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Latest news: Economy, Business and Finance

First-home buyers defy affordability squeeze

First-home buyers defy affordability squeeze

Higher interest rates may be making it more expensive to service a loan but surging rents are prodding first-time home buyers into action.

Hefty fines, tougher code could cut grocery prices: PM

Hefty fines, tougher code could cut grocery prices: PM

Hefty fines, tougher code could cut grocery prices: PM

Hefty fines, tougher code could cut grocery prices: PM

Shoppers could pay less for groceries under plans to impose heavy financial penalties on supermarkets that fail to comply with a code of conduct.

Seats boosted as Qantas expands Frequent Flyer program

Seats boosted as Qantas expands Frequent Flyer program

Seats boosted as Qantas expands Frequent Flyer program

Seats boosted as Qantas expands Frequent Flyer program

Millions of new seats have been opened up for Frequent Flyer points in what Qantas describes as one of the biggest expansions in the reward program's history.

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Overseas central bank moves may hint at rates movement

Overseas central bank moves may hint at rates movement

Interest rate decisions in Europe, Canada and New Zealand could provide hints on whether Australia's central bank will lower rates as inflation moderates.

'New phase' of carbon markets seeks impact not offsets

'New phase' of carbon markets seeks impact not offsets

New ways of generating carbon credits in Australia are being developed but experts warn investors are wary and could take their billions elsewhere.

'Making every watt count' in energy performance drive

'Making every watt count' in energy performance drive

A national energy performance strategy has been devised for households and businesses to reduce costs and controversy over new power plants and transmission.

Report alleges big-dog bent 'killing' small businesses

Report alleges big-dog bent 'killing' small businesses

A massive $367 billion infrastructure pipeline is threatened by big multinationals squeezing out small and medium firms for government contracts, a lobby says.

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Uber 'not to blame' for downfall of taxi booking app

Uber 'not to blame' for downfall of taxi booking app

Uber 'not to blame' for downfall of taxi booking app

Uber 'not to blame' for downfall of taxi booking app

Lawyers for Uber have told a civil trial that a local taxi booking app had issues all its own as the rideshare giant entered the Australian market.

Home building muted yet rate cuts could spur activity

Home building muted yet rate cuts could spur activity

Home building muted yet rate cuts could spur activity

Home building muted yet rate cuts could spur activity

The pace of home building, as shown by official dwelling approvals data, continues to lag behind strong demand for housing.

New economy 'needs critical reforms to build trust'

New economy 'needs critical reforms to build trust'

New economy 'needs critical reforms to build trust'

New economy 'needs critical reforms to build trust'

Australian success in modern industry requires a key role for government in the economy not merely doling out loans from various funds, economic research finds.

Venture seeks 'big bets' on new clean, green economy

Venture seeks 'big bets' on new clean, green economy

Venture seeks 'big bets' on new clean, green economy

Venture seeks 'big bets' on new clean, green economy

Venture capitalists say investors can mitigate climate change and biodiversity risks and create significant economic and investment value at the same time.

Small businesses 'doing it tough', warns industry body

Small businesses 'doing it tough', warns industry body

Small businesses 'doing it tough', warns industry body

Small businesses 'doing it tough', warns industry body

The Council of Small Business Organisations Australia chair wants small businesses to be "front and centre" of the upcoming federal budget and election.

Industrial pioneers get $20m to turn science into jobs

Industrial pioneers get $20m to turn science into jobs

Industrial pioneers get $20m to turn science into jobs

Industrial pioneers get $20m to turn science into jobs

Founders of future industries will vie for a share of $20 million to take their ideas to the next level under funding certainty for CSIRO's flagship program.

Complaints rise over lenders and customer hardship help

Complaints rise over lenders and customer hardship help

Complaints rise over lenders and customer hardship help

Complaints rise over lenders and customer hardship help

The financial sector ombudsman has reported a "concerning" rise in complaints about lenders' handling of requests for hardship assistance from borrowers.

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Cash crunch talks as money mover Armaguard digs in

A consortium of banks, supermarkets and government departments have been permitted to begin discussing measures in case cash transporter Armaguard collapses.

Uber `tech bros' set out to crush taxi app, lawyers say

The company behind a taxi app is suing Uber over claims it illegally launched rideshare services in Australia with the intention of destroying the platform.

Rate hike talk ditched as RBA keeps options wide open

Minutes from the last Reserve Bank of Australia board meeting suggest everything is going according to plan - for now.

Musicians singing the blues in an underpaid industry

As the nation's live music sector struggles to bounce back post-pandemic, a survey has revealed the extent to which musicians are being short-changed.

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Wage and energy bills prompt 'cost-of-trading crisis'

Soaring wages, energy and insurance bills are hurting Australia's retailers, as the sector's peak body calls for relief to help businesses stay afloat.

Reserve Bank's shift to neutral likely to be reinforced

The central bank will be in the spotlight this week, when high ranking officials give policy speeches and the minutes of the last rates meeting are released.

SA uncorks support to bolster wine exports to China

The SA government has unveiled a package to help winemakers return to China's huge market with the lifting of punitive tariffs.

Ley wants more women pilots to take to the Aussie skies

Sussan Ley has pledged to audit Australia's aviation sector and publish her findings in a bid to move further towards "pilot parity".

Manufacturers' time to shine as nation reindustrialises

It's hoped a billion-dollar investment in solar panel manufacturing will usher in a new age of industrialisation for the Australian economy.

Festivals probe tackles not so splendour music scene

A federal bid to help salvage Australia's live music scene has been launched after Splendour in the Grass cancelled its July event.

Kathmandu founder disqualified after guilty ruling

Jan Cameron, founder of adventure wear brand Kathmandu, has been disqualified from heading companies for five years after being found guilty of hiding shares.

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