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Latest news: Economy, Business and Finance

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

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.

Atlassian workers in shock after AI-related layoffs

Atlassian workers in shock after AI-related layoffs

Atlassian workers in shock after AI-related layoffs

Atlassian workers in shock after AI-related layoffs

Almost 500 Atlassian employees in Australia are reeling after being told via email that their services are no longer required.

Big four banks predict three consecutive RBA rate hikes

Big four banks predict three consecutive RBA rate hikes

Big four banks predict three consecutive RBA rate hikes

Big four banks predict three consecutive RBA rate hikes

The Middle East conflict could prompt the Aussie dollar to plummet and the Reserve Bank to hike interest rates to 15-year highs in 2026, analysts say.

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Gassy, koala-threatening coal mine gets state stamp

Gassy, koala-threatening coal mine gets state stamp

Environmental groups are urging the federal government to act to prevent a coal mine emitting methane pollution and destroying koala habitat.

Lithium miner at 'inflection point' despite latest loss

Lithium miner at 'inflection point' despite latest loss

Rising electric vehicle and grid energy storage demand will continue to support lithium prices, a mineral miner's leader says as it targets consistent profits.

Data centre blackout risk spurs tougher standard call

Data centre blackout risk spurs tougher standard call

Data centres could soon be subject to stricter grid connection standards to protect Australia's network from blackouts and instability.

Iran fires at bases and ships despite intense strikes

Iran fires at bases and ships despite intense strikes

Explosions have rung out across the Mideast as Iran launched strikes and shook energy supplies, even after the US and Israel's most fierce attacks of the war.

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Iran conflict raises spectre of triple RBA rate hike

Iran conflict raises spectre of triple RBA rate hike

Iran conflict raises spectre of triple RBA rate hike

Iran conflict raises spectre of triple RBA rate hike

Households are being warned to brace for a second interest rate rise in as many months as three big banks react to comments from a top Reserve Bank official.

'Be bold': Spender urges income tax shake-up in budget

'Be bold': Spender urges income tax shake-up in budget

'Be bold': Spender urges income tax shake-up in budget

'Be bold': Spender urges income tax shake-up in budget

Australia's tax system needs to be rebalanced towards effort and ingenuity, independent MP Allegra Spender said as she launched her tax reform blueprint.

'Significant spikes': servos to face huge gouging fines

'Significant spikes': servos to face huge gouging fines

'Significant spikes': servos to face huge gouging fines

'Significant spikes': servos to face huge gouging fines

Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.

Former PM laments coalition's anti-climate 'religion'

Former PM laments coalition's anti-climate 'religion'

Former PM laments coalition's anti-climate 'religion'

Former PM laments coalition's anti-climate 'religion'

Opposition to taking action on climate change is intensifying and driven by ideology rather than engineering, says former prime minister Malcolm Turnbull.

Lululemon hit with hefty fine after spam email breaches

Lululemon hit with hefty fine after spam email breaches

Lululemon hit with hefty fine after spam email breaches

Lululemon hit with hefty fine after spam email breaches

A popular athleisure brand has copped a hefty fine for sending thousands of spam emails without giving the recipient the option to unsubscribe.

Super tax changes a 'down payment' for greater reform

Super tax changes a 'down payment' for greater reform

Super tax changes a 'down payment' for greater reform

Super tax changes a 'down payment' for greater reform

The Greens want the federal government to make the tax system fairer for young Australians in the budget after agreeing to pass changes to superannuation taxes.

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

UK MPs reject Aussie-style kids' social media ban

British MPs have rejected a proposed Australian-style ban on social media for under-16s that was being pursued by campaigners, including Hugh Grant.

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Khamenei's hardline son named as Iran's supreme leader

Mojtaba Khamenei, the hardline cleric son of Iran's slain supreme leader, has been named his successor as the US-Israel war with Iran sends oil prices ‌surging.

No ill winds blowing for renewables spending in budget

No cuts to the federal renewable energy program can be expected in the budget, assures the climate minister in response to a rumoured savings blitz.

Expanding Middle East war to loom over domestic economy

Petrol prices have already surged following conflict in the Middle East, raising the possibility of a hike in inflation.

Why AI's beginning doesn't mean the end of your career

Thousands of Australian jobs are on the chopping block as companies lean into artificial intelligence, forcing some workers to pivot or be left behind.

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More female tradies are key to building the future

From tears to trades - a privately educated woman found her purpose in a trade, reflecting a growing number of women picking up the tools.

Denmark has the word on energy but are we listening?

Australia will receive a masterclass from Denmark on its green energy transition when Queen Mary arrives for a state visit with a business delegation in tow.

US tariff refund system will be ready 'in 45 days'

A US customs official says a system is being prepared to process refunds on ‌illegally collected tariffs in 45 days without requiring ‌importers to sue.

Banks, miners the winners of a resilient earning season

After three years of declining profits, Australian corporations as a whole returned to growth this reporting season, led by banks including CBA and NAB.

Troubled smelter faces shutdown move by regulator

The national corporate regulator has moved to wind up a major smelter over failures to lodge annual financial reports.

China ramps up 'high stakes' tech race with the US

China has slightly lowered its economic growth target for 2026, leaving room for greater measures to address industrial overcapacity and rebalance the economy.

Wavering households ease urgency for more rate hikes

Economic data released this week will leave the Reserve Bank a little less concerned about underlying momentum in consumer demand, an economist says.

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