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Latest news: Economy, Business and Finance

Fuel costs to creep up as states back excise return

Fuel costs to creep up as states back excise return

Drivers will pay 16 cents a litre more for petrol and diesel from July as battles over taxes on fuel open up on multiple fronts.

Record cash splurge ahead of state's high-stakes budget

Record cash splurge ahead of state's high-stakes budget

Record cash splurge ahead of state's high-stakes budget

Record cash splurge ahead of state's high-stakes budget

A record building program looks set to collide with volatile coal royalties, weakening stamp duty and rising debt in a state government's high‑stakes budget.

Supplier sees signs illegal tobacco crackdown hits mark

Supplier sees signs illegal tobacco crackdown hits mark

Supplier sees signs illegal tobacco crackdown hits mark

Supplier sees signs illegal tobacco crackdown hits mark

Metcash is shrugging off a fairly lacklustre trading year triggered by geopolitical uncertainty and cost-of-living pressures by reporting signs of a pick-up.

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Shoe chain tells UK share predator offer is 'rejected'

Shoe chain tells UK share predator offer is 'rejected'

The owner of some of Australia's best-known footwear store chains has rejected a zero-premium takeover offer from a British retailer.

Australian economy 'drifting' despite natural gifts

Australian economy 'drifting' despite natural gifts

Weak productivity growth and stifling business conditions are preventing Australia from capitalising on its economic strengths, a think tank claims.

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Cost-of-living rhetoric is ramping up ahead of a state budget as leaders deliver warnings to energy companies.

Oil and milk prices to spill the tea on inflation story

Oil and milk prices to spill the tea on inflation story

The Australian Bureau of Statistics will this week release inflation and employment figures for May and a senior Reserve Bank official will speak.

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More fuel relief for motorists with halfway measure

More fuel relief for motorists with halfway measure

More fuel relief for motorists with halfway measure

More fuel relief for motorists with halfway measure

Motorists will receive an extended discount on fuel but the savings will be lower as the government weighs budget costs against higher bowser prices.

More uncertainty for farmers as El Nino declared

More uncertainty for farmers as El Nino declared

More uncertainty for farmers as El Nino declared

More uncertainty for farmers as El Nino declared

Australian producers have been urged to game plan for a drier, warmer winter and spring, but not panic, following the declaration of an active El Nino.

Small business, payments system brace for payday super

Small business, payments system brace for payday super

Small business, payments system brace for payday super

Small business, payments system brace for payday super

Australia's superannuation payment system is set for a major shake-up but small businesses warn unnecessary penalties could mar the road ahead.

'Dubious honour': consultancy giants cop trust barb

'Dubious honour': consultancy giants cop trust barb

'Dubious honour': consultancy giants cop trust barb

'Dubious honour': consultancy giants cop trust barb

A senator has been "gobsmacked" over the response by a former KPMG chief to a question over public trust of big consultancy firms at a federal inquiry.

Aussie shares scrape positive week despite mining rout

Aussie shares scrape positive week despite mining rout

Aussie shares scrape positive week despite mining rout

Aussie shares scrape positive week despite mining rout

Rising global inflation has lifted the odds more central banks will have to hike interest rates, fomenting dark clouds over future earnings growth.

'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

'We've made mistakes': KPMG bosses face interrogation

'We've made mistakes': KPMG bosses face interrogation

'We've made mistakes': KPMG bosses face interrogation

'We've made mistakes': KPMG bosses face interrogation

Past and present KPMG executives have had a tough day defending the firm under intense questioning from senators over an audit leak and whistleblower scandal.

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Tax carve-out backdown fails to cut it with businesses

Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.

Aussie shares snap four-day win streak as miners weigh

Miners, energy, real estate and IT stocks have dragged on the Australian stock exchange, amid a repricing of US interest rate expectations.

'Missed opportunity' to act on power plan loyalty tax

The electricity rule-maker has a plan to price power as simply as milk and prevent loyal customers from being overcharged, although some are calling for more.

US Fed begins Warsh era by keeping rates on hold

A statement by the US central bank, the first under chairman Kevin Warsh, has removed any guidance about future interest rate moves.

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Qantas picks London for record-breaking non-stop flight

Direct commercial flights between London and Sydney are set to fly for the first time from October 2027, Qantas says.

Shares reverse early losses as oil slide continues

BHP and Macquarie Group have hit new record highs, while gold stocks continue to rebound as easing geopolitical risks reinvigorate investors.

Payout ends Sandilands legal row as Jackie O's rolls on

Kyle Sandilands will get $12 million as his bitter legal fight with ARN comes to an end, but his former on-air partner is still chasing her chunk of change.

Olympic-sized cost for Games city's bridge revealed

Australia's biggest council has revealed the cost of restoring an Olympic host city's famous bridge, prompting pleas for state and federal financial help.

Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/26 earnings.

Huge win for coal miner after 'earthquake' blast

A coal company is off the hook for $200,000 in fines after successfully quashing convictions related to a mine blast which landed two workers in hospital.

Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

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