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Latest news: Economy, Business and Finance

Job market yet to feel impact of Iran war, rate hikes

Job market yet to feel impact of Iran war, rate hikes

Australia's relatively low jobless rate has reinforced the Reserve Bank's view the labour market is still tight, adding to the case for more rate hikes.

Fresh fuel supply fears hosed down after refinery blaze

Fresh fuel supply fears hosed down after refinery blaze

Fresh fuel supply fears hosed down after refinery blaze

Fresh fuel supply fears hosed down after refinery blaze

Australia will lean more heavily on fuel imports after a fire caused by a suspected gas leak ripped through one of the nation's two oil refineries.

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.

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Climate emitters opt for cheap offsets, few real cuts

Climate emitters opt for cheap offsets, few real cuts

Official figures suggest Australia's main industry decarbonisation tool is pushing polluters to rely on inexpensive offsets rather than actual emissions cuts.

Australia joins calls for Iran ceasefire to be upheld

Australia joins calls for Iran ceasefire to be upheld

A dozen finance ministers have signed a joint statement calling on the US, Israel and Iran to implement the ceasefire in full as the global economy teeters.

Prince Harry honours veterans during solo tour day

Prince Harry honours veterans during solo tour day

The Duke of Sussex has paid tribute to the power of sport in helping veterans overcome trauma, as his wife Meghan made a surprise return to television.

Brunei pledges to strengthen fuel supply to Australia

Brunei pledges to strengthen fuel supply to Australia

Prime Minister Anthony Albanese has wrapped up his visit to Brunei by sealing a deal with the country's sultan for fuel to flow to Australia.

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'Oil doesn't discriminate': businesses on shaky ground

'Oil doesn't discriminate': businesses on shaky ground

'Oil doesn't discriminate': businesses on shaky ground

'Oil doesn't discriminate': businesses on shaky ground

Even if the Middle East conflict is resolved soon, Australia's business sector will take time to recover from a shaky start to 2026.

'Pretty severe': warnings for Australia ahead of budget

'Pretty severe': warnings for Australia ahead of budget

'Pretty severe': warnings for Australia ahead of budget

'Pretty severe': warnings for Australia ahead of budget

One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.

Fewer flights, higher fares take off for airline flyers

Fewer flights, higher fares take off for airline flyers

Fewer flights, higher fares take off for airline flyers

Fewer flights, higher fares take off for airline flyers

Australian airfares are set to stay higher for longer as experts predict neither of the nation's major carriers will cut prices until fuel-cost hikes subside.

Trump-style social media vetting a 'phenomenal waste'

Trump-style social media vetting a 'phenomenal waste'

Trump-style social media vetting a 'phenomenal waste'

Trump-style social media vetting a 'phenomenal waste'

Coalition plans to screen visa applicants’ social media have been criticised as unrealistic due to the huge numbers of people applying for entry each month.

Finance giant lashed again for sending unstoppable spam

Finance giant lashed again for sending unstoppable spam

Finance giant lashed again for sending unstoppable spam

Finance giant lashed again for sending unstoppable spam

After failing to include a working unsubscribe option in thousands of spam messages, an Australian financial services giant has been hit with massive fines.

China-linked firm takes majority stake in Qld coal mine

China-linked firm takes majority stake in Qld coal mine

China-linked firm takes majority stake in Qld coal mine

China-linked firm takes majority stake in Qld coal mine

Yancoal Australia is buying an 80 per cent stake in the Kestrel coking coal mine in central Queensland, Australia's largest underground coal mine.

IMF cuts outlook, warns of potential global recession

IMF cuts outlook, warns of potential global recession

IMF cuts outlook, warns of potential global recession

IMF cuts outlook, warns of potential global recession

An extreme scenario in which the Iran conflict lingers could push the global economy to the brink of recession, the International Monetary Fund says.

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Chronic housing shortage heaps more pain onto renters

Australian renters are spending a record share of their income on housing costs as a chronic shortage of stock drives prices higher across the nation.

Disney CEO announces job cuts expected to total 1000

Disney appears set to cut positions in its marketing group, studio and television business, ‌ESPN and ⁠certain corporate functions.

Albanese honours fallen soldiers ahead of Brunei talks

The prime minister has laid a wreath in honour of Australian soldiers killed during World War II after arriving in Brunei for talks to shore up fuel supply.

Qantas route cuts will hit hard for regional travellers

Australians in regional areas will bear the brunt of increased airfares and reduced services as Qantas cuts routes in response to increasing fuel prices.

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RBA's stagflation nightmare: prices up, confidence down

Consumer and business confidence has taken a dive following the Iran conflict, highlighting the Reserve Bank's dual fears of falling activity and rising prices.

Unions lobby to unlock fuel cap for workers who drive

Australia's peak union body is calling for fuel allowances for workers to be increased to help them meet rising costs at the bowser.

War hits home for big Aussie bank as confidence slumps

One of the big four banks has become the first to reveal that the conflict in the Middle East is affecting its business, ahead of the May federal budget.

Future Fund set to join tech-related jobs cull

Australia's sovereign wealth fund will shave as much as $15 million in costs and review 10 staff roles as it reaps the benefits of improved technology.

Australia's existing LNG contracts might be the last

In a decarbonising world, Australian LNG exports are likely to be the first on the chopping block for customers with their own cheaper domestic gas supplies.

Iran threatens ports as US set to impose blockade

A showdown looms as the US prepares for a blockade of all Iranian ports and Iran warns that no port in the region will be safe if American forces carry it out.

Australian shares drop as US vows new oil blockade

The ASX has dropped 0.39 per cent and oil prices have jumped back above $US100 a barrel after Donald Trump announced a new blockade on the Strait of Hormuz.

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