Jobs market ‘softens around the edges’ after rate rises
The unemployment rate has fallen to 3.6 per cent from 3.7 per cent, according to official data, after a modest 7000 jobs were added to the economy.
economy, business and finance
High Court’s EV ruling may pull the plug on other taxes
A High Court decision to rule Victoria's electric vehicle tax constitutionally invalid could leave similar levies vulnerable to legal challenge.
Hancock lawyers attack rivals in high-stakes trial
Gina Rinehart's lawyers have attacked two rival mining dynasties' billion-dollar claims for iron ore riches in closing arguments at a high-stakes legal battle.
Big backyards could hold key to solve housing crisis
The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.
Town, 1200 workers reeling with major mine set to close
About 1200 workers are in limbo and a Queensland town is reeling after Glencore announced one of the world's biggest copper mines would close in 2025.
‘Shock, after shock’ poses inflation risk: RBA boss
The global economic shocks just keep coming and Reserve Bank of Australia Governor Michele Bullock is concerned about the impact on the outlook for inflation.
‘Low tolerance’ for slower return to target: RBA
Australia could be galloping towards a Melbourne Cup interest rate rise if progress on inflation proves too slow and the labour market too resilient.
‘Totally unacceptable’: PwC boss sorry for tax scandal
The new head of PwC Australia has apologised at a Senate hearing for the firm's role in passing on confidential Treasury information to private sector clients.
Better protection for Australians’ online crypto assets
Treasurer Jim Chalmers has unveiled a proposal for legislation to better protect Australians using digital currencies.
Crypto regulation proposal a ‘critical milestone’
Australian cryptocurrency exchanges are mostly welcoming a proposal to subject them to the same licensing rules as traditional financial institutions.
Big cities have room for 655,000 extra granny flats
The humble granny flat could help deliver much-needed housing supply as shortages continue to push rents skyward.
Business pressures ease in promising sign for inflation
The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.
Funding for more Queensland social housing amid crisis
The Queensland government will build another 600 social homes across the state thanks to a federal funding injection of almost $400 million.
Borrowers cutting back with more pain to come: RBA
Mortgage payments are at a record share of household disposable income, says a senior Reserve Bank official, and are expected to rise even further.
economy, business and finance
education
electricity production and distribution
employment
energy
heavy construction
manufacturing and engineering
politics
Tradies, skilled workers needed for clean energy shift
Tradies and uni graduates with clean energy skills and sustainability credentials are in demand but Australia needs tens of thousands more to hit climate goals.
Food delivery firm let poorly trained riders on streets
A food delivery service operating in four cities has been fined for not properly training hundreds of riders, leading to a warning for other app-based firms.
Resilience of Australian businesses under a microscope
A health check on the business sector and consumers will reveal how well the economy is holding up as price pressures persist and interest rates remain high.
Consumers feeling better about personal finances
Consumers have shaken off some of their negativity as the strong jobs market and wage gains take some of the sting out of inflation and interest rate hikes.
Three-quarters of Aussie coal-mining jobs to go by 2050
Coal communities will need a transition plan that extends beyond the pit, with Queensland tagged as one of the hardest hit regions as the world's mines close.
Australian firms report easing cost pressures
The uptick in cost and price pressures plaguing businesses looks to have been temporary in a promising sign for the inflation outlook.
Santos in the dock over ‘clean gas’, net-zero by offset
Australia's biggest gas supplier Santos faces many months of costly wrangling with shareholder activists in the federal court over allegations of greenwashing.
Farm incomes to tumble as drier conditions take hold
Farm incomes are expected to fall this financial year due to drier conditions and lower prices, the federal government's agricultural forecaster says.
Renters hit affordability limit as pace of growth eases
Australian renters are getting closer to the maximum they can afford, with as many as 70,000 rentals needed to bring the market into a healthier balance.
Companies surprisingly busy despite slowing economy
The Australian services sector continues to bring in a lot of new business even as interest rates remain high and consumers start to pull back.
New bank chief holds rates but a rise is still in play
Borrowers have been spared further mortgage pain but one more interest rate hike or a longer stretch on hold may be needed to wrangle inflation under control.
Carbon ‘bottom line’: Don’t trade integrity for offsets
Carbon offsets should be used as a last resort and limited to Australia's heaviest polluters, conservationists warn the federal government.
Housing recovery entrenched but pace of growth eases
Home values continue to rise but growth has slowed amid more advertisements for stock and the toll of higher interest rates and cost of living pressures.
House prices smash records, fully reversing 2022 lows
Australia's housing market has fully rebounded from recent lows as several major cities achieve new price peaks due to buyer and seller confidence.
Price gouging child care could be named and shamed
Childcare centres charging parents exorbitant fees could be named and shamed under reforms proposed by the consumer watchdog.
US Congress passes stopgap bill to avert shutdown
The threat of a US government shutdown has been averted after Congress approved a temporary funding plan - but it came at the expense of aid for Ukraine.
Engineers, scientists to squeeze more out of oil, gas
A long-time engineering and construction contractor to oil and gas giants says it has a chance to play both sides of the energy and resources transition.