Aust shares fall for third day amid US debt deadlock
The local bourse has dropped 0.6 per cent to hit a five-day low as debt ceiling talks continue in the US, with no sign of an imminent resolution.
Economy, Business and Finance
PwC referred to police over confidential disclosure
PwC has been referred to police by the Treasury Secretary after it shared confidential government policy to try and drum up business.
PwC staff involved in tax leak cut from public work
Troubled consultancy firm PwC has promised to keep any staff involved with the tax leak scandal away from Commonwealth contracts.
Power bills to surge for thousands under new price cap
Customers on the default electricity market offer will be slugged with price rises of up to 25 per cent because of high wholesale energy costs.
Woolies ice-cream sandwiches recalled over metal risk
Woolworths is recalling its WW Cookies & Cream Classic Ice Cream Sandwiches after metal was found inside.
Australian shares on track for third day of losses
The local bourse was down 0.5 per cent at midday, as debt ceiling talks continue in the United States with no sign of an imminent resolution.
Albanese, Modi seek to score runs on migration, energy
Prime Minister Anthony Albanese and Indian counterpart Narendra Modi have agreed to work together on people-to-people links and clean energy.
Queensland continues to lead in carbon farming reform
A report shows Queensland is leading support for carbon farming industry, while the federal government, WA and NSW made big improvements.
Clampdown on buy now, pay later following abuse claims
The federal government will regulate buy now, pay later services in a bid to protect Australians against financial abuse and hardship.
Government eyes tougher response to PwC scandal
The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.
Ex-CEO behind waste cartel still working for firm
The former CEO of a Sydney waste firm caught fixing prices in a criminal cartel still advises the company's management team as a "consultant".
budgets and budgeting
consumers
economy, business and finance
electricity production and distribution
energy
politics
Power bills to surge despite budget tipping modest rise
The energy regulator has confirmed double-digit power price rises will continue from July 1 despite the May budget's claims of curbing cost of living pressures.
Farming export success linked to sustainability
Australian producers are increasingly being asked to prove their sustainability with export sales dependent on growers being able to back up their claims.
Qantas reports sky-high profit and plans more flights
Australian flag-carrier Qantas will soon be operating more domestic flights that it did before the COVID pandemic, while international capacity is also rising.
Slow build for timber trade take-off with China
The removal of Chinese timber import bans has been widely welcomed but the trade minister warns it will take time for the benefits to flow.
New Outback gives Subaru lovers more reason to explore
An upgraded Subaru Outback has hit the Australian market - with a familiar sound from beneath the bonnet.
economy, business and finance
energy
environmental issue
international (foreign) trade
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
politics
Gas the ‘main game’ as firms join political battle cry
The boss of Santos has backed Opposition Leader Peter Dutton's calls for the gas industry to stand up for itself as a key player in the energy transition.
Rural Australians told to look beyond big four banks
Community banking could be an alternative for rural communities, where the big four banks are increasingly shutting their doors.
Wages rising but not fast enough to worry the RBA
Wage growth over the March quarter is unlikely to trigger further interest rate hikes, with pay packets rising yet failing to keep pace with inflation.
Aussie bank bans petrol cars, urges more to go electric
One Australian bank is making a $2 million pledge to replace its petrol cars with electric models by 2027 in a move experts say could change our roads.
Banks leaving rural Oz despite billion-dollar future
The inquiry into the closure of bank branches across regional Australia is set to hear from major banks, Queensland farmers and councils.
Truck driver bailed after crash that maimed schoolkids
A truck driver has been charged with dangerous driving over a bus crash in Melbourne's west that left several children with traumatic injuries.
Goldminer Newcrest agrees to $29b Newmont takeover
Newcrest Mining has entered into a binding all-scrip takeover agreement with US-based Newmont Corp, concluding months of dealmaking between the gold producers.
Price hike for Aussie farmland with Tasmania a standout
Agricultural land has risen for a ninth year, with Tasmania experiencing the strongest growth in the past 12 months while Queensland had the most land sold.
Tight jobs market expected to drive strong wages growth
The latest wage price index is expected to reveal a further acceleration in pay packets, which could have an impact on interest rate hikes.
Chalmers willing for talks with states on housing fund
Treasurer Jim Chalmers says he is open to negotiating with state and territory government on possible extensions of funding for housing.
Police crack down on Brisbane’s speeding e-scooters
Officers launched a safety blitz on the Story Bridge after fielding complaints about e-scooters and bike travelling at high speed.
Energy savers centre stage in Chalmers budget roadshow
Treasurer Jim Chalmers says low-cost loans for clean energy upgrades are at the heart of his government's cost of living support for middle Australia.
Industry maps ‘net-zero’ future for gas supply, exports
Nine industrial zones to "carpool" emissions and give gas a long-term role in the economy have been mapped by the industry with help from CSIRO scientists.
PM backs China trade row breakthrough as talks stall
Talks between the trade ministers of Australia and China in Beijing are a significant step for both nations, Prime Minister Anthony Albanese says.
No, the budget does not make further interest rate rises more likely
The great budget challenge for Treasurer Jim Chalmers has been to deliver help to Australians struggling with cost-of-living pressures without adding to inflation. So has the government achieved that aim?