Inflation-beating pay rises can’t be widespread: RBA
RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.
Economy, Business and Finance
One Australian state junks $3000 electric car discount
Victoria is scrapping its electric vehicle subsidy almost one year earlier than planned in a move experts say could impact efforts to cut transport pollution.
Renewables relief deal to help curb power price surges
The promise of cheaper energy bills in the future could be too late for many Australian households concerned about powering their homes this winter.
Australia willing to walk away from EU deal: minister
Australia was prepared to pull the pin on trade talks with the European Union if negotiations broke down further on the naming of cheeses and wine.
Qantas and Jetstar to take off from Western Sydney
Domestic flights will be operating from Sydney's new international airport in late 2026, with Qantas and Jetstar the first airlines to sign up.
Race to renewables as households face power bill hikes
Plans are under way to cut emissions and reduce prices but some energy company heads say a lack of renewable supply and investment threatens to increase costs.
New blow for home owners as interest rates rise again
The battle against inflation is not over yet as the Reserve Bank board hikes again and takes the cash rate to its highest level since April 2012.
Off-grid hydrogen box could replace diesel generators
A shipping container-sized energy system has been developed by hydrogen startup Endua for remote sites, potentially eliminating millions of diesel generators.
Gill net fishing to be banned on Great Barrier Reef
The Great Barrier Reef will be gill net-free by mid-2027 under a $160 million licence buyout plan unveiled by the federal and Queensland governments.
Treasurer maintains growth view despite fresh rate hike
A recession is still unlikely, the treasurer asserts despite fears the Reserve Bank's aggressive interest rate hikes could tip the economy over the edge.
High-speed rail appointments to put major plan on track
Board appointments for the new high-speed rail authority have been announced and will oversee the proposed fast train network on the east coast.
One in two drivers revving up for an electric vehicle
Many Australian motorists are considering an electric vehicle, according to new research which also shows few think they will own a petrol car by 2040.
NSW workers offered 4pc pay rise as inflation stings
Essential workers in NSW have been offered a 4.5 per cent wage increase including super - the largest boost in 12 years.
Call for ‘no deforestation’ conditions on bank loans
To mark World Environment Day, Australian conservationists are calling for banks to stop funding the clearing of wildlife habitats by agriculture businesses.
How graves could be reused in quest for a greener death
Australia is grappling with a "burial space crisis" and should be doing more to make death more sustainable and environmentally friendly, experts say.
Transport costs pile up for families with record rises
The price of getting around is soaring in Australia and a new report reveals households in some cities are paying more than $500 a week for transport.
Boat breakdown helps cops bust 800kg cocaine shipment
The discovery of a huge haul of cocaine on a vessel off the West Australian coast appears to be an example of how cartels have changed their distribution plans.
Roberts-Smith resigns from GM role at Seven Network
The Australian War Memorial Council is considering the future of public displays featuring Ben Roberts-Smith's equipment, as he resigns from the Seven Network.
Businesses still planning to spend in coming months
Fresh data from the national statistics bureau shows businesses are still spending and plan to keep investment levels up in 2023/24.
Sweet deal for exporters, consumers as UK deal starts
The free-trade agreement between Australia and the UK has come into force, creating opportunities for exporters and making some British goods cheaper.
Reams of PwC tax leak documents probed for key names
Material relating to the PwC tax advice scandal could be counted in the thousands of documents, senators have been told.
Growers nervous over drier conditions for winter crops
A report is predicting drier conditions will take a toll on this year's winter crop production, with grain growers nervous about the year ahead.
Sell-off leaves Australian shares at two-month low
The local share market has suffered its worst day of losses in 12 weeks, falling 1.6 per cent to close at its lowest level in two months.
Tesla leads and Toyota lags in electric car transition
Tesla and BYD are leading the race to electric transport, according to an international report, while traditional automakers Toyota, Mazda and Suzuki languish.
Push for Indigenous inclusion in new energy economy
Indigenous jobs will be part of the energy transformation in Central Queensland's industrial heartland as delegates meet in Gladstone to share ideas.
Report pushes case for higher Sydney housing density
The NSW productivity commission's latest report suggests building higher and more densely in Sydney's inner suburbs, including along public transport lines.
Dairy farmers happy to milk profits but hurdles remain
High farmgate prices are driving positivity in the dairy industry but not all farmers share the optimism.
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Battery industry investors wary as plug pulled on grant
A hub for Australian-made materials for the world's electric car batteries is in doubt after the federal government pulled the plug on a $120 million grant.
After McGowan exit, Palaszczuk insists she has energy
A day after WA Premier Mark McGowan cited exhaustion for his departure, Queensland's Annastacia Palaszczuk says she still has the energy to keep going.
Rents to income levels shoot up to near decade highs
Rental demand is fast outrunning supply and low-income households are bearing the brunt of the rental affordability crisis, analysis shows.
Australian shares rally on US deal to avoid default
The local share market has had its best day since April 11, climbing 0.9 per cent on a possible resolution to the US debt ceiling drama.