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Latest news: Economy, Business and Finance

Billions in unworn clothes hanging in Aussie wardrobes

Billions in unworn clothes hanging in Aussie wardrobes

The hidden fashion fortune hiding in wardrobes across Australia is estimated to be worth tens of billions of dollars.

Treasurer putting Australia in New York's state of mind

Treasurer putting Australia in New York's state of mind

Treasurer putting Australia in New York's state of mind

Treasurer putting Australia in New York's state of mind

Australia's mineral wealth, renewable energy potential and unique regional positioning will be spruiked by the nation's treasurer to big money in the Big Apple.

Rates cut back in the works as jobless figure spikes

Rates cut back in the works as jobless figure spikes

Rates cut back in the works as jobless figure spikes

Rates cut back in the works as jobless figure spikes

An interest rate cut is back in the running on Melbourne Cup day as surprising unemployment figures offer borrowers hope of a home-loan victory.

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Trump ready to meet with Xi in South Korea: Bessent

Trump ready to meet with Xi in South Korea: Bessent

US Treasury Secretary Scott Bessent says President Donald Trump is ready to meet Chinese President Xi Jinping.

Nation's big home build already off target

Nation's big home build already off target

Construction is behind schedule by tens of thousands of homes, fresh figures reveal, after the first full year of a federal housing goal.

Who owns that company? Find out in 2028 for just $207m

Who owns that company? Find out in 2028 for just $207m

A new searchable company register list will allow the public to discover which people and firms own Australian companies.

Financial stress, dodgy service: telco issues dial up

Financial stress, dodgy service: telco issues dial up

The telecommunications ombudsman has found key increases in complaint numbers, as the industry reels from a triple-zero outage.

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Blow for borrowers as Reserve Bank curbs rate-cut hopes

Blow for borrowers as Reserve Bank curbs rate-cut hopes

Blow for borrowers as Reserve Bank curbs rate-cut hopes

Blow for borrowers as Reserve Bank curbs rate-cut hopes

Crucial economic data in coming weeks could determine when mortgage holders can expect more interest rate relief, the Reserve Bank board says.

Treasurer defends $4b hit from super tax backdown

Treasurer defends $4b hit from super tax backdown

Treasurer defends $4b hit from super tax backdown

Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

'Socially isolating': one in seven living in poverty

'Socially isolating': one in seven living in poverty

'Socially isolating': one in seven living in poverty

'Socially isolating': one in seven living in poverty

Charities and social services are calling for urgent action after a study showed one in seven Australians are living in poverty.

How a platform became the go-to charity hub in crises

How a platform became the go-to charity hub in crises

How a platform became the go-to charity hub in crises

How a platform became the go-to charity hub in crises

Australians are among the most generous people in the world, having donated more than $1 billion to lend a hand to those in need, a crowdfunding giant says.

'Victory for common sense': Labor backdown on super tax

'Victory for common sense': Labor backdown on super tax

'Victory for common sense': Labor backdown on super tax

'Victory for common sense': Labor backdown on super tax

A plan to increase tax on large super balances has been overhauled, with Labor saying they took feedback on its original plan seriously.

Trump softens tone as China-US trade tensions flare

Trump softens tone as China-US trade tensions flare

Trump softens tone as China-US trade tensions flare

Trump softens tone as China-US trade tensions flare

US President Donald Trump has taken a less confrontational approach in his latest social media post on trade tensions with China.

Reserve Bank to lay out reasons for not cutting rates

Reserve Bank to lay out reasons for not cutting rates

Reserve Bank to lay out reasons for not cutting rates

Reserve Bank to lay out reasons for not cutting rates

Australia's central bank will reveal what went on behind closed doors when it decided to keep the cash rate on hold, while key job figures are due for release.

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Critical minerals talk heats up before PM's US visit

Australia is keen to lock in a critical minerals deal with the US ahead of Anthony Albanese’s talks with Donald Trump and fears of China’s market dominance.

Lecornu explains reappointment as French prime minister

Reappointed French Prime Minister Sébastien Lecornu faces a Monday deadline to present the parliament with a budget.

Trump hits China with more tariffs as trade war builds

Donald Trump says the US will hike tariffs on imports from China to 100 per cent in retaliation for its new export limits on rare earth minerals.

'Climate vandalism': state under fire over energy plan

A state's energy plan has sparked outrage after pledging to keep coal-fired power plants open for decades, potentially putting pressure on emissions targets.

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Shaving red tape, inflation key to economic growth

The economy is in a "good spot" but one sector is proving more stubborn than expected, the boss of the Reserve Bank says.

PM says briefing on super tax plan was nothing unusual

The PM's office is briefed all the time on a range of issues, says Anthony Albanese after a hearing was told of conversations over a plan to tax super balances.

Pope Leo condemns wealthy living in a bubble of luxury

Pope Leo XIV has criticised how wealthy people live in a “bubble of comfort and luxury” while the poor suffer.

Winklevoss twins' crypto exchange launches in Australia

Crypto exchange Gemini says it views new regulations being developed by the federal government as a positive as it launches Australian services.

Landmark $5.8m penalty over health data cyber attack

A first-of-its-kind fine for the loss of 220,000 people's health data highlights a need to view cybercrime as more than just a technological risk, experts say.

First regulated Australian dollar stablecoin launched

Three former bankers who have launched the first licensed stablecoin pegged to the Australian dollar say such tokens will change traditional payments forever.

Olympic 2032 chiefs throw open billions for business

Brisbane 2032 Olympic Games organisers want the state's firms to hit gold with business opportunities, urging small to medium-sized operators to get involved.

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