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Latest news: Economy, Business and Finance

Spending takes a hit as household budgets stretched

Spending takes a hit as household budgets stretched

Higher interest rates and cost-of-living pressures have been weighing on household spending and the retail sector.

Industry rebuffs calls to slash fossil fuel subsidies

Industry rebuffs calls to slash fossil fuel subsidies

Industry rebuffs calls to slash fossil fuel subsidies

Industry rebuffs calls to slash fossil fuel subsidies

Fossil fuel subsides are increasing and undermining Australia's climate efforts, a think tank says, but energy producers insist they're paying plenty of tax.

Consumers miss out on utilities' maintenance windfall

Consumers miss out on utilities' maintenance windfall

Consumers miss out on utilities' maintenance windfall

Consumers miss out on utilities' maintenance windfall

The utilities sector is expected to have the slowest growth in maintenance spending as higher-cost fossil fuel generators are replaced by renewable energy.

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Treasurer promises more relief alongside tax cuts

Treasurer promises more relief alongside tax cuts

With long-awaited stage three tax cuts set to drive cost of living relief in the budget, Treasurer Jim Chalmers has given an assurance more help is coming.

Wages, jobs updates to come with budget week

Wages, jobs updates to come with budget week

As well as a federal budget, Australia will get its quarterly check-up on worker wages, business surveys and monthly jobs figures.

Desktop industrial warriors battle for sustainability

Desktop industrial warriors battle for sustainability

Consumers could get a tech boost as industrial intelligence software helps to lower energy and water use, and produce higher quality goods.

Chalmers threads budget needle with difficult economy

Chalmers threads budget needle with difficult economy

Treasurer Jim Chalmers is confident he can beat inflation in the near term while gearing up for growth in a low-carbon world in his government's third budget.

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New resources tax not a 'fair return' for Australians

New resources tax not a 'fair return' for Australians

New resources tax not a 'fair return' for Australians

New resources tax not a 'fair return' for Australians

A parliamentary inquiry has ruled in favour of offshore petroleum tax changes but critics say Australians will still not get a fair return on their resources.

'Nation-leading' WA budget splurge fired by big surplus

'Nation-leading' WA budget splurge fired by big surplus

'Nation-leading' WA budget splurge fired by big surplus

'Nation-leading' WA budget splurge fired by big surplus

WA has rolled out a "nation-leading" state budget, with billions of dollars to help families, boost housing supply and diversify its mining-led economy.

Record cost-of-living relief for those 'doing it tough'

Record cost-of-living relief for those 'doing it tough'

Record cost-of-living relief for those 'doing it tough'

Record cost-of-living relief for those 'doing it tough'

The WA Labor government has rolled out a range of measures in the state budget to help families struggling with rising living costs and to boost housing supply.

Land for new industry to power the west's next bonanza

Land for new industry to power the west's next bonanza

Land for new industry to power the west's next bonanza

Land for new industry to power the west's next bonanza

Western Australia's budget has unlocked land and slashed green tape to win the lion's share of investment in new industry but iron ore is still top of the heap.

Jobs boom beats expectations but weakness incoming

Jobs boom beats expectations but weakness incoming

Jobs boom beats expectations but weakness incoming

Jobs boom beats expectations but weakness incoming

Australia's workforce is expected to keep getting bigger even as the economy slows, forecasting excerpts from the upcoming federal budget show.

Air Vanuatu cancels Australian flights amid cash woes

Air Vanuatu cancels Australian flights amid cash woes

Air Vanuatu cancels Australian flights amid cash woes

Air Vanuatu cancels Australian flights amid cash woes

The national airline of Vanuatu has cancelled all its flights to and from Sydney and Brisbane for the rest of the week amid reports of financial difficulties.

'Unsafe future': Australia commits to decades more gas

'Unsafe future': Australia commits to decades more gas

'Unsafe future': Australia commits to decades more gas

'Unsafe future': Australia commits to decades more gas

Critics say a plan to lock in gas as a long-term source of energy and export revenue will damage the environment and blow up Australia's climate targets.

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Refineries pumped on high-value, ultra-low sulphur fuel

Upgrades are on track for producing ultra-low sulphur fuel suitable for the latest European and American cars, an Australian refiner says.

CSIRO bloods red meat powder to beef up drinks, snacks

Scientists have developed a red meat powder to boost drinks and snacks as part of a plan to target the health and wellness sector and meet demand for protein.

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

Hundreds of millions to incentivise clean energy future

A $566 million commitment is part of Australia's long-term plan to incentivise clean energy investment and turn the nation into a renewables superpower.

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Think tank urges bold clean tech support

Electric trucks, utes and vans are part of plans to re-industrialise and join emission-busting supply chains, if the upcoming budget is bold, a think tank says.

Clean energy rollout must address 'historic injustice'

The energy industry and governments have been told to end "historic injustice" by helping First Nations households turn off diesel and switch on solar power.

Researchers cheer quantum leap on silicon breakthrough

University researchers say they have made a breakthrough in quantum technology that could pave the way for reliable, powerful computers.

Rates on hold but RBA 'vigilant' to inflation risks

Mortgage holders have been spared more interest rate pain but emerging inflation risks have the Reserve Bank on high alert.

Groceries inquiry backs breaking up major supermarkets

Supermarket price gouging should be illegal and there must be laws to break up major retailers that abuse their market power, a Senate committee has found.

Australia has a beef with looming EU trade rules

Australia is concerned proposed deforestation laws in the European Union could impact agricultural trade and wants a delay in the new rules.

High steaks: PM launches drought fund at Beef Week

More than half a billion dollars will be allocated for projects helping farmers prepare for drought and to boost their capacity to adapt to climate change.

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