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Latest news: Economy, Business and Finance

Bessent expects US-China trade tensions de-escalation

Bessent expects US-China trade tensions de-escalation

A de-escalation in China-US trade tensions will happen in the "very near future," US Treasury Secretary Scott Bessent has reportedly told investors.

Santos gets final tick for flagship Barossa gas project

Santos has received final approval to start production on its flagship $5.8 billion Barossa gas project in the Timor Sea after years of legal delays.

Rate cut on horizon amid fears of more stock turmoil

Donald Trump's latest attack on a pillar of the global economy could renew market stress as Australian homeowners eye a supersized rate cut.

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Trump hails 'big progress' in tariffs talks with Japan

Trump hails 'big progress' in tariffs talks with Japan

Donald Trump and Japanese officials have taken part in talks on tariffs, as the US president's trade war continues to spook global markets.

No 'band-aid solution': sweating coal risky business

No 'band-aid solution': sweating coal risky business

Proper maintenance is the answer to ageing coal generator reliability issues, the coalition has countered in response to more questions about its nuclear plan.

Trump plays critical minerals card in tariff trade war

Trump plays critical minerals card in tariff trade war

A national security review of critical minerals imports has been ordered by President Donald Trump in an escalation of his dispute with global trading partners.

Bell tolls as KFC operator dumps bucket on taco chain

Bell tolls as KFC operator dumps bucket on taco chain

Australian restaurant firm Collins Foods is looking for a suitor to buy its Taco Bell chain as it eyes a bigger piece of the European market for its KFC brand.

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Tariff turmoil triggers Reserve Bank inflation fears

Tariff turmoil triggers Reserve Bank inflation fears

Tariff turmoil triggers Reserve Bank inflation fears

Uncertainty over US tariffs and a brewing global trade war cast a shadow over the Reserve Bank of Australia as it deliberated on cutting interest rates.

US begins probes into pharmaceuticals, chip imports

US begins probes into pharmaceuticals, chip imports

US begins probes into pharmaceuticals, chip imports

US begins probes into pharmaceuticals, chip imports

The US is preparing to impose tariffs on pharmaceuticals, as drug makers argue that could increase the chance of shortages and reduce access for patients.

Big bite on spending swallows up hospitality businesses

Big bite on spending swallows up hospitality businesses

Big bite on spending swallows up hospitality businesses

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.

Meta's landmark trial could dismantle huge tech empire

Meta's landmark trial could dismantle huge tech empire

Meta's landmark trial could dismantle huge tech empire

Meta's landmark trial could dismantle huge tech empire

Meta faces a historic antitrust trial which may force it to break off Instagram and WhatsApp, startups it bought that have become social media powerhouses.

China's Xi boosts Asian trade ties amid US tariff spat

China's Xi boosts Asian trade ties amid US tariff spat

China's Xi boosts Asian trade ties amid US tariff spat

China's Xi boosts Asian trade ties amid US tariff spat

President Xi Jinping has warned there are no winners in trade wars as he begins an Asian tour aimed at consolidating relations with China's neighbours.

US tariffs on imported semiconductor chips coming soon

US tariffs on imported semiconductor chips coming soon

US tariffs on imported semiconductor chips coming soon

US tariffs on imported semiconductor chips coming soon

Donald Trump has flagged new tariffs on smartphones, computers and some other electronics as the trade war saga sparks the most volatile markets in five years.

Us excludes smartphones and computers from tariffs

Us excludes smartphones and computers from tariffs

Us excludes smartphones and computers from tariffs

Us excludes smartphones and computers from tariffs

The big tech industry can breathe a huge sigh of relief after President Donald Trump's administration exempted smartphones and computers from tariffs.

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Trump tariff trouble to cast shadow on domestic market

While fresh insight into the Reserve Bank's rate decision is set to be revealed, all economic eyes will continue to be on the fallout from US-imposed tariffs.

Australia, Indonesia strengthen ties amid tariff hikes

Global trade concerns are a key topic of conversation between Australia and Indonesia as US trade tariffs wreak uncertainty among governments and markets.

China retaliates again in Trump's escalating trade war

The White House says Donald Trump's trade advisors are aiming to strike trade deals during a 90-day tariff pause, as the global trade war continues.

Uncertainty the only sure-thing as market chaos reigns

Equities and commodities have whipsawed at the whims of erratic US trade policy but worrying signs are emerging in the plumbing that holds markets together.

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Deal to sink harmful fishing subsidies edges closer

Government subsidies are helping the fishing industry empty oceans of marine life, smashing ecosystems and hurting coastal communities reliant on fish stocks.

China raises tariffs on US goods to 125 per cent

China is raising tariffs on US goods from 84 per cent to 125 per cent as the trade war unleashed by US President Donald Trump continues to escalate.

More victims revealed in super hack netting $750,000

More superannuation members have had a quarter of a million dollars stolen from their accounts following a mass cyber attack.

EU puts countermeasures on hold after US tariff pause

US President Donald Trump abruptly backed down on his tariffs for most nations for 90 days, but has doubled-down on his tax rates for Chinese imports.

Booming hobby a treasure trove for collectable devotees

Passion for trading cards, coins and other choice collectables has built fortunes big and small for millions of Australians, a new report suggests.

Australia looks to Asia, Europe amid US tariff turmoil

The prime minister has talked up regional opportunities as his government seeks to dispel fears of a recession following a tariff-induced market meltdown.

Deal or no deal: Greens leader bristles at Labor claim

The "penny is dropping" for Labor and the coalition that minor parties and independents can't be brushed aside, Greens leader Adam Bandt says.

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