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Latest news: Economy, Business and Finance

Tourism bouncing back with record visitor spending

Tourism bouncing back with record visitor spending

International visitors are spending the most since 2019 as the tourism industry inches closer to recovering from the impacts of the COVID-19 pandemic.

Aussies cooking with gas not nuclear under network plan

Aussies cooking with gas not nuclear under network plan

Aussies cooking with gas not nuclear under network plan

Aussies cooking with gas not nuclear under network plan

Renewable energy and more gas is the cheapest way to power a net-zero economy, with electricity demand tipped to double by 2050 as homes and cars go electric.

Vow to fix issues as report faults power firm for blast

Vow to fix issues as report faults power firm for blast

Vow to fix issues as report faults power firm for blast

Vow to fix issues as report faults power firm for blast

Queensland's government vows to fix issues that contributed to a power plant explosion after a draft report identified failings by its state-owned operator.

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BHP rejects hydrogen and hybrids, backs electric trucks

BHP rejects hydrogen and hybrids, backs electric trucks

Investors have been warned that BHP's carbon footprint will get worse before it gets better as production ramps up to meet global demand.

Aussies feel social media fails to stop 'scam war'

Aussies feel social media fails to stop 'scam war'

One in five Australians believe social media giants are encouraging scams to occur on the platforms, a new survey reveals.

Flipping good deal: property profits hit a 14-year high

Flipping good deal: property profits hit a 14-year high

More than 94 per cent of national home sales in the first three months of 2024 recorded a nominal gain, the highest profitability rate since 2010.

Living cost relief, housing top ACT's budget priorities

Living cost relief, housing top ACT's budget priorities

Cost-of-living help has been handed to struggling to households in an ACT budget that also vies to tackle the housing crisis and other slower-burn challenges.

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Pipes dream underpins Adelaide housing roadmap

Pipes dream underpins Adelaide housing roadmap

Pipes dream underpins Adelaide housing roadmap

Pipes dream underpins Adelaide housing roadmap

SA Premier Peter Malinauskas launched his housing roadmap, promising to increase land supply, expedite the planning process and solve infrastructure challenges.

Bitter move as brewery shifts beer production mainland

Bitter move as brewery shifts beer production mainland

Bitter move as brewery shifts beer production mainland

Bitter move as brewery shifts beer production mainland

Tasmanian brewer James Boag's will shift some of its beer production to the mainland for the first time, leaving more than a dozen workers out of a job.

'Catastrophic' power plant explosion avoidable: report

'Catastrophic' power plant explosion avoidable: report

'Catastrophic' power plant explosion avoidable: report

'Catastrophic' power plant explosion avoidable: report

An explosion at a Queensland coal-fired power plant could have been avoided if safety measures were implemented at the station, a draft independent report says.

Jitters from Reserve Bank dent consumer confidence

Jitters from Reserve Bank dent consumer confidence

Jitters from Reserve Bank dent consumer confidence

Jitters from Reserve Bank dent consumer confidence

An unsettled economic narrative has consumers on edge and worried about another interest rate hike.

Westpac sanctioned over 'serious' bank closure breach

Westpac sanctioned over 'serious' bank closure breach

Westpac sanctioned over 'serious' bank closure breach

Westpac sanctioned over 'serious' bank closure breach

Westpac breached banking protocols when it suddenly closed an outback branch, leaving the community to rely on a local charity, an investigation has found.

Worsening rental affordability hurting regions

Worsening rental affordability hurting regions

Worsening rental affordability hurting regions

Worsening rental affordability hurting regions

Renters in the regions are having to find an extra $153 a week to go towards keeping a roof over their heads, on average, compared to June 2020.

Cash still king as big business bails out Armaguard

Cash still king as big business bails out Armaguard

Cash still king as big business bails out Armaguard

Cash still king as big business bails out Armaguard

Some of Australia's biggest companies have put their money where their mouth is by stepping in to save cash carrier Armaguard in a $50 million deal.

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Inflation gauge to offer cold comfort for borrowers

May consumer price data gives the Reserve Bank another glimpse of how interest rate levels are working to bring inflation to heel.

Chilly residents wonder why Australian homes so cold

As more residents take to social media complaining about cold homes, experts warn chilly interiors can impact people's health and wellbeing even if they rug up.

Nuclear showdown set to atomise federal parliament

Heated debates over nuclear reactors, energy bills and the cost of living will ignite Parliament House as both houses return for the sitting week.

Tax cuts to see families pocket an extra $60 a week

The latest tax cuts will see families with children pocket more than $60 a week on average, Treasury analysis shows.

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Dutton doubles down on nuclear, sledges PM

The prime minister is a “child in a man’s body”, Opposition Leader Peter Dutton says, as he ensures nuclear energy policy will be a centrepiece of the election.

Dutton promises back-to-basics economic election plan

Federal Opposition Leader Peter Dutton has pledged to rein in unnecessary spending and get the budget back on track if the coalition wins the next election.

Tourist bucks weigh in with record economy boost

Travel and tourism will contribute more to Australia’s economy in 2024 than any year on record, according to international forecasts.

'Hoax': report backing live sheep export ban savaged

Peak livestock and farming bodies have derided a report backing a ban on Australian live sheep exports, saying the inquiry that led to it was a sham.

Middle East and Europe 'exemplars' for nuclear plan

Europe and the Middle East could provide a model for Australia to deploy nuclear energy but its development would be expensive, an advocate admits.

Nuclear conflict brews in coalition over renewables

Australians are being asked to choose between two options for the nation's energy future, but the coalition is already arguing internally over renewables.

Australians dabble with crime as cost of living bites

Thefts of groceries and alcohol are increasing, with police citing the cost of living and high interest rates as factors turning non-offenders to crime.

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