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Latest news: Economy, Business and Finance

Small businesses under pressure from soaring costs

Small businesses under pressure from soaring costs

Key costs for Australian small businesses have climbed by 24.6 per cent since the start of the COVID-19 pandemic, according to research by AMP Bank Go.

US came for our rare earths, will be back for more

US came for our rare earths, will be back for more

US came for our rare earths, will be back for more

US came for our rare earths, will be back for more

A former ambassador to the US has touted Australia's mining resource advantages, saying they will attract more capital from the US and UK.

Miners urged to 'just say yes' to Indigenous workers

Miners urged to 'just say yes' to Indigenous workers

Miners urged to 'just say yes' to Indigenous workers

Miners urged to 'just say yes' to Indigenous workers

The head of an Indigenous labour and training hire company has called on Goldfields region mining companies to work with him for his community.

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City drivers to cop first sting of end to fuel discount

City drivers to cop first sting of end to fuel discount

Households and businesses are bracing for more cost-of-living pressure as the government's fuel excise pause ends, pushing prices for petrol and diesel higher.

Aussie shares edge higher as iron ore tumbles

Aussie shares edge higher as iron ore tumbles

The ASX has started the week on a positive footing after hopes of US-Iran peace talks lifted risk sentiment, while iron ore prices fell to 13-month lows.

Housing affordability rises as price downturn continues

Housing affordability rises as price downturn continues

Home values have fallen at their fastest monthly rate in almost four years as an economist suggests prices could grow more slowly than incomes for a decade.

Escorts, drugs: big-spending gamblers' inducements

Escorts, drugs: big-spending gamblers' inducements

Gambling reform advocates have issued a plea to the government to stamp out the predatory behaviour of major betting companies.

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Tech giants to face higher payments for news content

Tech giants to face higher payments for news content

Tech giants to face higher payments for news content

Tech giants to face higher payments for news content

The assistant treasurer has downplayed fears Labor's news bargaining incentives could impact trade deals with the US.

Australia's second share exchange changes hands

Australia's second share exchange changes hands

Australia's second share exchange changes hands

Australia's second share exchange changes hands

Cboe Australia, formerly known as Chi-X Australia, has been purchased by the parent company of the Toronto Stock Exchange for $426 million.

AI-assisted staging draws boos at Wagner festival

AI-assisted staging draws boos at Wagner festival

AI-assisted staging draws boos at Wagner festival

AI-assisted staging draws boos at Wagner festival

The audience at the Richard Wagner festival in Germany has booed after AI-assisted projections were used in the staging of the prestigious annual event.

Household spending in spotlight as Iran war drags on

Household spending in spotlight as Iran war drags on

Household spending in spotlight as Iran war drags on

Household spending in spotlight as Iran war drags on

Data showing how households are managing the fallout from shaky global conditions caused by conflict in the Middle East is set to be closely scrutinised.

Rock star Elder hails Gove mining closure as land win

Rock star Elder hails Gove mining closure as land win

Rock star Elder hails Gove mining closure as land win

Rock star Elder hails Gove mining closure as land win

The end of mining at Gove is a chance to reclaim Yolŋu land, an Indigenous Elder says, and turn Rio Tinto’s old fuel tanks into a national storage hub.

Are the stars aligning? High hopes for profit season

Are the stars aligning? High hopes for profit season

Are the stars aligning? High hopes for profit season

Are the stars aligning? High hopes for profit season

Australia's biggest companies are poised to snap a three-year run of lacklustre profits, but there are concerns about the banking sector this earnings season.

Motorists urged off panic buying as excise cuts end

Motorists urged off panic buying as excise cuts end

Motorists urged off panic buying as excise cuts end

Motorists urged off panic buying as excise cuts end

Australians will likely be paying up to 16 cents per litre more for petrol as excise cuts come to an end but servos are still on notice to avoid price gouging.

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Migrant tradies a net benefit to housing, say builders

The building industry is pushing for a better skilled migration intake having totalled how many homes a migrant tradie could help build in their career.

Vibe check for outback town as corporate suits descend

Laid-back residents of Australia's gold capital are about to be inundated by business types in suits and RM Williams boots as a mining forum comes to town.

Shares scupper early lead but book four months of gains

Mining stocks have helped support the Australian stock market in a disappointing end to the week, after a tech-focused charge left the local exchange wanting.

'Devastating' regional layoffs as employer shifts blame

A regional paper mill has blamed the loss of more than 80 jobs on a state government's failure to provide wood under an abandoned supply agreement.

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Andrew Forrest's Fortescue flags major asset writedown

Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.

Indigenous community rejects $150 million mining payout

An Indigenous community has rejected $150 million in compensation from mining giant Fortescue for operating on their land without proper consent.

Shares fall from multi-month high as confidence wanes

The ASX has handed back most of Wednesday's gains, as fresh strikes between the US and Iran stoked fears about global inflation and growth.

Housing approvals rebound, but still behind targets

The number of dwellings granted approval has hit a five-year high, but national housing levels still lag behind federal targets.

'Softer than we thought': RBA's admission on inflation

The Reserve Bank's chief economist has admitted inflation predictions came in lower than expected due to volatility with the fuel market.

Optus sued by watchdog over triple-zero network outage

The telecommunications regulator has revealed it will take Optus to court over a major network outage which affected hundreds of triple-zero calls.

Fuel seller eyes massive earnings lift due to conflict

The company that owns one of Australia's two oil refineries says the Middle East war underscores the need to keep that capability, as the conflict continues.

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