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Latest news: Economy, Business and Finance

Break in economic data keeps Middle East in focus

Break in economic data keeps Middle East in focus

Traders will be hoping US President Donald Trump strikes a permanent deal with Iran to keep the Strait of Hormuz open as the clock ticks on a fragile ceasefire.

Iranian gunboats fire on tanker in Strait of Hormuz

Iranian gunboats fire on tanker in Strait of Hormuz

Iranian gunboats fire on tanker in Strait of Hormuz

Iranian gunboats fire on tanker in Strait of Hormuz

The US and Iran are locked in a stand-off over the Strait of Hormuz, with Iran reversing a move to reopen the waterway, firing on a ship attempting to pass.

Budget tightrope to cut oil dependence, ease inflation

Budget tightrope to cut oil dependence, ease inflation

Budget tightrope to cut oil dependence, ease inflation

Budget tightrope to cut oil dependence, ease inflation

The upcoming budget presents an opportunity to reduce reliance on vulnerable global fuel supply chains but comes at a time of multiple priorities to juggle.

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Men arrested for allegedly stealing 1000 litres of fuel

Men arrested for allegedly stealing 1000 litres of fuel

Two men accused of pinching 1000 litres of petrol have been arrested and charged as fuel prices remain sky high.

Pacific declaration urges end to age of fossil fuels

Pacific declaration urges end to age of fossil fuels

The newly-inked Tassiriki Call from a group of Pacific nations demands a fossil fuel treaty, the strategic use of international law, and rejects CCS technology.

Warning for borrowers as RBA frets over its credibility

Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

Popular buy now, pay later company sees bad debts rise

Popular buy now, pay later company sees bad debts rise

Shares in buy now, pay later group Zip have soared after the company posted record quarterly earnings and lifted earnings guidance for the full year.

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PM cuts short Asian fuel mission after refinery fire

PM cuts short Asian fuel mission after refinery fire

PM cuts short Asian fuel mission after refinery fire

PM cuts short Asian fuel mission after refinery fire

Anthony Albanese will return to Australia early from overseas following a major blaze at one of the nation's two remaining fuel refineries.

Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes.

Fresh fuel supply fears hosed down after refinery blaze

Fresh fuel supply fears hosed down after refinery blaze

Fresh fuel supply fears hosed down after refinery blaze

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.

Climate emitters opt for cheap offsets, few real cuts

Climate emitters opt for cheap offsets, few real cuts

Climate emitters opt for cheap offsets, few real cuts

Climate emitters opt for cheap offsets, few real cuts

Official figures suggest Australia's main industry decarbonisation tool is pushing polluters to rely on inexpensive offsets rather than actual emissions cuts.

Australia joins calls for Iran ceasefire to be upheld

Australia joins calls for Iran ceasefire to be upheld

Australia joins calls for Iran ceasefire to be upheld

Australia joins calls for Iran ceasefire to be upheld

A dozen finance ministers have signed a joint statement calling on the US, Israel and Iran to implement the ceasefire in full as the global economy teeters.

Prince Harry honours veterans during solo tour day

Prince Harry honours veterans during solo tour day

Prince Harry honours veterans during solo tour day

Prince Harry honours veterans during solo tour day

The Duke of Sussex has paid tribute to the power of sport in helping veterans overcome trauma, as his wife Meghan made a surprise return to television.

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Brunei pledges to strengthen fuel supply to Australia

Prime Minister Anthony Albanese has wrapped up his visit to Brunei by sealing a deal with the country's sultan for fuel to flow to Australia.

'Oil doesn't discriminate': businesses on shaky ground

Even if the Middle East conflict is resolved soon, Australia's business sector will take time to recover from a shaky start to 2026.

'Pretty severe': warnings for Australia ahead of budget

One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.

Fewer flights, higher fares take off for airline flyers

Australian airfares are set to stay higher for longer as experts predict neither of the nation's major carriers will cut prices until fuel-cost hikes subside.

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Trump-style social media vetting a 'phenomenal waste'

Coalition plans to screen visa applicants’ social media have been criticised as unrealistic due to the huge numbers of people applying for entry each month.

Finance giant lashed again for sending unstoppable spam

After failing to include a working unsubscribe option in thousands of spam messages, an Australian financial services giant has been hit with massive fines.

China-linked firm takes majority stake in Qld coal mine

Yancoal Australia is buying an 80 per cent stake in the Kestrel coking coal mine in central Queensland, Australia's largest underground coal mine.

IMF cuts outlook, warns of potential global recession

An extreme scenario in which the Iran conflict lingers could push the global economy to the brink of recession, the International Monetary Fund says.

Chronic housing shortage heaps more pain onto renters

Australian renters are spending a record share of their income on housing costs as a chronic shortage of stock drives prices higher across the nation.

Disney CEO announces job cuts expected to total 1000

Disney appears set to cut positions in its marketing group, studio and television business, ‌ESPN and ⁠certain corporate functions.

Albanese honours fallen soldiers ahead of Brunei talks

The prime minister has laid a wreath in honour of Australian soldiers killed during World War II after arriving in Brunei for talks to shore up fuel supply.

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