Warning for businesses as defaults reach record high
Business trade payment defaults have surged to a record high as surging interest rates constrain spending, sounding insolvency alarms in the months ahead.
Business trade payment defaults have surged to a record high as surging interest rates constrain spending, sounding insolvency alarms in the months ahead.
Struggling households should not expect extra cost of living relief soon but the treasurer has not ruled out more help if the economy deteriorates markedly.
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A refinery in Gladstone will get a federal grant for a renewable hydrogen project that is key to the decarbonisation of Queensland's industrial heartland.
The head of the Reserve Bank says more interest rate rises are possible to get inflation under control, but the July pause was appropriate.
The Australian government remains hopeful of striking a deal with the European Union on free trade, as the latest talks stall.
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The federal government is contributing $32 million to a trial project swapping gas for hydrogen to power the emissions-intensive alumina refining process.
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Nuclear power is too expensive and slow to build, while offshore wind will be crucial to achieving climate and energy targets, a net zero report finds.
The Australian chair of an electric vehicle giant says the nation must drive tech startups and renewable energy or risk being left behind.
The head of the Reserve Bank says more interest rate rises are possible to get inflation under control, but the July pause was appropriate.
Talks for a free trade deal with the EU have stalled over Australia's demands for greater access for its agricultural products into European markets.
One of Australia's richest couples, Andrew and Nicola Forrest, have separated but will continue working together on their various business interests.
Chemicals giant Orica says industrial-scale renewable hydrogen and green ammonia is within reach, and would free up domestic gas supply for households.
One of Australia's richest couples, Andrew and Nicola Forrest, have separated, but they will continue working together on their various business interests.
Peter Dutton says a senior public servant should not be chosen as the next RBA governor, arguing it should not be a political appointment.
Just months after Australia's newest airline took to the skies, budget carrier Bonza is cutting five low-demand routes to improve service and reliability.
The Liberal Party is stepping up its campaign in the Fadden by-election, with Opposition Leader Peter Dutton visiting the Gold Coast seat.
The Reserve Bank of Australia could be getting a change of leadership, with the treasurer expected to announce a decision on the governor job soon.
The Reserve Bank of Australia is likely to be getting a change of leadership, with the treasurer expected to announce its pick for the governor's job soon.
Prime Minister Anthony Albanese says the government is yet to decide who will be chosen as the next Reserve Bank governor.
Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock the first woman picked to lead Australia's central bank.
Actors in the United States are going on strike after their union and the major studios failed to reach an agreement on a new film and TV contract.
Philip Lowe will leave his post as head of the Reserve Bank, with Michele Bullock promoted to the top job as the first woman to lead Australia's central bank.
Striking Hollywood actors and writers are set to picket film and television productions at the same time for the first time since 1960.
A leading economist says the Reserve Bank's new governor brings monetary policy credibility while the treasurer praises her leadership and communication skills.
The official jobless rate could start to show some signs of lifting, as domestic economic conditions continue to deteriorate and weigh on hiring decisions.
Finance Minister Katy Gallagher has welcomed the elevation of Michele Bullock as the next RBA governor, calling it a historic appointment.
Minutes from the Reserve Bank of Australia's board meeting will shed light on its reasons for hitting pause on interest rates after a run of successive hikes.
The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.
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Federal Climate Minister Chris Bowen has taken a swing at his political opponents, claiming a "cabal of climate denial" runs policy in the federal opposition.
The Reserve Bank board had another tough choice between hitting pause on interest rates or delivering another hike at its last meeting.
Australia's economic growth is still tracking towards lower-than-usual performance despite future-looking indicators showing a glimmer of improvement.