Energy retailer profits slump, looks to renewables
An electricity and gas retailer has seen a mammoth hit to its profits after a drop in energy prices as the company turns its focus towards renewables.
finance (general)
Liquid gas investment inflates Origin Energy’s profit
Profits are up for Australia's largest energy company despite challenges from the price of coal, energy tariffs and power plant uncertainty.
US trade deficit narrows amid drop in consumer imports
The US trade deficit narrowed in June on a sharp drop in consumer goods imports.
‘Struggling more than ever’: Debt reaches six-year high
The number of Australians seeking help with debt has reached a record high as housing stress and utility costs weigh on budgets.
Upward spending trend unlikely to shift needle on rates
Splurging shoppers are unlikely to dent the chances of an August interest rate cut, with consumer data tipped to deliver an upward spending trend.
Rio Tinto profits slip as prices weigh on performance
One of the world's biggest iron ore miners has posted its weakest first-half profit in years as lower global demand continues to drag on the commodity's price.
Woodside activists vow to fight on despite jail terms
Two climate activists have been handed suspended prison terms for their "harmful" act of letting off stench gas at Woodside's headquarters.
Australians warned to not jump the gun on tax return
The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.
Green tick: Australian net-zero projects to be rated
Environmental projects will be analysed and rated in Australia in a move experts say could prevent greenwashing and encourage international investments.
Microscope on IVF giant over ‘inexcusable’ embryo error
A private fertility giant faces potential legal and regulatory backlash after transferring the wrong embryo to a woman, its second mix-up in months.
Interest rates are coming down. Here’s what homeowners should know about refinancing
Refinancing your home loan – whether by negotiating a better deal with your current lender or switching to a new one – could save you thousands over the life of your loan. However, it won’t be the right decision for everyone. And there are some important things to know about how the process works – including hidden costs and risks.
Aussie market claws back ground after Wall St plunge
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
Fresh week brings cautious rebound as ASX edges higher
Australian shares have edged higher as a new trading week begins, but it could be a bumpy time ahead with ongoing uncertainty over US tariffs and global growth.
Australian shares plummet to six-month low
The Australian share market has fallen to its lowest level since towards the end of 2024 as uncertainty over global trade sends investors ducking for cover.
Casino hub could be first to go to save falling Star
A casino precinct might be the first asset sold from an embattled operator's multi-million dollar portfolio in a bid to avoid going belly up.
Sky-high $120m compensation bill for Qantas workers
Qantas has struck a deal to compensate more than 1800 workers to the tune of $120 million after the Federal Court found they were illegally sacked.
‘Kick in the guts’: bank slammed for $3 withdrawal fee
One of the big four banks has come under fire for changes to one of its everyday accounts which means some customers are slugged $3 when they withdraw cash.
Lag in response to tackle methane emissions, UN says
The UN says only about one per cent of the 1200 methane leak alerts issued to governments and companies have garnered a "substantive response".
Australian finance to spark Indo-Pacific climate action
Cheap finance for climate projects is on offer from Australia for small businesses across the Pacific, Southeast Asia and South Asia.
Climate talks urged to find trillions for poor nations
Experts have warned the world's climate negotiators that at least $1.5 trillion a year will be needed in climate cash for developing nations.
Geopolitics overshadow COP29 talks on climate cash
Tension are rising between developed and developing nations as the world's climate negotiators grapple with a $A2 trillion fundraising target by 2035.
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.
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.
New pizza boss tasked with bringing in more dough
A former pizza delivery driver who grew Domino's into a billion-dollar multinational company with the lot is leaving after more than two decades at the helm.
It’s not you: banking outages are taking longer to fix
Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.
Qantas fined for selling seats on cancelled flights
A Federal Court judge has approved a $100 million fine, agreed by the consumer watchdog and Qantas, after the airline sold seats on already cancelled flights.
Shareholders test Coles, Woolies over extinction threat
Australia's supermarket duopoly is facing a double-barrelled shareholder challenge over fish farming threats to an ancient, imperilled species.
Vanguard hit with record fine over $1b ‘ethical’ fund
Vanguard has been hit with the largest fine imposed in Australia for greenwashing, as a court ordered it to pay $12.9 million for financial misconduct.
Tourist hotspots face climate change ‘peril’
A report from a global insurance giant reveals half of Australia's tourist hotspots face high risks, and possible "natural peril" from climate change.
Vicinity seals largest Aussie retail deal for 2024
Retail property group Vicinity Centres has acquired a 50 per cent stake in one of the biggest shopping centres on the west coast.
Telstra open to Foxtel Group sale, profit drops 12.8%
Telstra CEO Vicki Brady has cautioned that News Corp's decision making around selling Foxtel, of which the telco owns 35 per cent, was in its early stages.