Russia says it won’t accept oil price cap
The Russian government says it is preparing its response after the G7, the European Union and Australia announced a price cap on its oil.
economy, business and finance
Feds call for unity to lower energy prices
Federal ministers have urged the states and territories to put their differences aside and do their bit to lower energy prices.
Commodity economy ‘not a source of shame’
Fossil fuels have given Australians an "awesome" standard of living but the economy needs to become more varied, international investors have been told.
BHP sees ore demand beyond ‘super cycle’
BHP tips decarbonisation to drive global demand beyond a "super cycle" for copper, nickel and steel but warns the industry is competing for high-tech skills.
Debate over energy price cap heats up
The possibility of price caps on fossil fuels has sparked concern from some state leaders as the government looks to lock down a plan to lower energy prices.
Manufacturing sector contracts in November
The manufacturing sector has contracted after three months of flatlining, in a sign that less-than-favourable economic conditions are now hurting.
Home price downturn now more subdued
The residential property downturn endures for the seventh month in a row, although the pace of decline has started to wind back.
NSW wind farm defies high-profile critics
The official opening of a wind farm near Canberra has been more than 10 years in the making, but landowners are now "drinking silver" from the revenue stream.
Inflation down but consumer pain lingers
Cost of living pressures eased slightly last month, although it's still too early to call the turning point for inflation.
Tax reforms flagged for housing crisis fix
Labor should have another look at contentious housing-linked reforms it unsuccessfully took to the 2019 election, independent MP Andrew Wilkie says.
Rents becoming more and more unaffordable
New research has confirmed what many tenants across the country already know - rents are soaring and rising faster than household incomes.
Consumer sentiment lifts for third week
Consumers are heading into the festive season a little more confident, but almost a quarter of families will be going into debt to fund festivities.
Australian shares end week up 1.5 per cent
The local share market finished Friday up 0.24 per cent, to again close at its best level since May 30 after four straight days of gains.
Australia’s 100-million solar panel puzzle
Going solar or upgrading an old rooftop system may slash power bills and cut emissions, but Aussies won't help to save the world if panels end up as landfill.
RBA sorry for interest rate predictions
Reserve Bank boss Philip Lowe has admitted language around the 2024 interest rate forecast was not clear enough and apologised for the miscommunication.
Millions to go into debt to fund Christmas
Christmas is always an expensive period and this year households are feeling the pinch, with one in four going into debt to fund festivities.
EU parliament target of pro-Kremlin hack
The European Parliament has been targeted by a pro-Kremlin group hours after voting to categorise Russia as a 'sponsor of terrorism'.
‘Be honest’ on bill shock from new energy
Origin Energy says the push for clean energy is "out of step" with consumers, warning of bill shock for years from the cost of building new renewable assets.
RBA leaves 50bp rate hike on the table
The Reserve Bank is prepared to do whatever is necessary to ensure the spike in inflation is only temporary and doesn't linger.
economy, business and finance
energy
energy and resource
environmental issue
industrial production
metal and mineral
mining
politics
Alumina refines credible path to net zero
Clean energy and local expertise could transform alumina refining, which has been one of toughest sectors to crack in decarbonising the Australian economy.
Business output shrinks for second month
Demand for services has cooled but manufacturing conditions remain fairly robust, a new survey shows.
Spending spree drives rise in confidence
Black Friday sales may be feeding into slightly elevated consumer confidence scores as savvy spenders pounce on discounted items.
APEC leaders pledge stronger trade system
APEC leaders meeting in Bangkok have called for an end to Russia's war on Ukraine and pledged to steer the region's economies toward sustainable growth.
Call for renewable energy storage target
Climate and energy leaders say a national renewable energy storage target could stabilise soaring power bills and encourage the construction of new systems.
Queensland report backs future for coal
Queensland's coal industry is emerging as a winner in the global energy crisis as demand from India, Japan and South Korea pick up the slack from China's ban.
Change ahoy for Gladstone port, industry
Shifts in global power, climate change and technology are driving a 50-year plan for Gladstone's port, and a 10-year transition plan that starts now for locals.
Annual wages growth reaches 3.1 pct
Wages are tracking upwards, growing by 3.1 per cent in the year to September, but still failing to keep up with the rising cost of living.
Aussie unemployment rate falls to 3.4 pct
The jobless rate has fallen back to 3.4 per cent, according to the Australian Bureau of Statistics, with the labour market still extremely competitive.
Cyber attack costs pile up for Medibank
Health insurer Medibank says an ongoing cyber attack will result in pre-tax costs of between $25 million and $35 million.
Recession unlikely in Australia, says IMF
Australia has had one of the strongest recoveries from the pandemic among advanced economies and is on track to avoid a recession, the IMF says.
Medibank sticks by hacker ransom call
Medibank remains steadfast in its refusal to pay a ransom to hackers who stole customer data, as the health insurer holds its annual general meeting.