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Latest news: Economy, Business and Finance

Trump says Iran peace deal 'largely negotiated'

Trump says Iran peace deal 'largely negotiated'

The US ‌and Iran are ‌reportedly close to signing ‌a deal involving a 60-day ceasefire extension, ‌during which ‌the ⁠Strait of Hormuz would be reopened.

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.

Temporary fall in inflation won't ease RBA fears

Temporary fall in inflation won't ease RBA fears

Temporary fall in inflation won't ease RBA fears

Temporary fall in inflation won't ease RBA fears

A short-lived reduction in the fuel excise has provided some momentary price relief but inflation will only worsen without a resolution to supply blockages.

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As cemeteries fill, Australians choose forests

As cemeteries fill, Australians choose forests

Helen Rafferty would be "delighted" to be buried beneath the Wollemi pine she tended to for decades, says her husband, who decided her unusual resting place.

'Huge questions' over tax rebates for gas exploration

'Huge questions' over tax rebates for gas exploration

Millions in federal tax rebates are going towards gas exploration despite dubious eligibility under a scheme reserved for business innovation.

'Green fatigue' sweeps the ethical investments market

'Green fatigue' sweeps the ethical investments market

Retail money flows into funds adhering to an environmental, social and ethical investment framework have fallen sharply since peaking in 2021.

Australia’s remaining solarless roofs harder to crack

Australia’s remaining solarless roofs harder to crack

Converting to solar-powered, all-electric homes is proving challenging for apartment occupants and renters, and pressure to close the gap is building.

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'Like a sneeze': AI data centre boom spreads concern

'Like a sneeze': AI data centre boom spreads concern

'Like a sneeze': AI data centre boom spreads concern

'Like a sneeze': AI data centre boom spreads concern

More organisations are calling for a moratorium on data centres as their impact on water, energy and local communities remains in question.

Australian shares end volatile week on positive note

Australian shares end volatile week on positive note

Australian shares end volatile week on positive note

Australian shares end volatile week on positive note

Late rebounds in banks and miners have helped the ASX edge higher despite looming worries about energy prices and global inflation.

'Fake gas shortage': anger at premier's fracking threat

'Fake gas shortage': anger at premier's fracking threat

'Fake gas shortage': anger at premier's fracking threat

'Fake gas shortage': anger at premier's fracking threat

Conservationists have slammed a premier over his commentsabout a gas shortage and fracking in the Kimberley region if a Woodside gas project isn't developed.

Taco 'bout a bad time: Aussie chain ditches US ambition

Taco 'bout a bad time: Aussie chain ditches US ambition

Taco 'bout a bad time: Aussie chain ditches US ambition

Taco 'bout a bad time: Aussie chain ditches US ambition

Shares in an Aussie-born Mexican fast-food chain have surged after it ditched its plan to crack the competitive US market, where Chipotle and Taco Bell rule.

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

Bowen to back electrification at UN climate summit

Bowen to back electrification at UN climate summit

Bowen to back electrification at UN climate summit

Bowen to back electrification at UN climate summit

Australia and Turkey have revealed the global oil crisis will prompt a major focus on electrification at the United Nations climate talks in November.

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

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Shares bounce on peace deal hopes, rate expectations

A surprise uptick in employment has reduced the likelihood of a June interest rate hike, adding fuel to a local relief rally sparked by Iran peace deal hopes.

Jobless jump, Iran war shoot down fears of rate rise

The big four banks are tipping the Reserve Bank to hold interest rates steady at its next meeting after the jobless rate surged and as the Iran war hits home.

Hanson lashes gas tax 'vandalism', reveals energy plan

Australia should look to Norway to shore up sovereign wealth through gas, One Nation says, as the coalition urges the resources industry to "fight like hell".

Green light for 'globally significant' rare earths mine

Federal government backing has been crucial in the decision to build Australia's first ore-to-oxide rare earths project, the company's CEO says.

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'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

Beef lovers steer it home for billionaire-backed firm

Australian Agriculture Co has delivered its highest annual operating profit after strong consumer demand for Aussie beef pushed up prices, despite flood losses.

Australia backs historic United Nations climate vote

A United Nations vote on state climate change obligations has received overwhelming international support in a major win for its Pacific island proponents.

SpaceX reveals blockbuster initial public offering plan

Elon Musk's SpaceX has unveiled plans for one of the biggest sales of stock to the public ever with an initial offering that could make Musk a trillionaire.

Bold promises as Vivid festival lights up the sky

Sydney's Vivid Festival is back with organisers promising a bold new festival full of surprises, as global acts dazzle and drones light up the sky.

Fears rogue AI could lead to ultimate demise of humans

One of Labor's top economic minds has warned of a one-in-six chance of humans being wiped out in the next century, with AI or a pandemic the top risks.

Putin and Xi hail ties and energy trade at China talks

China and Russia's leaders have shared warm words and stressed their growing trade and energy ties at a summit in Beijing just days after Donald Trump's visit.

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