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Latest news: Economy, Business and Finance

Rising cost of living hammers renters and mortgage belt

Rising cost of living hammers renters and mortgage belt

Higher rents are weighing heavily on Australians receiving government support payments as all households experience rising living costs.

Aussie market sell off 'merely a blip'

Aussie market sell off 'merely a blip'

Aussie market sell off 'merely a blip'

Aussie market sell off 'merely a blip'

The ASX200's 5.8 per cent plunge over Friday and Monday was uncomfortable, but pullbacks are the price of investing in the stock market, experts say.

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

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Public sector back-to-office order prompts confusion

Public sector back-to-office order prompts confusion

Government sector staff have been told to start primarily working from the office but department heads issued their own advice at odds with the premier.

Premier pumps up transport vision ahead of election

Premier pumps up transport vision ahead of election

Motorists would be able to fill up their vehicles at state-owned petrol stations with capped price rises under a re-election pitch by Queensland's government.

Call for Woodside to respect decision on 'climate bomb'

Call for Woodside to respect decision on 'climate bomb'

A decision to defuse a "climate bomb" could be imminent as a regulator reportedly puts pristine marine life ahead of Australia's biggest proposed gas field.

'National shame': kids facing life on couches, in tents

'National shame': kids facing life on couches, in tents

For many of the 125,000 Australian children without stable housing, a life of disadvantage, crime and poor health outcomes await without intervention.

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US recession fears 'nail in coffin' for RBA hike chance

US recession fears 'nail in coffin' for RBA hike chance

US recession fears 'nail in coffin' for RBA hike chance

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

'Digital divide' as many miss out on budget-busting AI

'Digital divide' as many miss out on budget-busting AI

'Digital divide' as many miss out on budget-busting AI

'Digital divide' as many miss out on budget-busting AI

Being able to use energy at the right time and without waste is one of the emissions and budget-busting side benefits of artificial intelligence.

Diggers count losses on battery minerals, gold shines

Diggers count losses on battery minerals, gold shines

Diggers count losses on battery minerals, gold shines

Diggers count losses on battery minerals, gold shines

Mining bosses and investors gathering in an outback city are counting their losses as the decarbonisation and battery minerals bubble bursts.

Mark Knopfler started career strumming tennis racquets

Mark Knopfler started career strumming tennis racquets

Mark Knopfler started career strumming tennis racquets

Mark Knopfler started career strumming tennis racquets

Dire Straits maestro guitarist Mark Knopfler has revealed his stellar strumming career began as a child, practising on 'dodgy little tennis racquets'.

Rates likely on hold with Reserve Bank coy on next move

Rates likely on hold with Reserve Bank coy on next move

Rates likely on hold with Reserve Bank coy on next move

Rates likely on hold with Reserve Bank coy on next move

The August interest rate meeting will dominate the week's economic agenda, with the Reserve Bank tipped to leave rates unchanged.

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

Children becoming homeless as housing crisis bites

About a third of Australians experiencing homelessness are young people, prompting a plea for action on housing as even those in the market struggle with cost.

Rising property prices push loan sizes through the roof

Rising property prices push loan sizes through the roof

Rising property prices push loan sizes through the roof

Rising property prices push loan sizes through the roof

Soaring real estate prices in mid-sized capitals has pushed the average new owner-occupier mortgage to record levels.

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Ore-some state tipped to win race for green steel jobs

Higher-grade iron ore, deep water ports and a 100-per cent renewable energy grid give South Australia the edge on other states chasing future green steel jobs.

Room with a view comes at high price on tourist strip

High-rise apartment owners at a popular Australian tourist spot have been slugged with a "view tax" sending council rates to new heights.

Relief in sight as rates focus switches to cuts

Mortgage-holders appear to have avoided another interest rate hike, in a welcome development for the federal government with an election on the horizon.

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

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PM downplays airline duopoly as Rex waits for lifeline

A competition tsar has taken issue with the prime minister's suggestion that regional airline Rex engineered its own demise by targeting capital-city routes.

Call for Woodside to extract more value, not more gas

Woodside Energy is under fire for its management of climate risk and capital as activist investors slam recent "high-cost, high-emission" acquisitions.

Australia may not be the quarry Asia requires for steel

Australia needs to act quickly or lose out to faster movers on green iron and steel elsewhere, an industry decarbonisation expert warns.

Help on its way for Rex despite 'flawed' expansion

A taxpayer-funded lifeline for Rex Airlines looks increasingly likely as the Albanese government highlights the carrier's "absolutely vital" regional presence.

Rio Tinto 'open' to nuclear energy, profit flatlines

Rio Tinto says it wants to find better ways to provide the materials the world needs but warns decarbonisation has "a long way to go".

'It's everything': rural Australians fear Rex's fate

Rural Australians who rely on Rex for health, education, mail and groceries fear for their future as the regional airline entered voluntary administration.

Reproductive leave push to end 'culture of silence'

Paid leave entitlements for menopause and fertility issues would boost female workforce participation and prevent early retirements, unions say.

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