Australia’s nervous watch for any great fall of China
Mounting economic headwinds in China, where growth is slowing, will have major ramifications for Australia, Treasurer Jim Chalmers has warned.
Economy, Business and Finance
Dreamworld owner Ardent back to profit after bumpy ride
Theme park operator Ardent Leisure has marked its recovery from a fatal accident at Dreamworld and COVID-19 with its first full-year profit since 2016.
Kmart sales up as cost-conscious shoppers hunt bargains
Record annual earnings at Kmart have helped propel Wesfarmers to a $2.5 billion full-year profit, as consumers become more cost-conscious.
company information
economy, business and finance
electricity production and distribution
energy and resource
metal and mineral
mining
Lithium leader Pilbara posts electrifying $2.4b profit
Pilbara Minerals reports a 326 per cent surge in net profit to $2.4 billion as the world rapidly electrifies and demands a secure supply of sustainable lithium.
Qantas should not pay back pandemic money: Chalmers
Despite Qantas posting a record profit, Treasurer Jim Chalmers says the airline should not have to pay back money it received during the height of the pandemic.
Builder sues $3.6 billion resort for cost ‘breaches’
The builder delivering Brisbane's new Queen's Wharf resort and casino has sued the project's backers claiming more than $400 million in additional costs.
Aust shares climb for third day as sentiment rebounds
The ASX has finished up 0.5 per cent, with more strong gains for tech stocks after Nvidia posted a "jaw-dropping" earnings beat.
Ardent settles shareholder suit over Dreamworld tragedy
Dreamworld's parent company has settled a shareholder lawsuit that claimed losses following the deadly accident at the Gold Coast theme park in 2016.
Australian shares on track for third day of gains
The ASX was up 0.2 per cent at midday, with strong gains for tech stocks after Nvidia posted a "jaw-dropping" earnings beat.
Nine cops 38 per cent profit hit as ad revenue slips
Profits at media company Nine Entertainment have dropped after a record result the year prior as the industry battles declining ad revenue and the threat of AI.
Qantas soars to $2.5b profit, plans share buyback
Qantas has posted its first full-year profit after incurring $7 billion in losses during the pandemic, and has ordered two dozen new Boeing and Airbus aircraft.
Company profits raise concerns over living costs
Hefty profits reported this week by a trio of major Australian companies, including Qantas, are feeding into public debate about the rising cost of living.
Woolworths to cut bonuses for managers after deaths
Safety lapses that led to the deaths of two workers at Woolworths stores have triggered a review of every piece of equipment used by the supermarket chain.
Shoppers ‘could fare worse’ without supermarket duopoly
Breaking up duopolies like Coles and Woolworths would actually disadvantage shoppers, Australia's outgoing Productivity Commission head Michael Brennan says.
Woolworths says cautious customers are cutting back
Woolworths is tipping price rises in some categories after the supermarket giant posted a $1.62 billion full-year profit, up slightly on the previous year.
‘Use it or lose it’: Qld treasurer warns BHP on leases
BHP has been warned to "use or lose" its Queensland mining leases as the treasurer continues his stoush with miners over the government's royalties regime.
‘Right chair for the right time’: Ita’s ABC term to end
The ABC will get a new chairperson in 2024 after Ita Buttrose confirmed she won't seek a second term as head of the public broadcaster.
Coles profits rise as consumers skimp on eating out
Consumers are increasingly turning to supermarkets to ride out the cost-of-living squeeze, with Coles experiencing strong growth in sales revenue.
Woodside fatality, safety lapses mar strong first half
Woodside has reported a six per cent jump in profit to $A2.7 billion, but the death of contractor Michael Jurman has overshadowed its strong performance.
BHP warns on tax, productivity after plunge in profits
Profits and dividends are down at BHP on lower commodity prices, but the mining giant says it is managing inflationary pressures better than its rivals.
Five areas earmarked to boost living standards, wages
Treasurer Jim Chalmers says Australia is one of the nations best-placed to respond to global economic headwinds, given the strength of its labour market.
Treasurer issues challenge over offshore gas tax change
The treasurer has challenged the opposition and the Greens to pass new laws taxing offshore gas companies and bringing forward revenue to boost the budget.
Sky-high airfares on the radar to meet emission targets
Net-zero emission targets may ramp up the price of plane tickets as airlines face accusations of wasting capacity, putting an artificial cap on demand.
alternative energy
energy (general)
energy and resource
environmental issue
environmental pollution
renewable energy
road transport
transport
Hydrogen policy revamp needed to cut truck pollution
Australia needs more hydrogen refuelling stations, central production facilities and more ways to transport the fuel to cut transport emissions, a study says.
Hard decisions to be made as Australian population ages
The federal government's upcoming Intergenerational Report will show Australians will live longer, healthier lives even as demand for care services soars.
Class action over AMP’s misconduct settles for $110m
Financial giant AMP has agreed to pay $110 million to angry shareholders suing over misconduct revealed at the banking royal commission.
IAG reports ‘solid year’ as net profit jumps
Insurance giant IAG says it made $832 million in 2022/23, up from $347 million the year before, as it works to become a stronger and more resilient company.
Australia’s care workforce to soar as population ages
Australian life expectancies will continue to hit an advanced age, with a key sector of the economy expected to grow as a result, a key report shows.
Skills week an olive branch to change in career pace
If work has got you down and the daily grind is feeling bleak, an olive branch and new profession is being offered ahead of national skills week.
Queensland splashes millions to lure business to bush
The Palazczuk government is spending $80 million on a package to boost business and investment in regional Queensland.
Australian shares suffer worst week in nearly a year
The local bourse finished the day flat to conclude the week down 2.6 per cent, its worst since a 3.9 per cent sell-off for the week ending September 2.