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Latest news: Economy, Business and Finance

Hiring go-slow ongoing as RBA keeps sights on inflation

Hiring go-slow ongoing as RBA keeps sights on inflation

Australia's labour market is easing but it has a way to go before it's consistent with low and stable inflation, a senior central bank official warns.

Australia leaks $100b from incontinence issue costs

Australia leaks $100b from incontinence issue costs

Australia leaks $100b from incontinence issue costs

Australia leaks $100b from incontinence issue costs

Incontinence affects more than seven million Australians, costing more than $100 billion in 2023 amid warnings one-in-three could be impacted by 2032.

Emerging markets could miss out on AI wins: World Bank

Emerging markets could miss out on AI wins: World Bank

Emerging markets could miss out on AI wins: World Bank

Emerging markets could miss out on AI wins: World Bank

Artificial intelligence may not necessarily make the fight against inequality any easier, the World Bank president has said during an Australian visit.

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Rates veto power must stay: Greens issue RBA demands

Rates veto power must stay: Greens issue RBA demands

The Greens want the treasurer to intervene and force the RBA to lower interest rates as it lays out its demands for support on troubled central bank reforms.

New fear unlocked: unemployment worries grip consumers

New fear unlocked: unemployment worries grip consumers

Consumers are becoming more concerned about the sluggish economy and what this could mean for jobs, with cost-of-living becoming a lower order worry.

Power to the 'energy underclass' as Australia retools

Power to the 'energy underclass' as Australia retools

The energy change "can't be about Teslas in teal seats", unions and community leaders tell a forum, with many households struggling to pay their power bills.

'Tired trope': most voters open to lower home prices

'Tired trope': most voters open to lower home prices

Australia's housing affordability mess has most voters in favour of lower prices and backing tax reform and other policy interventions to ease pressures.

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Miners lash PM as he plots future made in Australia

Miners lash PM as he plots future made in Australia

Miners lash PM as he plots future made in Australia

Miners lash PM as he plots future made in Australia

The "under siege" mining industry warns it can't afford to compete internationally under Australia's environmental, workplace and tax laws.

Women ditching part-time as COVID redefines flexibility

Women ditching part-time as COVID redefines flexibility

Women ditching part-time as COVID redefines flexibility

Women ditching part-time as COVID redefines flexibility

Part-time work is fading as the go-to way of meeting flexibility needs and this could open up opportunities to narrow gender-based economic disadvantage.

Housing sustainability framework stands up to scrutiny

Housing sustainability framework stands up to scrutiny

Housing sustainability framework stands up to scrutiny

Housing sustainability framework stands up to scrutiny

With one in seven forecast to be living in community housing within decades, a review finds foundations are in place as pressure builds for broader standards.

Call for net zero by 2035 to be a global climate leader

Call for net zero by 2035 to be a global climate leader

Call for net zero by 2035 to be a global climate leader

Call for net zero by 2035 to be a global climate leader

Australia has been urged to harden its emissions reduction targets at a "critical juncture" in the fight against climate change as leaders gather for a forum.

Cane promise 'breathes life' into embattled mill, town

Cane promise 'breathes life' into embattled mill, town

Cane promise 'breathes life' into embattled mill, town

Cane promise 'breathes life' into embattled mill, town

Far north Queensland cane farmers are breathing a tentative sigh of relief after the Liberal National Party made an election commitment for a struggling mill.

Treasurer backs inflation target, despite rates risk

Treasurer backs inflation target, despite rates risk

Treasurer backs inflation target, despite rates risk

Treasurer backs inflation target, despite rates risk

Jim Chalmers has acknowledged there's tension between fiscal and monetary policy, but argues the government and the central bank have the same objective.

Green shoots for consumer mood burnt by cost-of-living

Green shoots for consumer mood burnt by cost-of-living

Green shoots for consumer mood burnt by cost-of-living

Green shoots for consumer mood burnt by cost-of-living

Confidence is gradually returning to consumers, with interest rate hikes broadly off the table and tax relief helping to beat the blues.

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Employees working two or more jobs trending down

While the number of people working more than one job fell by 1.2 per cent, nearly one million Australians are in multiple professions.

Landlord's market as property investor lending swells

Lending to investors continues to lead the charge and outpace home loans taken out by owner-occupiers.

Short, stout and scuppering $50 billion gas field plans

An oil spill and related activities are already inferred to have a significant and ongoing impact on a reef-dwelling reptile, triggering an endangered marking.

Red meat, nuclear power off the climate response menu

Australia must cut emissions more quickly and fairly, environmental and social advocates say, while investors welcome clarity from an official climate review.

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Remote island's century-old cheese maker to close

King Island Dairy, on the tiny Bass Strait outpost, will close in mid-2025 after a buyer could not be found, owner Saputo has announced.

'Passport to a good life': high-tech TAFE funds boost

The NSW and federal government are going halves in a new TAFE centre of excellence in western Sydney designed to help Australians keep pace with technology.

Fight to save jobs as The Star's casino empire teeters

Star Entertainment's financial woes have fuelled concerns for the future of thousands of casino jobs.

Slowing growth impacts women's financial equality

It remains two steps forward and one step back for women's financial equality with experts saying gender norms are fuelling the gap.

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

Company charged in state first after miner's death

A Queensland mining company has been charged with industrial manslaughter in a state first after an experienced coal miner died when a roof collapsed years ago.

Big batteries win taxpayer support after hectic auction

Big batteries with enough energy storage to power one million homes have been selected for taxpayer funding in the first round of a capacity investment scheme.

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