Australian shares drop again, dollar takes a tumble
The Australian share market closed down 0.7 per cent to a five-week low, while the local currency had dropped under 64 US cents on a weak jobs report.
Economy, Business and Finance
Rinehart’s row with son: ‘throw him under the bus’
Australia's richest person Gina Rinehart has been accused of making threats, intimidation and lying during a bitter family dispute over Lang Hancock's legacy.
Call for more electric utes, chargers in regional towns
Australia needs policy changes, more vehicle chargers and a bigger focus on regional areas to catch up to progress in low-emissions transport.
Magellan names new chairman amid big drop in profit
Andrew Formica will take over as Magellan chairman from Hamish McLennan as the fund manager announced its full-year profit dropped 57 per cent to $174 million.
construction and property
economy, business and finance
environmental issue
global warming
insurance
politics
real estate
Home insurance out of reach as climate disasters surge
The biggest rise in premiums in 20 years has raised concerns households may forego insurance and be even harder hit when the next disaster strikes.
Gina Rinehart defrauded her children, lawyer alleges
Billionaire Gina Rinehart committed fraud with iron ore mining tenements now worth billions of dollars, a lawyer for her two eldest children has told a court.
JB Hi-Fi full-year profit dials down to $524m
Electronics retailer JB Hi-Fi says sales were up 4.3 per cent to $9.63 billion for the 12 months to June 30, but costs rose even more.
Consumer sentiment softens as businesses seek lifeline
As business conditions and consumer sentiment soften across the country, operators are looking to credit cards to manage their finances, but there are pitfalls.
Data reveals Australia’s surprise electric car hotspots
Beachside suburbs and the nation's capital are among the top locations for electric vehicles, according to analysis released by a peak motoring group.
Rinehart backs plan for wealth to return to regions
Mining magnate Gina Rinehart says economic gains from regional communities should be returned to the area from which they were generated.
coal
economy, business and finance
electricity production and distribution
energy
energy and resource
environmental issue
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
politics
Tool exposes ‘risky’ assumptions behind climate pledges
Some companies are too reliant on "risky" carbon capture and storage assumptions when claiming they are meeting global climate targets, data shows.
‘That is progress’: optimism as wages climb again
Workers feeling the pinch amid inflationary pressures may finally be experiencing some relief, with wage growth catching up to a key cost of living measure.
Plane bomb threat accused ‘not in right state of mind’
A man whose alleged bomb threats grounded an international flight from Sydney will spend another night in custody after he refused to appear in court.
University launches flying car course, no pilots needed
Self-flying cars are the subject of a new university course, with software engineers encouraged to retrain to join the futuristic transport industry.
Trade minister optimistic of China wine breakthrough
Don Farrell says China lifting barley tariffs sets a good precedent for the possible lifting of other tariffs on Australian goods such as wine.
Consultancy giants load up on $3.7b Defence contracts
Australia's biggest four consultancy firms raked in billions of dollars from Defence contracts, new analysis shows, sparking calls for greater transparency.
Up to 250,000 workers could get electric car discount
A change to small business software could help thousands more Australian workers access tax cuts on electric vehicles.
CBA posts record profit as mortgage borrowers cling on
As rising interest rates boost Commonwealth Bank profits, consumers appear relatively resilient with mortgage arrears remaining low.
Suncorp Group posts bumper jump in full-year profit
Suncorp Group says it still hopes to sell its banking division to ANZ but regulatory delays will cost it between $75 million and $100 million.
Procurement system a consultants’ ‘protection racket’
A parliamentary committee has savaged the procurement process for government contracts, saying it is an uncompetitive rort.
Funeral home owner agrees to $1.8b revised takeover bid
An ASX200 company that operates nearly 300 funeral homes in three countries has agreed to be taken over by a US-based private equity firm.
Competition heavyweight to head up price-gouging probe
Unions have set up an inquiry led by a former consumer watchdog chair to find out if price gouging is common and what can be done about it.
‘Perfect storm’: insolvency surge threatens businesses
The Australian Taxation Office and other creditors pose the biggest threat to cash-strapped businesses facing an insolvency "surge", an organisation says.
Coles rolls out Sparky, the electric delivery truck
Supermarket giant Coles has announced the arrival of its first electric delivery truck but stopped short of meeting a pledge by rival Woolworths.
Aussie winemakers are hoping to raise a glass to China
Australian grape and wine producers are optimistic that hefty tariffs will be scrapped on wine exported to China, after imposts on barley were removed.
AGL Energy posts $1.26 billion loss after writedowns
AGL Energy suffered a $1.26 billion loss after writing down the value of its coal-fired power plants and its energy derivatives contracts.
Rinehart’s rift with dad over his lover heard at trial
Gina Rinehart's lawyers have argued Lang Hancock's corporate breaches before he died extinguish a competing mining dynasty's claim for a stake in her riches.
Spending worries leave interest rate hikes on the table
The task of returning inflation to target is going according to plan, but the head of the Reserve Bank says it could still be thrown off course.
Shop around if bank profits worry you: RBA boss
The head of the Reserve Bank has encouraged customers to make banks work harder for their money by shopping around.
Peaking cash rate likely pushing up home price: RBA
The perception that interest rates are at or close to their peak is likely spurring more home buyers to enter the market, helping to push up property prices.
Investor delight as Star casino gets $310m tax break
A decision to delay a tax hike on Sydney's biggest casino to ward off closure has raised questions about NSW's priorities amid a cost-of-living crisis.