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Latest news: Economy, Business and Finance

Damage from methane adds to pressure for carbon levy

Damage from methane adds to pressure for carbon levy

A leading economist has doubled down on calls for a $100 billion a year carbon tax to back new industries and stop pumping out "astounding" levels of methane.

Coles credits Pokemon with lifting supermarket sales

Coles credits Pokemon with lifting supermarket sales

Coles credits Pokemon with lifting supermarket sales

Coles credits Pokemon with lifting supermarket sales

Coles has recorded a 5.1 per cent rise in supermarket sales over the past three months, a boost it attributed in part to a popular collectibles campaign.

Hollywood giant Paramount restructures amid merger bid

Hollywood giant Paramount restructures amid merger bid

Hollywood giant Paramount restructures amid merger bid

Hollywood giant Paramount restructures amid merger bid

With a merger offer on the table, Hollywood giant Paramount has moved to restructure its most senior management roles.

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Origin Energy LNG revenue soars, Eraring's future open

Origin Energy LNG revenue soars, Eraring's future open

Origin Energy's revenue from liquefied natural gas on higher volumes and prices surged in the March quarter, as talks continue over keeping Eraring burning.

Japan's giants commit to Aussie nickel joint venture

Japan's giants commit to Aussie nickel joint venture

A nickel explorer has formed a joint venture with two of Japan's industrial giants as Australia's allies move to secure long-term supplies of battery minerals.

Spending habits under a microscope ahead of budget

Spending habits under a microscope ahead of budget

Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.

Drought could be 'nail in the coffin' for some farmers

Drought could be 'nail in the coffin' for some farmers

A prolonged drought, soaring livestock production costs and uncertainty about the future of the live export trade could force some farmers off the land.

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BHP's $60b copper power play rejected by British rival

BHP's $60b copper power play rejected by British rival

BHP's $60b copper power play rejected by British rival

BHP's $60b copper power play rejected by British rival

BHP has had a $60 billion bet on "future-facing commodities" rejected by rival Anglo American, which said the iron ore giant's takeover bid was opportunistic.

Treasurer faces 'hard truths' in global industrial race

Treasurer faces 'hard truths' in global industrial race

Treasurer faces 'hard truths' in global industrial race

Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

Rebel Sport CEO accused of secret affair with HR chief

Rebel Sport CEO accused of secret affair with HR chief

Rebel Sport CEO accused of secret affair with HR chief

Rebel Sport CEO accused of secret affair with HR chief

Super Retail Group, owner of Rebel Sport and BCF, faces court action over claims of bullying and an undisclosed relationship between the CEO and another exec.

Renting families, overseas students not in competition

Renting families, overseas students not in competition

Renting families, overseas students not in competition

Renting families, overseas students not in competition

Rentals are in short supply and prices are rising fast but there's more to the story than international students, the Student Accommodation Council says.

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar steps down as Atlassian co-CEO

Scott Farquhar, the billionaire co-founder of Australian tech darling Atlassian, will step down as the company's chief executive after 23 years in the role.

Calls to cap student debt indexation after latest rise

Calls to cap student debt indexation after latest rise

Calls to cap student debt indexation after latest rise

Calls to cap student debt indexation after latest rise

University student debt will rise by 4.7 per cent from June, sparking calls for indexation to be capped.

Borrowers warned not to count on 2024 rates relief

Borrowers warned not to count on 2024 rates relief

Borrowers warned not to count on 2024 rates relief

Borrowers warned not to count on 2024 rates relief

Hotter-than-expected inflation data has likely pushed back the start date for interest rate cuts, a move that will keep pressure on mortgage holder budgets.

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Woodside shareholders reject climate plan

Woodside Energy shareholders have re-elected chairman Richard Goyder but rejected the company's climate plan in a raucous four-hour meeting.

Too much local love 'will hurt' new industry chances

The former head of the ACCC has warned against an ad hoc approach that could mean Australia misses out on opportunities in the clean energy transition.

Slow progress on inflation tempers interest rate hopes

Australia's annual inflation rate has sunk to a two-year low but is slightly above expectations, which might lengthen the wait time for rate cuts.

Nuns join Citi protest over Indigenous rights breaches

Citi faces protests around the world, including Sydney, Melbourne and New York over support for oil, gas and coal projects and violation of Indigenous rights.

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Government to require sustainability of contractors

As Australia attempts to transition towards a circular economy, the government will prioritise contractors that meet sustainability benchmarks.

Housing wait times top five years in parts of NSW

People on low incomes are waiting even longer for secure, affordable social housing in NSW, particularly in western Sydney and the state's north.

Senators want property tax reforms back on the agenda

Modest tax changes could save the budget billions and help "turn the ship around" for first-home buyers, senators David Pocock and Jacqui Lambie say.

Cheaper renewable energy driving electricity costs down

Renewable energy generation is lifting its overall share of a growing national electricity market and pushing wholesale prices down, according to official data.

Housing crisis to 'get worse before it gets better'

Tax reform, building more public housing, and lifting social support payments have all been floated as pieces of the housing affordability puzzle.

Climate program accused of greenwashing 'not improper'

As a strategy to drive climate action faces scrutiny, public servants say it may not be perfect but it did not act outside the law.

More cost of living relief on cards in federal budget

Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.

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