ACCC whacks energy giant with $14m fine
A corporate giant has copped a $14m fine for misleading customers over prices.
Manufacturing
Common item smashing Aussie wallets
Despite more EVs and people working from home, Australian fuel prices increased at double the rate of inflation in the 12 months to June.
One thing leaving Aussie companies on edge
Aussie brands have united to take on global retail behemoth Amazon in a four-day shopping event promising to save consumers big bucks.
‘Aussie Owned’: Mum calls for new food label
Aussies love supporting homegrown products, but one mum warns that the widely recognised “Australian Made” logo is not what it seems.
Shock pic exposes popular KFC item
A customer has taken to Facebook to vent about the fast food giant after making a huge discovery.
Major issue in solving Aussie housing crisis
With Australia’s housing crisis ever-worsening, one group has revealed the 130,000-strong gap stopping it from being solved.
‘Confident’: Albo’s big claim after Biden chat
Prime Minister Anthony Albanese has made a strong statement about the future of a multi-billion dollar investment after meeting with US President Joe Biden.
State’s shock social housing figure
A year ago, one Australian Premier said the ‘status quo is not an option’ as he unveiled a major housing plan. Since then rents are up 13 per cent.
Aussie shares flat before pivotal Fed moment
The local sharemarket traded flat on Wednesday as investors moved cautiously before Thursday morning’s pivotal Fed rate cut decision and the release of key jobs data.
$290m shake-up to ease cost of power bills
One state has committed another $290m to get more solar panels onto homes and businesses, with the ultimate aim of bringing energy bills down.
‘Dividend deluge’ amid cost-of-living crisis
As Australia’s biggest companies do all they can to cut costs, the corporate juggernauts are pulling back profits to pay shareholders.
Insane scenes rock massive CBD protest
Insane scenes have dominated the final day of anti-war protests in the heart of Melbourne, including one alleged act where a woman cemented herself in a car.
State’s bold plan for housing crisis
One state government is eyeing a bold new idea as it desperately tries to get more houses built.
‘Sputtering’ China weighs down miners
The financials and energy sectors have dragged the ASX to a winning day as Chinese woes weigh heavy on Australian miners.
45 houses unfinished as builder goes bust
Houses in one major city have been left unfinished as a builder that was serving a suspension is put into liquidation.
Energy stocks lead to dip in ASX
The Australian share market fell again on Thursday, after a poor start thanks to Wall St, as several big name companies report results.
Major milestone in nuke subs dream
A major milestone has just been hit in Australia’s ambition to acquire nuclear-powered submarines.
Huge cost of cyber attack revealed
Small Aussie businesses have glaring holes in their cyber security, and it’s costing them dearly as tougher penalties take effect.
China blow to cost Australia billions
Chinese manufacturing, and it turns out Chinese babies, have left their mark on the ASX on Monday despite the market closing up.
‘Absolutely furious, livid’: Outrage over ‘tax’
Thousands of Aussies trying to keep their bills down are being stung with a hidden tax advocates are calling “madness” as the cost of living continues to bite.
Big question Amazon can’t answer
Amazon executives are being grilled on the company’s murky development of AI and how audio recordings from inside homes are used.
Petrol, diesel car sales slip against EVs
The percentage of petrol and diesel cars sold in Australia is on a steady downward trajectory as the eco-conscious alternatives get more popular.
‘Broken’: Concern for Indo-Pacific
A key meeting of Australia’s Foreign Affairs Minister and her US, Japanese and Indian counterparts has singled out maritime lawlessness as a key issue in the Indo-Pacific region.
‘Get serious’: Uni staff on two-week strike
Staff at a major university have walked off the job for two weeks, an act that could affect lower socio-economic groups and the most marginalised learners.
Woolies makes big move on EVs
A big change coming to an Australian supermarket change could breathe new life in a once iconic local industry.
Fresh blow after union branch shut down
The South Australian arm of the powerful construction union, which is under the control of the Victorian branch, has also been put into administration.
Worker paralysed after horror fall
A water tank company has copped a massive fine after one of their workers was left paralysed from a horrific fall into a concrete tank.
The big reasons Aussies hate their jobs
The big reasons Australian workers grow to hate their jobs and look for alternatives have been uncovered in a massive survey.
500 jobs at risk as company collapses
A farming business with operations across the country has entered voluntary administration, putting 500 jobs at risk.
Huge update in divisive wind farm project
The next step for a controversial Australian energy project which would power an estimated 1.8 million homes has been announced.
Staggering figure Aussie workers losing
The staggering amount Aussie workers are losing in doing unpaid overtime outside their shift hours has been exposed.
Eye-watering fine over dodgy bid plot
An Aussie tech company has been fined $1.5m for attempted cartel bid rigging, related to upgrades at an iconic building in Canberra.
Cost of Aussie breakfast staple to soar
Bad weather and disease is making an iconic Aussie breakfast staple harder to find on supermarket shelves – and farmers reckon prices are going to get even worse.
11yo hospitalised after using manicure set
An 11 year-old girl has allegedly suffered severe third-degree burns after using nail glue bought from a popular Chinese online retailer.
Aussie ports targeted in Gaza protests
Ports across the country have been the target of peaceful protesters as calls for boycotts against Israel mount.
‘Urgent’: Blackout risk as green power stumbles
The Australian Energy Market Operator is warning of “reliability gaps” without the ‘timely’ delivery of more transmission and energy infrastructure.
Fresh fight looms on $14bn budget promise
Within hours of handing down its third budget, Labor’s bold Future Made in Australia Plan has been thrown into doubt.
Why popular item missing from shelves
Shoppers have noticed the popular products missing from supermarket shelves recently and there’s a concerning reason behind it.
Major company collapses owing $29m
The 60-year-old company was involved in sporting events such as the Australian Open but is now facing being closed for good as employees were left in limbo.
Asbestos concerns ‘until at least 2100’
Health and workers’ rights advocates are pushing ministers to curtail asbestos, warning it could linger into the next century despite being banned in 2003.
$215bn industry could create 53k jobs
The untapped value of an up-and-coming industry that could create thousands of jobs has been revealed in a new report.
How Australia plans to lure foreign cash
Amid a backlash from economists and industry experts, Treasurer Jim Chalmers has unveiled an overhaul of foreign investment policy.
150 jobs at risk as company faces $20m debt
It’s a big player in a key industry for Australia but its now looking for a bailout as its hit by a spate of problems affecting the sector.
ASX advances ahead of fresh inflation print
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
Big safety warning issued for motorbikes
A legendary motorcycle brand has issued an urgent recall for some of its bikes for a potentially fatal manufacturing flaw.
Boss exposes issue with ‘educated’ Gen Zers
An Aussie boss has exposed a major problem he says has made it impossible to find young workers.
Miner goes nuclear with uranium drum
A South Australian mining company has boomed in value from $37m to almost $2bn in less than 10 years and the meteoric rise could continue with the company announcing another big milestone.
The Aussies priced out of electric revolution
There are increasing calls to narrow the divide between people who can afford to electrify their homes and those who are left in the dark.
700 jobs at risk as company collapses
One of Australia’s biggest manufacturers has gone bust with a factory already slated to close amid concerns about the country’s recycling abilities.
Hi-tech laser miracle saves young dad
A young father with a serious brain disorder is on the mend after undergoing an Australian-first surgery with new state-of-the-art laser tech.
Green subsidies no ‘free for all’: Chalmers
Amid warnings over the government’s recently announced Future Made in Australia plan, Treasurer Jim Chalmers said taxpayer funds would not be wasted.
Company collapses with $2.5m debt
A “chain reaction” from other companies going bust and a challenging environment has forced an 18-year-old firm to go under.
400 workers strike at ‘pig-headed’ giant
Hundreds of workers will strike for 24 hours in a long-running pay dispute with an electricity giant after the company allegedly rejected a new offer from the union.
Historic gold mint releases new coins
Australia’s largest precious metals mint will celebrate 125 years in operation with the release of five special coins, including a gold coin with a mintage of just 500.
Brutal rift over major gas claims
A war of words has erupted between two Labor ministers with each other pointing the finger over a major shortfall facing Victoria.
Two workers killed in separate incidents
Tragedy has struck at two separate worksites within hours of each other.
Aussie company spruiks new $800m wind farm
The chief executive of a growing renewable energy company says the proposed location for a new 300MW wind farm “ticks all the boxes”.
Secret to improving lives of Aussies revealed
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Honda fuel pump defect affects thousands
Honda has been forced to recall more than 50,000 cars across various models for a defect that was the subject of the same warning four years ago.
‘Soul destroying’: Jobs lost in firm collapse
The livelihoods of 55 people have evaporated after a 50-year-old construction company went bust with $20m in debt.
Reason for urgent recall of 2k luxury cars
Transportation safety officers have issued an urgent warning for this legendary luxury brand, warning of a manufacturing defect.
Sinkholes above M6 project ‘not connected’
There is no connection between two sinkholes which opened up above the embattled M6 Tunnel project, a contractor says.
ASX resets record close thanks to banks
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
Aussies nervous as economy slows
Under pressure from soaring interest rates, elevated inflation and mortgage costs, households have cut back on spending for non-essential items like cars and coffees.
ASX edges lower as consumer stocks slip
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
ASX retreats from record high
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
ASX resets record high
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
Urgent recall of 30k Aussie vehicles
One of the world’s biggest car companies has just issued a massive recall for nearly 30,000 Australian vehicles.
ASX edges higher as Coles, Woodside rally
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
Debts explode in $45m company collapse
The debts of a collapsed group of companies have snowballed as liquidators wade through the mess.
Worker burned in horror chemical fire
Firefighters are battling a chemical fire outbreak at a major steelworks, with at least one worker injured.
‘Grown men crying’ amid $45m collapse
The Federal Court has put a limping company out of its misery weeks after all staff were brutally sacked.
Utes, SUVs risk price hikes, industry warns
New vehicle emissions caps, designed to force car makers to offer more low emissions models to Australia, could crimp the supply and affordability of utes and SUVs, the automotive industry has warned.
Aussie dream dying as new loans collapse
The dream of owning your own home has motivated millions to save over generations, but the latest data on new loans for first home buyers suggests many Aussies are giving up.
ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
$2.3bn project held to ransom over pay demand
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
Cleaning brands collapse, 120 staff sacked
Up to 120 staff have been sacked after a maker of major Australian household cleaning brands collapsed, with a buyer now being sought for the business.
‘Losing money’: Small firms under threat
Businesses have been “significantly impacted” and are losing money because of strikes at the nation’s ports, the boss of one company says.
Price hike fears over shipping turmoil
Consumers risk facing price hikes on everyday products, including white goods and pharmaceuticals, as chaos in the shipping industry at home and abroad threatens to blow out delivery times and increase costs.
ASX-listed weed company goes bust
The company behind the largest cannabis manufacturing facility in the southern hemisphere has entered administration amid “disunity” at board level.
Original URL: https://www.news.com.au/finance/business/manufacturing/page/2