Tesla loses global electric vehicle crown to BYD
Chinese company BYD has become the world's bestselling electric vehicle maker, taking over from US rival Tesla.
economy, business and finance
Boxing Day sales take off with bargain airfares
Shoppers are being urged to scrutinise Boxing Day bargain claims, while two major airlines have announced discounted fare sales.
Australia makes list of 2025’s costliest climate events
From catastrophic wildfires in Los Angeles to devastating floods in Asia, it's been a tough year of climate extremes and their economic burdens.
New year brings cheaper medicines, higher energy bills
A cut to the Pharmaceutical Benefits Scheme co-payment will slash the cost of medicines but Australians face higher power bills in the new year.
Bold company tax proposal still friendless after revamp
An alternative corporate tax proposal could have greater economic benefits if a requirement to be budget-neutral was removed, the Productivity Commission says.
‘Unconscionable’: major bank’s record fine bumped up
ANZ has been fined $250 million for widespread misconduct and systemic failures that impacted the federal government, taxpayers and thousands of customers.
Australians fleeing south to escape climate extremes
Australians are already on the move due to climate change, with one state the number one choice for those seeking relief from heat, floods and fires.
Gas reservation promises ‘downward pressure’ on prices
Australia will divert more of its gas for local use rather than export under a long-awaited reservation policy designed to ward off shortfalls.
Mega media group merger clears shareholder hurdle
Seven West Media shareholders have overwhelmingly agreed to the TV network's merger with Southern Cross Media, with the union set to be complete in weeks.
‘Horse has bolted’ on cheap gas, even with reservation
Businesses and households want cheaper gas but it remains unclear how effective a plan to reserve more supply for domestic use will be at lowering prices.
‘Horse has bolted’ on cheap gas, even with reservation
Businesses and households want cheaper gas but it remains unclear how effective a plan to reserve more supply for domestic use will be at lowering prices.
Woodside boss quits to become BP’s first female chief
The leader of Australia's biggest oil and gas company has resigned to become the first woman to lead oil giant BP in the company's 116-year history.
U-turn: Ford takes $US19.5b hit, retreats from EVs
Ford is backing away from plans to manufacture large electric vehicles, citing lacklustre demand.
Business chief urges action on racism, anti-Semitism
The outgoing chair of one of the world's biggest commercial explosives makers has pointed to the Bondi massacre as an example of the need to "contain" racism.
Plea for spending cuts as banks tip interest rate hikes
Half of Australia's big four banks are tipping the Reserve Bank to hike interest rates at its next meeting as inflation is pushed outside the target zone.
Chalmers spins battery blowout into budget savings
Clever accounting has been used by the treasurer to claim the government's policy decisions improved the budget bottom line for the first time in eight years.
Penfolds owner’s earnings sour on China ‘grey’ wine woe
Shares in Penfolds owner Treasury Wine Estates plunged after it pointed to a fall in earnings due to problems in China and the US.
Dishing the public dosh to force RBA’s hand on rates
With the government unlikely to restrain public spending, the Reserve Bank will have to lift rates in 2026 to keep inflation under control, economists say.
Oscars to move to free streaming on YouTube in 2029
The Academy of Motion Picture Arts and Sciences has announced the Oscars will quit its links with a US broadcaster and move to YouTube in 2029.
Smelter’s future secured but cost to taxpayers unclear
Australia's largest aluminium smelter has been handed a government lifeline to ensure it keeps running beyond 2028 amid spiralling energy costs.
Mine site emissions new battlefield in coal climate war
Coalminers and environmentalists are clashing over a climate report on the sector finding net-zero emissions targets are unlikely to be hit at the current pace.
‘Not ready’: investors chop down deforestation action
National Australia Bank shareholders have rejected resolutions related to deforestation, but its chairman says he has concerns about the practice.
Price gouging ban will drive up costs: supermarkets
Lower grocery bills are being promised with a price gouging ban but supermarket giants and retailers say shoppers will be the ones to bear the brunt of costs.
Budget update to reveal Australia’s fiscal fortunes
The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.
Savings found in budget update as blowouts add up
Treasurer Jim Chalmers has revealed billions of dollars in savings as other projects in the budget blow out amid "grave" concerns over its bottom line.
Budget blowout ‘modest’ for Australia’s Olympic hosts
The mid-year budget report card has revealed a "modest" budget blowout as one state continues counting down to the 2032 Olympic Games.
Aussies skipping dental, medical care to afford rent
The housing crisis is changing the way Australians live with many revealing "heartbreaking" stories of struggle as they skip on the basics to make ends meet.
February is live: RBA warns of impending rate hike
The average mortgage-holder's repayments could soon jump an extra $90 a month, with another Reserve Bank interest rate hike on the cards as early as February.
Cheapest path to energy and climate goals locked in
Solar and wind firmed by storage and backed by gas remains the cheapest pathway to meet Australia's growing demand for electricity while reaching climate goals
Nvidia chip sales to China sparks US security concerns
Critics fear Donald Trump's decision to upend US policy by allowing Nvidia to sell its advanced AI chips to China will boost Beijing's military capabilities.
Mixed employment report won’t make RBA’s job any easier
Unemployment and jobs growth figures for November tell differing stories about the strength of the labour market, providing little clarity for the Reserve Bank.