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Latest news: Economy, Business and Finance

Australia exposed as China rewrites green economy

Australia exposed as China rewrites green economy

China is locking in its critical minerals and metals dominance via deep pocket investments in the Global South, leaving a shrinking role for Australian exports.

Safe as houses: home resale profits go through the roof

Safe as houses: home resale profits go through the roof

Safe as houses: home resale profits go through the roof

Safe as houses: home resale profits go through the roof

Record home sales profits are lining the pockets of people in the housing market, while pushing the price of admission beyond the means of ordinary Australians.

Royals celebrate another Danish-Australian star pairing

Royals celebrate another Danish-Australian star pairing

Royals celebrate another Danish-Australian star pairing

Royals celebrate another Danish-Australian star pairing

King Frederik and Queen Mary have admired the work of another Danish-Australian duo as the royals headed to an art exhibition at a trendy converted warehouse.

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Treasurer warns of major economic damage from Iran war

Treasurer warns of major economic damage from Iran war

Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.

Radio giant takes big bet in Sandilands contract fight

Radio giant takes big bet in Sandilands contract fight

Kyle Sandilands may have played a shrewd move after his axing by focusing attention on his radio masters rather than himself, legal experts say.

Incoming BHP boss calls on Australia to mend its ways

Incoming BHP boss calls on Australia to mend its ways

Australia needs to adopt more business-friendly policies on energy and labour if it is to compete for capital, the new boss of mining giant BHP says.

Investor tax-break cuts no 'silver bullet' for housing

Investor tax-break cuts no 'silver bullet' for housing

Winding back the capital gains tax discount could reduce property prices by about four per cent, compared to what they would be under a no-change scenario.

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Up there Queen Mary: royal kicks goals in MCG debut

Up there Queen Mary: royal kicks goals in MCG debut

Up there Queen Mary: royal kicks goals in MCG debut

Up there Queen Mary: royal kicks goals in MCG debut

Denmark's Queen Mary has lived out the dream of many Australians, booting a goal at the MCG as she met AFL players during a return to her home nation.

Collateral damage: war threatens to blow up inflation

Collateral damage: war threatens to blow up inflation

Collateral damage: war threatens to blow up inflation

Collateral damage: war threatens to blow up inflation

Domestic pressures were behind the Reserve Bank's decision to hike interest rates, governor Michele Bullock says, although the Iran war will worsen inflation.

Tax discount 'skewing' property market to investors

Tax discount 'skewing' property market to investors

Tax discount 'skewing' property market to investors

Tax discount 'skewing' property market to investors

A parliamentary report has found significant tax discounts on capital gains have tipped the scales in favour of investors compared to owner-occupiers

Radio silence for Sandilands as contract deadline looms

Radio silence for Sandilands as contract deadline looms

Radio silence for Sandilands as contract deadline looms

Radio silence for Sandilands as contract deadline looms

Embattled radio host Kyle Sandilands says he expects his employer to honour his multimillion-dollar contract as he waits to hear whether he will be fired.

Coal miner reaps price rise from Middle East conflict

Coal miner reaps price rise from Middle East conflict

Coal miner reaps price rise from Middle East conflict

Coal miner reaps price rise from Middle East conflict

Coalminer New Hope is experiencing a price lift for the black mineral from the war in the Middle East, after posting a sharp fall in interim profit.

Summer climate 'whiplash' hitting harder and faster

Summer climate 'whiplash' hitting harder and faster

Summer climate 'whiplash' hitting harder and faster

Summer climate 'whiplash' hitting harder and faster

Australia is seesawing between floods and fires with increasing frequency, leaving a trail of ecosystem stress, property damage and strained council budgets.

Trump-Xi meeting could be delayed, White House says

Trump-Xi meeting could be delayed, White House says

Trump-Xi meeting could be delayed, White House says

Trump-Xi meeting could be delayed, White House says

A White House spokeswoman says it is possible US President Donald Trump's visit to China could be delayed.

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Fuel tax cut urged to avoid fruit 'rotting on trees'

As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.

Past disruptions show Australian workers can weather AI

A federal government minister says Australia could see the creation of lots of jobs involving empathy and human connectedness as AI adoption increases.

Energy markets face uncertain environment: oil producer

The war in the Middle East is having wide-ranging impacts on markets, oil and gas producer Woodside has told investors at its annual sustainability briefing.

Emergency global stockpile oil coming soon, IEA says

Emergency oil reserves from Asia and Oceania ‌will be available immediately, the International Energy ‌Agency says as it details the release of stockpiles.

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Trump warns of more strikes on Iran's oil export hub

US President Donald Trump has warned of more strikes on Iran's Kharg Island as he pressures allies to send warships to help secure the Strait of Hormuz.

Startup putting lab-grown meat on more Aussie plates

The reviews are rolling in for the cultivated quail products gracing Australian plates in high-end restaurants after being grown in a lab.

Patrons unlikely to be refunded millions from festival

Patrons have vented their frustration after being told they are unlikely to get their money back from a long-running festival that was abruptly cancelled.

Blues fans see red as organisers pull plug on festival

A popular Australian festival has been abruptly cancelled three weeks before it was due to begin, blaming poor ticket sales and rising production costs.

'Broken and unfair': states urge change to GST carve-up

The cost to Australian taxpayers of a contentious GST carve-up will rise by another $6.6 billion in 2026/27, sparking fresh anger from critics of the deal.

Supercharged inequality: rich investors stifle budget

Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.

Tankers burn as Iranian strikes defy Trump's 'victory'

Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.

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