The Business

What's The Business about?

The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.

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The Business episodes:

10.17.2022
The growing push for more income tax reform | The Business | ABC News
There is a growing push for more comprehensive tax reform from experts and the parliamentary crossbench.
10.14.2022
Xi Jinping set to become the most powerful leader since Mao
Australia's former ambassador to China, Dr Geoff Raby says China's economy is flagging and Xi Jinping has made a number of serious policy miscalculations.
10.13.2022
UK bond market chaos 'an accident hiding in plain sight
NAB Chief Currency Strategist Ray Attrill says the "left-field" UK bond market turmoil has sparked fears other issues with the potential to impact global financial markets could also be lurking below the surface.
10.13.2022
The COVID dilemma now facing Australia's casual workers
There are concerns casual workers not entitled to sick pay will hide COVID-19 symptoms and continue going to work now subsidies for most of them are ending.
10.13.2022
Proposed financial advice regulations could erode consumer protections
An overhaul of financial advice could make it more affordable and easier to access, but critics say it will also unwind decades of consumer protections.
10.12.2022
Australia to be spared a recession during looming global downturn, says IMF
IMF Division Chief Harald Finger says a third of the world is headed for recession, but Australia will be spared the worst of the global downturn next year.
10.11.2022
"Blood sport" for investors in post-COVID AGMs
The are calls for a combination of in-person and online company annual general meetings to become the norm as Australia emerges from the pandemic.
10.10.2022
Think petrol is expensive now? It's about to become even more so.
The price of petrol is set to rise further, with the end of the fuel excise reduction last month yet to flow through to most bowsers. OPEC's decision to cut oil production will also push the price up further.
10.07.2022
At least one more interest rate hike coming, CBA economist says
CBA's head of Australian economics Gareth Aird says the bank expects another rate hike but they don't have "much further to run".
10.06.2022
The looming climate subprime mortgage crisis
Homeowners are being warned about difficulties of getting mortgages on properties at the highest risk of extreme weather events.
10.05.2022
Aussie dollar predicted to fall against the greenback, as Fed continues to hike rates
A higher US dollar isn't great news for global trade, but some Australian businesses and travellers have reason to smile.
10.05.2022
Central banks run risk of triggering a recession, says BlackRock strategist
BlackRock's chief investment strategist for the Asia Pacific, Ben Powell says if central banks lift rates too aggressively to fight inflation, they risk causing a recession.
10.04.2022
Major banks raise mortgage rates as RBA slows pace of its hikes
The RBA has slowed the pace of interest rate rises, with the sixth straight hike being 0.25 of a percentage point. The big four banks are passing the rate hike on to borrowers in full.
10.03.2022
House prices fall for fifth straight month as interest rates bite
Interest rate hikes are continuing to hit the property market, with capital city housing markets falling by up to 6 per cent in the past three months.
10.03.2022
Interest rates tipped to hit 4.5% in 2023, say ACY Securities economist
ACY Securities chief economist Clifford Bennett says the Reserve Bank has lifted the cash rate too hard and too late.
09.29.2022
Annual inflation hits 30-year high
New data from the ABS shows consumer prices rose 6.8 per cent in the year to August, slightly down from 7 per cent in the 12 months to July.
09.29.2022
BoE urgent action over UK financial crisis just a band-aid
UK government's mini-budget sparks financial market collapse, forcing Bank of England to launch emergency measures.
09.28.2022
Fuel prices set to jump after excise ends
Motorists are set for an increase of 25 cents per litre on fuel when the excise reduction ends - and prices could increase even more before the Christmas holidays.
09.28.2022
Buying opportunities in the US bear market
Morningstar chief market strategist Dave Sekera says while the stock market slide has many traders running for the exit, now is the time to buy.
09.27.2022
The barriers for EV owners living in apartments
As the government looks to boost the number of Australians driving electric vehicles, experts say there's a dilemma that could hold uptake back.
09.27.2022
China growth to slow
ANZ's Greater China Chief Economist Raymond Yeung says China will choose COVID zero over economic growth
09.26.2022
No charges for casino executives despite list of allegations.
Australia's largest casinos have been found "unsuitable" to hold licences due to criminal allegations but so far no individuals have faced consequences.
09.21.2022
Calls for airlines to better compensate travellers for delays and cancellations
As Australians board planes for long weekends, school holidays and footy finals, airlines are facing calls to guarantee compensation for flight delays and cancellations.
09.21.2022
There's no end in sight for the tradie shortage
Brickworks chief executive Lindsay Partridge says housing will become "completely unaffordable" if trade shortages continue.
09.20.2022
Interest rates have higher to go, ANZ economist says
ANZ Chief Economist Richard Yetsenga says interest rates will go higher than what Australians are comfortable with.
09.19.2022
Gig economy overhaul promises shake-up for multinationals
After explosive growth in the gig economy, the government is set to introduce laws forcing minimum conditions for millions of workers employed through apps.
09.15.2022
Why fossil fuel producers should pay a $300 billion windfall super profits tax
Climate Energy Finance director Tim Buckley says the political strength of the fossil fuel industry on both sides of politics is "out of control".
09.15.2022
Unemployment rises for first time in 10 months despite jobs boom
Australia's jobless rate ticked up to 3.5 per cent in August, as more people decided to look for work.
09.14.2022
Cashing in on Muslim demand for Halal
From cosmetics to vitamins, confectionary and cleaning products, more businesses are exporting halal-certified products to South-East Asia and the Middle East.
09.14.2022
Interest rates and stock volatility will be higher for longer after US inflation shock
Munro Partner's Nick Griffin manages $1.4 billion, and says inflation is going to be a problem well into 2023, but there are several stocks which will outperform.
09.13.2022
Calls grow louder for better visa protections for migrants
Skilled migrants who've experienced exploitation and harassment at work are urging the government to crackdown on rogue employers and provide visa certainty.
09.13.2022
Inflation is a runaway train, Saxo Bank chief says
Steen Jakobsen, Chief Investment Officer of Saxo Bank, says central bankers can't control inflation with rate hikes alone.
09.12.2022
Corporate Australia's profits surge but the outlook isn't as rosy
Australia's biggest listed companies have seen total profits rise more than 50 per cent, however experts warn this financial year won't be quite as positive.
09.08.2022
Calls for banks to pay billions back to scam victims
Consumer advocates are calling for urgent action to stop Australians losing billions of dollars a year to sophisticated scams.
09.07.2022
Economy grew 0.9 per cent in June quarter, but will it continue?
Australia's economy grew 0.9 per cent in the June quarter and 3.6 per cent through the year, however GDP growth is expected to slow from here.
09.07.2022
Perks are becoming crucial to retaining workers
People and culture expert Rhonda Brighton-Hall says perks that are tailored to fit the business and the employee work best.
09.06.2022
Reserve Bank hikes interest rates to seven-year high
The Reserve Bank has lifted interest rates for the fifth month in a row. The 0.5 percentage point hike takes the cash rate to 2.35 per cent.
09.06.2022
New UK PM Liz Truss faces a looming crisis
Regionally chair Justin Urquhart Stewart says UK Prime Minister Liz Truss faces some of the worst issues any incoming PM has had to face.
09.05.2022
As interest rates rise, more people fall into a mortgage trap
As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians are finding themselves in a mortgage trap, unable to refinance their home loans.
09.01.2022
House prices plunge at the fastest rate in nearly 40 years
Australia's housing market decline has spread across the country with CoreLogic's home value index slumping 1.6 per cent in August, the biggest national monthly decline since 1983.
09.01.2022
Business groups draw red lines at Jobs and Skills Summit
Australian Chamber of Commerce and Industry chief executive Andrew McKellar says the push to broaden collective bargaining and negotiate wages over whole sectors is a step backwards.
08.31.2022
What was the CES and why are people calling for it to return?
The Commonwealth Employment Service grew out of a realisation that unemployment had been a policy choice, but it fell out of government favour in the late 1980s and was privatised in 1998, leaving many former staff mourning what was once...
08.31.2022
Woodside looks to ramp up supply of LNG to Australia's east coast
Woodside chief executive Meg O'Neill says the gas market was already tight before Russia's invasion of Ukraine.
08.30.2022
The jobs most at risk of being taken over by AI and automation
Automation is usually associated with machines. But it's office jobs that are most under threat according to new research by an Australian teaching organisation.
08.29.2022
Why the future economy should focus on well-being and not just GDP
While GPD is the traditional measure of economic success, the Treasurer Jim Chalmers is set to examine the impact of government decisions on the quality of life of Australians in his upcoming budget.
08.29.2022
Small business strikes a deal with the unions, ahead of jobs summit
The Council of Small Business Organisations Australia and the ACTU have flagged the development of a simpler industrial relations system, including new options for flexibility in the workplace and multi-employer agreements.
08.25.2022
How higher interest rates impact retail stocks
Rising costs, inventory and interest rates don't bode well for retail stocks – but a couple look good to fund manager Tom Richardson.
08.25.2022
Qantas grapples with complaints as boss Alan Joyce faces calls to resign
Qantas boss Alan Joyce faces a growing number of calls to resign after the airline posted a third major loss from the pandemic.
08.24.2022
Ansell accused of 'knowingly profiting' off the labour of slaves
ASX-listed company Ansell has been hit by a lawsuit in the US, alleging it knowingly used a sub-contractor in Malaysia who engaged in modern day slavery to make pharmaceutical grade gloves.
08.24.2022
Cheese eating into Dominos profits
Dominos boss Don Meij says the price of cheese has been affecting the company's profits.

What's The Business about?

Download our free app to listen on your phone

The Business episodes:

The growing push for more income tax reform | The Business | ABC News

Xi Jinping set to become the most powerful leader since Mao

UK bond market chaos 'an accident hiding in plain sight

The COVID dilemma now facing Australia's casual workers

Proposed financial advice regulations could erode consumer protections

Australia to be spared a recession during looming global downturn, says IMF

"Blood sport" for investors in post-COVID AGMs

Think petrol is expensive now? It's about to become even more so.

At least one more interest rate hike coming, CBA economist says

The looming climate subprime mortgage crisis

Aussie dollar predicted to fall against the greenback, as Fed continues to hike rates

Central banks run risk of triggering a recession, says BlackRock strategist

Major banks raise mortgage rates as RBA slows pace of its hikes

House prices fall for fifth straight month as interest rates bite

Interest rates tipped to hit 4.5% in 2023, say ACY Securities economist

Annual inflation hits 30-year high

BoE urgent action over UK financial crisis just a band-aid

Fuel prices set to jump after excise ends

Buying opportunities in the US bear market

The barriers for EV owners living in apartments

China growth to slow

No charges for casino executives despite list of allegations.

Calls for airlines to better compensate travellers for delays and cancellations

There's no end in sight for the tradie shortage

Interest rates have higher to go, ANZ economist says

Gig economy overhaul promises shake-up for multinationals

Why fossil fuel producers should pay a $300 billion windfall super profits tax

Unemployment rises for first time in 10 months despite jobs boom

Cashing in on Muslim demand for Halal

Interest rates and stock volatility will be higher for longer after US inflation shock

Calls grow louder for better visa protections for migrants

Inflation is a runaway train, Saxo Bank chief says

Corporate Australia's profits surge but the outlook isn't as rosy

Calls for banks to pay billions back to scam victims

Economy grew 0.9 per cent in June quarter, but will it continue?

Perks are becoming crucial to retaining workers

Reserve Bank hikes interest rates to seven-year high

New UK PM Liz Truss faces a looming crisis

As interest rates rise, more people fall into a mortgage trap

House prices plunge at the fastest rate in nearly 40 years

Business groups draw red lines at Jobs and Skills Summit

What was the CES and why are people calling for it to return?

Woodside looks to ramp up supply of LNG to Australia's east coast

The jobs most at risk of being taken over by AI and automation

Why the future economy should focus on well-being and not just GDP

Small business strikes a deal with the unions, ahead of jobs summit

How higher interest rates impact retail stocks

Qantas grapples with complaints as boss Alan Joyce faces calls to resign

Ansell accused of 'knowingly profiting' off the labour of slaves

Cheese eating into Dominos profits