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Latest news: Economy, Business and Finance

Budget surplus 'still our goal' despite war, inflation

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

Jobs market muscle put to test with fresh data due

Jobs market muscle put to test with fresh data due

Jobs market muscle put to test with fresh data due

Jobs market muscle put to test with fresh data due

Strong hiring and low unemployment is welcome news though the labour market is expected to weaken as the economy responds to higher interest rates.

Manufacturing push is no 'free-for-all': treasurer

Manufacturing push is no 'free-for-all': treasurer

Manufacturing push is no 'free-for-all': treasurer

Manufacturing push is no 'free-for-all': treasurer

A plan to promote local manufacturing in a net-zero economy will incentivise private investment, not replace it with government funds, the treasurer says.

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Deeper cuts to carbon emissions under draft 2035 target

Deeper cuts to carbon emissions under draft 2035 target

Australians will compete for public funds, electricity supply and land access under plans for the nation to cut its emissions by up to 75 per cent by 2035.

Two cryptocurrency companies collapse owing $160m

Two cryptocurrency companies collapse owing $160m

Two separate Australian cryptocurrency companies have collapsed while federal court proceedings are being pursued against the directors of the businesses.

Origin Energy adds wind power, batteries for coal exit

Origin Energy adds wind power, batteries for coal exit

Origin Energy has snared a construction-ready $4 billion wind and big battery project as it races to plug the gap left by phasing out coal-fired power.

Made in Australia: PM manufactures clean energy vision

Made in Australia: PM manufactures clean energy vision

A blueprint has been unveiled to keep Australia in a "global race" and could involve taxpayers funding major manufacturing and clean energy projects.

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Middle Arm project to realise NT's dreams, says chief

Middle Arm project to realise NT's dreams, says chief

Middle Arm project to realise NT's dreams, says chief

Middle Arm project to realise NT's dreams, says chief

The Northern Territory government has brushed aside concerns about a major manufacturing project, arguing it will help the territory stand on its own two feet.

National rents hit new record high of $630 a week

National rents hit new record high of $630 a week

National rents hit new record high of $630 a week

National rents hit new record high of $630 a week

Rents have been growing strongly since the pandemic and found a new gear in the first quarter of 2024, piling more pressure on the stretched cohort.

Floods, rental crisis leaving tenants in the lurch

Floods, rental crisis leaving tenants in the lurch

Floods, rental crisis leaving tenants in the lurch

Floods, rental crisis leaving tenants in the lurch

Tenants should be insured for alternative accommodation and warned if a property has been through a flood before signing a lease, a tenancy advocacy body says.

Building costs ease as demand for construction slows

Building costs ease as demand for construction slows

Building costs ease as demand for construction slows

Building costs ease as demand for construction slows

A slowdown in new building approvals should keep material and labour costs growing at a more sedate pace.

Jobs bonanza for regions under clean energy blueprint

Jobs bonanza for regions under clean energy blueprint

Jobs bonanza for regions under clean energy blueprint

Jobs bonanza for regions under clean energy blueprint

Australia can "again be a country that makes things" under a blueprint for building solar panels and electric trucks, and assembling wind towers.

'Hit and miss' merger rules reworked in major shake-up

'Hit and miss' merger rules reworked in major shake-up

'Hit and miss' merger rules reworked in major shake-up

'Hit and miss' merger rules reworked in major shake-up

Sweeping changes to merger rules have been welcomed by the national competition regulator and received a wary but hopeful response from big business.

'Myrtle' plant to turn industrial emissions into solids

'Myrtle' plant to turn industrial emissions into solids

'Myrtle' plant to turn industrial emissions into solids

'Myrtle' plant to turn industrial emissions into solids

Australia's flagship carbon capture utilisation plant will trap emissions and turn them into solid materials for export to Japan, Europe and the United States.

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Energy boss warns against chasing 'nuclear unicorns'

Australians will pay more for electricity from a low-carbon grid, but going nuclear would be a waste of time, an energy boss warns.

Australia forecast to become a carbon credit factory

Firms have been warned to be honest about the role of carbon markets in curbing climate change and biodiversity loss, with carbon credit production set to soar.

Traditional owners gather to fight fracking gas hub

Traditional owners will join a roundtable meeting on Wednesday as part of an inquiry into a controversial NT gas project they claim threatens cultural heritage.

Jobs bright spot for consumers as economy teeters

Consumer sentiment has been tracking at low levels for two years and is showing few signs of material improvement.

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Coles, Woolworths bosses set for Senate showdown

The heads of Coles and Woolworths will be grilled by a Senate committee examining supermarket prices as debate rages about the power of the two retail giants.

Residents waiting years on claims after 2022 floods

Queenslanders whose homes were damaged two years ago in disastrous flooding say they are still waiting on claims to be finalised or repairs to begin.

Divest or liquidate the 'end game' for Santos, Woodside

Independent research presents stark options for Australia's gas producers as shareholders get set to scrutinise Santos and Woodside Energy on expansion plans.

Japan partnership an 'evolution' of AUKUS: PM

As AUKUS partners plan to work with Japan on technology sharing, Prime Minister Anthony Albanese says the security pact will not grow to four countries.

Add skills to adapt to 'new era' in climate disclosure

An online course to help firms meet obligations under new global and Australian sustainability and climate-related financial standards has opened for enrolment.

Record for batteries as home energy systems top 250,000

More households are getting the full benefit of rooftop solar by adding a battery to their energy system as Australia racks up a record year for installations.

Lobbying 'essential' to democracy: anti-corruption boss

Lobbying has long been viewed with distrust but the NSW anti-corruption commissioner says it is necessary and can serve the public interest when done well.

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