‘Walloped’: NSW treasurer blames feds for budget strain
NSW Treasurer Daniel Mookhey has delivered a budget update his opponents have branded the "nightmare before Christmas".
Economy, Business and Finance
Palmer’s nephew ‘waives’ rights due to Bulgaria exile
A judge has found Clive Palmer's nephew has given up his right to attend his own trial for contempt of court through his decision to move overseas.
energy (general)
energy and resource
environmental issue
metal and mineral
mining
renewable energy
road transport
transport
Mining firm digs Australia’s first electric excavator
An Australian mine has deployed the nation's first electric-powered excavator, created as part of a plan to decarbonise mining operations.
Westpac borrowers ‘coping well’ with rates, inflation
The chairman and CEO of Westpac have told shareholders that the percentage of borrowers experiencing stress remains low.
Missy Higgins tickets hot as concerts roar back to life
Missy Higgins concerts have sold out within minutes and new shows have been added to the singer's anniversary tour as live shows make a post-pandemic comeback.
More tax in government coffers hailed by treasurer
The mid-year fiscal update contained no extra cost of living relief, although the federal treasurer has not ruled out more help in his next budget.
Promising jobs data fuels hopes of soft landing
Despite a higher-than-expected 61,000 jobs being added to the economy in November, the jobless rate lifted to 3.9 per cent.
Transport Minister steps aside for frontbench new blood
Queensland's Transport Minister Mark Bailey has announced he will step aside for new blood before incoming premier Steven Miles' cabinet reshuffle.
Mitsubishi cleared of breaking law in gas-guzzling case
A four-year court battle over new car fuel consumption labels has been resolved in the High Court, with Mitsubishi emerging as the winner.
$11 million government investment into Sundrive Solar Cells
The Federal government granted an $11 million investment to solar technology company SunDrive, creating over 500 jobs in the process.
Cost of living relief lightens Queensland budget update
Queensland Treasurer Cameron Dick has spruiked further cost-of-living measures on the back off a balanced budget sheet in his mid-year budget update.
Population pressure on Qld health system
Growing demand for hospital presentations and ambulances services has affected health services and emergency departments in Queensland.
RBA boss hopeful for better year following hard 2023
Higher interest rates and cost of living pressures are hurting households and businesses, with the central bank governor acknowledging it's been a hard year.
Savings found to cover billions in new federal spending
The federal government's mid-year review will show it has found budget savings to pay for new spending, such as the response to the robodebt royal commission.
energy (general)
environmental issue
environmental pollution
renewable energy
road transport
transport
Electric buses to drive tourism in Far North Queensland
Remote areas of Queensland will get 12 new low-emission buses in a project designed to inspire more tourism operations to go electric.
Government debt now fastest-growing spending pressure
The federal government's debt bill is set to balloon as higher interest rates push up the cost of borrowing.
Chemist Warehouse to land on ASX via merger with Sigma
Privately held Chemist Warehouse has agreed to merge with Sigma Healthcare in a deal that will create a retailer worth around $9 billion.
Australia passes parcel record with Black Friday boost
A record 53.5 million parcels were processed in November following the Black Friday Sales, with more than half of households nabbing a bargain online.
Tax hikes for foreigners investing in Australian homes
Australia will hike taxes and fees for foreign investors who buy existing houses and leave them empty in a bid to address housing stocks.
Australia should delay AI laws, productivity boss warns
A business summit has heard Australia should not introduce laws around the use of artificial intelligence or it could risk being left behind other countries.
International factors driving petrol price pain
Higher international fuel prices driven by oil production cuts and strong demand, combined with a lower US dollar exchange rate, are pushing up petrol prices.
John Setka’s ex threatened to kill him, court finds
Emma Walters has been spared a conviction after a magistrate found she threatened to kill her estranged husband, union boss John Setka.
Seven West boss James Warburton stepping down
Broadcaster Seven Network will have a new boss when James Warburton steps down at the end of the financial year after an eventful period for the company.
Rental fix hinges on more homes, namely social housing
A parliamentary inquiry has called for continued funding for social housing in a comprehensive report on Australia's rental crisis.
ASX skyrockets as economy shows sign of weakness
The ASX200 made its biggest daily gain in more than a year as lower-than-expected GDP growth signals the RBA's rate rises are having their intended effect.
alternative energy
consumers
energy
energy (general)
energy saving
environmental issue
renewable energy
Households could halve electricity bills with upgrades
Australian households could save more than $2000 a year on energy bills by upgrading older homes, a report says, but some may need subsidies.
In the bag: Aussies beat the Christmas post rush
Australians have been ordering millions of packages in the lead up to Christmas, with the festive season traditionally the busiest period for postal services.
Posties put parcels first as letter deliveries cut
Letters will only be delivered every second day with Australia Post revamping its workflow to focus on parcels as Aussies turn to online shopping.
alternative energy
energy
energy (general)
energy and resource
energy resources
environmental issue
renewable energy
Community groups power the switch to renewable energy
Local energy projects are powering up in Australia, with a report showing they have generated enough electricity to power 2800 homes for a year.
Economy weakens as rising costs take toll on households
The Australian economy almost came to standstill last quarter, with clear signs of financial pain in the household sector.
Australian shares drop despite RBA rate reprieve
The ASX200 closed down 0.9 per cent despite the Reserve Bank's decision to keep interest rates on hold at its final meeting of 2023.