RBA hones in on domestic demand in inflation fight
The Reserve Bank fired off an interest rate hike last month to take out insurance against lingering inflation risks, minutes from a board meeting confirm.
Economy, Business and Finance
All eyes on RBA messaging for hints on rates outlook
Public appearances from senior Reserve Bank officials should shed some light on the future outlook for interest rates as the tightening cycle nears its end.
More cash on offer for first home buyers
The Queensland government is doubling grants to first home buyers in an effort to get thousands more people into the property market.
Jet still missing as pilot, camera operator feared dead
A pilot and a TV camera operator were on board a former military aircraft when it collided with another plane and plunged into Melbourne's Port Phillip Bay.
Embattled Optus CEO resigns after fraught 18 months
Optus CEO Kelly Bayer Rosmarin has stepped down after a challenging 18 months marked by two of the telco giant's worst and most public disasters.
‘Underperforming’ Nuix stayed mum after $1.8b float
Nuix has been accused of misleading the market by not publicly divulging a failure to meet financial targets presented during a $1.8 billion public offering.
NSW won’t accept cuts to key infrastructure funding
The NSW premier has vowed to continue pushing the federal government to provide the state with its fair share of money for major road and other projects.
Rinehart children’s closing court bid for mining riches
A court battle over iron ore riches has resumed, with billionaire Gina Rinehart's eldest children attending a hearing as their lawyer wraps up their case.
Optus CEO exit a ‘sacrifice for reputation gods’
Australia's corruption watchdog doesn't think Optus chief executive Kelly Bayer Rosmarin's exit serves any purpose other than a quick reputational boost.
New industrial relations law to help deliver pay rises for Early Childhood Educators
Federal Government representatives have joined the Multi-Employer Bargaining meeting for early childhood educators alongside the United Workers Union
China foreign influence trial over $37k donation begins
The first trial to test Australia's foreign interference laws, involving alleged planned political gain over a $37,000 donation, has begun in Melbourne.
Lendlease Group hit with first strike after $232m loss
Lendlease has joined Qantas, Woolworths, Treasury Wine Estates, Magellan Financial and Whitehaven Coal in being slapped with a "first strike" on executive pay.
ASX soon to get its first erectile dysfunction company
Brisbane-based LTR Pharma hopes investors will be standing to attention as it launches a $7 million IPO to fund a nasal spray that works quicker than Viagra.
energy
energy resources
environmental issue
environmental politics
renewable energy
road transport
transport
waste management and pollution control
Riches or rubbish: firms prepare for EV battery surge
The question of what to do with electric car batteries when they reach the end of their useful lives is being discussed in Australia as a deadline looms.
Green hydrogen jobs become a reality with start of Brigalow Peaking Power Plant
CS Energy has announced the commencement of the Brigalow Peaking Power Plant.
Infrastructure funding changes ‘abandon’ rural Tasmania
Tasmania has lost just one project as part of federal cuts to infrastructure plans, but says an overall funding shake-up lets down rural areas.
Mirvac pivoting from office towers to living units
Mirvac is reducing its exposure to office towers while adding projects in the build-to-rent and land-lease community space.
Qld government labels infrastructure cuts ‘outrageous’
The Queensland government has lashed out at federal Labor after commonwealth funding for nine of the Sunshine State's infrastructure projects was axed.
Labor’s SEC safeguard bill appears doomed to fail
The Victorian government is facing defeat in parliament as it tries to change the state constitution to safeguard its state-owned electricity commission.
Teen binge drinking rate down ahead of schoolies events
A federal government study has found a 15 per cent decrease in 14 to 24-year-olds participating in binge drinking over the past 12 months.
Labor’s state-owned electricity bill appears doomed
The Victorian government is facing defeat in parliament as it tries to change the state constitution to safeguard its state-owned electricity commission.
Billions slashed from rail and road projects
Dozens of state projects have had their funding axed as the federal government scrambles to address a multi-billion dollar infrastructure cost blowout.
Albanese welcomes China-US talks on ‘guardrails’
Anthony Albanese says a meeting between the US and Chinese leaders is an important step forward in improving global security.
‘Not happy’: states to pay more for infrastructure
States will be required to go 50-50 with the federal government on infrastructure projects, angering premiers who believe the changes are unfair.
Court greenlights $110m deal over AMP ‘misconduct’
A court has signed off on a $110 million class action settlement supported by shareholders stung by financial giant AMP charging people fees for no service.
Growth forecasts take shine off bumper pay packets
Worker pay packets recorded the biggest quarterly jump in the history of the official wage price index survey, but annual growth is still trailing inflation.
Social fabric strained amid growing financial pain
Australia's social cohesion is under pressure on multiple fronts, including financial stress and worsening economic inequality.
Atlassian issues AI advice to prevent ‘oops’ moments
Software giant Atlassian will issue guidance to firms considering the use generative AI tools in their businesses to avoid unintended outcomes.
Wall St rallies, data suggests rate hikes may be over
US indices have made their biggest gains since late April amid indications interest rate hikes may be at an end.
China trade ban may be unwrapped in time for Christmas
China could lift punitive trade bans on Australian exports in time for Christmas as the Albanese government works to steady the diplomatic relationship.
Consumers, businesses still wary about the future
Consumer confidence has taken a hit after another round of interest rate pain, with businesses also cautious about the outlook despite economic resilience.