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Latest news: Economy, Business and Finance

Bold promises as Vivid festival lights up the sky

Bold promises as Vivid festival lights up the sky

Sydney's Vivid Festival is back with organisers promising a bold new festival full of surprises, as global acts dazzle and drones light up the sky.

Fears rogue AI could lead to ultimate demise of humans

Fears rogue AI could lead to ultimate demise of humans

Fears rogue AI could lead to ultimate demise of humans

Fears rogue AI could lead to ultimate demise of humans

One of Labor's top economic minds has warned of a one-in-six chance of humans being wiped out in the next century, with AI or a pandemic the top risks.

Putin and Xi hail ties and energy trade at China talks

Putin and Xi hail ties and energy trade at China talks

Putin and Xi hail ties and energy trade at China talks

Putin and Xi hail ties and energy trade at China talks

China and Russia's leaders have shared warm words and stressed their growing trade and energy ties at a summit in Beijing just days after Donald Trump's visit.

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Athletes in Airbnbs: Aussie homes line up for Olympics

Athletes in Airbnbs: Aussie homes line up for Olympics

Households will be prepared to sleep international athletes, officials and tourists as a hotels crunch leaves Brisbane short of beds for the 2032 Olympics.

Shares drop as rising inflation sparks broad sell-off

Shares drop as rising inflation sparks broad sell-off

Miners and banks have weighed heavily after a spike in bond yields hinted at major concerns about resurgent price growth and its impact on the world economy.

Australia's mining sector burning through more diesel

Australia's mining sector burning through more diesel

Despite a rising price of diesel driven by the Iran war, the mining industry is locked into the fuel type due to not being able to transition away.

Lithium price surge breathes life into shuttered mines

Lithium price surge breathes life into shuttered mines

Two shuttered lithium mines in the Northern Territory and Western Australia have resumed operations and corporate deals are on the rise.

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Travel booking site eyes rebound from market turbulence

Travel booking site eyes rebound from market turbulence

Travel booking site eyes rebound from market turbulence

Travel booking site eyes rebound from market turbulence

A major online travel booking company believes it can recover from a triple whammy after increasing its net annual profit in a shifting market.

Former Rex boss admits misleading profit message

Former Rex boss admits misleading profit message

Former Rex boss admits misleading profit message

Former Rex boss admits misleading profit message

In a win for the corporate watchdog, a regional airline's former executive chair has admitted a market publication he signed off on misled the investors.

Opera Australia $10m turnaround a result to sing about

Opera Australia $10m turnaround a result to sing about

Opera Australia $10m turnaround a result to sing about

Opera Australia $10m turnaround a result to sing about

Australia's biggest performing arts company Opera Australia has staged a major financial turnaround, returning to profit in 2025.

Skilled migrants could be key to more home construction

Skilled migrants could be key to more home construction

Skilled migrants could be key to more home construction

Skilled migrants could be key to more home construction

Fixing Australia's broken migrant skills recognition system could help ease the housing crisis and improve public confidence, politicians have been told.

Houses, town water supply sold in mining mega‑deal

Houses, town water supply sold in mining mega‑deal

Houses, town water supply sold in mining mega‑deal

Houses, town water supply sold in mining mega‑deal

A $5.8 billion mega-coal mining deal has all but put a town up for sale, handing the new owner the mines, hundreds of homes and crucial community services.

'No whammy': businesses hit back at budget tax overhaul

'No whammy': businesses hit back at budget tax overhaul

'No whammy': businesses hit back at budget tax overhaul

'No whammy': businesses hit back at budget tax overhaul

Tax experts are urging the states to shield businesses from higher costs as they restructure their assets after Labor's controversial federal budget.

Rates revelation: why RBA dissenter voted against hike

Rates revelation: why RBA dissenter voted against hike

Rates revelation: why RBA dissenter voted against hike

Rates revelation: why RBA dissenter voted against hike

The lone Reserve Bank board member who voted against lifting the cash rate in May was less concerned about inflation expectations than the bank's economists.

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No bears: software firm shrugs off AI 'apocalypse' fear

Software group Technology One has shrugged off worries about its exposure to an industry apocalypse, with its boss arguing it can emerge stronger than ever.

Australia secures more jet fuel shipments from China

An extra 100,000 litres of jet fuel will come through in three shipments from June, following negotiations with Beijing.

Proposed new airline could face squeeze from giants

Existing airlines won't roll over to make room for a proposed new competitor in their most profitable "Golden Triangle" routes, experts say.

Australian shares plunge to seven-week low

The Australian stock exchange has fallen to its lowest level since early April as surging oil prices and runaway price growth send jitters through bond markets.

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Rex board accused of knowing big loss about to take off

The corporate watchdog has taken a regional airline's former directors to court over allegations they misled investors about financial performance.

Musicians vanishing from Australia's major productions

Disney has cut parts from its orchestra and replaced them with synthesised keyboard technology, leaving local musicians out of a job.

Chinese interference claims spark forced miner sell-off

Six companies have been forced to sell their holdings in an Australian rare earths miner which has been the subject of boardroom tussles.

Budget brawl escalates over rival tax cut proposals

The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.

Land levy planned despite anti-'forever tax' pledge

A bid to overhaul emergency services funding could result in property owners paying hundreds of dollars for a land tax in one state.

Fuel excise extension weighed as states look to supply

The prime minister has left the door open to more tax relief at the bowser as state governments attempt to shore up their own fuel supplies.

The adopted family members being dumped in hard times

Looking after a family is difficult in a financial crisis but animal welfare groups are concerned about the growing number of pets being banished altogether.

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