Tax reforms flagged for housing crisis fix
Labor should have another look at contentious housing-linked reforms it unsuccessfully took to the 2019 election, independent MP Andrew Wilkie says.
Economy, Business and Finance
First loss in a week for Australian stocks
The local share market has finished down 0.4 per cent, with commodity producers falling as rare protests erupted in China over harsh COVID-19 lockdowns.
Rents becoming more and more unaffordable
New research has confirmed what many tenants across the country already know - rents are soaring and rising faster than household incomes.
Consumer sentiment lifts for third week
Consumers are heading into the festive season a little more confident, but almost a quarter of families will be going into debt to fund festivities.
Millions to go into debt to fund Christmas
Christmas is always an expensive period and this year households are feeling the pinch, with one in four going into debt to fund festivities.
Aust stocks look set to snap win streak
The local share market was down 0.4 per cent at midday, as commodity prices dipped as rare protests erupted in China over harsh COVID-19 lockdowns there.
RBA sorry for interest rate predictions
Reserve Bank boss Philip Lowe has admitted language around the 2024 interest rate forecast was not clear enough and apologised for the miscommunication.
Security breach chaos at Brisbane Airport
Brisbane Airport's domestic terminal has been emptied after a number of people breached a security checkpoint.
Australian shares end week up 1.5 per cent
The local share market finished Friday up 0.24 per cent, to again close at its best level since May 30 after four straight days of gains.
Elon Musk’s ‘hardcore’ management style: a case study in what not to do
As a case study in how to implement organisational change, Elon Musk’s actions at Twitter will go down as the gold standard in what not to do.
Groundbreaking day for green jobs in Townsville
Townsville’s major new eco-industrial precinct at Lansdown is officially underway, with access road construction starting today on the Council-led project that will generate significant jobs for the city.
Tesla recalls 15,000 cars over light fault
In the second recall in two weeks, all Tesla Model 3 and Model Y drivers in Australia have been warned about a risky light defect.
Aust drops $6.2b on Black Friday bargains
About 11 million people nationwide are expected to take part in Black Friday sales as Australian workers protest conditions at Amazon warehouses.
Nuclear power possible in Australia: forum
A number of coalition MPs have attended a parliamentary forum on nuclear power, in a bid to generate community discussion on the issue.
Harvey Norman spruiks Malaysia opportunity
Harvey Norman, which is holding its annual general meeting, says quarterly sales for its 28 Malaysian outlets have jumped by almost 40 per cent.
Business output shrinks for second month
Demand for services has cooled but manufacturing conditions remain fairly robust, a new survey shows.
NSW floods the costliest natural disaster
The ongoing NSW floods have become the most expensive natural disaster in Australia's history with more than $5.5 billion in claims lodged.
‘Be honest’ on bill shock from new energy
Origin Energy says the push for clean energy is "out of step" with consumers, warning of bill shock for years from the cost of building new renewable assets.
Push for social projects boost in north
In an annual statement on northern Australia, minister Madeleine King says more social projects are needed for the vast region.
Compliance, Crown weigh on Star’s revenue
Star Entertainment says it faces a steep remediation bill even as revenue drops at its flagship Sydney casino.
Spending spree drives rise in confidence
Black Friday sales may be feeding into slightly elevated consumer confidence scores as savvy spenders pounce on discounted items.
ASX quiet again as banks gain, miners fall
The local share market has had its sixth consecutive day of subdued trading, with losses by the big miners balanced by gains for the big banks.
Free rides on Sydney trains this week
Travel on Sydney's trains will be free this week as the government looks to avoid further disruptive industrial action by the union
Call for renewable energy storage target
Climate and energy leaders say a national renewable energy storage target could stabilise soaring power bills and encourage the construction of new systems.
Queensland report backs future for coal
Queensland's coal industry is emerging as a winner in the global energy crisis as demand from India, Japan and South Korea pick up the slack from China's ban.
More money to keep animal diseases out
Additional funding has been allocated to keep livestock diseases out of Australia, with an extra $2 million to help Indonesia's biosecurity system.
BHP set for $9.6b OZ Minerals acquisition
OZ Minerals will grant BHP due diligence for four weeks on an exclusive basis following a revised $9.6 billion takeover offer.
Industrial umpire scraps Svitzer lockout
The Fair Work Commission has stepped in to ensure a port lockout by tugboat operator Svitzer cannot go ahead for six months, as a pay dispute continues.
Deliveroo fallout devastates food industry
Businesses are owed thousands and delivery riders are out of work following Deliveroo's shock closure but experts warn more food services may shut.
Aussie unemployment rate falls to 3.4 pct
The jobless rate has fallen back to 3.4 per cent, according to the Australian Bureau of Statistics, with the labour market still extremely competitive.
Deliveroo pulls out of Australian market
In a shock move, food delivery service Deliveroo has announced plans to shut down its Australian operations, putting thousands of people out of work.