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Latest news: Economy, Business and Finance

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

'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.

Well-known Aussie wine brands offloaded by French owner

Well-known Aussie wine brands offloaded by French owner

Well-known Aussie wine brands offloaded by French owner

Well-known Aussie wine brands offloaded by French owner

Pernod Ricard has sold most of its portfolio of international wine brands, including Australia's Jacob’s Creek, Orlando and St Hugo, to a consortium.

Govt confident in power plant after explosion report

Govt confident in power plant after explosion report

Govt confident in power plant after explosion report

Govt confident in power plant after explosion report

The Queensland government believes the state-owned operators of a power plant will do better after safety failings were revealed in a report on an explosion.

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Energy minister all-in on 'batteries on wheels'

Energy minister all-in on 'batteries on wheels'

Vehicle-to-grid and vehicle-to-home charging will feature in a consumer energy road map Energy Minister Chris Bowen will put to state ministers this week.

Signs point to slow start for economy in new year

Signs point to slow start for economy in new year

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

Culture wars reignite over 'disingenuous' energy change

Culture wars reignite over 'disingenuous' energy change

Renewables will be in the energy mix under a nuclear-powered coalition government, but investment has stalled and emissions are flatlining, the opposition says.

Clean energy sector rallies against nuclear 'mistruths'

Clean energy sector rallies against nuclear 'mistruths'

A clean energy industry body has sounded the alarm on "bad faith actors" who are accused of using misinformation to mislead Australian voters on nuclear power.

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Green tick for big Sun Cable solar farm and subsea line

Green tick for big Sun Cable solar farm and subsea line

Green tick for big Sun Cable solar farm and subsea line

Green tick for big Sun Cable solar farm and subsea line

An intercontinental renewable power project to export solar energy to Asia from one of the most remote places on earth has received environmental approval.

Online shopping spree despite cost-of-living crisis

Online shopping spree despite cost-of-living crisis

Online shopping spree despite cost-of-living crisis

Online shopping spree despite cost-of-living crisis

Australians are still turning to online retail therapy despite household spending slowing due to cost-of-living pressures.

Rate hike chance 'incredibly slim' in bumpy last mile

Rate hike chance 'incredibly slim' in bumpy last mile

Rate hike chance 'incredibly slim' in bumpy last mile

Rate hike chance 'incredibly slim' in bumpy last mile

Australia is charting a similar rocky path down from elevated inflation as other major economies, economists say, but is only a few steps behind.

Gridlock on new energy transmission adds to bill shock

Gridlock on new energy transmission adds to bill shock

Gridlock on new energy transmission adds to bill shock

Gridlock on new energy transmission adds to bill shock

Delays for energy transmission projects over the past decade, under both major parties, are adding to power bills and making the nation's network less reliable.

'Significant' funding floats green hydrogen export hub

'Significant' funding floats green hydrogen export hub

'Significant' funding floats green hydrogen export hub

'Significant' funding floats green hydrogen export hub

Australian-made green hydrogen could power fuel-cell vehicles across Asia within 10 years as a proposed floating export hub attracts major funding.

Banks lashed for ripping off poorer customers

Banks lashed for ripping off poorer customers

Banks lashed for ripping off poorer customers

Banks lashed for ripping off poorer customers

The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.

RBA to get jobs piece of the puzzle ahead of rates call

RBA to get jobs piece of the puzzle ahead of rates call

RBA to get jobs piece of the puzzle ahead of rates call

RBA to get jobs piece of the puzzle ahead of rates call

Australia's labour market is slowly softening and the Reserve Bank will be watching this week's labour force data for further confirmation of this trend.

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Aussie 'FinFra': Magic wand for technology trailblazers

Australia faces a deadline for decommissioning the decades-old payments system for handling wages, bills and welfare as the velocity of the economy increases.

Australian dollar set to rise into 2025, experts say

With the US Federal Reserve now seen as likely to aggressively cut interest rates in 2024, the Australian dollar could reach 70 US cents.

BHP suspending WA nickel operations amid global glut

Nickel operations across WA are being suspended by mining giant BHP due to an oversupply and plummeting prices for the mineral.

Echoes of pandemic as freight woes lift consumer prices

Australians could be forced to spend more on items ranging from confectionery to luxury items and medical goods as a result of global shipping issues.

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Victorians bear more cost blowouts to public projects

More than 100 Victorian building projects faced cost blowouts after the state government updated its guide to address the risk of price increases.

Cheaper materials take edge off home-building costs

Residential construction costs have finally stabilised after a prolonged period of strong price growth put pressure on the industry.

Truckie shortage 'crisis' to hurt strained supply chain

There aren't enough truckies to keep up with Australian demand and a leading transport group is warning that could put the nation's entire supply chain at risk.

Smart meters to keep the lights on, one home at a time

Some $50 million for the latest home energy tech aims to help consumers save money by controlling car charging, solar panels, batteries, hot water and aircon.

Gas before nuclear 'thought bubble' as coal reign ends

Gas will keep the lights on in Australia's most populous state, the NSW energy minister says, while dismissing a proposed nuclear power option.

Pacific banking bolstered with federal $6 million boost

Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.

Home lending slips but still well ahead over the year

Both owner-occupier and investor lending slid in May after three months of growth, yet the total value of loans is holding up as property prices rise.

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