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More borrowers like these twins are about to become 'mortgage prisoners'

As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians who borrowed at the height of the pandemic housing boom will find themselves in a mortgage trap, unable to refinance.
Twin sisters standing in the kitchen of their Perth home in August 2022 after an interview with Nassim Khadem.
analysis

analysis: Another double rate hike coming from RBA but brakes may be applied soon

When the Reserve Bank heavyweights next gather around the board table, the question will not be about whether to raise rates, but by how much, writes business editor Ian Verrender.
A sign saying "Reserve Bank of Australia" on the exterior wall of the RBA's Sydney headquarters

We spoke to dozens of current and former Qantas staff, this is what they say is wrong at the airline

Dozens of Qantas staff, from pilots to flight attendants, tell ABC's Four Corners how they fear the airline's stellar safety reputation could be undermined. 
The silhouettes of four people. Behind them is a textured background with a red and white Qantas kangaroo logo.

Are cooperatives and mutuals one answer to Australia's weak wages growth?

There is one sector of the finance industry where workers have maintained an above-average share of earnings, even as wages have plunged relative to profits elsewhere.
Simone Tregeagle, chief officer of rt health, talking with colleague Merrilyn Lee.

As 22 cent fuel excise hike looms, the competition watchdog is ordered to monitor fuel retailers

As the end of a temporary halving of Australia's fuel excise draws near, the ACCC is ordered to watch for fuel retailers seeking to take advantage of the hike.
Petrol prices are just one area of the economy that has been hit by high inflation.
analysis

analysis: Can multi-employer bargaining fix wage suppression?

Multi-employer bargaining is part of a suite of policies designed to lift workers' wages, writes Gareth Hutchens.
Tony Burke wearing a navy suit standing at a podium.

Government dismisses 'breathless hysteria' over changes to employer bargaining rules

The federal government rejects suggestions any moves to widen access to multi-employer bargaining will lead to more strikes and business shutdowns across the country.
A woman with medium length blonde hair pouring coffee in a cafe.

Welfare recipients set to receive largest indexation increase in three decades amid soaring cost of living

The government says it's the largest indexation increase to payments in more than 30 years for allowances, and 12 years for pensions.
Anthony Albanese looks to the side towards Jim Chalmers.

Industrial relations and climate to dominate as parliament returns

The government hopes to introduce industrial relations reform before the end of the year as debate looks set to dominate parliament in its latest sitting. 
A man with grey hair speaks in parliament

An ex-premier, a union warhorse, a media mogul and the race to claim the key to Australia's green power future

Deep storage is considered the Holy Grail of efforts to turn the electricity grid green — and a roll call of interesting characters is on the trail.
A composite image of three headshots of men.

Latest business news

'I'm wasting myself': How visa restrictions are stopping skilled migrant women from working

Migrant doctors, nurses, engineers and pharmacists say their bridging visas are stopping them from getting jobs in Australia — but they are working to change that.
Posted
A portrait of Anam Irshad surrounded by greenery at Curtin University.

More 'cottonfed' cattle possible as waste turned into feed

A new factory that upcycles waste from growing cotton could see more "cottonfed" Australian beef, and a byproduct from the process could find its way into your fish and chips.
Posted Updated
close up of a hand holding white fluffy cottonseed

Federal government increase to migration cap welcomed in Ballarat. For this family, regional Victoria is home

In Ballarat, council, industry, employers and cultural groups are working together to maximise their benefit from the migration boost. 
Posted Updated
A man and a woman wearing red and white saree, with a girl and boy wearing traditional clothes stand outside a church.

European Union to meet amid energy crisis warning as Russia suspends gas line

Germany says Russia is "no longer a reliable energy partner" after announcing multi-billion dollar measures to help ease price pain. 
Posted
 Ukrainian President Volodymyr Zelenskyy looks at a destroyed building as he visits the war-hit Kharkiv region.

More people are dying on Queensland roads as experts unpack the impacts of COVID-19 on driver behaviour

More than 200 people have died on Queensland roads this year, as experts say more drivers are admitting to dangerous driver behaviour such as drink driving.
Posted Updated
A straight road with mountains in the distance, near Capella, Queensland, November 2021.

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Business Analysis

analysis

analysis: Never waste a crisis: Why the jobs summit could change things for millions of workers

By business reporter Daniel Ziffer
The Jobs and Skills Summit comes after years of workers losing out. Will it see a swing of power back?
analysis

analysis: Over Joyce: A brief history of one man's fight against everyone

By business editor Ian Verrender
Despite a consistent record of alienating all three key elements of the business he heads, Qantas boss Alan Joyce somehow has remained at the controls of the airline for the best part of a decade and a half, writes Ian Verrender.
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