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Latest news: Economy, Business and Finance

Sony PlayStation Network outage angers gamers worldwide

Sony PlayStation Network outage angers gamers worldwide

Sony’s PlayStation Network has experienced a major outage across the world, leaving tens of thousands of gamers unable to access online services.

Tesla chooses Aussie coal town for battery repair site

Tesla chooses Aussie coal town for battery repair site

Tesla chooses Aussie coal town for battery repair site

Tesla chooses Aussie coal town for battery repair site

US electric vehicle and battery manufacturer Tesla has chosen an Australian coal town as the site for a new battery service, repair and renewal facility.

Best state at addressing housing crisis revealed

Best state at addressing housing crisis revealed

Best state at addressing housing crisis revealed

Best state at addressing housing crisis revealed

Planning reforms, streamlined development approvals and a strong focus on land releases are helping South Australia solve the state's housing shortage.

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Economic uncertainty clouds business investment outlook

Economic uncertainty clouds business investment outlook

The value of planned investment projects, such as road and rail infrastructure, has fallen as businesses cut costs in response to rising economic uncertainty.

Treasurer courts business with productivity promises

Treasurer courts business with productivity promises

Helping businesses leverage clean energy and AI will transform Australia to its "fourth economy" and improve productivity growth, Treasurer Jim Chalmers says.

One in three homeowners open to ditching gas

One in three homeowners open to ditching gas

Enthusiasm for all-electric homes is building, though a rapid shift away from gas risks lumping those who remain with an expensive network to cover.

Australia tops index as virtual power plants take shape

Australia tops index as virtual power plants take shape

Australia is poised for virtual power plants that connect households and slash bills but an expert warns nuclear reactors could force users off rooftop solar.

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'Golden age of gas': households, manufacturers miss out

'Golden age of gas': households, manufacturers miss out

'Golden age of gas': households, manufacturers miss out

'Golden age of gas': households, manufacturers miss out

Households and manufacturers have been left worse off by the east coast gas bonanza, and exporters face new competition from cheaper sources, a report warns.

US investments boost Australia's sovereign wealth fund

US investments boost Australia's sovereign wealth fund

US investments boost Australia's sovereign wealth fund

US investments boost Australia's sovereign wealth fund

Strength in US shares has helped Australia's sovereign wealth fund deliver a bumper 12.2 per cent return in 2024, exceeding its 6.4 per cent growth mandate.

China's new tariffs seen as 'measured response' to US

China's new tariffs seen as 'measured response' to US

China's new tariffs seen as 'measured response' to US

China's new tariffs seen as 'measured response' to US

China has retaliated swiftly with tariffs on US goods after President Donald Trump reignited the trade war between the two superpowers.

States warned to tighten spending or pay more to borrow

States warned to tighten spending or pay more to borrow

States warned to tighten spending or pay more to borrow

States warned to tighten spending or pay more to borrow

States' "lax financial discipline" has earned a rebuke from a credit ratings giant, which says they are at risk of paying higher interest bills to service debt.

Musk-like efficiency role 'strange' call for Australia

Musk-like efficiency role 'strange' call for Australia

Musk-like efficiency role 'strange' call for Australia

Musk-like efficiency role 'strange' call for Australia

Australia must cut red tape and reform its tax system to boost productivity and safeguard against a looming trade war, the Business Council says.

More than $15bn a year to save threatened species

More than $15bn a year to save threatened species

More than $15bn a year to save threatened species

More than $15bn a year to save threatened species

Climate change and other threats have 16 species headed for extinction no matter how much money is spent, new research shows.

Trump says new US sovereign wealth fund may buy TikTok

Trump says new US sovereign wealth fund may buy TikTok

Trump says new US sovereign wealth fund may buy TikTok

Trump says new US sovereign wealth fund may buy TikTok

An executive order signed by US President Donald Trump is set to create a sovereign wealth fund for the United States.

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US could feel 'pain' in China, Mexico trade war: Trump

US President Donald Trump has defended his decision to impose sweeping tariffs on products from Mexico, China and Canada as financial markets react.

Big bank clips rates as RBA mulls next move

Strong retail spending figures are not expected to deter the Reserve Bank from cutting rates at its next meeting as one big bank lowers fixed-rate loans.

'Fake culture': legal body's charity status under fire

Already vowing to axe taxpayer support, the coalition's latest salvo against an environment litigation body could strip it of charity status to choke off funds.

Jobs on a string in major energy grid expansion project

A transmission project in one of the most rugged parts of the world is a "litmus test" for whether a state government can stop jobs going offshore, an MP says.

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Canada, Mexico retaliate with hefty tariffs on US goods

Canada and Mexico have swiftly retaliated after Donald Trump imposed stiff tariffs on his neighbours' imports to the US, amid fears of a widespread trade war.

Fresh data to shed light on retail, housing strength

Australians are expected to have pulled back on retail spending after major sales, with the latest data unlikely to shift the dial for the Reserve Bank.

Nothing can delay Canada, Mexico, China tariffs: Trump

Asked if there is any opportunity for the three top US trading partners to win a delay, on his tariffs, Donald Trump says: "No, no. Not right now, no."

Aussie shares set another record on back of rates hype

The ASX200 has risen almost half a per cent to finish at its highest-ever level and end January up 4.6 per cent from where it started.

Funding agencies to weigh climate risk after case 'win'

Fossil fuel development may find it harder to get taxpayer funds in Australia after a "benchmark" case that opens the books on environmental harm, lawyers say.

Weight loss drugs, Trump and conflicts shape ag outlook

Australia's agriculture sector is poised for a strong year, but the Trump presidency, global conflicts and anti-obesity medications are creating uncertainty.

Cheap loans to keep emission-busting farmers profitable

From electric utes to cow feed that stops them burping as much methane, Australia's green bank is backing cheap loans to farmers and other equipment buyers.

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