Australians are ‘furious’ about inflation: RBA deputy
The Reserve Bank's deputy governor Andrew Hauser says Australians are fed up with higher living costs, and want inflation to be brought under control.
Economy, Business and Finance
Reserve Bank’s grim rates warning as oil prices spike
The war in the Middle East is threatening to push oil prices back above the crucial $US100 a barrel mark and make inflation even harder to get back to target.
One Nation rejects need to model proposed super changes
Barnaby Joyce has denied a plan to allow early access to super would worsen inflation, despite appearing to admit economists had not modelled the policy.
Hard deadline: call for coal plants to pay to stay open
Keeping coal-fired power stations operating past their deadlines is delaying renewable energy projects, an industry group says.
AI boom forecast as Australia’s biggest bonanza yet
The economic benefits of AI adoption are beginning to flow in Australia, with about 15 per cent of tasks and occupations set to be replaced by 2060.
Sustainable jet fuel project moves closer to take-off
A multimillion-dollar project designed to produce green fuels is a step closer to launch after securing a $30 million investment.
Man and woman dead after plane crashes, sparks fire
A man and woman are dead after a light aircraft plunged into a rural property and sparked a large grass fire, in what police described as a "confronting" scene.
Developer hammered as staff stood down, projects paused
The business model of a crumbling development firm has been labelled strange and opaque, after workers were stood down and construction projects halted.
Cold start to nation’s normally hot home sales season
The property market is yet to shake off its winter chill as capital cities reported fewer auctions in the first week of the normally busy spring sales season.
Fijian circus takes off, as crowds build for Riverfire
Crowds are building along the Brisbane River for the Riverfire display, as Fiji's first ever circus shows off under the big top.
Miner digs deep to extend life of old copper operation
The South African owner of an Australian copper mine has bold plans to extend the depth of the asset after setting an ambitious production target.
Mates jump at Green Shadows to get bus to Birdsville
A man who races yabbies and auctions goldfish couldn't resist a stake in a nag that never made it in the city, but is a red-hot chance in the dust and dirt.
Electric cars outsell petrol rivals for the first time
Fuel prices are up and so are electric vehicle sales, with Australian drivers now buying more battery-powered cars than either petrol or diesel models.
Worse than 2007: productivity stat bad news for the RBA
Low productivity means Australia's economy is growing above its "speed limit", amplifying concerns the Reserve Bank will hike interest rates again.
Controversial gas pipeline a step closer
Streamlined environmental assessments of a pipeline linking a territory's gas field with the east coast have been granted to the company proposing to build it.
‘Bloody dangerous’: world to exceed 1.5-degree warming
Earth is on track to exceed 1.5 degrees of warming within years, the United Nations has warned, exposing communities to more extreme weather.
Federal police swoop on former CFMEU powerbroker’s home
Federal police have raided the Melbourne house of a former CFMEU heavyweight as part of an investigation into alleged corruption in Victoria's building sector.
Blanket bans on AI could cause ‘data centre panic’
Business peak bodies have cautioned against uniform rules for how data centres are powered, warning it could stifle investment in the technology.
Missing sheep worth almost $2m sparks police probe
An appeal for information has been launched by police after about 5500 sheep were allegedly stolen from a rural property.
Surprise GDP data ‘final green light’ for rate hike
Data centre investment and electric vehicle purchases are making it harder for the Reserve Bank to get inflation down as the likelihood of a rate rise firms.
Man guilty over AI deepfake nude images of schoolgirls
A man told police it was "fun" to use AI to change public photos of girls and adult education staff into nude images before emailing the results to the victims.
Palmer seeks real estate in claim lawyer stole millions
Businessman Clive Palmer's former solicitor unlawfully took $34 million and used it to buy gold bullion and a large property portfolio, a judge has heard.
Kids leaning into AI as literacy levels decline
Young Australians' changing media consumption habits have sparked fears among researchers, as many kids seek out news via generative artificial intelligence.
Record low snow marks harsh reality for ski sector
With the prospect of shorter winters and less reliable snow, ski resorts are investing in snowmaking or expanding their summer offerings to get by.
Economic growth data next milestone for Reserve Bank
GDP figures will headline the week in economic data, while central banks in Canada and New Zealand will meet to set interest rates.
Pacific wants climate, development focus at summit
While the Pacific is often pitched as a geopolitical battleground, the region's leaders and advocates urge a focus on improving lives on the ground.
Retailer banks on outdoor living to lure people inside
Harvey Norman is redoing its Australian store locations and has a big outdoor goods promotion planned after suffering a significant drop in shoppers.
‘Overlapping errors’: tourist’s last wilderness moments
An investigation has shed more light on the final movements of a 31-year-old tourist from Belgium who went missing on a wilderness track in 2023.
‘Not at this point’: Virgin side-eyes rival’s new fees
Virgin has lifted profit in its first full year back on the stock exchange, and is keeping an eye on ancillary revenue outside its normal fare proceeds.
‘No carve-out’: Labor clarifies data centre energy deal
Queensland and the NT will be able to power AI data centres with coal and gas, but ministers want guarantees that energy prices won't rise as a result.
‘We should gang up’: east coast warning on GST deal
East coast premiers have warned Western Australia's GST deal could cost the federal government support outside the resource-rich state.