Silicon Valley Bank is seized after historic failure
A US regulator has shut Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as the receiver.
economy, business and finance
Lattes on the line as climate change threat looms
A coffee shortage could be looming as global production faces threats due to extreme weather brought on by climate change, new research shows.
Savers short-changed as banks scrimp on rate rises
Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.
Budget cuts flagged to counter coalition ‘booby traps’
Finance Minister Katy Gallagher is optimistic comments from RBA boss Philip Lowe show interest rate hikes are close to ending but warns of more cost-cutting.
Reserve Bank closer to hitting pause on rate hikes
After delivering 10 interest rate rises in a row, the Reserve Bank could put further increases on hold to gauge the impact on soaring inflation.
RBA fires off another rate rise but the end is in sight
The Reserve Bank of Australia has lifted interest rates again but toned down its language, opening the door to a pause or only one more rise.
Gas far from cooked as energy role with safeguard: PM
Despite a Greens call to scrap new coal and gas projects, the prime minister says the energy sources are still necessary as part of its safeguard mechanism.
Australia returns trade surplus of $11.6 billion
Australia has reported another trade surplus ahead of the RBA's March cash rate decision, which is broadly expected to result in another hike.
consumer goods
economy, business and finance
environmental issue
renewable energy
road transport
transport
Australian buyers charged a premium for electric cars
New figures show Australian car buyers can pay thousands of dollars more for some electric vehicles than buyers overseas.
Lack of regional child care a barrier for workers: BHP
Families can wait up to two years for a child-care place in regional areas, making it harder to attract workers, BHP warns in its federal budget submission.
Mortgage holders brace for another interest rate blow
The Reserve Bank is expected to raise interest rates again, turning up the heat on already stretched household finances.
Treasurer defends superannuation change as ‘modest’
Treasurer Jim Chalmers has hit out at opposition attacks on the government's superannuation tax changes, describing them as only modest.
Aussies in hot water as smart meters slash power bills
Australians will be hearing a lot more about distributed energy resources but it's not as complicated as it sounds and most households already have some.
NAB bank head backs in Labor superannuation plan
Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB.
First home buyer lending hits six-year low
Australians are pulling out of the hunt for their first home, as a new survey shows many are struggling to make ends meet.
Blinken, Lavrov briefly meet amid G20 Ukraine tensions
US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov have had a brief encounter at a meeting of G20 foreign ministers in India.
breaking_news
corruption
economy, business and finance
election
inquiry
media
political candidates
politics
Hills Shire Council report calls for ICAC inquiry
A parliamentary report into property developers' influence in the Hills Shire Council has recommended a formal investigation by the state's corruption watchdog.
Bank closures hurt communities, Westpac admits to probe
Westpac and NAB executives are facing the regional banking inquiry, which is examining the impact of branch closures in country towns.
‘Cooked from above’ in shoddy housing amid energy shock
Renters in substandard housing are too scared to complain to landlords about uncomfortable heat in their home, because they fear a rent hike or eviction.
New house approvals slide for fifth month in a row
Approvals for new homes remain subdued as stubbornly high inflation and rising interest rates weigh on demand for home-building.
Home price slide loses momentum as new listings tighten
The downturn in housing prices appears to be easing but experts say it's too soon to say if it's bottoming out or has further to fall.
Economic growth softens amid higher interest rates
Official national accounts figures show easing economic growth as nine interest rate hikes start to weigh on household budgets.
Higher taxes to hit multimillion-dollar super balances
Australians with more than $3 million in their superannuation accounts will receive less generous tax breaks under changes due to come into force in 2025.
Crossbenchers call for more detail on climate policy
Carbon credits are no free ride and billions are being spent electrifying mine sites, industry figures have told a hearing on the government's climate policy.
Retail sales bounce back after festive season slide
Retail turnover has improved after a softer-than-expected result in December largely attributed to evolving holiday spending patterns.
Adani rebuffs report of fundraising against Aust assets
Adani has rejected as "totally false and untrue" a report that it plans to raise hundreds of millions in debt against some of its Australian assets.
Business profits rebound but outstrip wages bill
Australian company profits have bounced back after dropping off steeply last quarter, with business inventories returning a softer-than-expected result.
Australia risks losing race for carbon competitiveness
Some want emissions safeguards expanded to cover more industrial plants as a step towards an economy-wide carbon limit and price, but others warn of job losses.
Treasurer says super caps a ‘tweak’, not major reform
Treasurer Jim Chalmers says the fundamentals of super will remain untouched and his floated changes to tax breaks on large balances are not controversial.
Torres Strait alarm over foreign fishing ‘invasion’
Fishermen in the Torres Strait Islands say their traditional livelihoods are being threatened by foreign vessels and commercial mainland boats.
Corporate profits fuelling inflation, research finds
New analysis challenges the narrative that workers need to accept sluggish wage growth to tame inflation and says business profits are driving higher prices.