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The Latest News from economy, business and finance

'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.

Development halted causing 'distress, financial strain'

Development halted causing 'distress, financial strain'

Development halted causing 'distress, financial strain'

Development halted causing 'distress, financial strain'

A major development has been paused after a local council raised significant concerns about the distress and financial strain placed on buyers.

Aged care revamp to shake up Australians' golden years

Aged care revamp to shake up Australians' golden years

Aged care revamp to shake up Australians' golden years

Aged care revamp to shake up Australians' golden years

Older Australians will be able to live at home for longer and receive better protections in aged care after a sector overhaul passed parliament.

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'All about jobs': minister spruiks net zero tax breaks

'All about jobs': minister spruiks net zero tax breaks

The Labor government is playing hardball on its production tax incentives, arguing opposing the policy will cost jobs and Australia's global competitiveness.

US summons for India's Adani, nephew on bribery claims

US summons for India's Adani, nephew on bribery claims

A summons has been issued for the head of the Adani Group, Indian billionaire Gautam Adani, and his nephew Sagar Adani over US bribery allegations.

Spotlight on monthly inflation numbers

Spotlight on monthly inflation numbers

Inflation figures and a speech from the head of the Reserve Bank of Australia will dominate the economic agenda this week.

COP29 clinches $US300 billion climate compromise deal

COP29 clinches $US300 billion climate compromise deal

Countries have clinched a deal to inject $US300 billion annually to combat climate change and help poor nations cope with the impact of global warming.

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Misinformation crackdown officially on scrap heap

Misinformation crackdown officially on scrap heap

Misinformation crackdown officially on scrap heap

Misinformation crackdown officially on scrap heap

The federal government has walked away from its misinformation bill intended to stop the spread of conspiracy theories.

Capital project: plugging in profits from a big battery

Capital project: plugging in profits from a big battery

Capital project: plugging in profits from a big battery

Capital project: plugging in profits from a big battery

Powering Australia's capital for generations to come, a big battery will deliver profits to locals to share the benefits of rising demand for clean energy.

Coles denies suppliers pay price for evading promotions

Coles denies suppliers pay price for evading promotions

Coles denies suppliers pay price for evading promotions

Coles denies suppliers pay price for evading promotions

Representatives from major supermarkets and suppliers have appeared before an inquiry as the consumer watchdog prepares to report on the sector.

'Smash 'em up derby' for final hours of climate talks

'Smash 'em up derby' for final hours of climate talks

'Smash 'em up derby' for final hours of climate talks

'Smash 'em up derby' for final hours of climate talks

Climate talks are whittling away a pledge to wean the world off fossil fuels and are at risk of a deadlock on climate finance that will satisfy no-one.

Deepening rental crisis sparks urgent plea for action

Deepening rental crisis sparks urgent plea for action

Deepening rental crisis sparks urgent plea for action

Deepening rental crisis sparks urgent plea for action

People are running out of affordable places to move as economists say rental affordability is the worse they have seen in a decade of tracking.

Coles denies unhappy suppliers cop 'holiday' check outs

Coles denies unhappy suppliers cop 'holiday' check outs

Coles denies unhappy suppliers cop 'holiday' check outs

Coles denies unhappy suppliers cop 'holiday' check outs

Supermarket giant Coles rejects punishing fresh produce suppliers who disagree on pricing, as the company is grilled at an inquiry into the sector.

'Incredible attrition': dire warning for small business

'Incredible attrition': dire warning for small business

'Incredible attrition': dire warning for small business

'Incredible attrition': dire warning for small business

Small business owners are suffering from higher levels of depression and anxiety as high costs and regulatory roadblocks spark warnings of a mass exodus.

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Labor pushing prefab to build more homes, quickly

The Albanese government has announced new measures to encourage innovation and faster construction in the building industry.

Aussie farmers and businesses look for trade certainty

World leaders are working to shore up economic ties and push for open global trade against the prospect of a disruptive Trump presidency due to flagged tariffs.

Billions to be spent on Black Friday, Cyber Monday

Even Santa Claus couldn't stay away from Black Friday and Cyber Monday sales, with Australians expected to splurge a record $6.7 billion.

Review clears billionaire tech founder of misconduct

Wisetech Global says a review has found that all of Richard White's personal workplace relationships were disclosed and there's no evidence of bullying.

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Coalition vows to overturn extra Future Fund priorities

Adding clean energy and housing as supplementary investment priorities for Australia's sovereign wealth fund has drawn sharp rebuke from the opposition.

Australian shares tread water as mega chipmaker reports

The ASX200 finished flat after a better-than-expected earnings from AI chipmaker Nvidia failed to propel the market higher.

Workers warn of bare shelves, Woolworths says no risk

As 1500 warehouse workers walked off the job in a fight for better pay and conditions, their union warned the shelves at Woolworths could empty as a result.

Coles denies supplier gouge through own-brand products

Supermarket heavyweight Coles has developed a wide range of subtly-branded products it owns, denying there is any transparency issue for customers.

'Be brave': new push to save tax reform from extinction

Teal MP Allegra Spender has a bold vision to bring tax reform back on the agenda after 25 years of inaction, widening inequality and falling home ownership.

'A sliver': don't expect oversized budget windfalls

Falling iron ore prices and a weaker labour market will weigh on this year's revenue upgrades, the federal treasurer says.

Rio to take full control of uranium mine near Kakadu

Rio Tinto plans to compulsorily acquire shares in Energy Resources of Australia and get on with rehabilitating the Ranger uranium mine surrounded by Kakadu.

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