Resources bellwether warns of clean energy constraints
Contracting group Monadelphous, a bellwether for energy and mining activity, says labour shortages continue and warns of barriers to decarbonisation.
economy, business and finance
Vicinity seals largest Aussie retail deal for 2024
Retail property group Vicinity Centres has acquired a 50 per cent stake in one of the biggest shopping centres on the west coast.
Santos drilling for gas demand well into the future
Oil giant Santos is juggling capital-intensive projects, including the hotly contested Narrabri field in NSW, as rising costs and lower LNG prices hit profits.
Body of tech entrepreneur retrieved from sunken yacht
The body of technology tycoon Mike Lynch has been recovered after a luxury yacht that sank off the coast of Sicily, while his daughter remains missing.
Gen X, older millennials ride housing boom to the bank
Older millennials and generation X are among the biggest winners from Australia's real estate boom as profits from sales hit their highest level in 10 years.
Super on parental leave to reduce ‘motherhood penalty’
Parents will get an extra $3000 in their super balance while on government-funded paid parental leave under laws introduced to federal parliament.
Older and youngest workers vulnerable if hiring stalls
A weaker labour market is felt unevenly by different industries and demographics, with older workers and those new to the workforce most at risk.
Blocked goldminer ‘shattered’ by rising sovereign risk
Regis Resources will fight a federal block on a $1 billion gold project it says has cost almost 1000 jobs and sours Australia's reputation as a place to invest.
Japan’s steel giants dig deep for Australian coal
Production at one of Australia's biggest coal mines could be extended beyond 50 years under joint venture deals, with the buyers warned to brace for backlash.
Shares buoyed, $US battered as Fed readies rate cut
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 per cent higher on Thursday.
Economic lifeline for energy workers as plants close
Workers at coal and gas-fired power plants that are set for closure will be offered a raft of support including paid retraining and redeployment under new laws.
CFMEU administrator vows ‘zero tolerance’ on corruption
The CFMEU will undertake "vital" advocacy for its members and have zero tolerance for corruption, the troubled union's newly-appointed administrator says.
Right to disconnect dials in on wellbeing amid discord
Australians now have a right to disconnect from work after hours but business groups harbour concerns about the new protocols.
Frustrated flyers face long wait for fairer aviation
Passengers could be reimbursed for cancelled or delayed flights under a charter of rights for airline travellers, but the measures are some way in the distance.
Insurance hikes are leaving struggle street unprotected
Natural disasters exacerbated by climate change are resulting in higher home insurance costs with about 1.6 million households now under home insurance stress.
Green hydrogen developer pumped as partners ink deal
A development partnership for green hydrogen production at the Port of Brisbane could be a blueprint for refuelling facilities in the eastern states.
Aussie lithium leader digs in as price slump deepens
The world's largest hard-rock lithium producer outside China is preparing to ride out the latest price slump and remains positive about long-term prospects.
Amazon, Bunnings to face new questions over customers
Executives from major household brands will front an inquiry into competition practices as the nation's leaders aim to make products cheaper for Australians.
Tax breaks fuelling widening wealth gap: report
Anglicare Australia's latest report shows tax breaks on superannuation and housing investments are widening the wealth gap.
BHP’s climate transition ‘more than window dressing’
Resources giant BHP has defended the carbon footprint of its mining operations even as demand for traditional commodities and future-facing products expands.
PM lays down budget challenge on coalition cuts
After reports the coalition has identified up to $100 billion in budget savings, Anthony Albanese has urged Peter Dutton to explain where they would be made.
Inflation steps down but ladder still steep for RBA
A mixed set of inflation numbers are unlikely to move the needle for the Reserve Bank as it weighs interest rates and persistent price pressures.
It’s bad news for Nine as profits plunge amid cost cuts
The fractured advertising market continues to hit media revenues with Nine Entertainment full-year profits falling almost a third to $134.9 million.
Woolies registers big profit discount, says prices down
Sales are up at Woolworths but writedowns on its New Zealand stores and drinks business have a taken a huge slice out of its $1.7 billion operating profit.
Fortescue ‘doubling down’ on green iron despite leaks
Mining giant Fortescue pledges to create a green metals industry grounded in Australian ore and renewable energy, after pulling back on championing hydrogen.
Gas pipes supply solid cash flow in energy transition
Gas pipeline operator APA has posted a stronger full-year profit amid an expansion and urges more domestic gas production to support an end to coal-fired power.
Meeting minutes to show RBA dancing to its own beat
Markets will turn their attention to the Reserve Bank's latest board meeting minutes but they might be better off looking further afield for new insights.
Servo chain Ampol slashes dividend, fuel volumes fall
Energy company Ampol has slashed its interim dividend on lower fuel volumes, tanking its share price, but signalled a return to normal at its refinery.
BlueScope backs Port Kembla steelworkers amid downturn
A major steelmaker warns of tough conditions as it braces for rising electricity, gas and labour costs amid a stubbornly soft home building market.
Rate-cut hopes hit brick wall as RBA cements stance
Borrowers are being warned to not bank on any short-term relief on their mortgages as the RBA talks down hopes of an interest rate cut in 2024.
Mixed jobs data gives RBA more food for thought
Record jobs participation will keep the Reserve Bank wary of cutting rates, despite unemployment rising in July to the highest level since November 2021.