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Latest news: Economy, Business and Finance

Woolworths profits down as cost of living hits shoppers

Woolworths profits down as cost of living hits shoppers

Profits at Australia's biggest supermarket giant have taken a hit as cash-strapped shoppers search the aisles for cheaper options and Woolworths shares slump.

World fair for coders celebrates 'nerditude' of AI era

World fair for coders celebrates 'nerditude' of AI era

World fair for coders celebrates 'nerditude' of AI era

World fair for coders celebrates 'nerditude' of AI era

The next phase of generative AI has begun, according to the world's leading open source developer platform, with new tools launched to craft apps out of ideas.

Clean energy talk cheap, flight upgrades pricey for PM

Clean energy talk cheap, flight upgrades pricey for PM

Clean energy talk cheap, flight upgrades pricey for PM

Clean energy talk cheap, flight upgrades pricey for PM

Anthony Albanese has made a whistlestop tour as he ratchets up election campaign efforts, but one expert says he must do more to change public opinion.

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Political dogfight erupts over PM's plane promotions

Political dogfight erupts over PM's plane promotions

Australia's major party leaders are embroiled in an increasingly personal stoush after revelations the prime minister accepted a stack of flight upgrades.

Seven news boss wants tax break to fight X, Facebook

Seven news boss wants tax break to fight X, Facebook

A tax on commercial broadcasters should be scrapped, Seven news boss Anthony De Ceglie says, as media companies deal with the "evil forces" of social media.

Australian investment eyed for Peruvian mining pipeline

Australian investment eyed for Peruvian mining pipeline

Some 50 Peruvian mining projects with a combined potential of tens of billions of dollars are being spruiked to Australian investors amid Chinese dominance.

'Everything points to a slowdown': property loses heat

'Everything points to a slowdown': property loses heat

House and unit prices may have found new record highs but interest rate cautiousness has tempered the pace of growth.

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No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

No spending free-for-all: treasurer sets election tone

Any further cost-of-living relief will need to be balanced carefully against budget constraints and economic circumstances, the federal treasurer says.

PM spruiks mining pay rise as wage battle emerges

PM spruiks mining pay rise as wage battle emerges

PM spruiks mining pay rise as wage battle emerges

PM spruiks mining pay rise as wage battle emerges

Unions have warned peak bodies in the mining sector are advocating for industrial relations reform to be stripped back in a future coalition government.

Inflation readout make or break for 2024 rate cut

Inflation readout make or break for 2024 rate cut

Inflation readout make or break for 2024 rate cut

Inflation readout make or break for 2024 rate cut

Important pieces of the economic puzzle will fall into place this week, starting with inflation and then spending data.

Johnny Depp honoured with lifetime achievement award

Johnny Depp honoured with lifetime achievement award

Johnny Depp honoured with lifetime achievement award

Johnny Depp honoured with lifetime achievement award

Johnny Depp has been honoured with a lifetime achievement award at the Rome Film Festival for his 'extraordinary journey as a performer'.

From sadness to wellbeing: call to rewire the economy

From sadness to wellbeing: call to rewire the economy

From sadness to wellbeing: call to rewire the economy

From sadness to wellbeing: call to rewire the economy

With the cost of living escalating and a sense of wellbeing fading, an international trailblazer calls for a bold leap into new ways of thinking about success.

Treasurer: Conflict casts dark shadow over the economy

Treasurer: Conflict casts dark shadow over the economy

Treasurer: Conflict casts dark shadow over the economy

Treasurer: Conflict casts dark shadow over the economy

While visiting Washington, DC, for a series of meetings with the G20, IMF and World Bank, the treasurer also sat down with Republican and Democrat advisers.

Brazil seals compensation deal with BHP over dam

Brazil seals compensation deal with BHP over dam

Brazil seals compensation deal with BHP over dam

Brazil seals compensation deal with BHP over dam

Brazil has reached a compensation settlement with BHP and others over a 2015 dam collapse which caused a giant mudslide killing 19 people.

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Mideast war not behind Aussie inflation: opposition

Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.

Qantas hands out $1000 bonuses to 27,000 workers

Qantas is hoping to win over workers as some of its engineers take industrial action over pay.

Energy plan to protect Aussie war-fighting capabilities

"Practical and sensible" action on climate change is part of the military's mission under new plans for phasing in alternative energy use and sovereign sources.

'No doubt' inflation is moderating: finance minister

Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.

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One ASIC more than enough, says corporate cop chief

Splitting the Australian Securities and Investments Commission doesn't have the backing of the chairman who says a funding boost is needed to catch more crooks.

UAE cash for minerals, but China dominance sparks angst

A free trade deal between Australia and the United Arab Emirates provides a pathway for significant investment in critical minerals and mining.

Hey big Spender: teal MP wants consumption tax re-think

The tax system should be made fairer for young people by lowering income tax, reducing concessions and raising consumption taxes, teal MP Allegra Spender says.

Tax incentives will provide extra meals and cut waste

Millions of meals that are being dumped in landfill could instead end up on the plates of vulnerable Australians who need them, under proposed tax changes.

Energy market operator 'can't guarantee' lower bills

Energy officials warn of "stubbornly high" power prices as coal plants stutter towards an exit, with no guarantee bills will fall in the next five years.

Infrastructure humps likely to curb housing targets

The water pipes and bitumen needed for new housing have emerged as a new frontier in the housing crisis debate as economist warn affordability could get worse.

Global fight against high inflation 'almost won': IMF

The IMF says the decline in inflation without a global recession is a major achievement.

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