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The Latest News from economy, business and finance

Shoppers seek Boxing Day bargains across the country

Shoppers seek Boxing Day bargains across the country

Australians have splurged at unprecedented sales on Boxing Day spurred on by a cost-of-living crisis this year.

Maersk preparing for resumption of Red Sea voyages

Maersk preparing for resumption of Red Sea voyages

Maersk preparing for resumption of Red Sea voyages

Maersk preparing for resumption of Red Sea voyages

Maersk vessels will soon resume sailing through the Red Sea, the shipping company says, following the establishment of an international naval operation there.

Church leaders call for hope and love at Christmas

Church leaders call for hope and love at Christmas

Church leaders call for hope and love at Christmas

Church leaders call for hope and love at Christmas

Australians have been urged to look at Christmas as a time for hope in the midst of natural disasters, international conflicts and economic challenges.

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Equity crowdfunding site attracts capital for start-ups

Equity crowdfunding site attracts capital for start-ups

A crowdfunding platform has raised more than $2 million to continue to connect Aussie start-ups with grassroots investors who want to back sustainable success.

New transport minister reveals costs of major projects

New transport minister reveals costs of major projects

The cost of 32 major road and rail projects across Queensland has almost doubled, with new Transport Minister Bart Mellish promising transparency on the issue.

New fuel standards to reduce driver health risk: PM

New fuel standards to reduce driver health risk: PM

New fuel quality standards will be introduced to limit the amount of noxious emissions from vehicles, bringing Australia into line with other western countries.

Population growth to ease as migration levels normalise

Population growth to ease as migration levels normalise

Australia’s population growth has been boosted by higher migration post-pandemic, but these levels will stabilise in coming years.

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Sun protection pioneer to weave $10m into new clothing

Sun protection pioneer to weave $10m into new clothing

Sun protection pioneer to weave $10m into new clothing

Sun protection pioneer to weave $10m into new clothing

A pioneering sun protection clothing company has attracted $10 million from a federal growth fund to expand its range and forge new partnerships.

Cost of living relief under consideration for new year

Cost of living relief under consideration for new year

Cost of living relief under consideration for new year

Cost of living relief under consideration for new year

Australians on low and middle incomes could be in for further relief as the Albanese government considers how it can help households under strain.

Steeper cost of small reactors a blow to nuclear push

Steeper cost of small reactors a blow to nuclear push

Steeper cost of small reactors a blow to nuclear push

Steeper cost of small reactors a blow to nuclear push

A push to add nuclear to Australia's energy mix may be silenced by a steep upward revision of the cost of small reactors by the national science agency.

Plug pulled on EV rebate as tax take swells SA coffers

Plug pulled on EV rebate as tax take swells SA coffers

Plug pulled on EV rebate as tax take swells SA coffers

Plug pulled on EV rebate as tax take swells SA coffers

Higher payroll tax and stamp duty revenue will propel the South Australian government to successive budget surpluses, despite fears its GST share will be cut.

Houthis threaten US warships if they target rebels

Houthis threaten US warships if they target rebels

Houthis threaten US warships if they target rebels

Houthis threaten US warships if they target rebels

Yemen's Houthi leader says his militia does not fear the United States and has warned outsiders not to target the rebels over attacks in the Red Sea.

Productivity rebounds as pandemic bubble bursts

Productivity rebounds as pandemic bubble bursts

Productivity rebounds as pandemic bubble bursts

Productivity rebounds as pandemic bubble bursts

The pandemic's influence on the economy and job choice is wearing off, allowing productivity growth to snap back to pre-pandemic levels.

Telco hit with $100k fine for breaching anti-scam laws

Telco hit with $100k fine for breaching anti-scam laws

Telco hit with $100k fine for breaching anti-scam laws

Telco hit with $100k fine for breaching anti-scam laws

A small telco has been slapped with a $100,000 fine for breaching anti-scam obligations among a number of failings uncovered by a watchdog's investigation.

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Firmer footing for Australian economy later in 2024

A surprisingly positive reading for a key leading index points to green shoots for the economy, though one-off factors may be responsible for the upbeat result.

ACCC warns of higher prices without right merger reform

The consumer watchdog has poured cold water on merger reform models proposed by Treasury and says its compulsory notification model strikes the right balance.

US leads Red Sea operation amid attacks trade fears

The United States says "Operation Prosperity Guardian" will defend against attacks by Yemeni Houthi rebels on commercial vessels in the Red Sea.

Growth, ore prices to swell WA budget surplus to $3.7b

A $3.7 billion operating surplus for 2023/24 has been projected by the WA government, up from May's $3.3 billion amid the highest economic growth in nine years.

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RBA wary of unemployment jump ahead of rates call

The central bank board mulled over another cash rate increase or staying on hold at the December meeting, and kept its options open for more tightening.

Surge in households seeking support as Christmas looms

Vulnerable West Australian and Tasmanian households are struggling to afford the basics amid cost of living and housing crises, new reports say.

Housing crisis: don't blame migrants for the mess

Housing groups and social service organisations say decades of poor policy choices are chiefly to blame for surging rents, not migration levels.

Turkish airline lands flight deal in wake of Qatar snub

Turkish Airlines has been granted an expansion of services into Australia in a federal government decision following its rejection of a similar Qatari bid.

Liddell battery 'milestone' for end of coal-fired power

Australia's biggest polluter AGL Energy has made a final investment decision on a big battery that marks another milestone in the end of coal-fired electricity.

US announces mission to counter ship attacks in Red Sea

The US and a host of other nations are creating a force to protect ships in the Red Sea that have come under attack from Houthi-controlled areas of Yemen.

Google inks solar farm deal to help big data go green

Tech giant Google wants to run on 24/7 carbon-free power by 2030 everywhere they operate, including Australia, which means data storage must go green.

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