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Latest news: Economy, Business and Finance

Furniture e-seller Koala successfully floats on the ASX

Furniture e-seller Koala successfully floats on the ASX

Mattress and sofa ecommerce retailer Koala's shares are trading at $3.70 on the ASX, up 8.8 per cent from their initial public offering price.

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Win for younger workers with discount pay rates axed

Workers in retail and fast food jobs will be eligible for the full award wage once they turn 18 after a decision from the workplace watchdog.

Coal and gas safeguard loopholes failing climate action

Coal and gas safeguard loopholes failing climate action

Coal and gas safeguard loopholes failing climate action

Coal and gas safeguard loopholes failing climate action

Manufacturers are at risk of doing the heavy-lifting under the main industry decarbonisation tool as new analysis identifies coal and gas workarounds.

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Robotics investment could create human jobs bonanza

Robotics investment could create human jobs bonanza

Funnelling more money into Australia's robotics sector could add $201 billion to economic output and create 128,900 new jobs a year, a new report shows.

WTO talks end in deadlock after Brazil blocks deal

WTO talks end in deadlock after Brazil blocks deal

In a "major setback for global trade", t‌he World Trade Organization ‌has failed to secure a collective decision on e-commerce during talks in Cameroon.

Top forecaster's dire prediction if Iran war drags on

Top forecaster's dire prediction if Iran war drags on

Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.

Russia's Ust-Luga port damaged by more Ukrainian drones

Russia's Ust-Luga port damaged by more Ukrainian drones

Ukrainian President Volodymyr Zelenskiy is seeking support from Gulf ‌states for ‌Ukraine's war against ⁠Russia and is offering air defence expertise.

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Gambling and welfare issues dog greyhound racing boons

Gambling and welfare issues dog greyhound racing boons

Gambling and welfare issues dog greyhound racing boons

Gambling and welfare issues dog greyhound racing boons

Greyhound racing's problems cost more than its economic benefits, a report has found, as one state weighs up the future of the sport.

Truck tax cut backed as fuel-rationing threat looms

Truck tax cut backed as fuel-rationing threat looms

Truck tax cut backed as fuel-rationing threat looms

Truck tax cut backed as fuel-rationing threat looms

Business groups have urged the government to cut the road-user charge for trucks, but not the fuel excise for all motorists.

Australia to be 'overprepared' for ongoing fuel woes

Australia to be 'overprepared' for ongoing fuel woes

Australia to be 'overprepared' for ongoing fuel woes

Australia to be 'overprepared' for ongoing fuel woes

Australians are being urged to use common sense instead of stockpiling petrol and diesel as the government proposes new powers to secure supplies.

Earth hour turns 20 at pivotal moment in climate action

Earth hour turns 20 at pivotal moment in climate action

Earth hour turns 20 at pivotal moment in climate action

Earth hour turns 20 at pivotal moment in climate action

From the Sydney Opera House to the world, the 20th anniversary of Earth Hour comes at a critical time in the global response to climate change.

Why small business is fighting back against Meta bans

Why small business is fighting back against Meta bans

Why small business is fighting back against Meta bans

Why small business is fighting back against Meta bans

After months of being locked out of her business social media accounts, an Australian hairdresser has finally regained access but she’s one of the lucky ones.

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

Fuel crisis drives Aussies to rethink how they travel

Fuel crisis drives Aussies to rethink how they travel

Fuel crisis drives Aussies to rethink how they travel

Fuel crisis drives Aussies to rethink how they travel

Australians are adapting to rising fuel prices by changing their transport habits, with some ditching their cars even if it adds hours to their commute.

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Bigger fines for dodgy servos but fuel fears remain

Fresh produce is likely to go up in price as higher fuel costs flow through the nation's supply chains, but relief to petrol shortages is on the way.

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

Trump reschedules to meet Xi in China in May

A meeting between US President Donald Trump and China's head of state Xi Jinping will take place in mid-May, according to the White House.

Meta, Google lose US trial over social media addiction

A US jury has ruled YouTube and Instagram were ‌negligent in the design ‌of their apps ⁠and the companies that own them failed to warn about their dangers.

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Hard time for renters as landlords squeeze tight market

Rising interest rates and living cost pressures mean it will be a tough year for the housing market, and even more so for renters.

Billions for Rio smelter rescue hailed as 'slam dunk'

An aluminium smelter will get billions of dollars in government funding to stay open and save thousands of jobs in the latest bailout of a metals manufacturer.

Industry bailouts defended as Iran war smashes markets

Industry Minister Tim Ayres has outlined the government's industry-science strategy, saying global instability and the conflict in Iran demands stronger ties.

Calm before storm: RBA braces for spikes and hikes

The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.

Light shone on 'deceptive' anti-renewables campaigns

Greater transparency has been pitched as a salve to an increasingly fraught climate information ecosystem.

Sticky situation as super changes stretch small firms

Almost a third of small business owners are considering dipping into their personal savings to meet super obligations for their staff.

Confidence tanks as fuel spike flows to building costs

Housing Minister Clare O'Neil has brought together leaders from the construction industry as they grapple with skyrocketing materials costs.

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