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Latest news: Economy

Jobs market strong but Trump tariff bomb yet to explode

Jobs market strong but Trump tariff bomb yet to explode

Australia's jobs market is holding up better than expected, but the impact of Donald Trump-imposed tariffs is yet to play out across the globe.

Big bite on spending swallows up hospitality businesses

A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.

Reserve Bank call for calm is welcome amid tariff drama

Federal Treasurer Jim Chalmers says Australia is still well-placed to navigate the economic uncertainty generated by Donald Trump's wide-ranging tariffs.

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Working women key to future economic growth: bank boss

Working women key to future economic growth: bank boss

Australia has made significant strides to improve gender equity and increase female participation but the Reserve Bank's head says there is more to be done.

Bank boss alert, not alarmed over Trump tariff fallout

Bank boss alert, not alarmed over Trump tariff fallout

As rate-cut bets see-saw, the Reserve Bank governor says Australia is well placed for overseas shocks in her first speech since Donald Trump's tariff thump.

Budget-conscious millennials opting for autumn escapes

Budget-conscious millennials opting for autumn escapes

Cost of living and a shift in travel priorities loom large over autumn getaways, with millennials booking more trips than anyone else at this time of year.

China hits back with 84 per cent tariff on US goods

China hits back with 84 per cent tariff on US goods

China will impose 84 per cent tariffs on US goods from Thursday, up from the 34 per cent previously announced.

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Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Calls mount for RBA to intervene with jumbo rate cut

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

Risks of recession casts shadow over leaders' debate

Risks of recession casts shadow over leaders' debate

Risks of recession casts shadow over leaders' debate

Risks of recession casts shadow over leaders' debate

As economic headwinds emerge after US-imposed tariffs, Anthony Albanese and Peter Dutton are vying to lay claim to being the best bet to deal with them.

Don't be spooked by sliding super, funds warn members

Don't be spooked by sliding super, funds warn members

Don't be spooked by sliding super, funds warn members

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

Pledge to public servants as jobs cut fight flares

Pledge to public servants as jobs cut fight flares

Pledge to public servants as jobs cut fight flares

Pledge to public servants as jobs cut fight flares

Thousands of public servants are being promised no major change to employment agreements if the coalition is elected as Labor pledges to keep everything as is.

Soaring rents slow down as tenants pushed to the brink

Soaring rents slow down as tenants pushed to the brink

Soaring rents slow down as tenants pushed to the brink

Soaring rents slow down as tenants pushed to the brink

Rents remain at record highs in every capital city despite a slowdown in price growth, says a report that finds low supply leaves landlords with the upper hand.

Trump to raise global trade tensions with new tariffs

Trump to raise global trade tensions with new tariffs

Trump to raise global trade tensions with new tariffs

Trump to raise global trade tensions with new tariffs

After weeks of growing concern, President Donald Trump is set to announce his barrage of promised tariffs that could set the stage for a global trade war.

Brick by brick, parties build election housing pitches

Brick by brick, parties build election housing pitches

Brick by brick, parties build election housing pitches

Brick by brick, parties build election housing pitches

Tackling housing instability is key to securing an election win, with Labor vouching for build-to-rent while the coalition says Australians should own a home.

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Super failings laid bare after 'deep grief, suffering'

The peak body for super funds has apologised after a financial watchdog report revealed delays were rife in paying out death benefits to bereaved families.

How Aussie explorers can visit tourism's final frontier

Australian company Intrepid hopes to help Greenland carve out a sustainable tourism path as it prepares to launch tours to the remote Arctic island.

Dire stat demands 'urgent reform' from election winner

Whoever forms government after the election will need to deliver substantive reform to fix Australia's long-term productivity challenge, economists say.

Cheaper power bills pledge as Dutton spurs gas supply

Opposition Leader Peter Dutton's budget reply has outlined an alternative vision to drive down energy costs and ease pressure on household budgets.

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Labor gets tick on tax cut, Liberal fuel plan sputters

Labor's election tax cuts will provide a "meaningful" boost to the economy, while the coalition's fuel excise cuts have been labelled economically "silly".

No respite from tax burden on younger workers in budget

Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.

Budget fundamentals smashed as storms cloud outlook

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

Bayer hit with $3.3b Roundup verdict in US cancer case

Bayer says it will appeal after a US jury ordered it to pay one of the largest legal settlements issued in an alleged Roundup weed killer-related cancer case.

Home owners reap windfall as buyers warned on new units

Home sellers notched a record profit in last three months of 2024 but not every property owner will be so lucky in the future, real estate researchers warn.

Trump signs a bill to avoid a government shutdown

President Donald Trump has signed into law legislation funding the government through to the end of September.

Feds accept GST recommendation despite state pressure

A controversial GST carve-up will go ahead as a federal minister says his government will not overrule an independent body's recommended funding for states.

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