KFC Australia posts record $1b in full-year sales
Collins Foods says a decision to not fully pass on inflation resonated with customers, although it cut the company's profit margin.
Economy, Business and Finance
Aust shares near three-month low as rates keep rising
The local bourse has fallen 0.3 per cent, finishing lower for a fourth straight day and closing at its lowest level since March 29.
Macfarlane to retire as head of Qld mining lobby group
Mining lobby boss Ian Macfarlane has vowed the sector will continue its campaign against Queensland's royalties regime as he announced he was stepping down.
Minerals project pipeline could throttle climate action
The mining industry has been warned investment plans are still geared to gradual climate action, leaving the world short on supplies for a swift energy change.
New Parramatta River ferries to be built in Australia
Seven new Australian-made ferries have been commissioned for the Parramatta River to replace the RiverCat vessels, which are ready to retire after 30 years.
Promise for renters’ rights to be on national agenda
As national cabinet prepares to consider how to improve renters' rights, the federal government has ruled out price caps after its housing fund was deferred.
More Aussies look to ‘Netflix of cars’ to save money
The car subscription trend is about to turn five years old in Australia but companies say customers are not using the service as expected.
One in three to get slice of $815m in insurer payouts
More than 5.6 million Australians could be eligible for a payout after insurers were found to have unnecessarily complex pricing promises and practices.
Government announces review of legal aid agreement
Attorney-General Mark Dreyfus has announced details of an independent review into the way governments support legal services.
Australia’s first cybersecurity boss to fight hackers
Senior Air Force commander Darren Goldie will become Australia's first cybersecurity co-ordinator as the federal government seeks to ward off hackers.
Australian shares suffer worst fall in three months
The local share market dropped 1.6 per cent after the US central bank chairman said interest rates needed to rise further.
Another electric vehicle breaks Australian price record
The lowest price for an electric vehicle in Australia has fallen even lower as automakers battle for a slice of the market.
Senate inquiry adds to scrutiny of Perth Mint fumbles
Perth Mint faces a Senate inquiry on top of an audit and compliance overhaul amid longstanding issues and controversies including gold bars alloyed with silver.
Treasurer’s ‘big call’ on RBA top job due in weeks
The treasurer is expected to make a decision about the leadership of the Reserve Bank of Australia as existing governor Philip Lowe's term draws to a close.
PwC tax breach ‘trashed’ consultation process
Actions taken by consulting firm PwC have been blasted as deeply disappointing by Treasurer Jim Chalmers, who says people are right to be angry.
Economy falters as rattled consumers tighten belts
Australia is on track for two years of sluggish economic growth that may be even weaker than first feared.
Activist on bail after port railway blockade protest
A 22-year-old woman has been banned from travelling north of Gosford unless attending court after protesting at the Port of Newcastle.
Woodside to proceed with $10.6b oil project off Mexico
Woodside Energy is moving forward with a $10.6 billion plan to develop the Trion oil field in the Gulf of Mexico, drawing criticism from climate activists.
economy, business and finance
energy and resource
environmental issue
industrial production
metal and mineral
mining
politics
Critical minerals plan ‘sets a floor, not a ceiling’
More than a quarter of a million new jobs could be up for grabs if Australia can supply factory-ready materials for the world's electric cars and clean energy.
Treasurer allays recession fears as economy slows
While key government bodies don't expect the economy to go backwards, Australians have been warned to prepare for a global slowdown.
Electric rideshare cars cut pollution but not traffic
A new study reveals trading petrol for electric ride-share cars could significantly cut vehicle emissions but may increase traffic congestion.
Electric car launches spark a price war in Australia
MG has revealed plans to launch the cheapest electric vehicle in Australia three days before rival BYD had promised to set a new price record.
economy, business and finance
electricity production and distribution
energy
energy and resource
environmental issue
industrial production
mining
AGL accelerates big batteries to drive energy change
Australia's top emitter AGL Energy expects the popularity of electric cars to accelerate and drive increased consumption of energy that must become green.
Fire ants: the war Australia can’t afford to lose
Australia's red fire ant invasion is more than 20 years old but people are yet to grasp how everyday life will change if efforts to defeat the super-pest fail.
ANZ, Suncorp agree to major investments in Queensland
ANZ is promising to establish a major tech hub in Brisbane while Suncorp says it will establish a new disaster response centre at its headquarters there.
Profit upgrade electrifies AGL Energy, power bills soar
AGL Energy says it will spend more than $10 billion over the next decade to exit coal but high wholesale power prices mean profits will more than double.
Aussie gambling rates rebound to pre-pandemic levels
Gambling levels in Australia that dropped during the height of COVID-19 restrictions have returned to pre-pandemic levels, a study has revealed.
AGL Energy accused of manipulating electricity prices
A class action alleges AGL Energy intentionally increased the price of wholesale electricity by "gaming" the market, hitting consumers with higher power bills.
Retail Food Group says rate hikes slowing sales growth
Retail Food Group says sales growth has moderated to just 2.2 per cent over the past 21 weeks.
Steep rate rises cleared for NSW councils
Some NSW councils will be able to increase rates this year by more than a third as many local governments struggle with financial pressures.
Truck drivers protest at Aldi over safety standards
Transport workers are protesting at Aldi stores as the union says the German supermarket giant is putting drivers under pressure.