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The Latest News from economy, business and finance

Google inks solar farm deal to help big data go green

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.

Freelance boom overstated as self-employment rates wane

Freelance boom overstated as self-employment rates wane

Freelance boom overstated as self-employment rates wane

Freelance boom overstated as self-employment rates wane

Freelancing has not taken over the world as some forecasters expected, but rather become more precarious, based on research from a public policy think tank.

Higher tax payments help SA to first post-COVID surplus

Higher tax payments help SA to first post-COVID surplus

Higher tax payments help SA to first post-COVID surplus

Higher tax payments help SA to first post-COVID surplus

South Australia is back in black by $41 million, but growing operating expenses have resulted in a lower surplus than expected.

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Alcoa mines probe over plan to clear state forest

Alcoa mines probe over plan to clear state forest

Two Alcoa bauxite mines will be put under the microscope to assess their potential impacts on water catchments, the community, a forest and the climate.

Experts urge government to dump Woodside project

Experts urge government to dump Woodside project

More than 50 scientists, including Professor Fiona Stanley, have urged the state and federal governments to axe Woodside's plan to expand a gas plant.

Billion-dollar Christmas splurge a gift for retailers

Billion-dollar Christmas splurge a gift for retailers

Shoppers are tipped to spend $9 billion at stores in the week before Christmas, the Australian Retailers Association says.

Mixed bag for Aussie commodities in evolving economy

Mixed bag for Aussie commodities in evolving economy

Global vehicle manufacturing, including China's need for raw materials for electric cars exported to the world, are driving iron ore and aluminium exports.

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Smart homes to save energy costs in virtual power plant

Smart homes to save energy costs in virtual power plant

Smart homes to save energy costs in virtual power plant

Smart homes to save energy costs in virtual power plant

A virtual power plant made up of rooftop solar, car batteries, pool pumps and hot water systems is expected to save electrified households hundreds of dollars.

Rationale behind RBA's December rates call on show

Rationale behind RBA's December rates call on show

Rationale behind RBA's December rates call on show

Rationale behind RBA's December rates call on show

The minutes from the December interest rate meeting will outline the Reserve Bank's thinking on inflation as households gear up for the festive season.

Aussie ingenuity powers space satellites, future fuels

Aussie ingenuity powers space satellites, future fuels

Aussie ingenuity powers space satellites, future fuels

Aussie ingenuity powers space satellites, future fuels

A small but expert manufacturer in an industrial suburb has developed high-tech fuel tanks for use in space in a breakthrough for future fuels transport.

British wind can unlock Australia's 'superpower' future

British wind can unlock Australia's 'superpower' future

British wind can unlock Australia's 'superpower' future

British wind can unlock Australia's 'superpower' future

Superior climate and energy policies have become a vote winner as well as an economic and security imperative, British High Commissioner Vicki Treadell says.

Australian shares gain, enjoy second-best week of 2023

Australian shares gain, enjoy second-best week of 2023

Australian shares gain, enjoy second-best week of 2023

Australian shares gain, enjoy second-best week of 2023

The local share market has finished Friday up 0.9 per cent to gain 3.4 per cent for the week after the Fed's dovish pivot.

Savers miss out as banks exploit 'consumer inertia'

Savers miss out as banks exploit 'consumer inertia'

Savers miss out as banks exploit 'consumer inertia'

Savers miss out as banks exploit 'consumer inertia'

The consumer watchdog says many bank customers are paying the loyalty tax on their savings accounts and could be earning more interest.

'Real, growing risk' of power generation falling short

'Real, growing risk' of power generation falling short

'Real, growing risk' of power generation falling short

'Real, growing risk' of power generation falling short

Energy market tsars are out of step with the "rooftop revolution" and other household energy that could be harnessed in a clean, low-cost system, critics say.

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Gas shortfall forecast without significant demand drop

Extra costs for transporting Queensland gas south to other states are expected to hit the east coast gas market next year, adding to supply pressures.

Pathology company merger off after regulator opposition

Australian Clinical Labs has dropped a takeover bid for fellow pathology company Healius after the competition regulator opposed the move.

Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders want National Australia Bank to stop funding gas company Santos, which is trying to build the Barossa project off the NT coast.

Airlines brace for busiest day of flights in four years

Travellers are hoping for clear skies ahead as airports and airlines prepare for their busiest day in four years, with capacity approaching pre-pandemic levels.

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Shares rally, Aussie dollar rises on dovish Fed pivot

The ASX200 has closed up 1.65 per cent to hit a four-month high, while the Aussie dollar climbed to more than 67 US cents on a mixed domestic jobs report.

More tax in government coffers hailed by treasurer

The mid-year fiscal update contained no extra cost of living relief, although the federal treasurer has not ruled out more help in his next budget.

'Walloped': NSW treasurer blames feds for budget strain

NSW Treasurer Daniel Mookhey has delivered a budget update his opponents have branded the "nightmare before Christmas".

Promising jobs data fuels hopes of soft landing

Despite a higher-than-expected 61,000 jobs being added to the economy in November, the jobless rate lifted to 3.9 per cent.

Parking meter app contract lacked transparency, value

The NSW Audit Office has slammed a contract entered into under the previous coalition government without officials engaging in a tender process.

Passport prices flying high thanks to 15 per cent hike

Australians looking to travel the globe have been stung with another increase in passport application fees, a move the opposition says will hurt the regions.

Stubbornly high inflation will eat into real wage gains

The federal budget is looking healthy thanks to a surprise revenue boost but inflation is proving persistent and is continuing to hurt household finances.

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