Rio Tinto compo bill ‘nothing like’ $450m
Taxpayers are set to fund a compensation deal for Gladstone Power Station owner Rio Tinto over the coal price cap, but it will be "nothing like" $450 million.
Economy, Business and Finance
Aussies spend record amount at Christmas
Christmas and Boxing Day sales have hit record amounts and growth with Australians rewarding themselves after a tough year.
Aust stocks finish 2022 down 5.45 per cent
The ASX200 index lost 5.45 per cent this year, although Australian investors can perhaps take heart that overseas losses were far worse.
Aussie satellites to plug air traffic gaps
Five Australian made satellites are about to launch in a project designed to close gaps in air traffic management systems and reduce bumpy flights.
Billions spent on unwanted Christmas gifts
It's not easy to choose the right gift, with up to $3 billion worth of Christmas presents likely to be returned to the seller this year.
Qld power plant set for coal cap compo
Taxpayers are set to fund a compensation deal of up to $450 million for Gladstone Power Station owner Rio Tinto over the coal price cap in Queensland.
Fed-NSW deal firms up future renewables
The Albanese government has committed almost $8 billion in a deal to unlock renewable energy zones and connect Snowy hydro-electricity to the east coast grid.
Australia and China agree to further talks
Foreign Minister Penny Wong has met with Chinese counterpart Wang Yi for official talks in Beijing marking 50 years of Sino-Australian diplomatic relations.
Dark clouds forecast for economic growth
A forward-looking indicator has recorded another month of negative growth, casting a shadow over Australia's economic prospects in 2023.
Palmer offloads Qld nickel refinery
Clive Palmer has called on the Queensland government to support a new phase for Yabulu refinery, which he is selling to a carbon-savvy investment syndicate.
Industry outcry at ‘heavy-handed’ gas cap
Australia's oil and gas industry group has labelled Labor's energy relief measures "heavy-handed" after a $1 billion gas project expansion was paused.
Dreamworld to pay $2.1m over woman’s death
Dreamworld owner Ardent Leisure will pay $2.15 million to the husband and two children of Cindy Low, who was killed on the Thunder River Rapids ride in 2016.
Car-donnay: Electric vehicle powers winery
A Barossa Valley winery is being powered by an electric car as part of an Australian-first trial that will open up to other participants within weeks.
WA to pay $2m in premier’s defamation case
Premier Mark McGowan says Western Australia will have to pay $2 million in legal costs over the defamation fight with Clive Palmer.
coal
conservation
economy (general)
economy, business and finance
environmental politics
finance (general)
global change
mining
politics (general)
Palmer seeks coal climate ruling review
Clive Palmer's Waratah Coal wants a review of a Queensland court's advice that its proposed coal mine should be rejected due to climate change impacts.
Telstra, TPG to appeal ACCC knock-back
TPG and Telstra will appeal after the Australian Competition and Consumer Commission declined to approve their proposed $1.8 billion network-sharing deal.
Greens ‘still safe’ after spinach recall
A peak industry body is urging Australians to keep supporting vegetable growers in the wake of a recall of spinach, which it says was from a single farm.
Threat of energy price cap already working
Energy markets are responding pre-emptively to the federal government's price cap, demonstrating it's already having a dampening effect on prices.
ANZ bracing for uplift in household stress
ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.
High Court rebuffs high-fee lenders
The High Court has dismissed an attempt by two Gold Coast companies to appeal a finding that they offered loans at 800 per cent interest without a licence.
Minister blasts gas giant ‘Putin profits’
The federal government has laughed off criticism of its new energy laws as "Soviet-style", saying gas giants just want to keep hold of their record profits.
Aust, US work on dollar value for nature
Australia and the United States have inked a new deal to develop new systems to measure the vast contribution nature makes to the global economy.
Fire Rescue Victoria confirms cyber attack
Cyber criminals have attacked systems of Fire Rescue Victoria but the agency insists public safety has not been compromised.
Bird carcass found in Qld plane’s cockpit
A large bird carcass was found in the cockpit of a crop duster involved in a fatal plane crash at a property near Chinchilla, west of Brisbane.
Coles peels back frozen potato chip sales
Coles has imposed a purchase limit on frozen potato chips due to a national supply shortage.
The chips are down for pubs this summer
The cost of a humble pub meal could be on the way up due to a nationwide potato shortage caused by poor weather and supply chain issues.
Spinach recall reaches all but one state
Coles has joined Woolworths and Riviera Farms in a spinach product recall that has extended across all states and territories except WA.
Local grains feed the world from new plant
Aussie grains could feed the world in new products as consumers and food companies look for safe, affordable and low-emission alternatives to animal proteins.
Government takes aim at high payment fees
The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.
Qld floats fines for poor e-scooter parks
More parking bays, a hotline to report blocked footpaths and the potential for fines is part of a Queensland strategy to tackle scattered e-scooter rentals.
Parliament to green light power savings
The federal government's energy relief measures are set to pass parliament following support from the Greens and crossbenchers.