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Latest news: Economy, Business and Finance

Housing sustainability framework stands up to scrutiny

Housing sustainability framework stands up to scrutiny

With one in seven forecast to be living in community housing within decades, a review finds foundations are in place as pressure builds for broader standards.

Call for net zero by 2035 to be a global climate leader

Call for net zero by 2035 to be a global climate leader

Call for net zero by 2035 to be a global climate leader

Call for net zero by 2035 to be a global climate leader

Australia has been urged to harden its emissions reduction targets at a "critical juncture" in the fight against climate change as leaders gather for a forum.

Cane promise 'breathes life' into embattled mill, town

Cane promise 'breathes life' into embattled mill, town

Cane promise 'breathes life' into embattled mill, town

Cane promise 'breathes life' into embattled mill, town

Far north Queensland cane farmers are breathing a tentative sigh of relief after the Liberal National Party made an election commitment for a struggling mill.

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Treasurer backs inflation target, despite rates risk

Treasurer backs inflation target, despite rates risk

Jim Chalmers has acknowledged there's tension between fiscal and monetary policy, but argues the government and the central bank have the same objective.

Green shoots for consumer mood burnt by cost-of-living

Green shoots for consumer mood burnt by cost-of-living

Confidence is gradually returning to consumers, with interest rate hikes broadly off the table and tax relief helping to beat the blues.

Employees working two or more jobs trending down

Employees working two or more jobs trending down

While the number of people working more than one job fell by 1.2 per cent, nearly one million Australians are in multiple professions.

Landlord's market as property investor lending swells

Landlord's market as property investor lending swells

Lending to investors continues to lead the charge and outpace home loans taken out by owner-occupiers.

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Short, stout and scuppering $50 billion gas field plans

Short, stout and scuppering $50 billion gas field plans

Short, stout and scuppering $50 billion gas field plans

Short, stout and scuppering $50 billion gas field plans

An oil spill and related activities are already inferred to have a significant and ongoing impact on a reef-dwelling reptile, triggering an endangered marking.

Red meat, nuclear power off the climate response menu

Red meat, nuclear power off the climate response menu

Red meat, nuclear power off the climate response menu

Red meat, nuclear power off the climate response menu

Australia must cut emissions more quickly and fairly, environmental and social advocates say, while investors welcome clarity from an official climate review.

Remote island's century-old cheese maker to close

Remote island's century-old cheese maker to close

Remote island's century-old cheese maker to close

Remote island's century-old cheese maker to close

King Island Dairy, on the tiny Bass Strait outpost, will close in mid-2025 after a buyer could not be found, owner Saputo has announced.

'Passport to a good life': high-tech TAFE funds boost

'Passport to a good life': high-tech TAFE funds boost

'Passport to a good life': high-tech TAFE funds boost

'Passport to a good life': high-tech TAFE funds boost

The NSW and federal government are going halves in a new TAFE centre of excellence in western Sydney designed to help Australians keep pace with technology.

Fight to save jobs as The Star's casino empire teeters

Fight to save jobs as The Star's casino empire teeters

Fight to save jobs as The Star's casino empire teeters

Fight to save jobs as The Star's casino empire teeters

Star Entertainment's financial woes have fuelled concerns for the future of thousands of casino jobs.

Slowing growth impacts women's financial equality

Slowing growth impacts women's financial equality

Slowing growth impacts women's financial equality

Slowing growth impacts women's financial equality

It remains two steps forward and one step back for women's financial equality with experts saying gender norms are fuelling the gap.

Economy stuck in slow lane as households tighten belts

Economy stuck in slow lane as households tighten belts

Economy stuck in slow lane as households tighten belts

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

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Company charged in state first after miner's death

A Queensland mining company has been charged with industrial manslaughter in a state first after an experienced coal miner died when a roof collapsed years ago.

Big batteries win taxpayer support after hectic auction

Big batteries with enough energy storage to power one million homes have been selected for taxpayer funding in the first round of a capacity investment scheme.

Energy 'superpower' unplugged: missing 100,000 tradies

Australia will have a shortfall of 100,000 electricians by 2050, an industry report warns, with almost half of the nation's electrical apprentices dropping out.

Gloomy growth, interest rates sore points for Treasurer

The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.

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Transport union disbands branch over 'cultural' issues

The Transport Workers' Union is disbanding one of its branches after significant cultural and operational problems were found.

Energy investment off track for 2030 renewables target

A peak industry body has sounded the alarm over the pace of investment in renewable energy generation and storage, with Australia set to miss the 2030 target.

Economy 'nowhere near recessionary' despite predictions

Australia's economic forecasts might not be as positive as hoped but there are still signs of strength in the economy, an expert says.

Offshore wind zone cut to appease locals, save whales

The latest offshore wind zone, slashed by almost half in response to community concerns, has been cautiously welcomed by environmental groups and unions.

Timor-Leste to take stake in gas field, carbon capture

Santos and its joint venture partners have agreed to give Timor Leste a stake in a long-running gas venture to keep plans for a carbon capture hub alive.

Economy yet to turn a corner as higher rates bite

Australia is expected to post its slowest annual economic growth rate outside of the pandemic lockdowns since the 1990s as inflation persists.

Many Brazilians feel disconnected without X

Elon Musk’s social media platform X has been shut down in Brazil making it largely inaccessible to millions of users on both the web and through mobile apps.

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