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Latest news: Economy, Business and Finance

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ admits 'unacceptable failure' as bond probe ongoing

ANZ's chief has issued a personal apology to the Australian Office of Financial Management boss as investigations into trading and conduct issues are ongoing.

Origin Energy backs big batteries to support east coast

Origin Energy backs big batteries to support east coast

Origin Energy backs big batteries to support east coast

Origin Energy backs big batteries to support east coast

Origin Energy will invest $450 million in the Eraring big battery project as part of a plan to accelerate its renewable energy generation and storage footprint.

Customers despair as telcos ignore complaints

Customers despair as telcos ignore complaints

Customers despair as telcos ignore complaints

Customers despair as telcos ignore complaints

Most of the one in two Australians who experience problems with their telco opt not to complain because they feel "skeptical or overwhelmed", research shows.

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Big batteries for the 'heavy lifting' as cold snap hits

Big batteries for the 'heavy lifting' as cold snap hits

The more clean energy in the nation's network, the better it will be for power bills and keeping the lights on, experts say, despite a lull during a cold snap.

Call for ad ban on easy credit for groceries, medicines

Call for ad ban on easy credit for groceries, medicines

A popular form of credit to encourage online shopping has morphed into a crutch for trying to stay a step ahead of financial disaster, an inquiry has been told.

Woolies denies sending spy after farmers oust employee

Woolies denies sending spy after farmers oust employee

A Woolworths employee has been removed from a farming conference after being accused of spying on producers.

Fears of widespread disruption when 3G is switched off

Fears of widespread disruption when 3G is switched off

Telcos and the government may not realise the potential extent of disruptions when 3G is switched off, with concerns across health, construction and farming.

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Permits for new gas exploration risk 'climate disaster'

Permits for new gas exploration risk 'climate disaster'

Permits for new gas exploration risk 'climate disaster'

Permits for new gas exploration risk 'climate disaster'

Australia needs more gas to fast-track the phase out of coal, explorers say, but critics warn new offshore gas exploration permits are a "climate disaster".

IT outage compensation talk inevitable: CrowdStrike

IT outage compensation talk inevitable: CrowdStrike

IT outage compensation talk inevitable: CrowdStrike

IT outage compensation talk inevitable: CrowdStrike

The Australian president of CrowdStrike has apologised for the cybersecurity company's role in causing an outage that crippled global IT systems.

Rent squeeze adds extra juice for first-home buyers

Rent squeeze adds extra juice for first-home buyers

Rent squeeze adds extra juice for first-home buyers

Rent squeeze adds extra juice for first-home buyers

Renters across the nation face increasing rent hikes despite varied rental conditions, which is leading to some buying a home.

Deal for 'clean, reliable power' despite gas shortfall

Deal for 'clean, reliable power' despite gas shortfall

Deal for 'clean, reliable power' despite gas shortfall

Deal for 'clean, reliable power' despite gas shortfall

Another state has signed a federal renewable energy agreement, anticipating rising power demand in coming decades from new refineries and low-carbon industries.

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Halogen phase-out: light bulb moment for energy savings

Using more efficient, longer-lasting light bulbs required by tougher minimum energy performance standards could save homes and businesses thousands of dollars.

Home building to gather steam but undershoot 1.2m goal

Home building to gather steam but undershoot 1.2m goal

Home building to gather steam but undershoot 1.2m goal

Home building to gather steam but undershoot 1.2m goal

A recovery in home building is coming but will take time and is still expected to fall short of the 1.2 million national target.

Hints on state of economy as cost relief kicks in

Hints on state of economy as cost relief kicks in

Hints on state of economy as cost relief kicks in

Hints on state of economy as cost relief kicks in

Business sector data will offer insights on the health of Australia's economy in the weeks since tax breaks and other cost-of-living support came into effect.

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Bangladesh army enforces curfew as protests spiral

A strict curfew is in place across Bangladesh and the military patrolls the capital after days of deadly protests over the allocation of government jobs.

Global tech outage delays ease amid questions over cost

Delays at Australian airports after the global IT outage have eased but questions remain as to the cost to the economy and possible compensation.

Chaos as global IT outage crashes services nationally

Australian banks, governments, airports and media companies have been hit by a major global IT outage that has been ruled out as a malicious attack.

Home and car power to energise fresh national grid plan

Homes will send solar power into the energy grid when most needed and electric cars will plug in as a power plant on wheels under a consumer-owned energy plan.

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Winemakers need a decent drop of cash to survive

Vignerons have millions of litres of red wine sitting in tanks with nowhere to go, as producers tackle a complex system of levies, an independent report says.

Rates uncertainty takes sting out of home price growth

The temperature in the housing market appears to be coming down as interest rate uncertainty keeps more buyers on the sidelines.

UK's Starmer wants more cooperation on Ukraine, Europe

UK hosting the European Political Community conference shows hope for friendlier ties with the EU, post Brexit.

Renewable energy key to forging 'green iron corridor'

Australia can provide "corridors" of green iron for steelmakers in other countries as coal-fired furnaces become more risky, says a report surveying investors.

Mixed jobs data highlights rate balancing act for RBA

Demand for labour is still strong enough to soak up extra workers as the population grows, according to fresh Australian Bureau of Statistics jobs data.

Car auction site that misled buyers fined $10 million

An Australian online auction business has been hit with a multimillion dollar fine by the consumer watchdog after advertising false and misleading car listings.

'Gutted like a fish': Forrest on Fortescue job losses

Andrew Forrest says the Fortescue Group will continue to pursue its green hydrogen plan despite slashing 700 jobs in a bid to cut costs.

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