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Latest news: Economy, Business and Finance

South Australia nabs top spot in state economic ranking

South Australia nabs top spot in state economic ranking

Australian states are all facing economic headwinds but some are more resilient than others, with South Australia performing better than the rest.

Origin Energy to plug in big battery alongside gas

Origin Energy to plug in big battery alongside gas

Origin Energy to plug in big battery alongside gas

Origin Energy to plug in big battery alongside gas

Origin Energy says it will build a $400 million big battery in Victoria to maintain a reliable power supply and support Australia's transition to renewables.

Albanese 'hopeful' for Senate support in tax cut change

Albanese 'hopeful' for Senate support in tax cut change

Albanese 'hopeful' for Senate support in tax cut change

Albanese 'hopeful' for Senate support in tax cut change

The prime minister is standing by his changes to stage three tax cuts, remaining confident parliament will support the amended plans.

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Inflation numbers key drawcard in data-packed week

Inflation numbers key drawcard in data-packed week

The fight against inflation has not yet been won but the December quarter consumer price index is expected to show genuine progress.

PM stands by tax cut changes for 'every Australian'

PM stands by tax cut changes for 'every Australian'

The prime minister has brushed off criticism of proposed changes to promised tax cuts, saying he has a responsibility to help Australians in financial stress.

PM open to crossbench talks on tax cut changes

PM open to crossbench talks on tax cut changes

As the Greens urge further changes to stage three tax cuts, the prime minister says he is open to negotiations to ensure their passage through parliament.

PM justifies rejigged tax cuts as cost-of-living relief

PM justifies rejigged tax cuts as cost-of-living relief

The prime minister has backed his government's reworked income tax package as the best way forward for struggling workers.

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Independent MPs 'conflicted' by tax cut changes

Independent MPs 'conflicted' by tax cut changes

Independent MPs 'conflicted' by tax cut changes

Independent MPs 'conflicted' by tax cut changes

Changes to tax cuts would help lower income Australians, but some independent MPs are concerned about the impact on their affluent constituents.

Santos reveals extent of costs from Barossa court delay

Santos reveals extent of costs from Barossa court delay

Santos reveals extent of costs from Barossa court delay

Santos reveals extent of costs from Barossa court delay

Oil and gas giant Santos will have to spend hundreds of millions of dollars extra on its massive Barossa LNG project after it was hit by legal delays.

Sea changers flock to more affordable coastal towns

Sea changers flock to more affordable coastal towns

Sea changers flock to more affordable coastal towns

Sea changers flock to more affordable coastal towns

Home buyers moving to the seaside are looking to buy for well under $1 million, with affordable coastal markets in Western Australia booming.

Farmers losing international trade in ports dispute

Farmers losing international trade in ports dispute

Farmers losing international trade in ports dispute

Farmers losing international trade in ports dispute

Farmers say they are being 'held hostage' in an ongoing industrial dispute impacting Australian ports, losing money, trade and damaging their export reputation.

Woolworths CEO defends Australia Day merchandise choice

Woolworths CEO defends Australia Day merchandise choice

Woolworths CEO defends Australia Day merchandise choice

Woolworths CEO defends Australia Day merchandise choice

Woolworths chief executive Brad Banducci has backed the supermarket's choice not to stock Australia Day merchandise as staff report more and more abuse.

Gender pay gap wider for managers than other job types

Gender pay gap wider for managers than other job types

Gender pay gap wider for managers than other job types

Gender pay gap wider for managers than other job types

Australia is making progress on the gender pay gap yet men in management roles are still earning far more than women managers.

Plastic makes up the majority of Aussie marine litter

Plastic makes up the majority of Aussie marine litter

Plastic makes up the majority of Aussie marine litter

Plastic makes up the majority of Aussie marine litter

Plastic made up 79 per cent of the rubbish collected from Australia’s urban rivers, bays and beaches over the past three years, conservationists say.

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House prices smash records, wiping out downturn losses

Australia's housing sector has recouped all losses from the 2022 downturn to end 2023 smashing median price records across all capital cities.

Australian shares climb on back of US rates optimism

The local bourse has climbed for its third consecutive session to finish half a per cent higher after more gains on Wall Street overnight.

Labor on vote-buying spree promising tax cuts for all

Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.

Fares lose altitude as more flights cleared for takeoff

International airfares are predicted to drop in 2024 as the entry of Turkish Airlines and larger planes bring increased competition to the Australian market.

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Property investor tax breaks blamed for housing crisis

Scrapping tax concessions for investors and building more social housing is a vital step towards fixing the nation's housing crisis, a campaign group says.

DP World warns of more port strikes due to bargaining

Executives for DP World say new multi-employer bargaining laws would lead to further port strikes across Australia as its own pay dispute continues.

PM looking for extra dollars for those 'doing it tough'

Cost-of-living relief could be on the way as inflation begins to soften and politicians rush back to Canberra to find ways to ease the pressure on Australians.

Cost of living pressures mount on first cabinet meeting

Anthony Albanese's cabinet is meeting in Canberra more than a week before parliament resumes as living costs raise pressure on households and government.

Ocean energy tech could land green salmon on the menu

Floating salmon farms could use onboard electricity generated from the ocean instead of diesel by harnessing an energy trap developed by an Aussie innovator.

Focus on overseas data as Australian economy cools off

With the business week shortened by the Australia Day holiday, analysts will look overseas for indications on the state of the economy.

Economy strong but slowdown on horizon, IMF warns

In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.

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