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Latest news: Economy, Business and Finance
Light rail to slow to a crawl as union ramps up demands
Sydney Commuters face frustratingly slow light-rail trips as industrial action linked to a wages dispute between drivers and a major private operator heats up.
Nov 06, 2024
Albanese sees sun breaking through dark economic clouds
The prime minister strikes an optimistic tone in a speech to the business crowd, saying the worst economic storms are over and the future may be much brighter.
Nov 05, 2024
RBA resists taking a punt on Melbourne Cup day rate cut
The Reserve Bank has not gambled on a Melbourne Cup rate reduction, with punters left to ponder whether borrowers will receive a windfall before Christmas.
Nov 05, 2024
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Fess up! Independents push parties on climate targets
Independent MPs are demanding that Labor reveal its 2035 climate target, saying voters deserve to know as climate change is contributing to higher living costs.
Nov 05, 2024
Westpac's profit dips to $7b as mortgage stress eases
Westpac has posted an annual profit of $7 billion and lifted its final dividend, in Peter King's last financial result as chief executive.
Nov 04, 2024
'Con job': government flushes hydro energy project
A report says a scrapped pumped hydro scheme proposed by the former Queensland government had no value for money, with costs blowing out to almost $37 billion.
Nov 04, 2024
Financial distress drives record crisis call numbers
Lifeline has received a record number of crisis support calls as the soaring cost of living takes a toll on people’s mental health.
Nov 04, 2024
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Mining heartland backs environment watchdog with teeth
Voters living in one of the nation's mining strongholds support the protection of nature and a role in emissions reduction despite intense lobbying by industry.
Nov 04, 2024
Defence axes satellite program as threats outpace tech
Defence says threats have outpaced a satellite system intended for the ADF, but the opposition says cancellation of the space project 'devastates' capabilities.
Nov 04, 2024
Workers get $8k more bang for their buck in the bush
The financial incentive to live in the city is dwindling for most workers - from doctors to truckies - as house prices soar, according to economic research.
Nov 03, 2024
HECS cut to help fix 'intergenerational unfairness': PM
The federal government has unveiled plans to cut HECS debt by one-fifth for university students if it wins the next election.
Nov 03, 2024
Rail, ferries and ports to merge in transport shake-up
Three Tasmania state-owned services companies could be merged in a bid by the minority Liberal government to boost performance and accountability.
Nov 03, 2024
PM rallies Labor troops ahead of election showdown
The prime minister has used a key speech to lay out parts of his second-term agenda, with education shaping as an election battleground.
Nov 03, 2024
Shuck horror! WA-grown Sydney Rock Oysters heading east
According to a Western Australian farm backed by Andrew Forrest and his ex-wife Nicola Forrest, some of the best Sydney Rock Oysters don't come from NSW.
Nov 02, 2024
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RBA tipped to keep rates steady for 12th straight month
Interest rates have been kept on hold for almost a year and are broadly expected to stay there until cuts start in early 2025, provided inflation keeps easing.
Nov 02, 2024
Calls to bring forward PM's plans for student loan help
The prime minister wants to recalibrate Labor's agenda following controversy, pitching student loan help at graduates juggling cost-of-living pressures.
Nov 02, 2024
Broken system lets big business off tax hook: institute
Major corporations that pay no company income tax are taking advantage of a broken system that needs government intervention, a think tank says.
Nov 01, 2024
Miners dominate company tax list as others pay zero
A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.
Nov 01, 2024
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Strengthening wildlife numbers key to mitigate bird flu
The Invasive Species Council wants better bird protections to mitigate the impact of a deadly bird flu strain as Australia war games how to contain an outbreak.
Nov 01, 2024
Household spending 'surprisingly soft' despite tax cuts
Australians are still watching their pennies even as consumers report more confidence in the future state of their finances.
Nov 01, 2024
Property market easing with falls across four capitals
Slowing momentum in home price growth bodes well for those hoping to get a foot on the property ladder as the central bank weighs rate cuts.
Nov 01, 2024
Labour hire workers in line for boost to wages
New laws requiring labour-hire workers to be paid the same as other employees have come into effect.
Oct 31, 2024
Profit squeeze as supermarkets try to win back shoppers
Woolworths and Coles are ratcheting up discounts to win back shoppers dissatisfied with price rises in the sector, and taking a hit to profits in the process.
Oct 31, 2024
UK treasurer says claims more plans to boost growth
After a budget of big tax increases and borrowing, Britain's finance minister insists her government has more in the cupboard to help rev the UK's slow economy.
Oct 31, 2024
Wesfarmers defends record profits amid cost crisis
Wesfarmers chair Michael Chaney is reclaiming the word "profit" as the parent company of Kmart and Bunnings reaps a record profit amid a cost-of-living crisis.
Oct 31, 2024
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