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Latest news: Economy, Business and Finance

'Out of date': calls for wage boost for junior workers

'Out of date': calls for wage boost for junior workers

An influential union official says 18 to 21-year-olds in retail and fast food jobs should be paid the full adult wage, rather than a junior rate.

Generation dread: Aussies unprepared for money shocks

Generation dread: Aussies unprepared for money shocks

Generation dread: Aussies unprepared for money shocks

Generation dread: Aussies unprepared for money shocks

Most Australians are unsatisfied with their finances, with just one quarter equipped to handle unexpected money issues, a survey has found.

Op shop bargains fit the bill for younger Aussies

Op shop bargains fit the bill for younger Aussies

Op shop bargains fit the bill for younger Aussies

Op shop bargains fit the bill for younger Aussies

Age is the most significant factor in determining consumer clothing practices, surpassing gender, income and location according to a first of its kind survey.

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Users still frustrated despite falling telco complaints

Users still frustrated despite falling telco complaints

Telcos still have work to do to improve customer service with delays in fixing problems and service fees among the top complaints, the industry watchdog says.

High-density issues hurting Australia's housing goal

High-density issues hurting Australia's housing goal

Unless Australia can significantly lift the pace at which it is building new homes, a nationally-agreed target to solve the housing crisis looks at-risk.

Travellers to fly for less if Qatar lands Virgin deal

Travellers to fly for less if Qatar lands Virgin deal

More routes more often and increased use of frequent-flyer miles are predicted if Qatar Airways is allowed to take a large slice of Virgin Australia.

Retail trade springs back after warmer weather

Retail trade springs back after warmer weather

A hotter-than-average August and Father's Day sales has led to a spike in retail sales, with more people taking advantage of the outdoors.

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$10 billion Indigenous business milestone celebrated

$10 billion Indigenous business milestone celebrated

$10 billion Indigenous business milestone celebrated

$10 billion Indigenous business milestone celebrated

Indigenous businesses have won more than 71,000 commonwealth contracts, representing $10 billion in government spending over the past nine years.

Gender pay gap in focus of feminised workforce review

Gender pay gap in focus of feminised workforce review

Gender pay gap in focus of feminised workforce review

Gender pay gap in focus of feminised workforce review

The federal government backs a review of wages in sectors with a large female workforce, but argues any pay increases would need to be gradual.

Australian optimism tempered over Chinese stimulus

Australian optimism tempered over Chinese stimulus

Australian optimism tempered over Chinese stimulus

Australian optimism tempered over Chinese stimulus

Australia has welcomed a major Chinese stimulus as its stalling economy has flow-on effects but the treasurer has warned about being overly optimistic.

Bigger budget surplus not 'an end in itself'

Bigger budget surplus not 'an end in itself'

Bigger budget surplus not 'an end in itself'

Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

Advice on negative gearing 'not out of the ordinary'

Advice on negative gearing 'not out of the ordinary'

Advice on negative gearing 'not out of the ordinary'

Advice on negative gearing 'not out of the ordinary'

Debate over housing policy prompted Treasury advice on negative gearing, says Jim Chalmers after the PM denied the government had plans to reform the scheme.

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

Retail sales to show economy continues to sputter along

The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.

Failure to inform about missile blast was irresponsible

Failure to inform about missile blast was irresponsible

Failure to inform about missile blast was irresponsible

Failure to inform about missile blast was irresponsible

The lack of warning from Beijing to its neighbours about the test launch of an intercontinental ballistic missile over the Pacific was "irresponsible".

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China stimulus a 'very good development for Australia'

After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.

Fallen star: $500 million wiped from Star on ASX

The value of Star Entertainment has plummeted on the ASX after $500 million dollars was slashed from the casino giant's worth as its shares were unfrozen

Endeavour for new CEO as Donohue departs

The owner of Dan Murphy's has started searching for a new CEO following the announced departure of its current leader who will leave behind a slowing business.

Major supermarkets breached trust, Albanese says

It is "a breach of trust" for supermarkets to behave like this, Anthony Albanese says after Coles and Woolworths were criticised over "misleading" specials.

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Aldi reigns supreme as more customers compare grocers

Aldi has prevailed in a second supermarket basket comparison, a process many customers are carrying out before their weekly shop.

Chips are down as Star posts huge loss, cashes in jobs

Star Entertainment has written down the value of its three casinos by $1.4 billion as its new CEO plots a path to turn around the fortunes of the company.

Treasurer's rare trade trip recipe for Chinese success

Jim Chalmers is using a two-day visit to China to boost trade ties, as the foreign minister moves to ease diplomatic tensions.

Shopping around could help lower grocery prices for all

Aldi shoppers are paying significantly less than Coles or Woolworths customers but the biggest savers could be those shopping across all three.

No clear winner for Australia in US poll: former envoy

Australian businesses could be hurt no matter who wins the US presidency, with flagged economic policies aimed at China potential threats, a former envoy says.

More borrowers falling behind but better days are ahead

Some households are doing it tougher due to high inflation and interest rates but conditions are about to improve, a Reserve Bank of Australia report says.

Energy giant fined $14 million for misleading prices

EnergyAustralia has been heavily fined for making false, misleading or deceptive statements that may have prevented consumers from getting the best deal.

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