Coalition targets public service cuts
Treasurer Josh Frydenberg and Finance Minister Simon Birmingham say the 35 policies announced by the government during the election campaign are fully costed.
Economy, Business and Finance
Why are Queensland wholesale spot prices for electricity up 150% this year? It’s complicated
So far this year, average spot prices have been about 50% higher than last year and 150% higher in Queensland.
Health, resources key to Labor’s pitch
Anthony Albanese has visited regional Queensland to promote Labor's battery manufacturing plan, before travelling to the northern Brisbane seat of Lilley.
Tech stocks savaged as ASX drops 1.8pct
The ASX has fallen under 7000 points and hit a 14-week low amid carnage in the tech sector, which has suffered its worst single-day losses since March 2020.
Coalition commits $1bn for naval facility
A billion-dollar naval centre will be built to maintain Australia's warships, with Scott Morrison campaigning in regional NSW following alarming polling.
Battery tech firm builds own supply chain
An Australian pioneer in big battery systems is building its own local supply chain, as well as CSIRO-backed sovereign technology.
CBA Q3 profit steady amid margin pressure
Australia's biggest lender says volume growth has been offset by margin pressure in a competitive market.
Mask rules ditched for flyers in Europe
Australians travelling in Europe this northern spring will not have to wear masks on planes or at airports inside the EU, as COVID-19 restrictions ease.
Qld to set up new Public Trustee board
Queensland has passed laws to set up a new board to monitor the Public Trustee, but opposition and crossbenchers say the reforms don't go far enough.
Qld councils broke finance reporting law
Queensland's auditor-general says 60 per cent the state's local councils are at moderate or high risk of not being financially sustainable.
NSW premier commits to extra ICAC funding
NSW Premier Dominic Perrottet has pledged more funds to the states anti-corruption watchdog, hours after the prime minister launched new attacks on the agency.
Consumers brace for sharp rise in rates
The Westpac-Melbourne Institute monthly consumer survey showed a sharp drop in confidence as Australians brace for more interest rate increases.
ASX down 2.5 per cent in early trade
Roundup of ASX and finance activity. There will be a noon update, another at the close of the ASX and then a final wrap by 1730 (AEST).
Exporting the dollars: How Australian solar technology is making foreigners rich
Queenslanders are missing out on the jobs of the future because governments have not focused on making things in Australia.
Proposed grid reforms energise investors
Moves to redesign Australia's electricity grid to better support renewable energy projects have been welcomed by institutional investors in the sector.
Petrol prices up again despite tax support
Petrol prices are continuing to climb across Australia, with some cities paying more than 180 cents a litre as global factors undermine the cut in fuel excise.
Farmers fear resurgent mouse plague
Farmers are being urged to check paddocks for signs of mice amid reports of increased numbers of the rodents in the wake of extensive damage last year.
Swipe-free smartphone for the ages
Australian seniors who struggle with technology could benefit from a simplified smartphone, designed to prevent scam calls and messages.
Greens to call for young voter ‘uprising’
Greens Leader Adam Bandt says young people have to fight for their future as the party turns to first-time voters to strengthen their foothold in Canberra.
Cost cuts limit Westpac H1 profit drop
Competition and higher provisions have weighed on Westpac's first half results, with cash profit declining 12 per cent to $3.1 billion.
Three Star executives resign amid probe
Three Star executives have resigned in the midst of an inquiry into the company's fitness to hold a Sydney casino licence.
Dairy farmers ‘squeezed on milk prices’
Dairy farmers say they are being sent to the wall over milk prices, as one NSW farmer prepares to walk away from the industry because of increasing costs.
Hydrogen to fuel Gladstone jobs bonanza
A hydrogen and ammonia-producing plant coming to Gladstone will create nearly 2,600 jobs and propel central Queensland to becoming what the state government calls a “clean energy powerhouse”.
Cybersecurity risk ruling for fin services
RI Advice Group has breached its licence obligations by failing to have adequate risk management systems to manage its cybersecurity risks, a court has ruled.
Fuel costs up 40 per cent in one year
Capital city household transport costs are more than $400 a week, with higher fuel costs taking up a greater proportion of the overall spend, a report says.
SA to withdraw Russian investments
South Australia has introduced legislation to parliament to divest the state government of any investments in Russian assets.
Qantas to buy rest of key charter operator
Alliance Aviation Services and Qantas have agreed for the latter to fully take over the leading contract and charter flights operator.
Sunny future for solar manufacturing in regional Queensland
From the biggest solar power-producing car park in Australia, to powering the National Zoo in Canberra, one Mackay-based business is proving the future jobs and economics of the renewables manufacturing industry already here.
Morrison, Albanese pitch plans for economy
Scott Morrison and Anthony Albanese are emphasising their economic credentials, against a backdrop of rising interest rates and cost of living pressures.
NAB lifts first-half profit, dividend
National Australia Bank's first-half cash profit has risen 4.1 per cent, and the lender has also lifted its interim dividend to 73 cents a share.
ANZ lifts H1 profit, eyes improved margins
The nation's third-largest bank has reported a lift in first-half profit after tightly managing costs and improving home loan processing times.