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Latest news: Economy, Business and Finance

Plastic-eating enzymes to transform fashion, packaging

Plastic-eating enzymes to transform fashion, packaging

An Aussie startup is developing plastic-eating enzymes in a breakthrough for "infinitely recycling" fashion and bottles that would otherwise end up in landfill.

Tourists splash cash in Australia's holiday hotspots

Tourists splash cash in Australia's holiday hotspots

Tourists splash cash in Australia's holiday hotspots

Tourists splash cash in Australia's holiday hotspots

Parking nightmares and long lines at coffee shops are common in Australia's beachside towns during peak season - a period local businesses rely on.

PM finishes three-state blitz with key message

PM finishes three-state blitz with key message

PM finishes three-state blitz with key message

PM finishes three-state blitz with key message

Anthony Albanese and Peter Dutton have launched a soft test of their pitches to voters ahead of the federal election after a week of unofficial campaigning.

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Call for states to fire up new gas to avoid shortfall

Call for states to fire up new gas to avoid shortfall

Federal Labor has been urged to reverse "anti-gas policies" with structural shortfalls forecast from 2027 and Australians still under the pump on energy bills.

Movie-goers, bargain hunters boost discretionary spend

Movie-goers, bargain hunters boost discretionary spend

Australians spent more on new cars, movie tickets and discounted clothes and household goods in the month leading up to the Christmas period.

No magical save for Star as govt focuses on workers

No magical save for Star as govt focuses on workers

As the shares of embattled casino operator Star Entertainment fall to an all-time low, a state government has ruled out giving it a financial lifeline.

Property dominates wealth but stocks safer than houses

Property dominates wealth but stocks safer than houses

Investors might start looking outside of the property market where most of Australia's wealth is held, as returns for another sector outstrip housing.

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Black Friday spurs spending but full figures fall short

Black Friday spurs spending but full figures fall short

Black Friday spurs spending but full figures fall short

Black Friday spurs spending but full figures fall short

Consumer spending is past its weakest point but still subdued, despite a spike in activity from annual promotions in November.

Casino operator Star's shares plunge amid grim finances

Casino operator Star's shares plunge amid grim finances

Casino operator Star's shares plunge amid grim finances

Casino operator Star's shares plunge amid grim finances

Star Entertainment says it had just $79 million in cash left at December 31, after burning through $107 million over the previous three months.

Cheap loans for firms to accelerate electric cars, utes

Cheap loans for firms to accelerate electric cars, utes

Cheap loans for firms to accelerate electric cars, utes

Cheap loans for firms to accelerate electric cars, utes

Cheap loans could save small and medium-sized businesses thousands in interest payments under a $50 million top-up aimed at reducing energy bills and emissions.

Jobs on the line: skills employees need to stay in work

Jobs on the line: skills employees need to stay in work

Jobs on the line: skills employees need to stay in work

Jobs on the line: skills employees need to stay in work

Employers have revealed the most sought-after skills they want in workers with predictions 20 per cent of jobs will undergo major change in the next five years.

Australians warned: Meta to stop muzzling false claims

Australians warned: Meta to stop muzzling false claims

Australians warned: Meta to stop muzzling false claims

Australians warned: Meta to stop muzzling false claims

Australians are likely to see more false content and abuse on their Facebook, Instagram and Threads feeds when Meta ditches fact-checking problematic posts.

Trump not ruling out force in Panama Canal, Greenland

Trump not ruling out force in Panama Canal, Greenland

Trump not ruling out force in Panama Canal, Greenland

Trump not ruling out force in Panama Canal, Greenland

US President-elect Donald Trump has declined to say using military or economic means to gain control of the Panama Canal or Greenland is off the table.

Meta shelves US fact checking in major policy reversal

Meta shelves US fact checking in major policy reversal

Meta shelves US fact checking in major policy reversal

Meta shelves US fact checking in major policy reversal

Meta is ending its fact-checking program with third parties in the United States, saying fact checkers have their own biases.

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Home building to pick up in 2025, but only modestly

Housing construction is expected to ramp up this year but labour shortages, builder insolvencies and higher global inflation pose headwinds.

Coalition insists nuclear plan won't blow up economy

The federal opposition has slammed government analysis that suggests its nuclear energy calculations are based on a shrinking economy in five states.

Consumer confidence starts year with a bang

Consumer confidence has bounced higher and is expected to keep improving as rising real wages and rate cuts support household incomes.

Owners blasted as 'old tech' steel furnace restarts

The operators of Whyalla's steelworks say they have "rescued" the vintage plant but warn there is still a long way to go before it is stable and secure.

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Tech fears overpower hiring woes as top business worry

Cybersecurity, artificial intelligence and other technology issues are keeping business leaders up at night, with labour shortages now a lower-priority concern.

Evolving world water cycle threatens Australia, Pacific

Floods and droughts are among the deadliest threats, scientists warn in a report calling for better preparedness as climate change alters the world water cycle.

Countdown to election day as aftershocks rattle Vanuatu

Still reeling from aftershocks, campaigning has begun for a very challenging election in Vanuatu after many polling booths were hit in December's deadly quake.

World's biggest atlas in sight of Aussie startup

Map enthusiasts will soon have more information at their fingertips as drone imagery is added to a platform vying to become the world's biggest digital atlas.

Inflation, retail sales kick off 2025 economic calendar

The new year is off to a big start on the economic front with new inflation and retail sales figures due to be released.

Aussie dollar rebounds after dropping to 26-month low

The Australian dollar has moved back above 62 US cents after falling below that level for the first time in more than two years against a surging greenback.

Rental affordability still stretched, but worst is over

Vacancy rates are edging higher and growth in advertised rents is stalling in welcome news for the nation's renters.

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