ASX closes down 3.7pc in worst two-day performance since 2022 — as it happened
The Australian share market has posted another loss, down 3.7 per cent in what is the index's worst two-day performance since 2022. Look back at how the day unfolded on our live markets blog.
Analysis by David Taylor
analysis:Australia's 'Goldilocks scenario' is over with a $100 billion fall. It's hard to tell what happens now
After experiencing what analysts call a "Goldilocks scenario", Australian stocks just suffered their biggest fall since the pandemic lockdown era and global financial markets are nervous.
Bidding opened to manage Sydney Airport's coveted gates after accusations of 'slot hoarding' by Qantas and Virgin
Sydney Airport faces a major shake-up of how flights are scheduled and who can get access, as the federal government seeks to quash alleged issues of "slot hoarding" by Qantas and Virgin at the nation's biggest airport.
The price of this burger tells the story of our cost-of-living crisis
The cost of a Big Mac can help us understand the big picture of what's going on with spiralling prices.
Analysis by Daniel Ziffer
analysis:These are the simple, brutal numbers that explain why households are doing it tough right now
Expectations the Reserve Bank is likely to keep rates on hold will be of little relief to mortgage holders. Here are the simple, brutal numbers behind why people are hurting.
Farming heartland to become energy hub with more than 260 wind turbines
As demand for electricity rises, energy companies are stepping in with plans to transform WA pastures into wind farms over the next decade prompting councils to ask for "serious" policies from the state government.
Analysis by Gareth Hutchens
analysis:Australia must treat housing as a human right, says former Victorian Supreme Court judge
Access to decent housing should be the "Great Australian Right," says a former Victorian Supreme Court justice.
Labor-linked union wants Treasury to keep its nose out of funding for industry
The union, whose former NSW leader is now the assistant industry minister, thinks the department is too "market-based".
When Rex Airlines entered the Golden Triangle, it accused competitors of 'slot hoarding'. But what is it?
Rex knew it was being ambitious when it expanded into capital city services after Virgin Australia found itself in trouble in 2020. Little did it know that four years later, Virgin would be the very company coming to its aid.
Jonathan bought a defective new apartment and then found regulators can't do anything about it
NT home owners say lax residential building regulations have left them dealing with major structural defects they aren't able to get fixed or claim compensation for. They are calling on both sides of NT politics to commit to changing that.
Features
Analysis by Gareth Hutchens
analysis:Australia must treat housing as a human right, says former Victorian Supreme Court judge
Analysis by Ian Verrender
analysis:Why the RBA should hold off on rate hikes
Latest business news
Dutton softens stance on 'billions for mining billionaires' during WA campaign blitz
Opposition leader Peter Dutton has softened criticism of planned government mining supports that he slammed in May.
Major $30 billion gas project off WA's coast at risk due to marine environment concerns
One of Australia's biggest gas projects is at risk of being rejected by Western Australia's environmental watchdog.
Widow of soldier killed in helicopter crash told to think about 'future partner' while planning funeral, inquiry hears
An inquiry into the deaths of four army personnel last July has heard the wife of one of the victims, Captain Danniel Lyon, was asked not to hold his funeral on Fathers' Day in consideration of her "future partner".
In this Olympic year, Australia's beef industry just broke a record
Australia exported nearly 130,000 tonnes of beef in July, which is a record month for the industry.
Footage of these light rail near misses may be funny to watch but authorities warn the endings could have been 'catastrophic'
Three of the light rail collisions were with cars and one involved a pedestrian. In one incident, a car slammed into the side of a tram pushing it off the tracks.
Business Analysis
Analysis by Ian Verrender
analysis:While all eyes are on Washington, Beijing is quietly heading into economic oblivion
Australia has done exceptionally well riding the boom in the Chinese economy. But the political and economic uncertainty surrounding the world's two biggest economies — the US and China — points to tougher times ahead.
Analysis by Ian Verrender
analysis:Why Andrew Forrest stepped back on green hydrogen
Green hydrogen might be more efficient than petrol but it doesn't rate against a battery-driven vehicle, and funding it is proving to be difficult with iron ore prices falling.
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The Finance Report with Alan Kohler
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.
Close of Business
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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