Latest financial, market & economic news and analysis
News
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Bowen says mechanism designed to limit energy price rises, if used, would have no impact until next January -
Data shows rates of absenteeism in the first two weeks of May were well above the seasonally-adjusted average
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Market operator warns of possible shortfall of gas supplies on Thursday in Victoria, South Australia and Tasmania amid cold snap -
Former PM joins panel discussion of pandemic’s effect on workplace gender equality and urges bosses not to overlook women -
Rural areas now have 84,600 unfilled jobs, far exceeding the 2011 peak, despite constraints of limited housing -
Letter from Save Sorry Business coalition also asks that regulator continue misleading and deceptive conduct case against company in federal court
In depth
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What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures -
State and federal authorities raised concerns periodically, but fund continued to target vulnerable people until its final collapse in March -
Julien Vincent’s Market Forces organisation started with a spare laptop and a spare bedroom before raising the ire of the former Coalition government
Guardian Labs
Opinion
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Facing economic difficulties, China is prioritising self-sufficiency and reduced dependence on Australian raw materials -
We can replace coal power with renewables and storage, electrify everything, create a renewable export industry and grow clean energy supply chains -
Reconciliation Australia’s program is not the sole solution to 230 years of colonisation but a starting point for a more equitable and reconciled country -
Workers have a role to play in demanding higher pay, but the Coalition has spent years condemning ‘weak-kneed’ employers who offer good wages
World news
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Central bank moves to stem double-digit inflation and protect currency, taking borrowing to highest level since 2015 -
Michael O’Leary hits back at Grant Shapps’s claim that firms have oversold flights and holidays -
Brent crude makes small rise to $116.94 as group sets extra output higher at 650,000 barrels a day -
GMB union says passengers should consider not checking bags into hold amid shortages of ground and air staff
Global view
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Business and political elite embraced new ethos at WEF without reflecting on past mistakes
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In normal times consumers spend for gratification – in this cost of living crisis they are spending out of desperation -
Most viewed
Australian businesses benefited from rising prices. Workers? Not so much