Wesfarmers defends record profits amid cost crisis
Wesfarmers chair Michael Chaney is reclaiming the word "profit" as the parent company of Kmart and Bunnings reaps a record profit amid a cost-of-living crisis.
economy, business and finance
Aussies willing to visit eight shops for groceries
The cost-of-living crunch is motivating more Aussies to shop around but it hasn't halted Coles sales growth, up 2.9 per cent in the first quarter.
Optus regrets ‘unacceptable’ conduct alleged by ACCC
Australia's second-largest telco says it failed to meet expectations after the consumer watchdog alleged "unconscionable conduct" against vulnerable customers.
Flight upgrades still clear for take-off despite outcry
Aviation experts say flight upgrades for business leaders and politicians are likely here to stay after concern about the prime minister's travel arrangements.
Demand to pressure US senators out of kangaroo ban
Australian politicians and officials have been asked to pressure US senators out of a kangaroo ban that could harm exports and farming.
‘People haven’t splurged’: tax cut spending subdued
Australian retailers are finally starting to see a more upbeat consumer, though spending is unlikely to be strong enough to fan the flames of inflation.
‘Long way to go’ as record number of scams reported
Complaints about scams and financial hardship have grown in one of the most worrying trends of the past year, according to the peak financial complaints body.
Fish furore: Woolies refuses to phase out farmed salmon
Woolworths shareholders have questioned the company's board over its pricing practices and use of farmed salmon which threatens the existence of a rare fish.
Nine grocery items bill tops $100 in remote community
Some Indigenous communities are paying twice as much for groceries as people in capital cities, a consumer advocacy organisation investigation has found.
UK Labour raises taxes by most since 1993
Chancellor of the Exchequer Rachel Reeves has raised UK taxes by $A79 billion to cover a shortfall inherited by the new Labour government.
Big coal miner stares down protests, shareholder vote
Shareholders voting at Whitehaven Coal's annual general meeting have supported the company's executive remuneration plan, defeating moves to spill the board.
Woolworths profits down as cost of living hits shoppers
Profits at Australia's biggest supermarket giant have taken a hit as cash-strapped shoppers search the aisles for cheaper options and Woolworths shares slump.
BHP digs in over coal royalties and labour hire stance
Multinational BHP says it will continue to work with the Queensland government over coal royalties after protesters demonstrated outside their AGM.
Australia’s inflation down, but not out
There were few surprises in the inflation read-out, with economists broadly of the view underlying price pressures should keep the cash rate on hold until 2025.
Seven news boss wants tax break to fight X, Facebook
A tax on commercial broadcasters should be scrapped, Seven news boss Anthony De Ceglie says, as media companies deal with the "evil forces" of social media.
Political dogfight erupts over PM’s plane promotions
Australia's major party leaders are embroiled in an increasingly personal stoush after revelations the prime minister accepted a stack of flight upgrades.
construction and property
consumer confidence
economy, business and finance
housing and urban planning
inflation and deflation
politics
‘Everything points to a slowdown’: property loses heat
House and unit prices may have found new record highs but interest rate cautiousness has tempered the pace of growth.
Clean energy talk cheap, flight upgrades pricey for PM
Anthony Albanese has made a whistlestop tour as he ratchets up election campaign efforts, but one expert says he must do more to change public opinion.
No spending free-for-all: treasurer sets election tone
Any further cost-of-living relief will need to be balanced carefully against budget constraints and economic circumstances, the federal treasurer says.
PM spruiks mining pay rise as wage battle emerges
Unions have warned peak bodies in the mining sector are advocating for industrial relations reform to be stripped back in a future coalition government.
Brazil seals compensation deal with BHP over dam
Brazil has reached a compensation settlement with BHP and others over a 2015 dam collapse which caused a giant mudslide killing 19 people.
Mideast war not behind Aussie inflation: opposition
Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says.
Qantas hands out $1000 bonuses to 27,000 workers
Qantas is hoping to win over workers as some of its engineers take industrial action over pay.
‘No doubt’ inflation is moderating: finance minister
Much is riding on quarterly inflation data out next week as Australia's slow progress by international standards has Labor defending its economic record.
economy, business and finance
energy resources
international (foreign) trade
investments
metal and mineral
mining
natural resources
politics
trade policy
UAE cash for minerals, but China dominance sparks angst
A free trade deal between Australia and the United Arab Emirates provides a pathway for significant investment in critical minerals and mining.
Global fight against high inflation ‘almost won’: IMF
The IMF says the decline in inflation without a global recession is a major achievement.
coal
economy, business and finance
election
electricity production and distribution
employment
energy
energy and resource
nuclear power
politics
unions
Union slams ‘false hope’: jobs at risk in nuclear push
Nuclear energy is a dangerous distraction from the real decisions facing Australia, the Electrical Trades Union warns members ahead of the Queensland election.
Infrastructure humps likely to curb housing targets
The water pipes and bitumen needed for new housing have emerged as a new frontier in the housing crisis debate as economist warn affordability could get worse.
Australia facing further economic troubles
Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.
Ex Abercrombie & Fitch CEO facing sex charges
A year after a BBC probe alleged Abercrombie & Fitch's former CEO was involved in sex trafficking, he, his partner and a third man are facing federal charges.
Modi tells Putin that India wants peace in Ukraine
While praising their "strong friendship" with Russia on the eve of the BRICS summit, India has made it clear it wants to see an end to the war in Ukraine.