Investor delight as Star casino gets $310m tax break
A decision to delay a tax hike on Sydney's biggest casino to ward off closure has raised questions about NSW's priorities amid a cost-of-living crisis.
economy, business and finance
Inflation fight not over but RBA’s confidence growing
The chances of bringing inflation down without dealing massive damage to the labour market are improving, says the head of the Reserve Bank.
Lingering price pressures plaguing businesses
Cost pressures continue to haunt businesses and are still flowing through to a higher cost of living for households.
Motorists paying more for fuel as oil supplies tighten
Motorists are being urged to shop around to find the best deals with fuel prices rising as oil supply constraints collide with strong demand.
Australia gets wake-up call on materials manufacturing
Australia must ramp up its ability to make the materials and components needed for big renewable energy projects coming down the pipeline, industry heads say.
Consumer confidence in the spotlight this week
A peak inside the minds of consumers, courtesy of two major surveys due this week, will reveal how households are faring as the economic challenges mount.
Economy to limp along as rate hikes sting households
The latest set of forecasts from the Reserve Bank paints a more downbeat picture of Australia's growth through to the end of the year.
WA Labor ‘still considering’ cultural heritage laws
A senior West Australian minister has refused to be drawn on whether the state government will dump its controversial Aboriginal cultural heritage laws.
Insurance costs, claims under microscope after floods
Insurance affordability and the handling of claims after devastating floods in several states in 2022 will be examined in a parliamentary hearing.
Australia’s answer to Silicon Valley are tech clusters
Top tech innovators are scattered through 96 "tech clusters", a report reveals, including four major hubs expected to create the jobs of tomorrow.
Borrowers spared further pain as RBA stays on hold
The Reserve Bank has kept the cash rate on hold for a second month in a move that has some experts speculating the hiking cycle might be over.
Home price rebound loses some of its bounce
A batch of housing data reveals a soaring property market losing some of its momentum, lower housing lending and more weakness in building approvals.
Soft landing tipped for economy as RBA trims inflation
The Reserve Bank says the economy can avoid a recession as inflation falls and unemployment rises, but there are a number of risks.
coal
economy, business and finance
electricity production and distribution
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
Mixed quarter for Origin with Eraring’s future unknown
No decision has been taken by Origin Energy on keeping coal-fired power station Eraring running for longer, but some say it's not needed to keep the lights on.
US to help Australia build guided missiles by 2025
The United States is "racing" to accelerate Australia's access to priority military weapons and will help the local production of guided missiles.
Star workers raise the stakes in fight over casino tax
Workers from Sydney's embattled Star casino have taken their campaign against a NSW government plan to lift taxes in the sector to state parliament.
Sinking retail trade bolsters case for cash rate pause
A sharp drop off in retail sales and weakening inflation could keep the Reserve Bank on the sidelines at the next board meeting.
Minns ‘concerned’ about rise in Metricon complaints
Premier Chris Minns says he is worried about an increase in complaints about major residential builder Metricon and has backed the watchdog to act.
‘Critical moment’ for Australia in ore-some energy race
Demand for iron ore and coal may ebb but critical minerals can provide for future generations, unless labour laws and investor uncertainty mess it up, BHP says.
company information
economy, business and finance
energy
energy and resource
iron and steel
metal and mineral
mining
transport
‘Wall of money’ for Twiggy’s global green hydrogen play
Fortescue Metals Group has pledged to continue to invest in green technologies as key investment decisions loom for billionaire Andrew Forrest and his board.
Complaints peak over financial distress, scams, delays
Unhappy customers have lodged a record number of complaints against financial organisations over monetary stress, scams and insurance delays.
European Central Bank raises key rate to historic high
The European Central Bank bank has raised interest rates by a quarter of a percentage point - its ninth consecutive hike.
Scams on the rise as financial complaints balloon
Nina Merrilees had little reason to suspect she was being scammed when her daughter messaged from overseas, saying her phone was broken and asking for money.
Assange supporters call for release ahead of US talks
Australian ministers have been urged to raise the case of Julian Assange when they meet their US counterparts for annual talks.
Call to combat costs with solar-powered social housing
As homeowners fuel a rooftop solar power surge, states are being urged to improve access for renters, including those in social housing.
Hiking coal tax likely won’t lift power bills, NSW says
NSW is considering lifting the tax it charges on mined coal but has pointed to advice that any increase will have a negligible effect on power prices.
Smaller businesses hit hard by waning economy
Smaller businesses are bearing the brunt of the deteriorating economy, with conditions looking less optimistic for firms with fewer employees.
Rooftop solar surge eases wholesale electricity prices
Rooftop solar is reducing wholesale electricity prices but the market operator warns more transmission is needed to keep the lights on in a post-coal system.
US Fed raises rates to highest level in 22 years
The US central bank has raised interest rates by a quarter of a percentage point, saying inflation in the country remains elevated.
Healthy outlook for global economy but risks linger
Stronger growth and lower inflation suggest the global economy is heading in the right direction, but the International Monetary Fund warns challenges remain.
Israel’s Netanyahu takes hit in polls as crisis deepens
Israel's long-serving right-wing leader Benjamin Netanyahu has taken a hit in the polls as the country's judicial crisis deepens amid mass street protests.