Aussie shares hit three-week low after RBA hikes rates
Local shares have collectively fallen 0.9 per cent after the Reserve Bank surprised the market with another rate hike.
Economy, Business and Finance
‘Should be shocked’, workers could earn more at Maccas
A major recruitment drive will soon target workers for the childcare sector but they could be earning more money flipping burgers at Maccas.
Winter crops in the ground as growers take advantage
Good rain across Australia's cropping regions has given growers a head start on the season, but production is not expected to match records of previous years.
Tobacco tax hiked to snuff out vaping and smoking
Revenue from a federal budget hike in tobacco taxes will go towards programs to reduce smoking rates and vaping.
Woolworths says food inflation ‘frustratingly elevated’
The Woolworths Group says shelf prices rose 5.8 per cent in the third quarter, although that was lower than price increases in the previous quarter.
Interest rate hike number 11 sparks recession worries
The Reserve Bank's decision to fire off another interest rate hike has some worried the economy might get hammered too hard.
Toyota says it’s too early for electric car transition
Australia's top-selling car maker says it is too early for electric vehicles to replace all cars, arguing some motorists could be left behind in the move.
Qantas reveals first female CEO to replace Alan Joyce
Qantas chief financial officer Vanessa Hudson will take the helm of the national carrier from long-standing head Alan Joyce when he retires in November.
Grid operator: renewables are driving down wholesale electricity prices
Rising output from renewable energy across Australia's east coast has resulted in a sharp drop in the price of wholesale electricity, according to the operator of the National Electricity Market.
Woodside chair warns Australian investments at risk
Woodside chairman Richard Goyder is the latest Australian resource executive to warn about regulatory and fiscal uncertainty.
Federal budget records small surplus over year to March
The federal budget recorded a surplus of just over $1 billion in the year to March, as the Labor government reaped higher than expected revenues.
coal
economy, business and finance
electricity production and distribution
energy
environmental issue
natural gas
politics
‘Bittersweet’ end of an era for coal-fired Liddell
After years of pressure from governments and investors about Liddell's future, decades of the power station's workers are gathering to farewell "the old girl".
Family pays tribute to Brisbane man lost at sea on Hawaii cruise
The shattered family of Australian man Warwick Tollemach, who went overboard while on a cruise, has paid tribute as the US Coast Guard calls off its search.
Inflation easing but workers still falling behind
Cost-of-living rises might have turned a corner, but increasing prices are still wreaking havoc on Australian households and businesses.
Australia Post CEO rails against stamp and mail rules
The Australia Post boss says laws governing the floundering service must change and is urging the government to put the national interest first.
Truck drivers risk losing jobs to self-driving vehicles
Technological advances could replace more than 400,000 jobs in the transport sector while also creating new and better positions with higher pay, a report says.
APRA winner Xavier Rudd stoked with Australian accolade
Acclaimed musician Xavier Rudd has finally won his first APRA award - and he can still remember getting his first royalty cheque more than two decades ago.
Electric vehicle hotspots include 131 regional towns
A $78 million deal will see more electric vehicle chargers installed in regional towns, with more than 100 recharging stations planned over two years.
Pathway to budget balance littered with tough calls
Returning the federal budget to balance in less than a decade is possible, according to PwC modelling, but will take dogged commitment to fiscal repair.
Medicine shortage fears a scare campaign, says minister
The government will make it cheaper for people with chronic conditions to get common medicines by allowing them to buy two months' supply with one prescription.
Cash rate call on a knife edge as inflation slows
Official inflation data shows consumer prices have started to lose momentum but the cost of living remains punishingly high for Australian households.
breaking_news
coal
economy, business and finance
electricity production and distribution
energy
energy and resource
environmental issue
international (foreign) trade
natural gas
politics
Gas price caps extended as energy costs stoke inflation
Gas price controls will be extended to help households and business afford access, but the industry warns the measures won't fix supply issues.
Dodgy funeral company banked on Centrepay for payments
The Save Sorry Business Coalition is lobbying the federal government to do more in the budget to help Indigenous people ripped off by an unscrupulous company.
RBA rate calls still face potential parliament veto
The RBA's reviewers have called for greater independence for the central bank but say the government will still be able to step in if the board goes rogue.
Spaceport slated for Cape York attracts global interest
The Cape York Peninsula in far north Queensland could be home to Australia's next major spaceport with plans for large-scale launches before 2030.
Aust shares drop, snapping three-week winning steak
The local bourse closed down 0.4 per cent for both the day and the week after days of quiet trading.
Going with the flow to charge a clean energy revolution
Non-lithium batteries may be needed for the next era of cutting-edge energy and a local firm has already done the hard yards on making them safe.
Doubled rebate makes Queensland most generous state for electric vehicle purchases
Queensland has doubled the subsidy for people who buy electric vehicles with a new purchase price of up to $68,000 with a $6000 rebate on offer.
BHP, Rio Tinto, Woodside and Whitehaven release updates
Woodside says its Scarborough gas project is now 30 per cent complete, while BHP has lowered its nickel production estimates.
Labor, Coalition at odds over RBA board appointments
As the Albanese government seeks to enact the recommendations of a review of the Reserve Bank, the coalition has queried two new appointments.
Optus hacking victims launch action against telco
100,000 Optus customers are taking part in a class action against the telco claiming financial losses and distress.