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The Latest News from economy, business and finance

'Move right now': warning on racecourse housing plan

'Move right now': warning on racecourse housing plan

Those considering whether to turn a century-old racetrack into 25,000 homes are being told there will be no second chances for the proposal.

Interim PwC boss 'disappointed' to leave mid-crisis

Interim PwC boss 'disappointed' to leave mid-crisis

Interim PwC boss 'disappointed' to leave mid-crisis

Interim PwC boss 'disappointed' to leave mid-crisis

The former acting head of PwC says she'd wanted to lead the company after a tax leak scandal, but wasn't surprised an international recruit was brought in.

Big end of town ready but push back on climate regime

Big end of town ready but push back on climate regime

Big end of town ready but push back on climate regime

Big end of town ready but push back on climate regime

Most directors are worried about climate change risks but could get extra time to prepare for more thorough financial disclosure and transition planning.

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Fire ants inquiry shines light on decades of failure

Fire ants inquiry shines light on decades of failure

Australia's efforts to eradicate deadly fire ants have been savaged by former insiders and the woman who led a review that was buried.

Appeal over $14m offshore share hiding guilty ruling

Appeal over $14m offshore share hiding guilty ruling

Jan Cameron, founder of adventure wear brand Kathmandu, has appealed a court ruling which found her guilty of hiding $14 million worth of shares offshore.

Home price upswing not 'typical recipe' for rate cuts

Home price upswing not 'typical recipe' for rate cuts

Confidence may be returning to the housing market due to rate cut speculation but one economist says rising home values could keep the Reserve Bank wary.

'Energy from waste' licence milestone for cleaner paper

'Energy from waste' licence milestone for cleaner paper

Energy-rich waste from a paper mill will be turned into power instead of landfill as regional economies and heavy industries look for new ways to survive.

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'Too expensive': high car costs drive down budgets

'Too expensive': high car costs drive down budgets

'Too expensive': high car costs drive down budgets

'Too expensive': high car costs drive down budgets

Drivers are grappling with transport costs triple the rate of inflation while Australian households continue to buckle under the cost-of-living pressures.

Growth report likely to show households in pain

Growth report likely to show households in pain

Growth report likely to show households in pain

Growth report likely to show households in pain

Households have been pinching their pennies as financial pressures intensify and that weakness is likely to show up in a soft economic growth print.

'Smug' energy attitudes holding Australia back: pioneer

'Smug' energy attitudes holding Australia back: pioneer

'Smug' energy attitudes holding Australia back: pioneer

'Smug' energy attitudes holding Australia back: pioneer

An Australian offshore wind pioneer urges less politics and more investment in a nation that's been "smug" about energy for far too long.

New gender equality strategy to tackle unpaid work gap

New gender equality strategy to tackle unpaid work gap

New gender equality strategy to tackle unpaid work gap

New gender equality strategy to tackle unpaid work gap

The minister for women says Australia is still not gender equal and will set out a path to get there in the next 10 years.

Live export ship set for Israel after weeks of delays

Live export ship set for Israel after weeks of delays

Live export ship set for Israel after weeks of delays

Live export ship set for Israel after weeks of delays

A live export ship carrying thousands of sheep and cattle will finally embark for Israel after conflict in the region forced it to cancel its initial voyage.

Energy consumers to plug power gap, get fairer share

Energy consumers to plug power gap, get fairer share

Energy consumers to plug power gap, get fairer share

Energy consumers to plug power gap, get fairer share

Ministers have agreed on steps to fill the nation's energy gap but a former deputy central bank governor says $625 billion in clean energy investment is needed.

Falling letters, shop traffic weighs down Aust Post

Falling letters, shop traffic weighs down Aust Post

Falling letters, shop traffic weighs down Aust Post

Falling letters, shop traffic weighs down Aust Post

Australia Post may have to shrink its retail network as falling foot traffic and low letter activity threatens the service's financial viability.

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Super cash-ins lump taxpayers with $85b 'long COVID'

A key super fund body says taxpayers are on the hook for between $75 billion and $85 billion because of the Morrison government's early super access policy.

Home price growth gathers pace as confidence returns

Property prices in Perth, Adelaide and Brisbane still grew the fastest in January but Melbourne and Sydney also had a more convincing month.

Hires need tools, equipment to grind out productivity

Australia is in the productivity slow lane and although the pandemic goes a long way to explaining it, a key economic institution says more action is needed.

Retail sales rebound but spending appetite is weak

The consumer sector is clearly in pain and prioritising discounted goods, making it a difficult time to be a discretionary retailer.

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'Lazy' work safety watchdog lashed for failings

Already dumped on by an independent auditor, NSW's workplace safety regulator is now being denounced by unions and a UK company over its silicosis response.

Sales, dividend down as retail slump hits Harvey Norman

Ongoing macroeconomic headwinds have buffeted Harvey Norman's profits but the retailer insists its property portfolio keeps its balance sheet in good health.

Australia not 'complacent' on expected weak growth

Treasurer Jim Chalmers says Australia is not immune nor complacent in the face of economic challenges though a soft landing is still anticipated.

Green mining could be dynamite for new hydrogen sector

Australia could usher in the next boom by switching ammonia production plants from gas to renewable hydrogen to supply the mining sector with green explosives.

Pilots resume strike at Qantas subsidiary over pay

Regional travellers and fly-in, fly-out workers face travel disruptions as more than 200 pilots at a Qantas subsidiary walk off the job over a pay dispute.

Hypocrisy call after 'devastating' report on $5b scheme

Substantial issues have been uncovered in an audit of a war chest filled with billions of dollars derived from Australia's largest road infrastructure project.

Inflation results show signs of waning price pressures

Stretched households will welcome promising signals on price pressures as a key monthly measure comes in softer than anticipated.

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