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Latest news: Economy, Business and Finance

Smashing barriers key to Labor's full employment vision

Smashing barriers key to Labor's full employment vision

The federal government wants to get as many people in the workforce as possible by dismantling any hurdles holding them back.

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Small businesses will soon be hit with additional charges if they choose to make cash deposits at the Commonwealth Bank.

Rex cuts flights, blaming rivals 'pillaging' pilots

Rex cuts flights, blaming rivals 'pillaging' pilots

Rex cuts flights, blaming rivals 'pillaging' pilots

Rex cuts flights, blaming rivals 'pillaging' pilots

Regional carrier Rex Airlines is blaming Qantas and other competitors for "pillaging" pilots as it further reduces flights between country towns and the cities.

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From dictator to trailblazer, MPs react to Murdoch move

From dictator to trailblazer, MPs react to Murdoch move

Politicians, many of whom have been in the firing line of Rupert Murdoch's media empire, have given mixed reactions to news of his retirement.

Parmis in peril as chicken workers strike at Inghams

Parmis in peril as chicken workers strike at Inghams

Workers demanding more pay have walked off the job at a major poultry producer, potentially limiting the supply of chickens at brands like McDonald's and KFC.

Federal budget back in black for first time in 15 years

Federal budget back in black for first time in 15 years

The Labor federal government has smashed its earlier forecasts for a budget surplus, although the treasurer says deficits are expected in coming years.

RBA governor could chair two boards under restructure

RBA governor could chair two boards under restructure

Treasurer Jim Chalmers says there are still a handful of issues the Reserve Bank and the government are working through from the review into the central bank.

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Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch steps down as News Corp, Fox Corp boss

Rupert Murdoch is stepping down as leader of both Fox’s parent company and his News Corp media holdings

Rent hikes send household spending through the roof

Rent hikes send household spending through the roof

Rent hikes send household spending through the roof

Rent hikes send household spending through the roof

Renters hit with substantial price hikes are having to find room in their budgets by spending less on essentials as well as discretionary goods.

Emerging 'green premiums' for Aussie critical minerals

Emerging 'green premiums' for Aussie critical minerals

Emerging 'green premiums' for Aussie critical minerals

Emerging 'green premiums' for Aussie critical minerals

Seed money from Australia's green bank often goes to solar and wind farms but mining is recognised as having a "crucial" role in efforts to decarbonise.

Frydenberg puts political return on hold for boardroom

Frydenberg puts political return on hold for boardroom

Frydenberg puts political return on hold for boardroom

Frydenberg puts political return on hold for boardroom

A parliamentary comeback at the next election is off the table for Josh Frydenberg as he takes on the role of Goldman Sachs Australia and New Zealand chairman.

Bank closures 'sad and frustrating' for rural towns

Bank closures 'sad and frustrating' for rural towns

Bank closures 'sad and frustrating' for rural towns

Bank closures 'sad and frustrating' for rural towns

Junee fought back when the Commonwealth Bank prepared to close the only bank in the NSW Riverina town, an inquiry has been told.

US Federal Reserve leaves interest rates unchanged

US Federal Reserve leaves interest rates unchanged

US Federal Reserve leaves interest rates unchanged

US Federal Reserve leaves interest rates unchanged

The US central bank has left its key interest rate unchanged for the second time in its past three meetings but signalled rates could be raised again this year.

Call to snuff out 'dead end' coal, hit net zero by 2040

Call to snuff out 'dead end' coal, hit net zero by 2040

Call to snuff out 'dead end' coal, hit net zero by 2040

Call to snuff out 'dead end' coal, hit net zero by 2040

Australia is lagging frontrunners on ending coal and must join big economies in accelerating efforts to get to net zero emissions, a global scorecard shows.

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Recipe for change as dry spell may eat into food prices

The declaration of an El Nino event alongside a second driver of dry weather could prove to be another spanner in the works in the fight against inflation.

Lithium producer 'almost died' before leading the pack

Mining bosses have been warned to expect more scrutiny from regulators and investors as the critical minerals sector rides out a "tumultuous" period.

Banks push back on mandates to stay in rural Australia

Increasing branch closures across rural Australia have raised the possibility of forcing banks to operate a minimum number of country outlets.

Australia's triple-A credit rating reaffirmed

S&P Global Ratings has again given Australia a triple-A credit rating, which the government says is due to responsible budget management.

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Heatwave, bushfires wreak havoc as threat moves north

Bushfires are burning across a number of states as a heatwave is forecast to move into Queensland and the Northern Territory, sparking a wave of warnings.

Treasurer to take fresh look at Future Fund

Australia's sovereign wealth fund could be in for a shake-up, including new personnel, as the Labor government continues its renewal of institutions.

Labor driving towards secure future with jobs roadmap

Treasurer Jim Chalmers is set to release the Employment White Paper setting out policies to put secure jobs in reach of more Australians.

Sharper China slowdown risks blunting Australian growth

The global economy is expected to keep slowing in response to higher interest rates, forecasts by a major global organisation show.

Perth rents rise fastest as housing supply dwindles

Rental prices are skyrocketing in Perth as home vacancy rates plummet amid chronic housing supply shortages and unprecedented demand for homelessness services.

Inflation cooling to plan but fuel on RBA's watchlist

The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.

WA signs $1 billion deal for renewable energy batteries

The WA premier says the state is set to become a global green energy superpower after it signed a deal for two big batteries worth more than $1 billion.

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