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Latest news: Economy, Business and Finance

Home prices continue rising amid supply-demand mismatch

Home prices continue rising amid supply-demand mismatch

Home values have grown at the fastest rate in 15 months as the mismatch between supply and demand continues driving up prices.

Moves to crack down on supermarket 'shrinkflation'

Moves to crack down on supermarket 'shrinkflation'

Moves to crack down on supermarket 'shrinkflation'

Moves to crack down on supermarket 'shrinkflation'

The federal government is looking at ways to ensure consumers get more bang for their buck at the checkout, with a crackdown on "shrinkflation" on the cards.

'No-brainer' to end negative gearing on holiday rentals

'No-brainer' to end negative gearing on holiday rentals

'No-brainer' to end negative gearing on holiday rentals

'No-brainer' to end negative gearing on holiday rentals

A group of crossbenchers and Labor parliamentarians have heard ending negative gearing on short-stay rentals would boost housing affordability and the budget.

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It's not me, it's you: millions abandon the coalition

It's not me, it's you: millions abandon the coalition

Australians who had previously voted for the coalition, but refused to do so at the last election, have revealed why in a new research report.

'World is watching': high bar for 2035 climate goals

'World is watching': high bar for 2035 climate goals

Cutting emissions by 81 per cent by 2035 is "technologically and economically feasible" for Australia, a global climate think tank says.

Deadly Indonesian protests force U-turn on MPs' pay

Deadly Indonesian protests force U-turn on MPs' pay

Indonesian President Prabowo Subianto has responded to escalating protests, saying some perks and privileges granted to MPs will be revoked.

Nation's economic pulse check dominates data-heavy week

Nation's economic pulse check dominates data-heavy week

Australia's weak private sector could dampen the nation's economic recovery and cause GDP growth to undershoot the Reserve Bank's forecasts.

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Thai PM removed by court, triggering power scramble

Thai PM removed by court, triggering power scramble

Thai PM removed by court, triggering power scramble

Thai PM removed by court, triggering power scramble

A power struggle has erupted in Bangkok, after Thailand's Constitutional Court ousted Thai prime minister Paetongtarn Shinawatra.

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Uncertainty continues to swirl around Star Entertainment Group's future after the struggling casino operator posted another significant full-year loss.

Dead letter day: post boss says the end is nearing

Dead letter day: post boss says the end is nearing

Dead letter day: post boss says the end is nearing

Dead letter day: post boss says the end is nearing

Australians are posting letters at dwindling rates not seen in almost a century, as Australia Post's boss says the days of snail mail are numbered.

Social housing not just a 'nice thing to do'

Social housing not just a 'nice thing to do'

Social housing not just a 'nice thing to do'

Social housing not just a 'nice thing to do'

A housing minister says it was a mistake not to promote a major social housing initiative as a significant economic stimulus package.

Calls to power up energy workforce as shortfall looms

Calls to power up energy workforce as shortfall looms

Calls to power up energy workforce as shortfall looms

Calls to power up energy workforce as shortfall looms

Australia's clean energy future is at risk if it fails to meet fast-growing demand for energy, gas and renewables workers.

Qantas profit soars, reputation repairs 'on schedule'

Qantas profit soars, reputation repairs 'on schedule'

Qantas profit soars, reputation repairs 'on schedule'

Qantas profit soars, reputation repairs 'on schedule'

Australia's biggest airline has ordered a fleet of new jets as its profit takes flight and its CEO wins praise for tackling the company's battered reputation.

Business boost as more nuisance tariffs get the chop

Business boost as more nuisance tariffs get the chop

Business boost as more nuisance tariffs get the chop

Business boost as more nuisance tariffs get the chop

Another 500 nuisance tariffs on items such as tyres and wine glasses are set to be slashed, saving Australian businesses millions in compliance costs.

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What cost of living crisis? Kmart owner profit soars

Perth-based conglomerate Wesfarmers, which owns Kmart, Bunnings and Officeworks, has increased its dividend payout after delivering a $2.9 billion net profit.

Inflation 'quirks' unlikely to spook Reserve Bank board

Hopes of a rate cut have slipped after a shock surge in inflation, but it's not off the cards yet with more data to come before the next Reserve Bank meeting.

Workers, union line up for share of $90m Qantas fine

A judge is deciding who should get payouts from a $90 million Qantas fine after the airline was ordered to pay the record penalty for illegally sacking staff.

Shoppers check out of Woolies as Coles registers gains

Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.

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Flight Centre expects travel turbulence to continue

Flight Centre isn't expecting its profit to grow until 2026 after its 2024/25 earnings took a hit from Middle East hostilities and a downturn in US travel.

Australia, other countries face US anti-dumping duties

The US government has announced anti-dumping and countervailing duties against 10 trading partners including Australia after a probe into steel products.

Watchdog sets sights on protecting retirees' pensions

Superannuation firms exploiting members in retirement and allowing them to invest in high-risk funds will be the target of Australia's corporate watchdog.

Fast or gradual: RBA debate shapes rates outlook

A debate inside the Reserve Bank board over the tightness of Australia's labour market could determine how quickly it moves to cut interest rates.

Buying frenzy for Coles shares after bumper sales year

Coles shares posted their best single-day gains in more than five years after the supermarket giant announced strong sales growth and a billion-dollar profit.

Mail mess as Australia Post stamps out US deliveries

Businesses are counting the cost of Australia Post suddenly suspending many deliveries to the US and Puerto Rico because of import tariff rules changes.

Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

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