Energy boom behind major profits: Treasury
Treasury officials have been grilled about the drivers behind inflation and confirmed external supply side shocks as the chief cause.
Economy, Business and Finance
Blue Sky crash spurs second class action
Angry shareholders have filed a second class action over Blue Sky's 2019 implosion when its market value was wiped unexpectedly.
Big banks help boost Aust market at midday
The big banks and lithium miners were leading the market at midday, helping the ASX shrug off a plunge by building products company James Hardie.
Govt denies cuts to regional Australia
Infrastructure department officials have revealed there was a $1.2 billion decrease in regional spending, but deny it amounts to a funding cut.
Westpac says no stressed customers – yet
Westpac is seeing no signs that higher rates are causing mortgage delinquencies, but says it is inevitable they will eventually have an impact.
Aust shares gain, finish week up 1.6pct
The local share market has climbed in afternoon trading to finish Friday up 0.5 per cent, with energy and mining sectors particularly strong.
Lost in transit: airport oddities for sale
From a ukulele to a hoverboard or massage table, Brisbane Airport's lost property auction offers up some weird and wonderful finds.
Gas takes top bill in politics of power
As power and gas bills rise, so does the pressure on federal and state politicians to take action to solve the energy and climate crisis.
Farmers vent methane pledge concerns
Livestock producers warn a commitment to slash methane emissions by 30 per cent is creating unease amongst some in the farming sector.
Scam bill to double in 12 months: Labor
Scammers are on track to rip off Australians to the tune of $4 billion this year, with authorities telling people to take time to check an offer or contact.
coal
economy, business and finance
electricity production and distribution
energy
politics (general)
unions
Qld residents assured on power supply
One of Queensland's newest coal power stations is slowly bringing half its generation units back online after a series of equipment failures this week.
Qantas confident in post-pandemic recovery
Qantas is returning to pre-COVID levels of service and Alan Joyce will remain as chief executive, the airline's chairman Richard Goyder has told shareholders.
PM promises action on power price relief
The prime minister is promising to take action against energy companies that don't pass on massive profits to Australian households in the form of savings.
ASX flat, but on pace for 1pct weekly gain
The local share market was treading water at midday, but was still set to close the week around one per cent higher after strong gains earlier this week.
Native food potential mapped across Aust
The mapping of Australia's entire landscape to show where more than 170 native foods grow best can help grow commercial production, researchers say.
Budget pressures piling up: Treasury boss
The federal budget faces many challenges - such as climate change - that need to be handled skilfully or risk degrading quality of life, the Treasury boss says.
Queensland scientists unlock methane-busting seaweed
An Australian-led research team has cracked the genome for a native seaweed that can be fed to cattle and cut their methane emissions by more than 80 per cent.
Volvo shocks with Aussie electric target
Volvo's Australian arm has revealed plans to stop selling new petrol vehicles by 2026, four years earlier than its global target.
Coal and gas ‘natural ally’ of renewables
Australia's resources minister has described coal and gas as a "natural ally" of renewable energy and essential to powering mining and economic change.
Aussies want cheaper electric cars, bikes
Most Australians want changes to accelerate the switch to electric vehicles, according to a new study, and support a ban on new petrol car sales by 2035.
Corporate tax soars but many paid nothing
The COVID-19 recovery and commodity prices delivered a record year for corporate taxes, however hundreds of big businesses did not pay a cent.
100 years since the Flying Kangaroo took to the skies in Queensland
Australia Post and Qantas are celebrating the 100-year anniversary of the first passenger and airmail flights into Queensland's outback.
Housing lending plummets and worse to come
New home lending activity is drying up as rising interest rates shrink the amount banks are willing to lend.
RBA sees the pain but says rates must rise
Reserve Bank of Australia Governor Philip Lowe has underlined his case for raising interest rates, warning that not doing so could have dire consequences.
Home prices fall for sixth month in a row
The home prices slump is starting to slow down but it may be premature to say the worst is over.
Aussie firm turns classic cars electric
An Australian company converting classic Land Rovers into powerful electric vehicles is set to make a worldwide impact after merging with a UK firm.
Banknote demand rising as more hoard cash
More Australians holding on to high-denomination banknotes because they apparently want to keep cash close to hand, according to central bank data.
Qld govt not learning from mistakes: audit
The Queensland government is failing to implement changes that would make it more efficient and limit the risk of financial losses, the auditor-general says.
Treasurer taking gas price cap ‘seriously’
Jim Chalmers says he's taking calls to implement a cap on gas prices seriously as power costs continue to climb for households and small-business owners.
Shelved NSW trade boss neutral on decision
A NSW trade boss overlooked for a prestigious role has dismissed it as "the decisions of government", during an inquiry into overseas appointments.
Code of conduct could lower gas prices
Jim Chalmers says a mandatory code of conduct for gas retailers could help to bring down soaring power prices, but he still can't say when that might happen.