Green shoots for economy as Australia snaps dire record
Australia has accelerated out of an economic slump after expanding by 1.3 per cent in 2024, leading to a rise in per capita growth - a proxy for prosperity.
Economy, Business and Finance
Most workers feel overwhelmed by AI but bosses want it
Four out of every five Aussie workers are overwhelmed by changes at work but most executives want to use artificial intelligence to create bigger transitions.
Shop shelves stripped as residents sandbag for cyclone
Operators of a popular boat club nervously watching water lap at its doors are among millions of people frantically preparing for the arrival of a cyclone.
‘Short window’ as property prices rebound on rate cut
Two capital cities are leading the housing market higher as buyers look to get ahead of a wave of demand as interest rates finally fall.
Australian economy to get pulse check, RBA minutes drop
National accounts figures headline a bumper week on the economic front, with RBA minutes, retail trade, housing data and government finances also on show.
Plug-in hybrid car tax breaks about to hit the skids
Drivers have one month left to claim a tax break on plug-in hybrid electric vehicles, amid calls for Labor to give the fuel-saving cars more support.
consumer issue - macro economics
economy, business and finance
house building
housing and urban planning
politics
Record high house prices as rate cut buoys sentiment
House prices have rebounded to record highs after the Reserve Bank's rate cut boosted sentiment and improved Australians' borrowing power.
Coalition matches Labor pledge to keep beer tax on ice
A promise to pause the draught beer excise for two years under a re-elected Labor government has been followed by a matching pledge from the opposition.
Australian shares hit eight-week low as slide continues
The ASX200 has finished 1.2 per cent lower to make February its worst month in more than two years after US President Donald Trump's call on tariffs.
Changing mail habits stamp out daily letter deliveries
Australia Post is enjoying kudos after an improved financial result but faces a reform marathon focused on letter deliveries en route to long-term viability.
Nearing collapse, Star hopes for last-minute bailout
Star Entertainment Group shares have fallen to a three-week low as the casino company said it anticipates receiving a last-minute bailout offer.
‘Cruise from hell’ passengers reimbursed and then some
Passengers will get back about double what they paid for a storm-affected P&O cruise from Australia to the south Pacific.
Qantas shares take off on strong first-half result
Qantas says it has learned its lessons after posting a strong return to form with a nearly $1.4 billion first-half underlying profit after tax.
Coles gains on Woolies, grabs sales during rival’s woes
Coles estimates it scored $120 million in extra sales during a 17-day strike by Woolworths workers, as it announces superior sales growth than its big rival.
Michael Hill International CEO dies unexpectedly
The chief of leading jewellery chain Michael Hill has died suddenly after suffering an adverse reaction to medical treatment for an underlying condition.
Woolworths profit hit by 17-day warehouse strike
Woolworths Group says its profit was down 20.6 per cent to $739 million in the six months to December 31, in part due to a strike by warehouse workers.
Australia warned not to hit back at US with tariffs
The treasurer has pushed for Australia to be exempt from US tariffs on steel and aluminium imports, with a decision due soon from Donald Trump.
breaking_news
economic indicator
economy, business and finance
housing and urban planning
inflation and deflation
macro economics
politics
real estate
Underlying inflation up but good news on housing, rents
Fresh inflation figures should help convince the Reserve Bank to cut rates again in May, despite a slight uptick in underlying price growth, economists say.
Woodside CEO laments red tape over gas project approval
After reporting a doubling in profit, the boss of Australia's biggest oil and gas company says she is disappointed at delays in gaining government approvals.
breaking_news
economy, business and finance
international (foreign) trade
international relations
politics (general)
tariff
Treasurer to push for tariff exemption in US meeting
As superannuation giants attempt to build ties with US investors in Washington, Treasurer Jim Chalmers will try to secure a tariff deal with his US counterpart.
Domino’s shares battered as store closures hit profits
Domino's Pizza's Australian boss has promised improved profitability after the fast food chain shuttered hundreds of under-performing stores across its network.
Hackers may have stolen IVF patients’ personal data
Major IVF provider Genea has informed patients a cyber attack may have compromised their personal information, including medical records and treatments.
Household solar panels create a ‘worry’ for energy boss
Australian households may face changes to the way rooftop solar is handled as electricity grids adapt to more renewable energy created during daylight hours.
alternative energy
energy
energy (general)
energy and resource
energy resources
energy saving
environmental issue
environmental politics
environmental pollution
nuclear policy
nuclear power
politics
politics (general)
renewable energy
Nuclear plan may miss nation’s energy goal by a decade
Switching from renewable energy to a nuclear power plan could push Australia's 2030 climate target out until 2042 and produce significantly more emissions.
Consumer prices to gauge inflation fight raging in 2025
Price changes in January will be among the first set of data scoured by the Reserve Bank as it studies whether a further interest rate cut is on the cards.
Local steel quotas in major projects being considered
Treasurer Jim Chalmers says the federal government wants local steel to be used in Australian projects, as it considers introducing quotas.
economy, business and finance
heavy construction
manufacturing and engineering
metal and mineral
politics
PM puts Australian steel in frame of renewables rollout
The federal government will foster jobs in clean energy manufacturing driven by locally made steel and aluminium under a plan unveiled by the prime minister.
No more myki: passengers set for ticketless travel
Victorians are set to get ticketless public transport travel, with train passengers soon able to tap on and off with bank cards and their phones.
Nation grinds to a halt without steel, industry warns
Rescuing Whyalla's steelworks is essential to maintain sovereign steel capability - vital to the economy and national security, the industry peak body says.
Clean industry pitch to save town from job losses
Gravity energy storage in disused mine shafts and critical mineral development are part of a pitch to save a mining town set to lose a big source of employment.
breaking_news
central bank
economy, business and finance
inquiry
interest rate
money and monetary policy
politics
politics (general)
Hazy outlook fuels Reserve Bank caution on disinflation
Caution has been urged over future cash rate changes as uncertainty looms large over global policy, the impacts of rate decisions and the labour market.