Greens chief scolds senator for defence on social media
David Shoebridge says taking to social media is 'not the way' to handle allegations and is vowing to let the investigation run without further interference.
finance (general)
Hard choices ahead for Reserve Bank: deputy governor
Australia's low unemployment rate has been a great success, a top Reserve Bank official says, but it might need to go higher to get stubborn inflation down.
Higher for longer: why low rates are relics of the past
There's growing evidence that interest rates are becoming less effective at slowing demand, meaning central banks have to lift rates further to ease inflation.
Big bank rejects push to end financing of land clearing
Commonwealth Bank shareholders have firmly rejected an attempt by conservationists to get the company to end the financing of deforestation.
Bottom of house-price slide, rent peak ‘fair way off’
Renters and home-owners are likely to be in pain for some time yet as a fight picks up over whether tenants should be protected by caps.
AI revolution hinges on data centre ‘social licence’
Data centre and artificial intelligence leaders have been told Australia risks missing a "fourth industrial revolution" if it cannot allay public concerns.
Surprise GDP data ‘final green light’ for rate hike
Data centre investment and electric vehicle purchases are making it harder for the Reserve Bank to get inflation down as the likelihood of a rate rise firms.
Click, click, boom: AI mania and war trigger rate fears
Insatiable demand for computing power has pushed up prices for technology products, driving up imported inflation to Australia, a Reserve Bank official says.
Super members to get more advice in financial shake-up
The financial advice sector will undergo a major overhaul in an effort to thwart "bad actors" attracted to Australia's huge pool of retirement savings.
Shoddy bank record-keeping hits savers as scammers lurk
Many Australian banks are flying blind when customers ask them to confirm the details of mortgage offset accounts, leaving thousands of borrowers at risk.
Inflation lying in wait to strike another rate blow
Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure leaves the door open to more Reserve Bank rate hikes.
energy and resource
exports
finance (general)
nuclear policy
peace negotiations
unrest, conflicts and war
waterway and maritime transport
Iran sanctions waived, Trump will ‘do what I have to’
While JD Vance is touting progress in negotiations with Iran, Donald Trump has declared he "will do what I have to do" if Iran doesn't stick to the agreement.
Casino slapped with $10m fine over gambling breaches
The Star casino has been hit with another round of massive fines for regulatory breaches, including allowing players to gamble well beyond legal time limits.
breaking_news
business (general)
consumer goods
consumers
economy, business and finance
finance (general)
inflation and deflation
interest rate
personal finance
politics
prices
statistic
Falling fuel prices bolster hopes for RBA rate reprieve
A cut in the fuel excise caused annual headline inflation to fall, but the underlying impulse for price pressures is still gathering steam.
Auditor casts eye over ‘devious’ 40-year lottery deal
An independent auditor is probing whether a state government ran a competitive process before handing out a 40-year lottery deal after "exclusive" negotiations.
Global glut hits grain handler as farmers hold back
A leading Australian agribusiness has made a relatively small net profit in the first-half of its financial year, down 92 per cent from a year ago.
Australia will avoid recession, despite global jitters
One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.
Fuel, fertiliser shortages could deliver barren harvest
After a record-breaking year, agricultural businesses may need to change their approach to succeed amid worldwide supply issues.
Shock jock claims ‘irreparable harm’ in contract fight
Controversial radio host Kyle Sandilands claims his termination by his former employer was invalid and is causing irreversible harm that worsens every day.
RBA ready to shift up a gear as the neutral rate rises
The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.
breaking_news
business (general)
consumer goods
consumers
economy, business and finance
finance (general)
inflation and deflation
personal finance
politics
prices
statistic
Calm before storm: RBA braces for spikes and hikes
The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.
Qantas customers claim $105m compo over COVID credits
A $105 million pot could be shared among hundreds of thousands of Qantas customers after the carrier settled a class action over COVID-19 flight credits.
Renewables growth energises spending as inflation rises
Capital expenditure has been rising fast in Australia as the treasurer warns stubborn inflation will mean savings are needed in the budget.
computing and information technology
consumers
economy, business and finance
finance (general)
financial and business service
internet
quarterly or semiannual financial statement
technology (general)
Aussies ditch copper for fibre to boost download speeds
More Australians are upgrading their broadband connections, choosing faster plans and setting download records, NBN Co has revealed.
‘Didn’t have the skills’: biotech boss retires abruptly
A desire for new leadership has been cited as a reason for the sudden retirement of the head of an $89 billion biopharmaceutical company.
auto trends
automotive equipment
consumer goods
consumers
economy (general)
environmental issue
environmental pollution
finance (general)
road transport
transport
Petrol, diesel cars slow while hybrids, EVs speed up
Australians are buying fewer cars that use fossil fuels alone as they shift allegiance to low-emission hybrid and electric models.
Debt group sees upside in higher credit card balances
Debt collection business Credit Corp, which also owns lender Wallet Wizard, expects its profit to grow by up to 17 per cent as cost-of-living pressures bite.
Nine kills radio star, switching stations for hard ads
An Australian media giant is offloading some of the nation's biggest radio stations to fund a buyout of an outdoor advertising group.
‘Struggling in silence’: Aussies’ shame driving up debt
Nearly half the nation started the new year in debt, but research shows countless Australians are unwilling to discuss their finances, even with loved ones.
Asset giant to buy popular Australian holiday island
An iconic Australian holiday island is being sold by its family owners to a US private equity giant with reports putting the price tag north of $1 billion.
Kyiv welcomes EU loan despite no deal on Russian assets
The EU will lend Ukraine $160 billion to help it continue fighting, a move welcomed by Kyiv even though it wanted the money to come from frozen Russian assets.