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Latest news: Economy, Business and Finance

Woodside's floating gas platform arrives off WA coast

Woodside's floating gas platform arrives off WA coast

A huge 70,000-tonne floating production unit has been towed from China to sit off the West Australian coast for Woodside's $18 billion gas project.

US Dept of Justice probe into Fed chair sparks backlash

US Dept of Justice probe into Fed chair sparks backlash

US Dept of Justice probe into Fed chair sparks backlash

US Dept of Justice probe into Fed chair sparks backlash

The Trump administration’s criminal investigation of Fed chair Jerome Powell has triggered a backlash that threatens to undermine the White House’s goals.

Groundbreaking CEO calls time at rare earth miner Lynas

Groundbreaking CEO calls time at rare earth miner Lynas

Groundbreaking CEO calls time at rare earth miner Lynas

Groundbreaking CEO calls time at rare earth miner Lynas

With the departure of Lynas chief executive Amanda Lacaze, the mining sector has lost a leading female voice and a key player in Australia's manufacturing push.

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Oasis tour tunes up economy but clouds rate cut hopes

Oasis tour tunes up economy but clouds rate cut hopes

Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.

Fed subpoenaed, indictment threatened: chair

Fed subpoenaed, indictment threatened: chair

Fed chair Jerome Powell says the Department of Justice has served the central bank with subpoenas and threatened indictment over his testimony on renovations.

Hopes Black Friday could sustain spending growth

Hopes Black Friday could sustain spending growth

After a stronger than expected month for consumer spending, pre-Christmas sales could see that trend continue.

The workers helping power Australia's energy transition

The workers helping power Australia's energy transition

Thousands of workers are riding the ups and downs of building the solar, wind and transmission needed for the next-generation energy system.

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Where home prices could take off or crash land in 2026

Where home prices could take off or crash land in 2026

Where home prices could take off or crash land in 2026

Where home prices could take off or crash land in 2026

A worsening outlook for interest rates will put a dampener on Australia's property market in 2026 but records are still expected to tumble across the country.

US Supreme Court could rule on Trump tariffs next week

US Supreme Court could rule on Trump tariffs next week

US Supreme Court could rule on Trump tariffs next week

US Supreme Court could rule on Trump tariffs next week

A US Supreme Court ruling in a major case testing ‍the legality of President Donald Trump's global tariffs could be announced on Wednesday.

Biggest Aussie cities to host eight million by 2050s

Biggest Aussie cities to host eight million by 2050s

Biggest Aussie cities to host eight million by 2050s

Biggest Aussie cities to host eight million by 2050s

The popularity of urban living is expected to flourish in Australia in the coming decades, with growth concentrated in the country's two largest capital cities.

Greenland opposition leader backs direct talks with US

Greenland opposition leader backs direct talks with US

Greenland opposition leader backs direct talks with US

Greenland opposition leader backs direct talks with US

The head of the opposition Naleraq party has urged direct talks between US officials and representatives of Greenland, without Danish involvement.

RBA official's advice to borrowers over inflation data

RBA official's advice to borrowers over inflation data

RBA official's advice to borrowers over inflation data

RBA official's advice to borrowers over inflation data

Mortgage holders have been warned not to expect relief anytime soon with the latest inflation figures unlikely to significantly influence the RBA's thinking.

Cheaper houses have lift-off as guarantee takes effect

Cheaper houses have lift-off as guarantee takes effect

Cheaper houses have lift-off as guarantee takes effect

Cheaper houses have lift-off as guarantee takes effect

A five per cent deposit guarantee is helping first homebuyers into the market, but ensuring they pay more for the privilege.

Extreme hot and cold driving inland health emergencies

Extreme hot and cold driving inland health emergencies

Extreme hot and cold driving inland health emergencies

Extreme hot and cold driving inland health emergencies

As Australia swelters through a heatwave, research suggests inland populations can expect hot days to become a bigger cause of health stress in the future.

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Warner Bros rejects Paramount takeover again

Warner Bros has spoken out against a takeover bid from Paramount, urging shareholders to instead support a Netflix offer.

US private payrolls miss expectations in December

US private payrolls rebounded less than expected in December, according to a new report.

Home approvals surge but affordability still an issue

Rent has soared to a median of $817 a week in Australia's most expensive city as a lack of supply stretches affordability to the limits around the nation.

Fears more sinkholes could appear near tunnel project

A large, gaping crater has opened at a suburban sports oval near major tunnel-boring works, sparking safety fears about whether another could emerge.

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One-in-five solar panels degrading faster than expected

The discovery that some solar panels may last for only half their anticipated lifetimes suggests manufacturing and quality control issues need ironing out.

Global minimum tax deal update backed by 145 countries

A 15 per cent global minimum tax framework has been kept as countries approved an update that allows carve-outs for some US companies.

Warning Australian cities not immune to LA-style fires

A year on from the deadly wildfires that tore through Los Angeles, a comprehensive report shows Australian city fringes share many of the same vulnerabilities.

Oil prices unlikely to rise far on Venezuelan turmoil

Analysts say oil prices may rise slightly on heightened geopolitical tensions following the ouster of Venezuela's president but global supply should cap it.

Tesla loses global electric vehicle crown to BYD

Chinese company BYD has become the world's bestselling electric vehicle maker, taking over from US rival Tesla.

Crown casino faces NYE strike amid pay dispute

Partygoers' New Year's Eve celebrations are set to be thrown into chaos as hundreds of workers at Australia’s largest casino strike over a pay dispute.

New year brings cheaper medicines, higher energy bills

A cut to the Pharmaceutical Benefits Scheme co-payment will slash the cost of medicines but Australians face higher power bills in the new year.

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