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live:ASX opens higher, RBA expected to leave rates on hold
Australia's share market has opened higher than expected ahead of the Reserve Bank's decision on interest rates later today. Some economists are expecting another rate rise before year's end, but most think the central bank will keep rates on hold. Follow live.
Analysis by Ian Verrender
analysis:Evidence tells us that we're only spending on necessities, so why are the experts advocating for more rate hikes?
After near-unanimous calls for multiple interest rate cuts a few months ago, economists now think more hikes are on the cards. But even though inflation is proving difficult to contain, increasing rates further still may not be the answer.
A young entrepreneur pushed for Netflix's 3 Body Problem adaptation. He was murdered before he could see it
Netflix's adaptation of Chinese sci-fi novel The Three-Body Problem is just one chapter of the series' challenging journey to the West. The books appear to tell a China story that Beijing is hesitant to share with the world — especially when it also involves a murder.
Nearly half of Australia's working artists earn less than $10,000 a year
A major economic study of Australia's creative workforce shows artists continue to be undervalued, with many struggling to earn enough to meet basic living costs.
HECS debts an 'insurmountable barrier' for those who take time out of the workforce as debtors call for further relief
School teacher Georgina Routley says more needs to be done to reduce the HECS debts of women and people who leave the workforce for a period of time.
To heat or eat? The impossible choice faced by vulnerable Australians as winter looms
Vulnerable Australians like Michelle Ryder are in for a tough winter as cost-of-living pressures force them to choose between heating their homes and buying groceries.
'It's vital to the nation': Steelworks shutdown enters eighth week amid blast furnace woes
Whyalla's steelworks has been offline for more than 50 days amid major problems with its blast furnace, fuelling concerns among some of the city's residents about the plant's long-term viability.
Controversial China-based developer sells lease of tropical island off Queensland coast
Residents say the island desperately needs hundreds of millions of dollars invested into it after years of neglect.
Rental crisis ripples out to outer suburbs as Australia's median rent reaches new high
Rents have reached a record high with the national median weekly cost now at $627, pushing renters further to the outskirts of capital cities.
Features
Latest business news
Federal court hears Bonza creditors' meeting "would need a stadium" with 60,000 affected customers
More details emerge over the full extent of the budget airline's collapse with nearly 60,000 customers and 120 suppliers owed money.
Treasurer flags welfare measures in next week's budget
Next week's budget will see an increase in welfare payments, Treasurer Jim Chalmers reveals, while warning the government needs to be careful about what it can afford.
Nick can't afford to finish his tattoos. Artists say it's cheaper to fly outside the city
Would you travel to Mildura for a tattoo? Melburnians are going a long way to dodge inflated parlour prices in the city, one regional tattooist says, as cost-of-living bites customers and artists alike.
Hobart AFL stadium at Macquarie Point a near certainty as Labor lends its support
Tasmanian Labor announces it will support the proposed Macquarie Point AFL stadium in Hobart, all but assuring it will pass parliament.
Anchovy feast draws scores of sea lions to famous San Francisco pier
More than 1,000 sea lions can be seen at San Francisco's Pier 39 — a number not seen at that spot since 1989.
Business Analysis
Analysis by Gareth Hutchens
analysis:Why are Australia's unemployment payments so inadequate? Experts say they have been deteriorating for decades
The Economic Inclusion Advisory Committee says Australia's unemployment benefits are woefully inadequate, and Australia sticks out internationally.
The mysterious man behind 777 Partners, the strange private equity firm that owns Bonza
Bonza's US private equity backers, 777 Partners, is fighting financial and legal fires around the world with its portfolio of budget airlines and financially struggling football clubs.
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A look back at the day's movement on the markets.
The Business
Stay up to date with the latest business, markets and economic news and insights as Australia and the world navigate turbulent financial times. Presented by Kirsten Aiken and Alicia Barry.
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With a cost-of-living crisis, inflation and higher interest rates plus global economic headwinds, Rachel Pupazzoni looks at the week in business and finance.
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