Beloved skipper killed, four rescued after boat capsize
A boat skipper has died and four people have been rescued after a charter boat capsized after hitting a dangerous sandbar, prompting a rescue effort.
Economy, Business and Finance
Inflation ‘quirks’ unlikely to spook Reserve Bank board
Hopes of a rate cut have slipped after a shock surge in inflation, but it's not off the cards yet with more data to come before the next Reserve Bank meeting.
One in five young jobseekers are fudging AI skills
The pressure to understand and use artificial intelligence tools is getting to gen Z and millennial workers, with many admitting to exaggerating their talents.
Coal prices weigh on Whitehaven as profit slides
A major Australian coal producer has reported better-than-expected production from its new mines, but price pressures cut into its full-year result.
Record day in gains for ASX results in a sea of green
The ASX has finished a record-breaking trading session at an all-time high as investors turned the bourse green on the busiest company reporting day.
Tax perks on super for retirees ‘deserved’: treasurer
As the government considers tax changes to give younger generations a break, concessions on super for retirees are still fair, Jim Chalmers says.
Housing bubble warning as deposit scheme fast-tracked
House prices could surge and mortgage defaults rise when a government scheme to help first home buyers begins ahead of schedule, experts warn.
BWS owner cuts dividend as Aussies avoid booze splurge
Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.
Mail mess as Australia Post stamps out US deliveries
Businesses are counting the cost of Australia Post suddenly suspending many deliveries to the US and Puerto Rico because of import tariff rules changes.
Industry, climate firms to give green iron green light
Creating a green metals industry is taking longer than expected, experts say, but an Australian summit is seeking ways to accelerate its creation.
Biotech giant to slash 3000 jobs, spin-off vaccine arm
Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.
BHP mulls mothballing coal mines over royalty regime
BHP has delivered record production across several metal groups, but sluggish commodity prices and one state's royalty regime have chiselled away at earnings.
Red tape on chopping block in bid to build homes faster
Slashing regulations so houses can be built quicker has won universal approval at a government-led economic roundtable, but the finer details are up for debate.
Trade and skills under spotlight in ‘promising’ talks
The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.
Ex-Qantas boss returns to defends his troubled legacy
Controversial former Qantas boss Alan Joyce has used a rare public appearance to ask industry figures to consider their "social licence" in future plans.
Paul Kelly farewells Joe in How to Make Gravy sequel
One of Australia's most celebrated artists has released a sequel to Christmas anthem How to Make Gravy, almost three decades after its release.
Footy fans help consumer spending roar into growth
A British and Irish Lions rugby tour and the State of Origin league decider helped push household spending up in July, the latest CommBank data shows.
Aussie shares in record close, break $2.9 trillion mark
Australia's top 500 publicly traded companies are now worth more than $2.9 trillion, as major benchmark indexes closed at their highest ever levels.
Charge ahead: road taxes may be closer than they appear
A road user charge targeting electric vehicle drivers is gaining widespread approval but how it will work and when it will arrive remains up for debate.
Renewable transmission plan expands, cost to double
One of Australia's largest renewable energy transmission projects faces a cost blowout with expanded areas of land for solar, battery and wind.
Google cops $55m fine for search engine deals on phones
Google engaged in anti-competitive behaviour when it asked telcos to install only its search engine on phones, Australia's competition watchdog says.
Australian shares higher as central bank cuts rates
Discretionary, banking and utilities stocks have given the local share market a boost as the central bank resumes its easing cycle.
CommBank’s record $10b profit could’ve been bigger: CEO
Commonwealth Bank could have delivered a better result than its $10 billion profit if it weren't positioning itself for AI revolution, its boss says.
Animals may be ‘threatened species’ after algal bloom
An assessment of the devastation to marine animals caused by an unprecedented algal bloom will be fast-tracked by the federal government.
Energy retailer profits slump, looks to renewables
An electricity and gas retailer has seen a mammoth hit to its profits after a drop in energy prices as the company turns its focus towards renewables.
Further rate cuts at risk as rent pushes up inflation
Future rate cuts may be less likely if renting and construction costs contributing to housing inflation continue to grow.
Liquid gas investment inflates Origin Energy’s profit
Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.
Casino giant rolls the dice on mega precinct sale deal
A debt-riddled casino operator will sell its share in a massive capital city waterfront development to Hong Kong partners as it fights to stay afloat.
Australian shares edge higher ahead of rates call
Discretionary and bank stocks have helped buoyed the local share market ahead of an expected interest rate cut from Australia's central bank.
Rebooted plastic scheme could hike groceries cost
Consumers could face higher prices for goods wrapped in soft plastic as plans for a much-anticipated recycling scheme are revealed.
Rates cut but borrowers told not to bank on more relief
The cash rate has been cut to its lowest level in more than two years, as the Reserve Bank resisted the temptation to wrong-foot analysts twice in two months.