Miners, energy slammed as ASX drops 1.6pct
The Australian share market has endured another major sell-off, with the energy and mining sectors suffering steep losses.
Economy, Business and Finance
Miners, energy hit as ASX drops 1.6pct
The Australian share market has endured another major sell-off, with the energy and mining sectors suffering steep losses.
AFP launch investigation into Optus breach
An Australian Federal Police investigation has been launched to find those responsible for the Optus data breach and stop identity fraud of customers.
Qld announces $766m wind farm project
A Queensland wind farm, billed as Australia's largest publicly owned project, will feature up to 150 turbines and potentially power 230,000 homes.
Put up budget policy or sit down: Labor
Jane Hume has called on the government to focus on cost of living measures leading to Labor accusing the opposition of not offering anything constructive.
Optus customer data hit in cyber attack
Phone and internet provider Optus has been hit by a major cyber attack, prompting concerns customer data has been compromised.
Optus hack breaches trove of customer data
Optus has contacted customers whose personal details may have been stolen by hackers a day after alerting media to a cyber attack of unknown origin.
Public holiday havoc hits Sydney Airport
Dozens of flights have been cancelled at Sydney Airport as many gear up for AFL Grand Final weekend, with high winds and heavy rainfall hitting the east coast.
Laws questioned after Optus cyber attack
The federal opposition says a major cyber attack which may have placed customer's private information at risk is a dramatic wake-up call for the government.
Public holiday havoc hits major airports
Dozens of flights have been cancelled at Sydney Airport as many gear up for AFL Grand Final weekend, with high winds and heavy rainfall hitting the east coast.
Queensland Government approves hydrogen corridor
Queensland has inked an agreement with three of Korea's largest conglomerate groups to build a green energy export corridor in the state's north.
ASX sinks 1.6pct to reach nine-week low
Nearly every sector of the local share market has lost ground as the ASX dropped another 1.56 per cent to its lowest level since July 19.
RBA dividend not expected for years
The central bank has defended its $281 billion bond-buying program but says it has had serious consequences for its balance sheet.
Bankwest to close east coast branches
About 120 staff members are expected to be affected when Bankwest closes its remaining non-West Australian branches by the end of October.
AMP fined $14.5 million over super fees
Five AMP companies have been fined $14.5 million after the organisation was found to have charged members fees for services they were not receiving.
Mining technology start-ups to share $21m
Australia's green bank is investing $21 million into clean mining technology so the key resources sector doesn't miss out on the benefits of cutting emissions.
Region can ward off ‘climate carnage’
Leaders from across the Asia-Pacific region have gathered in Brisbane to work out how to limit the death and destruction future natural diasters will deliver.
Fuel relief to end amid price spike fears
Treasurer Jim Chalmers has confirmed a temporary fuel excise cut will end next week but he doesn't expect prices to spike.
Treasurer flags a major spending rethink
Government finances are in better shape than expected, but the treasurer is not banking on high commodity prices as the long-term solution to budgetary woes.
Tech takes guesswork out of mud crab meat
A new device aims to accurately determine how much meat is in a mud crab, and there is potential to expand the technology to other seafood.
Credit card debt the lowest priority
Australians facing financial hardship will pay their phone bill before any other form of debt, with people most likely to default on maxed out credit cards.
Aussies who accessed early super stayed on benefits longer, researchers find
The maximum $10,000 represented approximately 13 weeks of (effectively doubled) unemployment benefit, and eight weeks of the minimum wage.
Queensland-Japan hydrogen and new energy economy commitment
QUT has continued its investment in clean and green energy in Queensland by renewing its International Cooperation Agreement with the University of Tokyo (UTokyo) to develop joint venture projects and facilitate joint academic and scientific activities.
We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense
Australia spends billions each year giving subsidies to the fossil fuel industry, despite our climate change commitments. The Australia Institute estimates that in the 2021-22 budget period, Australian federal and state governments’ total fossil fuel subsidies cost A$11.6 billion. That’s up $1.3 billion on the previous year.
Fossil fuel subsidies make “no economic sense”
Australian federal and state governments’ total fossil fuel subsidies cost $11.6 billion - up $1.3 billion on the previous year.
The fraying kangaroo: Why the national carrier’s descent will continue
Interest rates set to rise for fifth straight month
The Reserve Bank of Australia board is expected to lift the official cash rates for the fifth month in a row when it meets on Tuesday.
Pensions bumped up as living costs rise
An indexation increase on September 20 will be the largest rise for welfare payments in more than 30 years and the biggest for pensions in 12 years, Social Services Minister Amanda Rishworth says.
Queensland to miss out on 90% of new coal mine royalties
Queensland might be entitled to less than seven per cent of royalties generated by a major thermal coal mine that is one step away from approval.
Wall St closes lower on rate hike worries
US stocks have closed lower for a third straight session as a rise in job openings fuelled fears the US Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation.
ASX falls 2.0pct in worst drop in 8 weeks
The local share market has suffered its worst loss since early June following hawkish comments by America's top central banker.