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.
economy, business and finance
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.
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.
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.
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.
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.
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.
air transport
breaking_news
consumer confidence
economy, business and finance
justice and rights
politics
travel and commuting
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.
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.
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.
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.
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.
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.
business enterprises
company information
economy, business and finance
environmental issue
gold and precious material
indigenous people
mining
natural resources
politics
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.
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.
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.
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.
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.
company information
economy, business and finance
energy
energy and resource
indigenous people
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
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.
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.
economy, business and finance
electricity production and distribution
energy
energy and resource
heavy construction
heavy engineering
metal and mineral
mining
natural gas
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.
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.
company information
construction and property
economy, business and finance
electricity production and distribution
energy
environmental issue
iron and steel
metal and mineral
mining
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.
company information
diesel fuel
economy, business and finance
energy
oil and gas - downstream activities
petrol
retail
transport
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.
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.
Cost question remains after Qld deal with Rio Tinto
The Queensland government has struck a deal with mining giant Rio Tinto to keep a major aluminium smelter open but the question of cost remains.
banking
construction and property
consumers
economy, business and finance
housing and urban planning
interest rate
money and monetary policy
politics
real estate
unions
Building costs in the frame for ongoing housing crisis
The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.
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.
company information
dividend announcement
earnings
economy, business and finance
finance (general)
telecommunication service
Telstra open to Foxtel Group sale, profit drops 12.8%
Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.
coal
company information
consumers
dividend announcement
earnings
economy, business and finance
electricity production and distribution
energy
natural gas
oil and gas - downstream activities
oil and gas - upstream activities
politics
Origin Energy eyes gas imports, longer life for Eraring
Electricity and gas giant Origin Energy warns Australia will need to import gas to meet domestic demand and taxpayers may have to pay to burn coal for longer.
‘Confusing’ jobless rise likely to stay RBA’s hand
The jobless rate edged up slightly to 4.2 per cent in July, official figures show, but record participation will keep the Reserve Bank wary of cutting rates.