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Latest news: Economy, Business and Finance

Greens warn coal and gas undermine future industries

Greens warn coal and gas undermine future industries

Labor's plan to turbocharge critical minerals and hydrogen industries faces a dismissive opposition and calls from the Greens to ban new coal and gas.

Opposition migration policy 'revenue neutral'

Opposition migration policy 'revenue neutral'

Opposition migration policy 'revenue neutral'

Opposition migration policy 'revenue neutral'

Angus Taylor says the coalition's migration policy won't damage public finances or the economy and will get the balance right between immigration and housing.

Dutton dodging nuclear policy fallout: energy minister

Dutton dodging nuclear policy fallout: energy minister

Dutton dodging nuclear policy fallout: energy minister

Dutton dodging nuclear policy fallout: energy minister

Opposition Leader Peter Dutton is yet to name the sites the coalition will earmark for nuclear power stations, despite claiming communities would welcome them.

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I haven't forgotten what it means to struggle: Albanese

I haven't forgotten what it means to struggle: Albanese

As Labor faces criticism over the cost of living relief it has provided vulnerable Australians, the prime minister says he hasn't forgotten the struggle.

More regulation urged for banks 'failing' rural towns

More regulation urged for banks 'failing' rural towns

An inquiry into rural bank closures has handed down its final report after a year of hearings and 610 written submissions. It recommends tougher regulation.

Shoppers face lies, manipulation in supermarket aisles

Shoppers face lies, manipulation in supermarket aisles

So-called 'ocean plastic' is the poster child of greenwashing shams Australian face when they head to the grocery store, a federal inquiry has been told.

Fashion label Dion Lee enters voluntary administration

Fashion label Dion Lee enters voluntary administration

The Australian operation of fashion label Dion Lee has entered voluntary administration.

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Dutton doubles down on gas, rejects support for mining

Dutton doubles down on gas, rejects support for mining

Dutton doubles down on gas, rejects support for mining

Dutton doubles down on gas, rejects support for mining

Domestic gas production will expand, approvals will be fast-tracked and nuclear reactors rolled out to keep the lights on under a coalition government.

Living costs pose 'difficult choices' for young people

Living costs pose 'difficult choices' for young people

Living costs pose 'difficult choices' for young people

Living costs pose 'difficult choices' for young people

The gap in spending between the young and the old is getting wider, with Australians in their mid-to-late 20s cutting back on essentials.

Migration plan wobble raises questions for opposition

Migration plan wobble raises questions for opposition

Migration plan wobble raises questions for opposition

Migration plan wobble raises questions for opposition

Shadow Treasurer Angus Taylor has defended inconsistencies in his party's migration plan, saying the overall point of the exercise is to free up homes.

Coalition commits to nuclear despite damning report

Coalition commits to nuclear despite damning report

Coalition commits to nuclear despite damning report

Coalition commits to nuclear despite damning report

A report has found nuclear energy would be significantly more expensive than renewables but the coalition has backed in plans for the power source

Electricity grid 'not fit for purpose' without new gas

Electricity grid 'not fit for purpose' without new gas

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

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

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

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

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

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

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

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

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

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

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

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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