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Latest news: Economy, Business and Finance

Westpac shareholders question bank's climate plan

Westpac shareholders question bank's climate plan

Westpac shareholder activists have questioned bank executives about how its climate change policies will be applied.

Risky business: energy experts slam 'always on' nuclear

Risky business: energy experts slam 'always on' nuclear

Risky business: energy experts slam 'always on' nuclear

Risky business: energy experts slam 'always on' nuclear

Clean energy experts say building nuclear reactors is a costly and unviable pathway for Australia's electricity supply that would push power bills even higher.

Global EV sales hit third consecutive record high

Global EV sales hit third consecutive record high

Global EV sales hit third consecutive record high

Global EV sales hit third consecutive record high

Global sales of EVs - whether fully electric or plug-in hybrids - were up 32.3 per cent at 1.83 million in November, according to new data.

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GP payroll tax, first homebuyer stamp duty scrapped

GP payroll tax, first homebuyer stamp duty scrapped

A state government has fulfilled more of its election promises by scrapping a "patient's tax" and stamp duty for first-home buyers.

Early rates cut all but dashed as unemployment dips

Early rates cut all but dashed as unemployment dips

Australia's unemployment rate has unexpectedly fallen to 3.9 per cent, bolstering the argument for the Reserve Bank of Australia to keep rates on hold.

Migration 'splash' easing in Australia: expert

Migration 'splash' easing in Australia: expert

An expert has dismissed claims international students are impacting the national housing market, saying a post-pandemic "migration splash" is easing.

Bass Strait wind farm zone pushed further offshore

Bass Strait wind farm zone pushed further offshore

An offshore zone for developing wind farms in Bass Strait has been formally declared by the federal government but is smaller than originally proposed.

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Growing backlog as green tape chokes energy investment

Growing backlog as green tape chokes energy investment

Growing backlog as green tape chokes energy investment

Growing backlog as green tape chokes energy investment

A group of developers has warned of significant delays to the renewable energy needed to power Australian homes and businesses as green tape chokes investment.

'Kicking the can down the road' on packaging reforms

'Kicking the can down the road' on packaging reforms

'Kicking the can down the road' on packaging reforms

'Kicking the can down the road' on packaging reforms

The plastic waste crisis is set to continue after the federal government failed to lock in a responsibility scheme, to the frustration of an emerging industry.

From a lab to the streets: digital twin maps our future

From a lab to the streets: digital twin maps our future

From a lab to the streets: digital twin maps our future

From a lab to the streets: digital twin maps our future

A tool created in CSIRO's "mixed reality" lab has been launched into the real world as Australia's latest tech startup, with seed funding to go global.

Interest rate relief edges closer as RBA changes tune

Interest rate relief edges closer as RBA changes tune

Interest rate relief edges closer as RBA changes tune

Interest rate relief edges closer as RBA changes tune

Australia's central bank is sounding more confident it can beat inflation in welcome signs for mortgage-holders, home-buyers and the federal government.

Rates stay on hold and hope for February cut revived

Rates stay on hold and hope for February cut revived

Rates stay on hold and hope for February cut revived

Rates stay on hold and hope for February cut revived

Long-awaited mortgage relief looks closer as the central bank takes another interest rate hike off the table and lays the groundwork for future cuts.

Court thwarts Murdoch bid to cement Lachlan as Fox boss

Court thwarts Murdoch bid to cement Lachlan as Fox boss

Court thwarts Murdoch bid to cement Lachlan as Fox boss

Court thwarts Murdoch bid to cement Lachlan as Fox boss

Rupert Murdoch’s effort to ensure son Lachlan maintains control of Fox News has been dealt a blow, with a court reportedly ruling the pair acted in bad faith.

Myer brings in body cameras, radios to keep staff safe

Myer brings in body cameras, radios to keep staff safe

Myer brings in body cameras, radios to keep staff safe

Myer brings in body cameras, radios to keep staff safe

Mid-market department store Myer is beefing up security in its stores to protect workers and reduce the amount of theft.

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How a Trump presidency could affect Aussie produce

Farmers are keeping a close eye on US president-elect Donald Trump's commitment to impose tariffs on imports.

Grocery giants 'throw shoppers a bone' for Christmas

One supermarket chain remains the cheapest option for a general basket, but those looking for a deal on a holiday banquet should try the two big retailers.

Nuclear 'most expensive' for replacing coal-fired power

Renewable energy is the cheapest option to power Australia, according to scientific estimates that have been savaged by Opposition Leader Peter Dutton.

Insurers 'price gouging' with secret premium hikes

Millions of Australians are being overcharged by health insurers using a loophole to dodge the rules against raising premiums.

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Power couple: green energy, gas giant bet on renewables

A renewable energy company with global backers will be launched to take on top tier rivals, despite a looming political threat to clean energy investment.

Tax on large withdrawals floated to future-proof super

Tax tweaks have been floated to ensure Australia delivers on its newly legislated objective for the super system: delivering income for a dignified retirement.

More people unemployed for longer as opportunities wane

Australians dependent on unemployment payments are finding it even harder to get a job as positions disappear and structural barriers remain.

RBA set to hold rates steady at final meeting of 2024

No change in interest rates is anticipated at the Reserve Bank of Australia's last board meeting of the calendar year.

US pledges nearly $US1 billion in weapons for Ukraine

The US has unveiled nearly $US1 billion in aid for new arms and equipment for Ukraine in its ongoing fight against Russia's invasion.

Australia needs to think outside the box on packaging

A major manufacturer warns Australia is not ready to follow Europe on packaging reform but could develop more a circular economy to keep waste out of landfill.

US appeals court upholds TikTok law forcing its sale

A federal appeals court panel has upheld a law requiring the sale or ban of TikTok in the United States by January 19.

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