Qantas posts $1.9 billion loss but revenue up
Qantas has posted a full-year underlying pre-tax loss of $1.86 billion after border closures and travel uncertainty as the COVID-19 pandemic weighed on earnings.
Qantas has posted a full-year underlying pre-tax loss of $1.86 billion after border closures and travel uncertainty as the COVID-19 pandemic weighed on earnings.
Virgin Australia is adding four Boeing 737 MAX 8 aircraft to its fleet, taking its number of Boeing 737s to 92.
The local share market has suffered its worst loss in seven weeks as traders suddenly turn skittish ahead of a major conference of central bankers from around the world.
Queensland businesses expect sales and revenue to grow, but they're less confident amid record operating and labour costs, a survey shows.
Office occupancy rates plunged in most major Australian cities in July as COVID-19 cases spiked across the country.
Mining magnate Gina Rinehart is partnering with South Korean steel giant POSCO to expand gas projects in Queensland in a move welcomed by local industry.
A robotics centre in western Sydney is helping small and medium sized businesses deliver faster to their customers.
Economists say the RBA has laid the groundwork for less aggressive rate hikes, but the government acknowledges the latest decision will sting homeowners.
The Reserve Bank board is expected to lift the cash rate for the fourth month in a row when it meets on Tuesday, with economists tipping a 50 basis point rise.
Hundreds of trucks have rolled into the nation's capital in a call for improved safety for drivers and industry reform after dozens of deaths in recent months.
Retail turnover rose 0.2 per cent in June, its sixth straight monthly rise but the smallest increase so far this year.
The US Federal Reserve has raised its benchmark interest rate by three-quarters of a percentage point for a second straight meeting as it battles inflation.
Domain says house prices in Australia's capital cities fell 0.9 per cent in the June quarter, while apartment prices were basically flat.
Without a 'great reallocation' of investment by governments and industry, starting now, Australia could be at risk of hefty economic losses by 2050.
agriculture
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An array of mechanisms are in play to cut emissions, with new laws simply setting a framework for detailed climate response tools that are yet to be argued out.
The International Monetary Fund has warned the global economy could slump into recession if risks of high inflation and the Ukraine war are left unchecked.
Australia's Telstra has landed one of the largest partnerships technology giant Microsoft has established with a telecommunications provider globally.
Consumer confidence could go backwards this week if new data confirms Australia has recorded the highest annual inflation rate in more than 31 years.
Russia's Gazprom says the capacity of the Nord Stream 1 pipeline under the Baltic Sea into Europe will be reduced to 20 per cent.
Crown says its Sydney casino at Barangaroo will open to the public in two weeks "with the highest levels of governance and compliance".
Russia says said its forces have hit a Ukrainian warship and a weapons store in Odesa with its high-precision missiles, as the war enters its sixth month.
construction and property
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economy, business and finance
employment
finance (general)
macro economics
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Victoria has earned top spot on CommSec's quarterly State of the States report for the first time since its COVID lockdowns but Queensland is coming on strong.
An hours-old deal to unblock grain exports from Ukraine has been placed in jeopardy after Russian missiles struck the key Black Sea port of Odessa.
The European Central Bank has raised interest rates for the first time in 11 years in hopes of taming record high inflation.
Most households except recent first-home buyers have enough savings to cope with rising interest rates, which the ANZ tips to reach three per cent this year.
Treasurer Jim Chalmers has flagged changes to the RBA's board with a new review to look at the expertise of its nine members, as one had his term extended.
Two speeches in two days will give the Reserve Bank of Australia an opportunity to demonstrate how hawkish it is feeling as rate hikes loom.
The unemployment rate plummeted to 3.5 per cent in June, from 3.9 per cent in May, and was much better than economists were expecting.
The national unemployment rate fell to 3.5 per cent, which is the lowest rate since August 1974.
Turkey has announced a deal with Ukraine, Russia and the United Nations aimed at resuming Ukrainian grain exports.
A record 240,065 dwellings were under construction in March, although work commencements on new homes fell as the housing boom lost momentum.