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Latest news: Economy, Business and Finance

Electricity grid 'not fit for purpose' without new gas

Electricity grid 'not fit for purpose' without new gas

Consumers have been warned of higher taxes or power bills if gas remains banned under federal and state government building programs for new power generation.

Country towns banking on branch closure inquiry report

Country towns banking on branch closure inquiry report

Country towns banking on branch closure inquiry report

Country towns banking on branch closure inquiry report

After a year of hearing from regional communities, farmers and the banking sector, the inquiry into rural bank closures is due to hand down its final report.

Less money lost as scammers target side hustles

Less money lost as scammers target side hustles

Less money lost as scammers target side hustles

Less money lost as scammers target side hustles

Scammers were able to fleece less money out of Australians last quarter, even as fraudsters adapt to cost-of-living pressures with new tricks.

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Telstra urged to dial back 'appalling' mass job cuts

Telstra urged to dial back 'appalling' mass job cuts

Telco giant Telstra will axe up to nine per cent of its workers, chasing $350 million in cost savings as it focuses on better-performing parts of its business.

Consumer spending the wildcard in rate hike uncertainty

Consumer spending the wildcard in rate hike uncertainty

The spending appetite of consumers remains a key source of uncertainty for the Reserve Bank as the battle against inflation rages.

Progress on 'vital' carbon capture underwhelms minister

Progress on 'vital' carbon capture underwhelms minister

Australia's resources minister say she's disappointed in progress with carbon capture, telling an energy conference there's no reason to abandon its potential.

Workers taking on second jobs as cost pressures build

Workers taking on second jobs as cost pressures build

The soaring cost of living is leading to more Australians staying in their job or taking on additional work, according to fresh job data.

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Income gap roars back in post pandemic recovery

Income gap roars back in post pandemic recovery

Income gap roars back in post pandemic recovery

Income gap roars back in post pandemic recovery

Economic equality improved during the pandemic yet those gains have been unwound, with the inflation spike the final test of where equality stands post-COVID.

Green iron to go ahead under future industries push

Green iron to go ahead under future industries push

Green iron to go ahead under future industries push

Green iron to go ahead under future industries push

Production tax incentives unveiled in the federal budget are expected to benefit places like Gladstone and help them secure a spot in the net zero economy.

Call to expand reasons to ignore boss in new work laws

Call to expand reasons to ignore boss in new work laws

Call to expand reasons to ignore boss in new work laws

Call to expand reasons to ignore boss in new work laws

The workplace umpire should increase the reasons an employer needs to consider before contacting staff outside of work hours, the peak union body argues.

Regions open to migrants even in plan to slash numbers

Regions open to migrants even in plan to slash numbers

Regions open to migrants even in plan to slash numbers

Regions open to migrants even in plan to slash numbers

Regional towns and universities would continue to welcome international students and workers under the coalition's plan to address the housing crisis.

Rationale behind RBA's last cash rate call on show

Rationale behind RBA's last cash rate call on show

Rationale behind RBA's last cash rate call on show

Rationale behind RBA's last cash rate call on show

The minutes from the last Reserve Bank meeting will outline the thinking behind keeping rates on hold and how seriously the case to hike was considered.

Divided nation not yet 'supercharged' for climate race

Divided nation not yet 'supercharged' for climate race

Divided nation not yet 'supercharged' for climate race

Divided nation not yet 'supercharged' for climate race

Generous tax incentives could help get critical minerals projects over the line but climate advocates want to see them partnered with strong emissions targets.

Nuclear option costs 'six times more' than renewables

Nuclear option costs 'six times more' than renewables

Nuclear option costs 'six times more' than renewables

Nuclear option costs 'six times more' than renewables

Establishing nuclear energy in Australia would require significant taxpayer support and private investment, meaning power bills would go up, modelling confirms.

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Gabba won't lose seats in 2032 Olympic rebuild

Speculation that a Gabba rebuild will reduce its capacity has been dismissed as the 2032 Olympic venue plan gained momentum with projects set to go to tender.

Dairy farmers concerns at Fonterra's 'step change'

Dairy farmers say the news that dairy giant Fonterra is considering selling its Australian processing assets creates industry uncertainty.

Roll out the barrel: regional NSW gets business boost

Rural and remote airstrips will be upgraded and country towns will get money for child care under state funding aimed at kick-starting regional businesses.

New copper mine for Qld's 'energy transformation'

A copper mine in Queensland's north has been granted a lease to begin operations, expanding the life of the site for another 10 years.

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Rental vacancies ease as political housing brawl stirs

A small lift in vacancy rates offers a ray of sunlight for renters as challenges in the housing market become a sharper focus for the major political parties.

Dutton's target on migrants a 'race to the bottom'

A coalition plan to slash migration has been labelled as "xenophobia" and Labor is being urged not to allow the "racist trope" to dictate the housing debate.

Licence suspension delay for Queensland casinos

Two Queensland casinos will have their licence suspensions delayed again as the state waits on a NSW inquiry's findings.

Federal funds lay groundwork for net zero industries

Labor says it is laying the groundwork for emerging low-carbon industries by sinking millions into a feasibility study for a water project in South Australia.

Half a million Aussies not prepared for 3G shutdown

Half a million Australians may have devices that can't contact triple zero after the 3G shutdown, as telcos ramp up efforts to keep customers connected.

Dutton pledges to slash migration to fix housing crisis

Peter Dutton has laid out a plan to get Australia "back on track" in his budget response that would crack down on migration and international students.

Pressure coming off RBA as jobs market loses some heat

The Australian workforce is expanding faster than employers are opening up new positions, which should help the Reserve Bank in its fight against inflation.

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