News

Companies that don't comply with a ban on gamblers using credit cards for online betting face hefty fines, but the new rules don't apply to online lotteries.

Alarm over return to climate wars

A push too far: Costello quits

The ASX200 finished Friday up 0.5 per cent for the day to close at a three-week high.

Most Australians worry artificial intelligence technology will be used to mislead voters and would like to see it banned from political ads.

Union push to raise pay for teens

The ASX200 finished up 0.7 per cent, with Commonwealth Bank shares trading above $125 for the first time, following "Goldilocks" economic data from the US.

Weak economic growth in the first three months of 2024 does not signal that Australia is heading into a recession, the treasurer says.

Travel boom could keep rates on hold

The ASX200 finished 0.4 per cent higher as official statistics revealed Australia's gross domestic product grew just 0.1 per cent in the first quarter.

The head of the Reserve Bank expects another subdued quarter of growth and is "not ruling anything in or out" on interest rates.

PC: mining subsidy ‘not tax reform’

The benchmark S&P/ASX200 index finished 0.31 per cent lower, with losses for the major miners and oil producers ahead of new data on the economy.

Bulking up on renewable energy and big batteries rather than nuclear and gas will solve Australia's power problems, an industry body says.

Minimum and award wages will get a 3.75 per cent boost starting from July, delivering a small real wage gain to millions of workers.

ASX warned on diversity board push

The ASX200 finished the day up 1.0 per cent, closing the month of May up 0.5 per cent from where it started.

Some $60 million in cheap loans is up for grabs as part of a $1 billion federal fund to encourage homeowners to install solar panels and batteries.

Brookfield’s $10b green energy plan B

The ASX200 fell 0.5 per cent to a four-week low during trading, with the mining sector leading the decline as sentiment sours.

Inflation stall pushes back RBA rate cut

The local share market has suffered its biggest drop in more than a month after official statistics showed inflation has picked up, raising doubts about whether domestic rate cuts will occur at all this year.

Australia's central bank is yet to bring inflation to heel and fresh monthly consumer price data should hopefully hint at a little more progress.

Consumer firms flag profit drop

The Australian share market has finished lower as traders digested weaker-than-expected domestic retail trade figures showing that consumers continue to be cautious with their spending.

The Boomer ‘wave’ set to hit super

The local share market has rebounded from four-straight days of losses, with gains nearly across the board after a report over the weekend showed US inflation expectations easing.

Lendlease to end global ambition

The Australian share market has dropped across the board to post its worst losses in more than three weeks as hopes fade for mid-year interest rate cuts.

Former Fremantle mayor and criminal defence lawyer Richard Utting has died aged 77.

Coal plant ‘could limp into 2030s’

The ASX200 has dropped 0.5 per cent after US Federal Reserve minutes showed some officials were willing to raise interest rates.