Scammers were able to fleece less money out of Australians last quarter, even as fraudsters adapt to cost-of-living pressures with new tricks.

Telstra urged to dial back 'appalling' mass job cuts

Telco giant Telstra will axe up to nine per cent of its workers, chasing $350 million in cost savings as it focuses on better-performing parts of its business.

Consumer spending the wildcard in rate hike uncertainty

The spending appetite of consumers remains a key source of uncertainty for the Reserve Bank as the battle against inflation rages.

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