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Energy giant Woodside backs away from $80 billion merger deal with Santos

The combined business would reportedly have had an LNG (liquefied natural gas) capacity of 16 million tonnes a year.
Updated
Three buildings in a city skyline

Price gouging report finds big businesses are exploiting Australians

The former chair of the ACCC takes aim at electricity providers, banks, airlines, supermarkets, and other big businesses in his new report on price gouging and unfair pricing practices.
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Sally McManus holding a report, standing next to Professor Allan Fels.

Mount Gambier man revives 113-year-old windmill brand to give local manufacturing another spin

Varcoe Windmills were first built in Mount Gambier in 1911 but after its doors closed last year, the brand seemed lost for good, until a local agricultural mechanic bought the rights at an auction.
A man wearing blue mechanic's clothes standing next to a large machine.

Planes at major Queensland airport landing without a single firefighter on duty

The firefighters union is demanding the aviation regulator takes action after five Boeing 737s and a further 59 planes arrived at Sunshine Coast Airport with too few firefighters working in the past two months.
Two aviation firefighters stand in front of a specially designed, bright yellow fire truck.

Gas supply interruption triggers mass power outage across the Top End

The NT chief minister says there will be a review into the outage, which impacted about 20,000 households across 19 suburbs in Darwin, Katherine and Palmerston on Monday afternoon.
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Sun shines through powerlines at dusk in town in south-east Queensland

South Korean court acquits Samsung chief Lee Jae-yong of financial crimes

The Seoul Central District Court said the prosecution failed to provide enough evidence that the 2015 merger was unlawfully conducted.
A man with glasses wearing a suit.

Boeing to withdraw MAX 7 safety exemption request as scrutiny intensifies following alarming incidents

US politicians had been pressuring the company to withdraw the request following a harrowing mid-air cabin blowout on January 5 that exposed numerous safety and quality control concerns at one of the world's two major jet makers.
The first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018.

Vacuum cleaner retail chain Godfreys collapses, 193 job losses expected in coming fortnight

Vacuum cleaner retailer Godfreys has entered voluntary administration, leaving 193 jobs on the line with 54 stores to close in the next 14 days as it undergoes a restructure while searching for a buyer.
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A man with a white shirt and red collar lifts a bowling ball with a vaccum. He's in a red circle with Godfreys underneath.

Lack of air traffic controllers causing large number of flight delays

Australians have enthusiastically returned to travel post-pandemic, but the government agency responsible for air safety is facing criticism.
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ABC News Current
Duration: 6 minutes 55 seconds

Sara Lee bought by same family that saved Darrell Lea

Dessert manufacturer Sara Lee is being sold after it went into voluntary administration last October.
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Sara Lee sign in Lisarow.

Hong Kong court orders Evergrande's liquidation, posing threats to China's economy and global markets

A Hong Kong court has ordered one of China's biggest property developers, Evergrande Group, to liquidate, which could have severe consequences not just for China, but other economies including Australia. 
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People walk by an orange logo for Evergrande.

Has your flight been delayed or cancelled? The reason why might surprise you

Many Australians have been stranded at airports in the past year and have often blamed the major airlines but industry insiders say missteps by a government-owned body are a major reason for the poor service.
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Passenger plane and air traffic control tower at Sydney airport - good generic

Port Hedland air quality in spotlight, with dust levels exceeding guidelines 65 times in six months

Living just six kilometres from one of the world's largest bulk export ports in Western Australia, Roger Higgins is used to a bit of dust. But he says recent levels are the worst he has seen in his 12 years in the town.
Huge mining machinery with houses in the foreground.

On New Year's Eve, all of South Australia's power was coming from rooftop solar panels

Rapid growth in renewable generation slashed the wholesale cost of power in the national energy grid late last year, and dramatically reduced reliance on coal-fired power.
An aerial shot of a solar farm with other buildings

Whether you understand it or not, bitcoin 'is here to stay' — and experts say it's about to get even easier to invest

The decision by the US Securities and Exchange Commission to approve bitcoin exchange-traded funds was a decade in the making that's legitimised crypto — and experts say it won't be long before Australia follows suit.
A representation of virtual currency Bitcoin and US banknotes.

analysis:Critical minerals prices are crashing — and there could be some high-profile casualties

The sudden evaporation of hype and hot air in the energy transition industry may leave many who plunged into critical minerals in a critical condition, writes business editor Ian Verrender.
a mine site with a big truck and white rock

Tony Burke accuses DP World of acting in bad faith over port dispute

Workplace Relations Minister Tony Burke has accused port operator DP World of acting in bad faith in its pay dispute with the Maritime Union.
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A male, caucasian politican speakking at a press conference, infron of blank curtains and flags

Companies could be held liable for 'greenwashing' emissions figures under a new proposal

Company directors could face legal action if they fail to produce credible emissions forecasts, under draft laws proposed by the federal government.
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What does "net-zero" look like for Australia?

Faster than sound air travel is banned, but NASA's new quiet supersonic plane is hoping to change that

The debut of NASA's X-59 quiet supersonic aircraft is hoped to revolutionise commercial air travel in the US, paving the way for flights that can travel faster than the speed of sound. 
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A large, sleek air craft that looks like a small space-like plane is parked on a tarmac

Hemp's industrial potential hampered by red tape and stigma

Hemp is carbon neutral, local and easy to use but its association with cannabis use hinders its credibility as a building material.
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ABC News Current
Duration: 1 minute 43 seconds

FAA investigating if Boeing made sure a panel that blew off a jet was made to standard

The FAA says its investigation is focusing on door plugs like the one that recently blew off an Alaska Airlines 737 Max 9 aircraft during a flight, and Boeing says it will cooperate with that probe and another being conducted by the National Transportation Safety Board. 
A panel is missing from the side of an aircraft between two rows of passenger seats.

As south-east Queenslanders return to work, travel times could be twice as long. Here's what you need to know

As south-east Queenslanders return to work, authorities have warned travel times could be twice as long due to major rail works.
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Commuters aboard a packed delayed train bound for Brisbane's CBD from Deagon station

Cost-of-living crunch sees more retailers give products a second lease of life

Consumers and business are embracing the circular economy, with some big retailers even buying back and reselling their old goods.
A man runs his hand across a green couch.

Toyota subsidiary Daihatsu shuts down Japanese factories due to bogus safety tests

The Japanese government is investigating reports the company faked safety test results on some car models for more than 30 years.
A close-up photo of an older Japanese man wearing a suit and glasses and looking forlorn.

Reserve Bank left rates on hold after 'encouraging signs' that aggressive hikes were taming inflation

Newly released minutes from the RBA's December cash rate meeting show the central bank decided to leave official interest rates on hold after seeing "encouraging signs" that aggressive hikes were working to win the inflation battle.
An out of focus man and woman walk past a building with glass sliding doors and a sign reading Reserve Bank of Australia.