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Latest news: Economy, Business and Finance

'Catastrophic' power plant explosion avoidable: report

'Catastrophic' power plant explosion avoidable: report

An explosion at a Queensland coal-fired power plant could have been avoided if safety measures were implemented at the station, a draft independent report says.

Jitters from Reserve Bank dent consumer confidence

Jitters from Reserve Bank dent consumer confidence

Jitters from Reserve Bank dent consumer confidence

Jitters from Reserve Bank dent consumer confidence

An unsettled economic narrative has consumers on edge and worried about another interest rate hike.

Westpac sanctioned over 'serious' bank closure breach

Westpac sanctioned over 'serious' bank closure breach

Westpac sanctioned over 'serious' bank closure breach

Westpac sanctioned over 'serious' bank closure breach

Westpac breached banking protocols when it suddenly closed an outback branch, leaving the community to rely on a local charity, an investigation has found.

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Worsening rental affordability hurting regions

Worsening rental affordability hurting regions

Renters in the regions are having to find an extra $153 a week to go towards keeping a roof over their heads, on average, compared to June 2020.

Cash still king as big business bails out Armaguard

Cash still king as big business bails out Armaguard

Some of Australia's biggest companies have put their money where their mouth is by stepping in to save cash carrier Armaguard in a $50 million deal.

Inflation gauge to offer cold comfort for borrowers

Inflation gauge to offer cold comfort for borrowers

May consumer price data gives the Reserve Bank another glimpse of how interest rate levels are working to bring inflation to heel.

Chilly residents wonder why Australian homes so cold

Chilly residents wonder why Australian homes so cold

As more residents take to social media complaining about cold homes, experts warn chilly interiors can impact people's health and wellbeing even if they rug up.

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Tax cuts to see families pocket an extra $60 a week

Tax cuts to see families pocket an extra $60 a week

Tax cuts to see families pocket an extra $60 a week

Tax cuts to see families pocket an extra $60 a week

The latest tax cuts will see families with children pocket more than $60 a week on average, Treasury analysis shows.

Nuclear showdown set to atomise federal parliament

Nuclear showdown set to atomise federal parliament

Nuclear showdown set to atomise federal parliament

Nuclear showdown set to atomise federal parliament

Heated debates over nuclear reactors, energy bills and the cost of living will ignite Parliament House as both houses return for the sitting week.

Dutton doubles down on nuclear, sledges PM

Dutton doubles down on nuclear, sledges PM

Dutton doubles down on nuclear, sledges PM

Dutton doubles down on nuclear, sledges PM

The prime minister is a “child in a man’s body”, Opposition Leader Peter Dutton says, as he ensures nuclear energy policy will be a centrepiece of the election.

Dutton promises back-to-basics economic election plan

Dutton promises back-to-basics economic election plan

Dutton promises back-to-basics economic election plan

Dutton promises back-to-basics economic election plan

Federal Opposition Leader Peter Dutton has pledged to rein in unnecessary spending and get the budget back on track if the coalition wins the next election.

Tourist bucks weigh in with record economy boost

Tourist bucks weigh in with record economy boost

Tourist bucks weigh in with record economy boost

Tourist bucks weigh in with record economy boost

Travel and tourism will contribute more to Australia’s economy in 2024 than any year on record, according to international forecasts.

'Hoax': report backing live sheep export ban savaged

'Hoax': report backing live sheep export ban savaged

'Hoax': report backing live sheep export ban savaged

'Hoax': report backing live sheep export ban savaged

Peak livestock and farming bodies have derided a report backing a ban on Australian live sheep exports, saying the inquiry that led to it was a sham.

Middle East and Europe 'exemplars' for nuclear plan

Middle East and Europe 'exemplars' for nuclear plan

Middle East and Europe 'exemplars' for nuclear plan

Middle East and Europe 'exemplars' for nuclear plan

Europe and the Middle East could provide a model for Australia to deploy nuclear energy but its development would be expensive, an advocate admits.

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Nuclear conflict brews in coalition over renewables

Australians are being asked to choose between two options for the nation's energy future, but the coalition is already arguing internally over renewables.

Australians dabble with crime as cost of living bites

Thefts of groceries and alcohol are increasing, with police citing the cost of living and high interest rates as factors turning non-offenders to crime.

States power up to shut down nuclear ambitions

As the federal opposition attempts to force the construction of nuclear reactors, state leaders say they will not go down without a fight.

Mortgage arrears hit three-year high amid uncertainty

The number of Australians behind on their mortgage has reached a three-year high with many making repayments by dipping into savings and working more.

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Rising costs, rates cook record number of businesses

Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins.

Flexibility a gender gap win for women in government

The public sector has a smaller gender pay gap than the private sector and is leading on flexible work, a report from the gender equality agency shows.

Deals beyond 'baseline' pay rise could fuel budget pain

Several unions want worker pay packets to rise beyond the NSW government's offer, but critics warn going further could hurt the budget for years.

Inflation-wary Reserve Bank spells long wait for cuts

Stalling progress on inflation has the central bank on high alert as political sparring continues over the impact of state and federal budgets on prices.

Fears subsidy a 'quick fix' for remote cost of living

A discount on essential items in Queensland remote communities has been welcomed, but some residents fear it may not be a long-term solution.

Following the money, not hot air, for more wind farms

Australia's green bank and international firms are generating more renewable energy projects, even as the political stoush over the nation's future warms up.

Rates on hold yet inflation risks remain on RBA's radar

The threat of inflation has not been neutralised and the Reserve Bank is still prepared to pull the trigger on another interest rate hike if needed.

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