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Latest news: Economy, Business and Finance

First Nations green hydrogen project wins federal grant

First Nations green hydrogen project wins federal grant

A clean energy project has hit a milestone for future production of hydrogen and ammonia powered by giga-scale solar and hydro as well as Indigenous knowledge.

Workers underprepared as AI reaches turning point

Workers underprepared as AI reaches turning point

Workers underprepared as AI reaches turning point

Workers underprepared as AI reaches turning point

Few Australian businesses are fully prepared to deploy a transformational technology set to democratise intelligence to almost all workers, a report says.

Rising price of instant coffee a bitter blend

Rising price of instant coffee a bitter blend

Rising price of instant coffee a bitter blend

Rising price of instant coffee a bitter blend

The weekly shop for groceries has grown unbearable for some households with the price of certain essential goods almost doubling at major grocers.

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Extra paid parental leave welcomed but unions want more

Extra paid parental leave welcomed but unions want more

An increase in paid parental leave to 26 weeks from mid-2026 has been welcomed but there are calls to further reform the scheme.

Subsidiaries offer cheaper rates than big bank parents

Subsidiaries offer cheaper rates than big bank parents

Big banks are attracting new customers via their subsidiaries and digital offshoots while customers with their main brands keep their margins healthy.

Australians spend less, more often in online shop surge

Australians spend less, more often in online shop surge

Baby boomers are increasingly shopping online but have a way to go before out-spending their millennial children as cost-of-living pressures shrink baskets.

Aussies losing more than just sweat in heatwaves

Aussies losing more than just sweat in heatwaves

The economic cost of heatwaves in western Sydney has reached $1.6 billion a year and is expected to balloon to $6 billion by 2070.

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Voters open-minded on investor tax break reform

Voters open-minded on investor tax break reform

Voters open-minded on investor tax break reform

Voters open-minded on investor tax break reform

One in five voters want negative gearing and the capital gains tax discount to stay the same, while three in five are open to reforming the tax settings.

Rush to resolve triple zero glitch ahead of 3G shutdown

Rush to resolve triple zero glitch ahead of 3G shutdown

Rush to resolve triple zero glitch ahead of 3G shutdown

Rush to resolve triple zero glitch ahead of 3G shutdown

A working group with Telstra, Optus and TPG has been set up to find a solution to a looming technical issue preventing triple zero calls on some mobile phones.

Cash rate likely on hold in 'straightforward' call

Cash rate likely on hold in 'straightforward' call

Cash rate likely on hold in 'straightforward' call

Cash rate likely on hold in 'straightforward' call

No change in interest rates is expected when the Reserve Bank meets this week and the case to hike further will likely be discussed despite a weak economy.

Opposition wants TikTok split from Chinese parent firm

Opposition wants TikTok split from Chinese parent firm

Opposition wants TikTok split from Chinese parent firm

Opposition wants TikTok split from Chinese parent firm

The shadow home affairs spokesman wants to follow the United States in its TikTok crackdown but defended the Liberal Party's right to have an official account.

Aged care minister dismisses worker pay inflation fears

Aged care minister dismisses worker pay inflation fears

Aged care minister dismisses worker pay inflation fears

Aged care minister dismisses worker pay inflation fears

Aged Care Minister Anika Wells has defended pay rises for the nation's lowest-paid workers, saying they aren't the reason for Australia's inflation problem.

Call to join the decarb army for easy wins on emissions

Call to join the decarb army for easy wins on emissions

Call to join the decarb army for easy wins on emissions

Call to join the decarb army for easy wins on emissions

Decarbonisation will be "bigger than tech" by 2030 according to an industry leader who is touring Australia to spruik quick wins on energy bills and emissions.

FTX fraudster Bankman-Fried deserves 50 years: lawyers

FTX fraudster Bankman-Fried deserves 50 years: lawyers

FTX fraudster Bankman-Fried deserves 50 years: lawyers

FTX fraudster Bankman-Fried deserves 50 years: lawyers

Sam Bankman-Fried, the man convicted of stealing $A12b from his now-bankrupt FTX cryptocurrency exchange, should spend up to 50 years in jail, a judge was told.

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Flood survivors stress about insurance and future risks

Relief funding shortfalls and rising insurance costs are fuelling concerns from households impacted by natural disasters including floods.

CSIRO boss defends scientists after Dutton attack

CSIRO chief executive officer Douglas Hilton has issued a rare public statement to urge politicians to "resist the temptation to disparage science".

Tabcorp CEO resigns after alleged offensive comment

Tabcorp chief Adam Rytenskild says he doesn't remember making the alleged comment but is stepping down immediately.

From talk to torque: sovereign steel for solar economy

Manufacturer Orrcon Steel has joined forces with a global energy firm to supply torque tubes made from 100 per cent Australian steel for solar panel tracking.

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No plans for TikTok ban in Australia despite US moves

As TikTok faces a potential ban in the US, the company says the move is "not based in fact", welcoming Anthony Albanese's more moderate comments.

Labor stumps up almost $1b for NT rare earths project

The federal government has continued its big spend-up in the Northern Territory with a funding package of up to $840 million for a rare earths mining project.

'No care factor' as banks abandon remote communities

Business owners are having to fly with bags of cash to city banks after a remote branch closed its doors, amid reports of robberies, scams and elder abuse.

Former Greek minister's wishlist for Australia

The economist's call for a nationwide tax overhaul comes as part of a demand to counteract the concentration of power among large technological corporations.

Calls to end 'problematic' supermarket specials

Consumer group Choice has urged supermarkets to end the practice of offering further discounts only to customers who have signed up to membership schemes.

Farmer confidence takes root after two-year downturn

Rising commodity prices and strong seasonal conditions have farmers in most states looking on the bright side again.

Clean energy investment slowdown threatens 2030 target

A record year for big batteries and love of rooftop solar is not enough to shake off coal generation and go largely renewable by 2030, the industry warns.

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