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Latest news: Economy, Business and Finance

States power up to shut down nuclear ambitions

States power up to shut down nuclear ambitions

As the federal opposition attempts to force the construction of nuclear reactors, state leaders say they will not go down without a fight.

Mortgage arrears hit three-year high amid uncertainty

Mortgage arrears hit three-year high amid uncertainty

Mortgage arrears hit three-year high amid uncertainty

Mortgage arrears hit three-year high amid uncertainty

The number of Australians behind on their mortgage has reached a three-year high with many making repayments by dipping into savings and working more.

Rising costs, rates cook record number of businesses

Rising costs, rates cook record number of businesses

Rising costs, rates cook record number of businesses

Rising costs, rates cook record number of businesses

Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins.

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Flexibility a gender gap win for women in government

Flexibility a gender gap win for women in government

The public sector has a smaller gender pay gap than the private sector and is leading on flexible work, a report from the gender equality agency shows.

Deals beyond 'baseline' pay rise could fuel budget pain

Deals beyond 'baseline' pay rise could fuel budget pain

Several unions want worker pay packets to rise beyond the NSW government's offer, but critics warn going further could hurt the budget for years.

Inflation-wary Reserve Bank spells long wait for cuts

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

Fears subsidy a 'quick fix' for remote cost of living

Fears subsidy a 'quick fix' for remote cost of living

A discount on essential items in Queensland remote communities has been welcomed, but some residents fear it may not be a long-term solution.

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Following the money, not hot air, for more wind farms

Following the money, not hot air, for more wind farms

Following the money, not hot air, for more wind farms

Following the money, not hot air, for more wind farms

Australia's green bank and international firms are generating more renewable energy projects, even as the political stoush over the nation's future warms up.

Rates on hold yet inflation risks remain on RBA's radar

Rates on hold yet inflation risks remain on RBA's radar

Rates on hold yet inflation risks remain on RBA's radar

Rates on hold yet inflation risks remain on RBA's radar

The threat of inflation has not been neutralised and the Reserve Bank is still prepared to pull the trigger on another interest rate hike if needed.

Record funds for social homes to fix NSW pressure point

Record funds for social homes to fix NSW pressure point

Record funds for social homes to fix NSW pressure point

Record funds for social homes to fix NSW pressure point

The NSW government plans to funds thousands of new social homes - spending more than any predecessor - while critics say another tweak will make matters worse.

'Encouraging signs': PM lauds improving ties with China

'Encouraging signs': PM lauds improving ties with China

'Encouraging signs': PM lauds improving ties with China

'Encouraging signs': PM lauds improving ties with China

China's premier has wrapped a four-day Australian visit with talks on economic ties and mineral exports as Anthony Albanese hails signs of more stable ties.

Home-building surge in tight budget of 'must-haves'

Home-building surge in tight budget of 'must-haves'

Home-building surge in tight budget of 'must-haves'

Home-building surge in tight budget of 'must-haves'

Record spending on social housing has headlined the Minns government's second budget as the NSW treasurer blames GST changes for rolling deficits.

'Concerning' lack of transparency over toxic pollution

'Concerning' lack of transparency over toxic pollution

'Concerning' lack of transparency over toxic pollution

'Concerning' lack of transparency over toxic pollution

A fossil fuel company neglected to tell residents that a nearby gas plant was emitting elevated levels of cancer-causing chemicals for more than a year.

Rebuffed BHP wired for bigger Aussie 'copper province'

Rebuffed BHP wired for bigger Aussie 'copper province'

Rebuffed BHP wired for bigger Aussie 'copper province'

Rebuffed BHP wired for bigger Aussie 'copper province'

South Africa's Anglo American may have rejected BHP's recent bid but the energy transition will drive copper demand for decades, including from South Australia.

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White 'idiot' activists told to butt out of Top End

Interstate environmental activists should stop blocking industrial projects that could benefit Indigenous people, a traditional owner has told a Senate inquiry.

Stubborn economic challenges hang over RBA rates call

A June interest rate meeting comes as the federal government defends its budget management in an economy facing slow growth and persistent inflation.

Renters could be hit in $1.5b 'sneaky' budget tax hike

Landlords, holiday-home owners and businesses could be hit with higher taxes in the NSW budget, while $200m has been set aside for homes for regional workers.

Ex-AFL CEO McLachlan to head gambling giant Tabcorp

Former AFL chief executive Gillon McLachlan has been announced as the new head of gambling company Tabcorp.

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Saving your brains for the good stuff, not 'grunt work'

Artificial intelligence tools can take the "grunt work" out of safeguarding vital systems against weakness and loss, according to energy companies and banks.

Cash can't crash: why physical money is here to stay

Experts say notes and coins are not about to vanish from circulation, despite more Australians choosing to go cashless at the counter and online.

RBA likely to hold rates as price pressures loiter

The Reserve Bank of Australia is expected to hold interest rates at 4.35 per cent and keep its options open on its next move.

Win for dudded savers as banks forced to alert changes

A suite of changes to banking regulations should make it easier for customers to move to more competitive home loan and saving account offers.

Crunch time for divestment of climate-harming companies

Big investors are using "stewardship" to get more nosy about what companies say they are doing and what they're actually doing to reduce their carbon footprint.

Banning sheep exports will kill towns, inquiry told

Farmers have gathered to protest a ban on live sheep exports, with witnesses at a fiery public hearing saying towns will die when the ban comes into effect.

Lack of technology poses 'existential risk' to ASIC

The boss of the financial services watchdog has revealed a lack of investment in data capability and technology is hampering its ability to tackle crime..

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