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Latest news: Economy, Business and Finance

Productivity a tough puzzle for central bank boffins

Productivity a tough puzzle for central bank boffins

The Reserve Bank of Australia has delivered a pessimistic assessment of Australia's productivity potential, ahead of the government's economic roundtable.

NBN users gorge on fibre for healthier download speeds

NBN users gorge on fibre for healthier download speeds

NBN users gorge on fibre for healthier download speeds

NBN users gorge on fibre for healthier download speeds

Technology upgrades are transforming how Australian's connect to the internet, as the NBN Co's full-year results show many premises are using fibre.

US and China extend tariff truce by 90 days to November

US and China extend tariff truce by 90 days to November

US and China extend tariff truce by 90 days to November

US and China extend tariff truce by 90 days to November

The US and China have extended their trade truce until November 10, just hours before a jump in tariffs had been set to take effect.

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Rebooted plastic scheme could hike groceries cost

Rebooted plastic scheme could hike groceries cost

Consumers could face higher prices for goods wrapped in soft plastic as plans for a much-anticipated recycling scheme are revealed.

Hopes RBA won't repeat shock rates hold as board meets

Hopes RBA won't repeat shock rates hold as board meets

The "Trumpification" of the US Federal Reserve provides an unsettling backdrop to the Reserve Bank's August meeting, where it is expected to cut interest rates.

Mortgage holders ready for relief after past rates blow

Mortgage holders ready for relief after past rates blow

The Reserve Bank of Australia board is expected to deliver mortgage holders more hip-pocket relief in its upcoming interest rates decision.

Don't tough it out: tradies' mental health in focus

Don't tough it out: tradies' mental health in focus

For years, tradies were told to "toughen up and live with it" if they faced mental health challenges, but now the industry is tackling them head-on.

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Fears FIFO work will turn gold towns into ghost towns

Fears FIFO work will turn gold towns into ghost towns

Fears FIFO work will turn gold towns into ghost towns

Fears FIFO work will turn gold towns into ghost towns

Miners and regional residents are calling for tax incentives and faster housing approvals to bring in more long-term workers and halt the decline of towns.

Australia and New Zealand embrace in 'uncertain world'

Australia and New Zealand embrace in 'uncertain world'

Australia and New Zealand embrace in 'uncertain world'

Australia and New Zealand embrace in 'uncertain world'

Regional security and global uncertainty are dominating discussions during annual talks between Anthony Albanese and his New Zealand counterpart.

Rates take back seat to affordability for home buyers

Rates take back seat to affordability for home buyers

Rates take back seat to affordability for home buyers

Rates take back seat to affordability for home buyers

Interest rates might be weighing less on Australians' decision to buy or sell a property, with affordability now ranked as the leading influence.

'More gruelling, precarious': climate biting workforce

'More gruelling, precarious': climate biting workforce

'More gruelling, precarious': climate biting workforce

'More gruelling, precarious': climate biting workforce

From disrupted trucking routes to teaching in hot classrooms, the changing climate is already being keenly felt by Australian workers.

'Struggling more than ever': Debt reaches six-year high

'Struggling more than ever': Debt reaches six-year high

'Struggling more than ever': Debt reaches six-year high

'Struggling more than ever': Debt reaches six-year high

The number of Australians seeking help with debt has reached a record high as housing stress and utility costs weigh on budgets.

Rethink on rules for everyday items could spur economy

Rethink on rules for everyday items could spur economy

Rethink on rules for everyday items could spur economy

Rethink on rules for everyday items could spur economy

Australia could ease business burdens and save consumers billions every year by ensuring requirements for everyday products align with international standards.

Trump's higher tariffs spark defiance and concern

Trump's higher tariffs spark defiance and concern

Trump's higher tariffs spark defiance and concern

Trump's higher tariffs spark defiance and concern

US President Donald Trump's higher tariffs on imports from dozens of countries have kicked in.

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Labor opens door to PwC after tax scandal

Restrictions on consulting firm PwC's ability to bid for government work have been lifted after a shocking tax scandal and allegations it misused information.

Plan to lift GST must come with lower income tax burden

A bid to strengthen the budget and improve productivity could increase the tax burden on Australians unless a balanced approach is taken, an economist warns.

Trump's higher tariffs hit goods from trading partners

Donald Trump's higher import taxes on goods from more 60 nations are taking effect.

Trump says he plans 100pct tariff on computer chips

US President Donald Trump says he's imposing a 100 per cent tariff on computer chips for companies that don't make them in America.

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More gold jackpots lurking in WA dirt, top miner says

The mining industry's "Dealer of the Year", Simon Lill, says there are more gold deposits of the scale of his huge Hemi find out there for prospectors.

Telcos still failing to support struggling customers

Requests for help from customers experiencing financial hardship have been continually rejected by major telcos, according to the industry ombudsman's report.

Novo Nordisk warns of layoffs as pressure mounts

Danish pharmaceutical giant Novo Nordisk, Europe's most valuable company, is eyeing potential cost-cutting measures.

US memo urges countries to reject UN plastic caps

Hopes for a "last-chance" ambitious global treaty that tackles the full life cycle of plastic pollution have dimmed.

Modi to visit China for first time in seven years

Donald Trump's unpredictability appears to have helped China and India overcome their niggles, with Indian Prime Minister Narendra Modi planning a visit.

Union alarm as mining giant mulls sick leave overhaul

Proposed changes to the sick leave policy for thousands of Rio Tinto workers has sparked union concerns other employee entitlements will also be targeted.

Australia to take 'sensible, middle path' on AI control

Artificial intelligence has emerged as a potential answer to Australia's dwindling productivity but concerns have been raised over its impact on workers.

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