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Latest news: Economy, Business and Finance

Billions for green hydrogen but no idea on break-even

Billions for green hydrogen but no idea on break-even

Green hydrogen champions will get subsidies to bridge the gap between the fuel's cost and what the market is prepared to pay, with no timeline for profits.

Experts divided on rent controls and housing supply

Experts divided on rent controls and housing supply

Experts divided on rent controls and housing supply

Experts divided on rent controls and housing supply

A freeze on rents may be welcomed by struggling tenants but there is a live debate on the likely impact of such a policy on housing affordability and supply.

Aussie charities take $13.4 billion in donations

Aussie charities take $13.4 billion in donations

Aussie charities take $13.4 billion in donations

Aussie charities take $13.4 billion in donations

Australian charities, including churches and universities, recorded a jump in donations to $13.4 billion in 2021 and employed more than 10 per cent of workers.

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NT looks to revamp mining royalties scheme

NT looks to revamp mining royalties scheme

The Northern Territory is looking to revamp its mining royalties regimen to maintain and increase revenues.

Treasurer's 'big call' on RBA top job due in weeks

Treasurer's 'big call' on RBA top job due in weeks

The treasurer is expected to make a decision about the leadership of the Reserve Bank of Australia as existing governor Philip Lowe's term draws to a close.

Green bank invests $50 million to cut farming emissions

Green bank invests $50 million to cut farming emissions

Taxpayers will bankroll an agriculture investment vehicle to encourage low-emission production technologies and carbon storage across Australian farmland.

Twitter has 'dropped the ball' on tackling online hate

Twitter has 'dropped the ball' on tackling online hate

Australia’s eSafety Commissioner is demanding Twitter explain what it is doing to tackle online hate, amid a surge in complaints since Elon Musk’s takeover.

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Economy falters as rattled consumers tighten belts

Economy falters as rattled consumers tighten belts

Economy falters as rattled consumers tighten belts

Economy falters as rattled consumers tighten belts

Australia is on track for two years of sluggish economic growth that may be even weaker than first feared.

Bumpy route to net zero for BHP after 'good progress'

Bumpy route to net zero for BHP after 'good progress'

Bumpy route to net zero for BHP after 'good progress'

Bumpy route to net zero for BHP after 'good progress'

BHP backs electric mega-trucks not hydrogen when hauling more metals and minerals for a decarbonising world, but warns of a zigzagging route to net zero.

Australia’s oldest chocolate company Hillier goes bust

Australia’s oldest chocolate company Hillier goes bust

Australia’s oldest chocolate company Hillier goes bust

Australia’s oldest chocolate company Hillier goes bust

Australia’s oldest chocolate company has gone into voluntary administration citing the rising cost of operating expenses.

Electrifying call for national ban on gas to new homes

Electrifying call for national ban on gas to new homes

Electrifying call for national ban on gas to new homes

Electrifying call for national ban on gas to new homes

Ban gas connections to new homes and set a date for ending residential gas use instead of "enthusiastic inaction" on transition, critics are urging Labor.

No freeze on Vic MPs' pay amid cost-of-living crunch

No freeze on Vic MPs' pay amid cost-of-living crunch

No freeze on Vic MPs' pay amid cost-of-living crunch

No freeze on Vic MPs' pay amid cost-of-living crunch

Unions have reacted with bemusement at Victorian MPs receiving a 3.5 per cent pay increase as Premier Daniel Andrews rules out a NSW-style wages freeze.

Forrests donate $5b in shares to philanthropic group

Forrests donate $5b in shares to philanthropic group

Forrests donate $5b in shares to philanthropic group

Forrests donate $5b in shares to philanthropic group

Mining magnate Andrew Forrest and his wife Nicola have donated nearly $5 billion worth of Fortescue shares to their philanthropic foundation Minderoo.

Water retailer breached family violence provisions

Water retailer breached family violence provisions

Water retailer breached family violence provisions

Water retailer breached family violence provisions

Victorian water retailer South East Water breached family violence customer protections by exposing private information, the state regulator has found.

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Tight jobs market adds to interest rate uncertainty

The Reserve Bank hiked interest rates last month due to inflation risks bubbling under the surface, but it has been revealed the decision was "finely balanced".

Greenwash claim as miner pledges to stay away from town

Alumina giant Alcoa has committed not to mine within three kilometres of a forest town as it looks to expand its footprint in Western Australia's south.

Critical minerals plan 'sets a floor, not a ceiling'

More than a quarter of a million new jobs could be up for grabs if Australia can supply factory-ready materials for the world's electric cars and clean energy.

WA needs major investment to make ore and steel greener

Western Australia is digging in to play a lead role in decarbonising the world's energy-intensive steelmaking industry, but needs investors with deep pockets.

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Treasurer allays recession fears as economy slows

While key government bodies don't expect the economy to go backwards, Australians have been warned to prepare for a global slowdown.

'No time to waste' to get off gas, warns think tank

A key public policy think tank wants tax incentives for landlords and low-cost loans for home owners to encourage them to move from gas to electric appliances.

Pilot project flicks switch for prepay access to solar

Supporting access to rooftop solar for cash-strapped prepay households could ease energy stress by reducing "self-disconnections" sparked by lack of credit.

Pandemic threw shadow economy crackdown off course

The federal government's response to a growing and evolving shadow economy has been patchy and poorly co-ordinated, auditors have revealed.

Reserve Bank officials to shed light on rates pathway

Public appearances from top Reserve Bank officials will be worth watching following hawkish posturing from Australia's central bank.

Push for no new investment in oil and gas 'not right'

A leading financier has warned against the "over-simplification" of the energy transition, backing investment in renewable energy and gas-fired electricity.

AGL accelerates big batteries to drive energy change

Australia's top emitter AGL Energy expects the popularity of electric cars to accelerate and drive increased consumption of energy that must become green.

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