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Latest news: Economy, Business and Finance

Jobs market 'softens around the edges' after rate rises

Jobs market 'softens around the edges' after rate rises

The unemployment rate has fallen to 3.6 per cent from 3.7 per cent, according to official data, after a modest 7000 jobs were added to the economy.

Reserve Bank of Australia records $6b loss for 2022/23

Reserve Bank of Australia records $6b loss for 2022/23

Reserve Bank of Australia records $6b loss for 2022/23

Reserve Bank of Australia records $6b loss for 2022/23

The Reserve Bank of Australia has reported a loss of $6 billion for 2022/23, including valuation losses from higher bond yields.

High Court's EV ruling may pull the plug on other taxes

High Court's EV ruling may pull the plug on other taxes

High Court's EV ruling may pull the plug on other taxes

High Court's EV ruling may pull the plug on other taxes

A High Court decision to rule Victoria's electric vehicle tax constitutionally invalid could leave similar levies vulnerable to legal challenge.

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Say hello digital 'kitty', goodbye to freeloading mates

Say hello digital 'kitty', goodbye to freeloading mates

An Aussie-inspired app lets people pre-pay before a group event, hens' night or holiday so there's no need to waste time chasing up freeloading mates.

Record rooftop solar slashes wholesale energy prices

Record rooftop solar slashes wholesale energy prices

Energy demand plunged as mild winter temperatures and record high rooftop solar output slashed wholesale electricity and gas prices, the latest data shows.

'Shock, after shock' poses inflation risk: RBA boss

'Shock, after shock' poses inflation risk: RBA boss

The global economic shocks just keep coming and Reserve Bank of Australia Governor Michele Bullock is concerned about the impact on the outlook for inflation.

Town, 1200 workers reeling with major mine set to close

Town, 1200 workers reeling with major mine set to close

About 1200 workers are in limbo and a Queensland town is reeling after Glencore announced one of the world's biggest copper mines would close in 2025.

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Buddy up to boost supply chains and economy, academic

Buddy up to boost supply chains and economy, academic

Buddy up to boost supply chains and economy, academic

Buddy up to boost supply chains and economy, academic

Economics Professor Richard Holden says Australia can stay on its path of 'economic exceptionalism' but reform will be necessary.

Animal-free fat adds meaty goodness to plant proteins

Animal-free fat adds meaty goodness to plant proteins

Animal-free fat adds meaty goodness to plant proteins

Animal-free fat adds meaty goodness to plant proteins

A food technology company that's made a breakthrough aimed at the plant-based protein market is pitching its wares at omnivores who enjoy their meat.

Hancock lawyers attack rivals in high-stakes trial

Hancock lawyers attack rivals in high-stakes trial

Hancock lawyers attack rivals in high-stakes trial

Hancock lawyers attack rivals in high-stakes trial

Gina Rinehart's lawyers have attacked two rival mining dynasties' billion-dollar claims for iron ore riches in closing arguments at a high-stakes legal battle.

Big backyards could hold key to solve housing crisis

Big backyards could hold key to solve housing crisis

Big backyards could hold key to solve housing crisis

Big backyards could hold key to solve housing crisis

The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.

'Low tolerance' for slower return to target: RBA

'Low tolerance' for slower return to target: RBA

'Low tolerance' for slower return to target: RBA

'Low tolerance' for slower return to target: RBA

Australia could be galloping towards a Melbourne Cup interest rate rise if progress on inflation proves too slow and the labour market too resilient.

Youth on YouTube with fries, wearing Cotton On: survey

Youth on YouTube with fries, wearing Cotton On: survey

Youth on YouTube with fries, wearing Cotton On: survey

Youth on YouTube with fries, wearing Cotton On: survey

YouTube retains its crown as a place of belonging and entertainment for Australia's Generation Z, according to this year's YouthInsight survey.

Aussies urged to lead charge and hang up on phone waste

Aussies urged to lead charge and hang up on phone waste

Aussies urged to lead charge and hang up on phone waste

Aussies urged to lead charge and hang up on phone waste

A year of action will encourage people to dial in to the "circular economy" by handing in their old mobile phone when buying a new one.

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Households bracing for more energy, petrol pain

Cost of living pressures continue to stretch household budgets thin, with power bills projected to grow and petrol prices tipped to stay high.

Crypto regulation proposal a 'critical milestone'

Australian cryptocurrency exchanges are mostly welcoming a proposal to subject them to the same licensing rules as traditional financial institutions.

Consumers could pay more under workplace changes: Uber

Rideshare and delivery platform Uber wants more clarity from Labor's workplace reform bill to preserve the flexibility and viability of its services.

Rise of artificial intelligence creates heavy workload

Internet giants, power networks and communications companies are being urged to consider the massive load that comes with the rise of artificial intelligence.

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Better protection for Australians' online crypto assets

Treasurer Jim Chalmers has unveiled a proposal for legislation to better protect Australians using digital currencies.

Qantas loyalty chief announces she's stepping down

Qantas loyalty chief executive Olivia Wirth has announced she will leave the airline for other roles after spending 14 years at the company.

Steel, construction gears up for tracking carbon load

An Aussie tech start-up has struck a deal with a steelmaking giant for a carbon-tracking pilot that could help to shrink the impact of the construction sector.

All eyes on jobs data as marker of economic health

Fresh jobs data will offer key insights into the health of the economy as the Reserve Bank tries to navigate its soft landing.

Getting under the world's skin with Aussie 'cosmedics'

The brains behind an emerging beauty empire has become the first woman founder in the Australian Business Growth Fund investment portfolio.

Financial pressures nudging retirees back to work

Many Australians are putting off retirement or returning to work, though ageism remains a key concern for older people considering the move.

Looming job market slowdown to hit young workers hard

The strength of the jobs market has been puzzling economists although a number of indicators are signalling a weaker trend to come.

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