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Latest news: Economy, Business and Finance

AI offers Australia big economic opportunity: Microsoft

AI offers Australia big economic opportunity: Microsoft

Generative artificial intelligence is expected to add as much as $115 billion to the Australian economy annually, tech industry modelling has found.

Economic slump fears gave Reserve Bank reason for pause

Economic slump fears gave Reserve Bank reason for pause

Economic slump fears gave Reserve Bank reason for pause

Economic slump fears gave Reserve Bank reason for pause

The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Clean energy gets dirty as politics of transition flare

Federal Climate Minister Chris Bowen has taken a swing at his political opponents, claiming a "cabal of climate denial" runs policy in the federal opposition.

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Property giant Lendlease to lay off 740 employees

Property giant Lendlease to lay off 740 employees

ASX-listed real estate company Lendlease says it will trim its workforce globally by 10 per cent, with five per cent of its Australian staff to lose their jobs.

Staff want meaningful tasks to fill time saved by tech

Staff want meaningful tasks to fill time saved by tech

Employees want to spend the time saved by AI and automation on meaningful work instead of "demonstrative" meetings and emails just to prove they are on the job.

First female RBA governor to bring 'reform agenda'

First female RBA governor to bring 'reform agenda'

The incoming governor of the Reserve Bank, Michele Bullock, will have a full plate overhauling the major institution and laying out new ground rules.

Sun Cable to add wind as owners prepare to take charge

Sun Cable to add wind as owners prepare to take charge

A consortium led by Mike Cannon-Brookes' investment arm will add wind to a potentially nation-building solar project in the Northern Territory.

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Benchmark renewable energy deal struck on country in WA

Benchmark renewable energy deal struck on country in WA

Benchmark renewable energy deal struck on country in WA

Benchmark renewable energy deal struck on country in WA

A $1 billion-plus partnership has been struck to develop renewable energy assets on vast Yindjibarndi country in the Pilbara region of Western Australia.

One in three media women are thinking about quitting

One in three media women are thinking about quitting

One in three media women are thinking about quitting

One in three media women are thinking about quitting

Women in media are calling for better pay and career progress as a survey shows one in three are considering quitting their jobs in the industry.

Pressure remains as 'not much' gas covered by price cap

Pressure remains as 'not much' gas covered by price cap

Pressure remains as 'not much' gas covered by price cap

Pressure remains as 'not much' gas covered by price cap

The government's mandatory gas code is expected to have little impact on bills for households and small businesses, with exemptions covering the bulk of supply.

Jobs data will be big ticket item for rates outlook

Jobs data will be big ticket item for rates outlook

Jobs data will be big ticket item for rates outlook

Jobs data will be big ticket item for rates outlook

The official jobless rate could start to show some signs of lifting, as domestic economic conditions continue to deteriorate and weigh on hiring decisions.

New RBA governor to send the right message on rate talk

New RBA governor to send the right message on rate talk

New RBA governor to send the right message on rate talk

New RBA governor to send the right message on rate talk

A leading economist says the Reserve Bank's new governor brings monetary policy credibility while the treasurer praises her leadership and communication skills.

These Omega-3 tablets will come without a trace of fish

These Omega-3 tablets will come without a trace of fish

These Omega-3 tablets will come without a trace of fish

These Omega-3 tablets will come without a trace of fish

Consumers want the good oil, not more harm to dwindling fish stocks, which means a new brew of marine and soil bacteria could catch on as a food supplement.

Striking Hollywood actors, writers to walk picket lines

Striking Hollywood actors, writers to walk picket lines

Striking Hollywood actors, writers to walk picket lines

Striking Hollywood actors, writers to walk picket lines

Striking Hollywood actors and writers are set to picket film and television productions at the same time for the first time since 1960.

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New RBA boss to follow Lowe's lead on interest rates

Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock promoted to the top job as the first woman to lead Australia's central bank.

'Country girl' elevated to vital national economic role

The Reserve Bank of Australia will have a new governor from September in veteran central bank official Michelle Bullock.

NAB staff secure better pay, working from home rights

NAB staff will have specific working from home rights as part of an enterprise agreement to be struck, which includes pay rises totalling 17.5 per cent.

Bee-killing varroa mite spreads further inland

A hive-destroying mite recently detected in NSW has been found 270 kilometres inland, but authorities are confident they can control the spread quickly.

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PM plays down bank chief talk as rate of interest rises

Prime Minister Anthony Albanese says the government is yet to decide who will be chosen as the next Reserve Bank governor.

Australian share market soars as US inflation falls

The local share market closed 1.6 per cent higher after weak US inflation figures raised hopes the Federal Reserve could be nearing the end of its rate cycle.

Fadden voters are not looking at the past, says Dutton

The Liberal Party is stepping up its campaign in the Fadden by-election, with Opposition Leader Peter Dutton visiting the Gold Coast seat.

Reality descends as low-cost airline Bonza cuts routes

Just months after Australia's newest airline took to the skies, budget carrier Bonza is cutting five low-demand routes to improve service and reliability.

Business as usual for rich-list Forrests after split

One of Australia’s richest couples, Andrew and Nicola Forrest, have separated, but they will continue working together on their various business interests.

Taxpayers pipe $70m into Hunter renewable hydrogen hub

Chemicals giant Orica says industrial-scale renewable hydrogen and green ammonia is within reach, and would free up domestic gas supply for households.

Inquiry calls for shake-up of insolvency laws

A parliamentary committee is calling on the government overhaul corporate and personal insolvency laws.

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