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Latest news: Economy, Business and Finance

Senator, insurer clash over cyclone 'price-gouging'

Senator, insurer clash over cyclone 'price-gouging'

A major insurer has been accused of making big profits during natural diasters at an inquiry into the impacts of climate change on the insurance sector.

Property market picking up in smaller capital cities

Property market picking up in smaller capital cities

Property market picking up in smaller capital cities

Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

QBE doubles half-year net profit to $US802 million

Insurance group QBE has announced an almost two-fold improvement in its first-half profit on higher premiums and favourable investment returns.

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RBA governor pours cold water on talk of early rate cut

RBA governor pours cold water on talk of early rate cut

The central bank says inflation remains too high and warned it could hike again, keeping the spotlight on government efforts to fight inflation.

Transmission approval 'huge step' for region, farmers

Transmission approval 'huge step' for region, farmers

A transmission project with farmers involved will connect a swathe of regional Australia to the electricity network after securing federal government approval.

AMP shares surge on 'transformational' advisor deal

AMP shares surge on 'transformational' advisor deal

The once-mighty financial services company AMP has announced a "transformational" joint venture for the loss-making advice division.

Property giant Mirvac warns of 'challenging' conditions

Property giant Mirvac warns of 'challenging' conditions

Mirvac is investing in build-to-rent apartments and industrial sites as it slashes the value of high-rise offices and warns of ongoing challenging conditions.

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No plans to change state's public service WFH policy

No plans to change state's public service WFH policy

No plans to change state's public service WFH policy

No plans to change state's public service WFH policy

Public servants in Queensland will maintain work-from-home arrangements after the premier quashed any changes to the flexible policy.

New battery crackdown after 50 blazes this year

New battery crackdown after 50 blazes this year

New battery crackdown after 50 blazes this year

New battery crackdown after 50 blazes this year

E-bikes and e-scooters will have to meet new battery standards in coming months in one state, after a spate of difficult-to-contain fires.

Rising cost of living hammers renters and mortgage belt

Rising cost of living hammers renters and mortgage belt

Rising cost of living hammers renters and mortgage belt

Rising cost of living hammers renters and mortgage belt

Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs.

Aussie market sell off 'merely a blip'

Aussie market sell off 'merely a blip'

Aussie market sell off 'merely a blip'

Aussie market sell off 'merely a blip'

The ASX200's 5.8 per cent plunge over Friday and Monday was uncomfortable, but pullbacks are the price of investing in the stock market, experts say.

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

Public sector back-to-office order prompts confusion

Public sector back-to-office order prompts confusion

Public sector back-to-office order prompts confusion

Public sector back-to-office order prompts confusion

Government sector staff have been told to start primarily working from the office but department heads issued their own advice at odds with the premier.

Premier pumps up transport vision ahead of election

Premier pumps up transport vision ahead of election

Premier pumps up transport vision ahead of election

Premier pumps up transport vision ahead of election

Motorists would be able to fill up their vehicles at state-owned petrol stations with capped price rises under a re-election pitch by Queensland's government.

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Call for Woodside to respect decision on 'climate bomb'

A decision to defuse a "climate bomb" could be imminent as a regulator reportedly puts pristine marine life ahead of Australia's biggest proposed gas field.

'National shame': kids facing life on couches, in tents

For many of the 125,000 Australian children without stable housing, a life of disadvantage, crime and poor health outcomes await without intervention.

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

'Digital divide' as many miss out on budget-busting AI

Being able to use energy at the right time and without waste is one of the emissions and budget-busting side benefits of artificial intelligence.

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Diggers count losses on battery minerals, gold shines

Mining bosses and investors gathering in an outback city are counting their losses as the decarbonisation and battery minerals bubble bursts.

Mark Knopfler started career strumming tennis racquets

Dire Straits maestro guitarist Mark Knopfler has revealed his stellar strumming career began as a child, practising on 'dodgy little tennis racquets'.

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

Children becoming homeless as housing crisis bites

About a third of Australians experiencing homelessness are young people, prompting a plea for action on housing as even those in the market struggle with cost.

Rising property prices push loan sizes through the roof

Soaring real estate prices in mid-sized capitals has pushed the average new owner-occupier mortgage to record levels.

Ore-some state tipped to win race for green steel jobs

Higher-grade iron ore, deep water ports and a 100-per cent renewable energy grid give South Australia the edge on other states chasing future green steel jobs.

Room with a view comes at high price on tourist strip

High-rise apartment owners at a popular Australian tourist spot have been slugged with a "view tax" sending council rates to new heights.

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