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Latest news: Economy, Business and Finance

'Millionaires' factory' boss to leave with vast fortune

'Millionaires' factory' boss to leave with vast fortune

Macquarie Group shareholders have backed the pay of its chief executive, who will retire in November with company shares worth hundreds of millions of dollars.

Bank, credit cards details caught up in Origin breach

Bank, credit cards details caught up in Origin breach

Bank, credit cards details caught up in Origin breach

Bank, credit cards details caught up in Origin breach

Customer data, possibly including bank account and credit card details, may have been accessed in a cyberattack on an energy giant.

Shares trim gains as bets narrow on interest rate hike

Shares trim gains as bets narrow on interest rate hike

Shares trim gains as bets narrow on interest rate hike

Shares trim gains as bets narrow on interest rate hike

A sustained bounce in miners has pushed the ASX to a third session of gains but tightness in the labour market is putting pressure on the Reserve Bank.

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Surprise jobs jump gives RBA room to raise rates

Surprise jobs jump gives RBA room to raise rates

A larger-than expected rise in employment will not ease Reserve Bank fears about inflation as rising oil prices compound cost pressures.

Holy guacamole: Aussie avos set to smash supply records

Holy guacamole: Aussie avos set to smash supply records

The Australian avocado supply is forecast to smash records after a dip, in a-peeling news for lovers of the Sunday brunch staple.

How Glasgow changed the game on a bare-bones budget

How Glasgow changed the game on a bare-bones budget

In the space of 18 months, Glasgow has saved the Commonwealth Games from extinction while rewriting the script on how to stage a major sporting event.

Unit prices down as affordability shapes the market

Unit prices down as affordability shapes the market

New home value data from Domain shows unit prices across the country are decreasing at a far faster rate than last quarter.

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Miners and energy lift stocks but Iran risks remain

Miners and energy lift stocks but Iran risks remain

Miners and energy lift stocks but Iran risks remain

Miners and energy lift stocks but Iran risks remain

Gold, copper and oil prices have handed the local stock exchange a boost, but with nine sectors in the red it's clear that risk sentiment remains fragile.

Aussies spending over $500 a year on streaming services

Aussies spending over $500 a year on streaming services

Aussies spending over $500 a year on streaming services

Aussies spending over $500 a year on streaming services

Australians are spending more than ever on streaming services, with one in 10 users supporting five or more platforms each month.

Uranium supply deficit expected to increase prices

Uranium supply deficit expected to increase prices

Uranium supply deficit expected to increase prices

Uranium supply deficit expected to increase prices

With China, India and the United States all building more nuclear reactors, there's a looming deficit in the supply of uranium, according to one Aussie miner.

How trust in the RBA could help keep interest rates low

How trust in the RBA could help keep interest rates low

How trust in the RBA could help keep interest rates low

How trust in the RBA could help keep interest rates low

Increased knowledge and trust in the Reserve Bank correlates with lower expectations of inflation, which has implications for setting interest rates.

Home-building costs rise, but not as much as feared

Home-building costs rise, but not as much as feared

Home-building costs rise, but not as much as feared

Home-building costs rise, but not as much as feared

The cost of building a home in Australia increased by one per cent in the June quarter, as higher oil prices and supply chain disruptions hurt builders.

UK's Burnham targets power bills in first move as PM

UK's Burnham targets power bills in first move as PM

UK's Burnham targets power bills in first move as PM

UK's Burnham targets power bills in first move as PM

New Prime Minister Andy ‌Burnham will cut taxes on Britons' electricity bills as he attempts to deliver ‌on his promise to ease the UK's cost-of-living crisis.

Aussie shares trim losses, gold bounces on truce hopes

Aussie shares trim losses, gold bounces on truce hopes

Aussie shares trim losses, gold bounces on truce hopes

Aussie shares trim losses, gold bounces on truce hopes

Rising gold prices have helped support the Australian stock exchange following reports US and Iranian mediators are in talks to secure a new ceasefire.

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Robot dealership agents in EV maker's Australian pitch

Humanoid greeters in car dealerships and flying vehicles are among the latest pitches from a Chinese EV maker trying to crack the Australian market.

Supermarket giant fights watchdog over new powers

Theories of harm used to block a major supermarket chain from opening a new store in a regional city were not substantiated, a judge has heard.

Scandal-hit accounting firm names new chief executive

KPMG Australia chief financial officer John Sams will take over as its next chief executive, amid fallout from the misuse of confidential client data.

Gold miner to give investors a payout for first time

A company that's been operating for almost six decades is about to reward investors who hung around for its journey as it heads towards a significant milestone.

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Workers 'forced' to accept AI systems or leave jobs

The federal government's plans for AI are unrealistic and could put Australian workers at risk, including through unethical practices, an expert warns.

'Real desire': gas tax on the cards at Labor conference

Calls for a 25 per cent tax on gas exports could come to a head on the floor of Labor's national conference, as advocates say momentum is growing for the move.

Australian shares waver as oil surges on Iran conflict

A rally in energy stocks has helped counter a weak day for Australia's stock exchange, as conflict in the Persian Gulf weighs on investor confidence.

'Win-win': quick fix to stamp out AI-fuelled loan fraud

Allowing the tax office to share lenders' financial information with banks could help counter a surge in loan fraud fuelled by artificial intelligence.

US strikes Iran again, Iran says oil tankers exploded

The US has conducted a new round of airstrikes targeting Iran as Iran responds by launching an attack targeting Bahrain, the home of the US Navy's 5th Fleet.

Energy red tape could 'stall AI data centre boom'

Australia can rekindle the strong productivity growth of previous decades if it speeds up the adoption of AI, tech giant Anthropic says.

Jobs data tops economic agenda as Iran war re-escalates

Resilient jobs data is a bright spot for Australia's economy but the longer the Middle East conflict drags on, the worse the prospect for growth and inflation.

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