The 5.2 per cent increase for the country's lowest-paid workers was necessary to deal with rising grocery and fuel prices, with inflation sitting on 5.1 per cent and set to go to six per cent by the end of the year.
The federal court has approved Blackstone's $8.9 billion takeover of Crown Resorts, with James Packer to receive more than $3b from the deal.
Australian oil and gas producers have had to shell out 40% of their profits in tax, in addition to 30% company tax on profits, for years. And yet the amount collected is tiny: $2.4 billion.
Consumer confidence has tumbled to multi-year lows in the face of sharply rising interest rates, but low paid workers may gain a lift from a large pay rise.
Power supply jitters and rising electricity costs in the eastern states are being watched closely in Western Australia, which has avoided the emergency.
Australian crypto traders expect the market will decline further after a sudden plunge on Monday, but that doesn't mean they're giving up on Bitcoin.
NSW could face blackouts on Tuesday evening as the cold affects electricity supplies and the energy minister admits the sector is facing huge challenges.
Trade Minister Don Farrell has chaired a meeting of 19 agricultural export countries, agreeing to push the World Trade Organisation for reform to the sector.
Farmer confidence is declining according to the latest survey, with increasing input costs and the war in Ukraine impacting Australia's agricultural sector.
The value of Australia's residential housing stock has topped $10 trillion for the first time, Australian Bureau of Statistics data shows.
Australia's eastern states are facing blackouts, with the energy market operator forced to intervene.
The Australian Energy Market Operator has issued an alert warning for possible blackouts in Queensland, saying demand for electricity may exceed supply.
A major power crisis along the east coast has been avoided with the intervention of the regulator and cooperation of industry, Energy Minister Chris Bowen says.
The Australian Energy Market Operator is likely to again have to order Queensland electricity generators to fire up their plants to avoid blackouts.
The local share market has suffered its worst losses since 1 May 2020, and is now down 7.3 per cent in June.
A former Queensland financial adviser accused of swindling $6 million from clients to invest in a South Australian abalone farm has had his conviction quashed.
Clive Mensink has lost two appeals over contempt of court proceedings brought when he failed to attend court to be questioned about Queensland Nickel.
A Victorian pilot program will see 500 electricians trained on how to install and maintain electric vehicle charging stations.
As the federal government weighs up its options to deal with the energy crisis, a former prime minister says decisive action is needed in the gas market.
Small businesses are feeling the pinch from rising energy costs, with confidence dropping during the past six months, particularly among young business owners.
The local share market has closed at its lowest level in 14 months following three sharp declines in the past four days.
It's been another brutal day for Australia's banks and non-bank mortgage lenders, with the financial sector on track for its worst week since March 2020.
The Housing Industry Association said new home sales fell by 5.5 per cent in May and further declines are expected as rising interest rates take hold.
The Australian share market has finished 0.36 per cent higher amid gains for oil producers and coalminers, while the big banks posted losses.
A major lettuce producer says the cost of the leafy vegetable should ease soon, although consumers are being warned that produce prices will remain high.
Phosphorous, one of the world's essential resources in producing food, is under threat due to the pandemic and the war in Ukraine disrupting global supplies.
Brisbane-based crypto exchange Swyftx and Sydney-based low-cost share brokerage Superhero have agreed to merge into a single "superapp".
Lettuce prices are skyrocketing. Twitter users are posting photos of iceberg lettuces for A$10 and $11.99, well above the more usual $2.80.
coal
economy (general)
environmental politics
environmental pollution
global warming
politics (general)
Methane emissions from Australian coal mines could be double official estimates, a new report says, threatening efforts to limit global warming to 1.5C.
Energy Minister Chris Bowen has instructed the Australian Energy Market Operator to procure and store gas to help avoid future energy crises.
Treasurer Jim Chalmers says he is not worried about the Australian economy going into recession, but he acknowledges inflation poses a major challenge.
