Treasurer worried about home building pipeline
Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.
economy, business and finance
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Hundreds of millions to incentivise clean energy future
A $566 million commitment is part of Australia's long-term plan to incentivise clean energy investment and turn the nation into a renewables superpower.
Researchers cheer quantum leap on silicon breakthrough
University researchers say they have made a breakthrough in quantum technology that could pave the way for reliable, powerful computers.
US company awarded ship lift build contract
A United States company has been given the contract to build the ship lift component of a major maritime infrastructure project in the Northern Territory.
Australia has a beef with looming EU trade rules
Australia is concerned proposed deforestation laws in the European Union could impact agricultural trade and wants a delay in the new rules.
High steaks: PM launches drought fund at Beef Week
More than half a billion dollars will be allocated for projects helping farmers prepare for drought and to boost their capacity to adapt to climate change.
Australia’s housing woes to be focus in federal budget
The plight of struggling renters will be addressed in the upcoming federal budget, Treasurer Jim Chalmers says.
Groceries inquiry backs breaking up major supermarkets
Supermarket price gouging should be illegal and there must be laws to break up major retailers that abuse their market power, a Senate committee has found.
Rates on hold but RBA ‘vigilant’ to inflation risks
Mortgage holders have been spared more interest rate pain but emerging inflation risks have the Reserve Bank on high alert.
‘Under the pump’: expenses help for battling families
Cost-of-living support will be a key focus in the Albanese government's third federal budget, which will be handed down next week.
‘Unacceptable’: phantom flights cost Qantas $120m
Qantas has been fined $100 million and will be forced to pay customers a further $20 million for selling tickets for flights that were already cancelled.
Relief for students with $3b of HECS debt eliminated
About $3 billion worth of student debt will be wiped for more than three million Australians struggling through the cost-of-living crisis.
No bailout for Bonza as more than 300 staff stood down
Passengers and more than 300 staff are in limbo after administrators grounded Bonza's planes, with the government rejecting a bailout for the penniless airline.
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Supply shortfalls set to exacerbate housing crisis
Housing affordability has worsened in Australia and could be set to deteriorate further but there is no easy fix on the horizon.
Global body warns Australia on interest rates, NDIS
Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.
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Rio Tinto faces ‘biggest test’ since Juukan Gorge
Rio Tinto is on the hook for water use and what has been described as the biggest test of its reputation since the destruction of ancient Juukan Gorge shelters.
Man arrested after club visitor data exposed in breach
About one million personal records have been accessed from registered clubs and published to a website as experts say the breach could have been avoided.
Woolies CEO says customers struggling to make ends meet
Customer shopping patterns have shifted since the start of the year as rents rise and Australians seek savings, Woolworths chief executive Brad Banducci says.
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Commissioner warns of ‘tech wreck’ from unchecked abuse
As Australia races to retrofit laws for generative artificial intelligence, the nation's eSafety commissioner says investigators face real-life harms every day.
Rivals offer parachute for Bonza staff after collapse
Australia's major airlines have thrown Bonza workers a lifeline after their employer collapsed into voluntary administration.
Jobseeker cash rise quashed but other help on the cards
Treasurer Jim Chalmers says he will look for other ways to help people doing it tough rather than raising income support payments.
Home values defy gravity for 15th month
The housing market continues to defy gravity and trend higher even as interest rates remain elevated and affordability is stretched.
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Origin Energy LNG revenue soars, Eraring’s future open
Origin Energy's revenue from liquefied natural gas on higher volumes and prices surged in the March quarter, as talks continue over keeping Eraring burning.
Bonza calls in administrators as passengers hit hotline
Budget airline Bonza has entered voluntary administration after flights were suspended and the Australian government created a hotline for customers.
Retailers feel pinch as shoppers stay home, spend less
The high cost of essentials such as health, education and housing are squeezing household budgets and leading to weak discretionary spending.
Coles credits Pokemon with lifting supermarket sales
Coles has recorded a 5.1 per cent rise in supermarket sales over the past three months, a boost it attributed in part to a popular collectibles campaign.
Spending habits under a microscope ahead of budget
Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.
Renting families, overseas students not in competition
Rentals are in short supply and prices are rising fast but there's more to the story than international students, the Student Accommodation Council says.
BHP’s $60b copper power play rejected by British rival
BHP has had a $60 billion bet on "future-facing commodities" rejected by rival Anglo American, which said the iron ore giant's takeover bid was opportunistic.
Borrowers warned not to count on 2024 rates relief
Hotter-than-expected inflation data has likely pushed back the start date for interest rate cuts, a move that will keep pressure on mortgage holder budgets.
Woodside shareholders reject climate plan
Woodside Energy shareholders have re-elected chairman Richard Goyder but rejected the company's climate plan in a raucous four-hour meeting.