ANZ, Suncorp welcome takeover approval as ACCC reflects
ANZ's proposed $4.9 billion takeover of Suncorp's banking arm will proceed after a tribunal found it would not lessen competition but would benefit consumers.
Economy, Business and Finance
‘Power to the people’: traditional owners’ energy plea
Indigenous people are presenting their case for inclusion in clean energy projects, like traditional owners from the flood-ravaged community of Wujal Wujal.
Drivers on struggle street fuel Ampol’s ‘mega profit’
Refinery operator and service station chain Ampol has been accused of delaying pump price relief for consumers already stung by a cost of living crisis.
Hyundai breaks ranks to support new car emissions rules
A popular car brand has voiced support for new rules that would cut vehicle emissions, saying Australia only has a short time to catch up to other countries.
Tax cuts aimed squarely at regions, PM declares
Prime Minister Anthony Albanese says Labor's revamped stage three tax cuts will largely benefit working Australians from the bush.
Sixteen homes ‘uninhabitable’ as outage compo capped
Most Victorians caught up in a mass power outage will be ineligible for compensation as the damage to homes from destructive storms is laid bare.
Mazda fined $11.5m for misleading buyers on faulty cars
One of Australia's most popular car brands has been fined $11.5 million for misleading nine customers about their rights to refunds or replacement cars.
company information
economy, business and finance
electricity production and distribution
energy and resource
environmental issue
natural gas
Chaos events make gas more crucial, Origin Energy says
Big batteries and fast-start gas plants will keep the lights on across Australia and help to stabilise highly volatile power costs, Origin Energy says.
Telstra profit up 11pct, to review enterprise business
Telecommunications giant Telstra says while its mobile business performed strongly in the first half, a review of its domestic enterprise division is underway.
Whitehaven H1 profit plunges after lower coal prices
Cheap Russian coal and the costs of an acquisition have hit Whitehaven Coal's first-half profit after the exporter reported a substantial fall.
Surging Kmart sales help Wesfarmers grow H1 profit
Kmart's value proposition resonated with shoppers in the first half of 2023/24, helping Wesfarmers lift its profit by three per cent to $1.43 billion.
Workers protest, call for heat safeguards after death
Construction workers have marched through Brisbane's streets demanding workplace safety action following the death of a colleague in December.
breaking_news
electricity production and distribution
emergency planning
energy (general)
fire
weather
weather news
Communities still in the dark after destructive storms
A dairy farmer is dead and around 135,000 properties remain without power in Victoria after storms knocked down transmission towers and lines.
Commonwealth Bank reports $5.02 billion H1 profit
Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, but has raised its dividend.
High-risk AI use could be banned by new task force
Using artificial intelligence technology in risky tasks such as social scoring and biometric identification could be banned in Australia by a new group.
Treasury eyes ‘rare’ full employment opportunity
No evidence of a wage price spiral suggests the jobless rate can stay lower than previously thought sustainable, says the top Treasury official.
Court backs $2.7 million payout to couple hit by fraud
A couple who lost their newly purchased home are "incredibly relieved" to again be able to claim $2.7 million in damages from the Queensland government.
Coalition wants more protections for airline passengers
The federal opposition is set to introduce laws that would boost consumer protections for airline passengers, following a surge in cancellations.
Funding boost and police blitz put road safety in focus
Road safety upgrades in Queensland will get a half a billion dollar boost under funding to improve urban, regional and remote streets, footpaths and cycleways.
Stamp duty costs climb as home buyers struggle to save
Market analysis has revealed the rising cost of stamp duty on property purchases - and its impact on people trying to break into the housing market.
JB Hi-Fi beats expectations despite H1 profit fall
JB Hi-Fi shares rose five per cent in early trading after the consumer electronics retailer announced its net profit dropped 20 per cent in the first half.
Profits halve for Kerry Stokes’ Seven West Media
Net profits after tax have halved to $63 million for Kerry Stokes' media conglomerate, while revenue has dropped five per cent.
Townsville tapped to turn farm waste into jet fuel
Australia's first sustainable aviation facility could be established in north Queensland to turn sugarcane by-products into low-carbon fuel.
Aust shares market end higher on solid company earnings
The local share market has finished up 0.3 per cent, after better-than-expected earnings from AGL, Transurban, Mirvac, News Corp and Cochlear.
PwC executives accused of ‘thumbing nose at parliament’
The head of embattled consulting firm PwC has come under fire for not providing details of a key report into the organisation's conduct.
Cash remains king after Katter forces cafe to take $50
Lunch is tasty but victory is sweeter for Queensland MP Bob Katter who forced federal parliament's cafe staff to backflip and accept cash.
Woodside says talks over with Santos over $80b merger
Woodside has ended discussions with Santos on a potential merger between Australia's top two oil and gas companies.
Price gouging is everywhere, on everything, all at once
Leading economist Allan Fels says a lack of competition and exploitative practices are just a few reasons why Australia needs to look more closely at prices.
Woodside, Santos end talks on possible $80b LNG merger
Woodside has ended talks with Santos on a potential merger between Australia's top two oil and gas companies following "an initial exchange of information".
Optus outage drives spike in telco customer complaints
The latest watchdog data shows an increase in complaints about telco services, coinciding with an Optus outage that lasted up to 14 hours for some customers.
AGL Energy back in the black, but sights set on green
AGL Energy insists there is a "very, very competitive" market after bouncing back into profit and reserving billions of dollars to replace coal-fired power.