UK PM fires finance minister Kwarteng
UK finance minister Kwasi Kwarteng has confirmed he has been sacked by Prime Minister Liz Truss, becoming the third chancellor to quit the government this year.
economy, business and finance
PM hails parental leave to Labor faithful
Australian families will get an extra six weeks of paid parental leave under a policy designed to improve gender equity and help with the rising cost of living.
UK PM sacks Kwarteng, company tax to rise
The United Kingdom's corporation tax will rise to 25 per cent, Prime Minister Liz Truss has confirmed after she sacked finance minister Kwasi Kwarteng.
Inflation still ‘public enemy number one’
The inflation dragon is still breathing fire as the treasurer says higher-than-expected US inflation will have implications for Australia.
Budgets ‘best buffer’ to global recession
Headwinds facing the global economy require a coordinated international response, Jim Chalmers has told at a meeting of central bank and economic officials.
New standards for more connected energy
New rules and technical standards for home and business energy systems are being developed as regulators catch up with consumers and technology.
Incoming Star CEO plans to ‘rebuild trust’
Incoming CEO at Star Entertainment Group Robbie Cooke has vowed to "rebuild trust" as he steps into the top job at the embattled gaming company.
Qantas to boost wages, expects $1b profit
Qantas says it will boost worker pay by 10 per cent after a "remarkable turnaround" to profitability due to strong travel demand.
Labor’s new plan to slash consultancy bill
The finance minister has outlined a new plan to cut back on consultancy fees while the treasurer has promised to leave controversial stage three tax cuts alone.
Manufacturers turn ideas into jobs: report
A bed that watches vital signs and 3D-printed racing bikes are among the projects helped over the line by an industry-led advanced manufacturing centre.
Household energy bills soar by 25 per cent
Household and small business energy bills are soaring and the consumer watchdog is monitoring the industry for signs of price-gouging.
CSIRO’s $90m mission towards net zero
CSIRO will spend $90 million to ensure local communities - including farmers, miners and steelmakers - aren't left behind in the quest for net-zero emissions.
States plot grid for faster energy change
State energy ministers agree the scale of energy investment required is 'mind-boggling' but necessary to overhaul Australia's economy and cut carbon emissions.
Miners look to strike green gold out west
A gold mine in Western Australia plans to go carbon neutral by using green hydrogen to power crushing equipment, haulage trucks and generators.
breaking_news
economy, business and finance
energy
environmental politics
finance (general)
industrial production
politics
Carbon credits key to industrial emissions
The federal government is playing "policy whack-a-mole" as it prepares to roll out energy and climate tools, including new credits for big emitters.
Travello raises $10m in Series B round
A Brisbane-based youth travel network has raised $10 million to capture the pent-up demand for tourism experiences.
AGL dismisses billionaire’s board overhaul
AGL Energy is preparing for another showdown with billionaire shareholder Mike Cannon-Brookes after largely rejecting his plan for a board renewal.
Budget will balance inflation, rates: PM
The federal government has not changed its position on tax cuts legislated for 2024, the prime minister says as pressure mounts to rule out scrapping them.
Petrol prices already tracking upwards
Petrol prices have already started inching upwards following the reintroduction of the fuel excise tax last week.
Telstra dials up wind power generation
Wind power in Queensland will be bankrolled by Telstra as the telecommunications giant aims to be 100 per cent powered by renewable electricity by 2025.
UK abandons plan to cut taxes for wealthy
British chancellor Kwasi Kwarteng has made an astonishing U-turn, reversing plans to scrap the top rate of income tax for the highest earners after a backlash.
RBA lifts cash rate by 25 basis points
The Reserve Bank of Australia has finally taken its foot off the accelerator and slowed the pace of tightening after a series of jumbo rate hikes.
Home values fall for fifth straight month
Home values have dropped in nearly all Australian capital cities as interest rate rises weigh on property prices.
SA lets the fruit fly dogs out
South Australia has deployed the nation's first fruit fly detector dogs in a bid to quickly contain outbreaks.
NSW Serco prison officers walk off the job
Prison officers at Clarence Correctional Centre have gone on strike to protest low wages and staffing, but the operator is trying to increase staff.
Queensland assures no flooding in hydro project
Premier Annastacia Palaszczuk has given a guarantee that no national parks will be flooded by the proposed Pioneer/Burdekin pumped hydro project.
Ex-CSIRO chair tempers green hydrogen hype
The amount of renewable energy needed to make hydrogen is huge and questions remain about whether it will become a key export, a former chair of the CSIRO says.
AGL Energy stakes $20b on coal exit plan
Australia's biggest carbon emitter, AGL Energy, will shut all coal-fired power plants by 2035 in response to customer, shareholder and government pressure.
Heavy industries grappling with clean heat
Reinventing industrial processes is a challenge for Australia's emissions heavyweights as miners and refiners figure out ways to deliver on net-zero promises.
Budget recovering but no surplus in sight
The federal government recorded a better-than-expected $32 billion budget deficit, but the treasurer warns the budget is unlikely to return to surplus soon.
Rocky outlook for home building sector
A major construction industry group has downgraded its forecasts for the home building sector as interest rate rises and inflationary pressures set in.