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Latest news: Economy, Business and Finance

'Trump II' not the end of the world for clean energy

'Trump II' not the end of the world for clean energy

A second Trump presidency may be a "bump in the road" but it cannot stop the transition to clean energy the world started over 20 years ago, investors say.

Big sky, fierce summer: new line of sight for firies

Big sky, fierce summer: new line of sight for firies

Big sky, fierce summer: new line of sight for firies

Big sky, fierce summer: new line of sight for firies

Drones could help Aussies survive the "age of mega-fires" as climate change drives new fire seasons that are outpacing the disaster response of past decades.

Immigration debate looms as flashpoint in election

Immigration debate looms as flashpoint in election

Immigration debate looms as flashpoint in election

Immigration debate looms as flashpoint in election

After a hotly-contested debate surrounding immigration in the US, Australia is being urged to discuss the issue with facts during its upcoming election.

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Farmers fear being frozen out by supermarket giants

Farmers fear being frozen out by supermarket giants

Produce growers face limited export opportunities, low bargaining power and high costs to supply Australian supermarket giants, an inquiry has heard.

'Frustrated, sceptical' consumers lose trust in grocers

'Frustrated, sceptical' consumers lose trust in grocers

Consumers doubt rising costs are totally to blame for higher grocery prices, as profits fall for manufacturers struggling to pass on surging costs.

NAB boss flags trade war risk as annual profit dips

NAB boss flags trade war risk as annual profit dips

National Australia Bank boss Andrew Irvine is worried about the risk of a trade war between the US and China, and its implications for the Australian economy.

Heat on Nine directors over toxic company culture

Heat on Nine directors over toxic company culture

The new chair of Nine has fielded questions about a toxic culture at the media giant, as investors deliver a strike against director pay packets.

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Climate investors told to press ahead despite Trump

Climate investors told to press ahead despite Trump

Climate investors told to press ahead despite Trump

Climate investors told to press ahead despite Trump

A leading economist has urged Australia to line up with countries that support climate action, arguing a Trump administration is likely to sideline US efforts.

Households face more bill stress as energy prices rise

Households face more bill stress as energy prices rise

Households face more bill stress as energy prices rise

Households face more bill stress as energy prices rise

Energy debt is expected to escalate even more than anticipated, sparking a review of payment difficulty protections for households and small businesses.

No change to RBA forecasts after Trump election

No change to RBA forecasts after Trump election

No change to RBA forecasts after Trump election

No change to RBA forecasts after Trump election

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.

Australia poised to work smarter not harder in AI era

Australia poised to work smarter not harder in AI era

Australia poised to work smarter not harder in AI era

Australia poised to work smarter not harder in AI era

Healthcare, agriculture and finance are tipped as the biggest winners in the era of artificial intelligence as Australia chases long-elusive productivity gains.

Trump win may not be a happy situation: Domino's chair

Trump win may not be a happy situation: Domino's chair

Trump win may not be a happy situation: Domino's chair

Trump win may not be a happy situation: Domino's chair

Domino's Pizza has introduced its new CEO to shareholders after farewelling Don Meij, as its chairman weighed in on the implications of a Trump presidency.

Trucks, trains and dozers drive Fortescue's 'real zero'

Trucks, trains and dozers drive Fortescue's 'real zero'

Trucks, trains and dozers drive Fortescue's 'real zero'

Trucks, trains and dozers drive Fortescue's 'real zero'

Iron ore billionaire Andrew "Twiggy" Forrest says he intends to silence the naysayers with profitable patented green technology to save the planet - and mining.

Foot-and-mouth disease vaccine supply deal secured

Foot-and-mouth disease vaccine supply deal secured

Foot-and-mouth disease vaccine supply deal secured

Foot-and-mouth disease vaccine supply deal secured

A major deal with a pharmaceutical company will ensure Australia has access to antigens and vaccines to defend itself against a foot-and-mouth disease outbreak.

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Supply the key to fixing housing, not taxes: Treasury

The focus of the government should be on increasing housing supply rather than cutting tax concessions for property investors, the Treasury chief says.

February rate cut hopes hinge on jobs market softening

The economic outlook has been downgraded as the big four banks' predictions of a February interest rate cut narrows.

Light rail to slow to a crawl as union ramps up demands

Sydney Commuters face frustratingly slow light-rail trips as industrial action linked to a wages dispute between drivers and a major private operator heats up.

Albanese sees sun breaking through dark economic clouds

The prime minister strikes an optimistic tone in a speech to the business crowd, saying the worst economic storms are over and the future may be much brighter.

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RBA resists taking a punt on Melbourne Cup day rate cut

The Reserve Bank has not gambled on a Melbourne Cup rate reduction, with punters left to ponder whether borrowers will receive a windfall before Christmas.

Fess up! Independents push parties on climate targets

Independent MPs are demanding that Labor reveal its 2035 climate target, saying voters deserve to know as climate change is contributing to higher living costs.

Westpac's profit dips to $7b as mortgage stress eases

Westpac has posted an annual profit of $7 billion and lifted its final dividend, in Peter King's last financial result as chief executive.

'Con job': government flushes hydro energy project

A report says a scrapped pumped hydro scheme proposed by the former Queensland government had no value for money, with costs blowing out to almost $37 billion.

Financial distress drives record crisis call numbers

Lifeline has received a record number of crisis support calls as the soaring cost of living takes a toll on people’s mental health.

Mining heartland backs environment watchdog with teeth

Voters living in one of the nation's mining strongholds support the protection of nature and a role in emissions reduction despite intense lobbying by industry.

Defence axes satellite program as threats outpace tech

Defence says threats have outpaced a satellite system intended for the ADF, but the opposition says cancellation of the space project 'devastates' capabilities.

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