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Latest news: Economy, Business and Finance

Treasury boss backs the young to navigate housing mess

Treasury boss backs the young to navigate housing mess

The ever-increasing cost of housing is one of the big challenges facing young people but their future is not bleak, the Treasury secretary says.

Blaming lowest-paid workers for inflation 'disgusting'

Blaming lowest-paid workers for inflation 'disgusting'

Blaming lowest-paid workers for inflation 'disgusting'

Blaming lowest-paid workers for inflation 'disgusting'

Australia's lowest-paid workers, who will soon receive a 3.75 per cent pay bump, should not be blamed for continued inflation challenges, a minister says.

Bookseller Booktopia takes desperate steps to survive

Bookseller Booktopia takes desperate steps to survive

Bookseller Booktopia takes desperate steps to survive

Bookseller Booktopia takes desperate steps to survive

Booktopia's chief executive has resigned, 50 roles are being eliminated and it is paying $660,000 to establish a $1 million debt facility at 18 per cent rates.

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Billion-dollar deal the right prescription for chemists

Billion-dollar deal the right prescription for chemists

After drawn-out negotiations, the government and pharmacies have locked in a five-year deal that will provide an extra $3 billion to the sector.

Communities divided over renewable energy development

Communities divided over renewable energy development

A 12-month study of community opinions on the renewable energy rollout points to a divided nation as battle lines are drawn for another climate election.

National accounts likely to reveal a subdued economy

National accounts likely to reveal a subdued economy

The Australian economy will probably post a weak economic growth result for the first three months of 2024 to reflect ongoing interest-rate pain.

Fuel fault prompts probe after cancelled flights chaos

Fuel fault prompts probe after cancelled flights chaos

A refuelling issue that forced airlines to cancel almost 70 flights at Perth Airport has been resolved as attention turns to clearing a backlog of planes.

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Charm offensive on Aussie carbon dump for net-zero Asia

Charm offensive on Aussie carbon dump for net-zero Asia

Charm offensive on Aussie carbon dump for net-zero Asia

Charm offensive on Aussie carbon dump for net-zero Asia

Costly carbon capture and storage could be the price Australia must pay for retaining emissions-intensive industrial jobs without pumping out more pollution.

Supermarket inquiry slammed as 'missed opportunity'

Supermarket inquiry slammed as 'missed opportunity'

Supermarket inquiry slammed as 'missed opportunity'

Supermarket inquiry slammed as 'missed opportunity'

Queensland's supermarket pricing inquiry has handed down its recommendations but the opposition has slammed it as a "missed opportunity" for real action.

Rural Australians left up in the air as banks shut down

Rural Australians left up in the air as banks shut down

Rural Australians left up in the air as banks shut down

Rural Australians left up in the air as banks shut down

Up to 600 Australian towns no longer have a bank, forcing country people to go to extraordinary lengths to manage their money.

State's 'largest coal-mining proposal' under fire

State's 'largest coal-mining proposal' under fire

State's 'largest coal-mining proposal' under fire

State's 'largest coal-mining proposal' under fire

Extending the life of one of NSW's biggest coal-mine operations will require steep cuts to greenhouse gas emissions elsewhere, authorities say.

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Guzman y Gomez chain to serve 2nd biggest offer of 2024

Shares in Guzman y Gomez are set to begin trading on the Australian Securities Exchange as the company sets course to open new restaurants across the country.

Green bank unlocks cheap loans for home energy upgrades

Green bank unlocks cheap loans for home energy upgrades

Green bank unlocks cheap loans for home energy upgrades

Green bank unlocks cheap loans for home energy upgrades

Some $60 million in cheap loans is up for grabs as part of a $1 billion federal fund to encourage homeowners to install solar panels and batteries.

Big city life on the slide as people try to get by

Big city life on the slide as people try to get by

Big city life on the slide as people try to get by

Big city life on the slide as people try to get by

High housing prices and cost-of-living pressures are driving an exodus from cities, data reveals, with one capital losing residents to the regions in droves.

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Gas industry rejects 'leech' tag over royalty freebies

The Australian government has been accused of letting gas companies get away with daylight robbery by not applying royalties on all of the nation's gas exports.

Standard-gauge track to link solar homes, cars, gadgets

A digital spine to support a low-cost and low-carbon electricity system will connect Australians like a "standard railway gauge of solar and batteries".

Building approvals muted and to stay subdued all year

Home building remains in the slow lane but the level of activity has likely stabilised as interest rates stay on hold.

NSW will meet national housing target, premier insists

An ambitious rewrite of Sydney's housing targets hopes to shift infill closer to the city with a $200 million program for councils to build more homes.

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Inflation disappoints and tempers hopes of rate cut

The monthly inflation gauge has bounced higher for a second month, moving the indicator further away from the Reserve Bank's target range.

Florence wedged under debris at Snowy 2.0 'pinch point'

Plagued by cost blowouts and rock that's too soft or too hard, Snowy 2.0's tunnel-borer 'Flo' is stuck just as the project was poised to spruik better numbers.

Households in the dark on promised $1b energy upgrade

Households have not been forgotten for energy upgrades, the federal government insists, but they have not received a cent from $1 billion allocated in 2023.

Saving the new fashion as financial pain hits retailers

Tax cuts and energy rebates will help prop up family budgets but the long wait for interest rate cuts should keep spending subdued.

Super funds giving a green light to 'climate wreckers'

Superannuation funds have come under fire for doubling down on their investments in fossil fuels while cutting half a billion dollars from green energy funding.

Climate defenders under scrutiny after Santos debacle

An environment litigation group has been caught in the crosshairs of post-budget scrutiny of federal spending, with the coalition demanding further assurance.

WA Libs reject Dutton's nuclear plan in the short term

The WA Liberal Party's energy spokesman says Peter Dutton's plan for nuclear power won't work in the state as he backs coal until renewables can take over.

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