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Latest news: Economy, Business and Finance

Trump deciding trade deals by August 1: Lutnick

Trump deciding trade deals by August 1: Lutnick

US President Donald Trump will decide on trade deals this week as talks with China and the European Union continue, US Commerce chief Howard Lutnick says.

Nation urged to increase spending on AI storage

Nation urged to increase spending on AI storage

Nation urged to increase spending on AI storage

Nation urged to increase spending on AI storage

Australia lacks the data storage capacity to take advantage of artificial intelligence and the nation's productivity could suffer as a result, experts warn.

Unions call for stricter AI restrictions in workplaces

Unions call for stricter AI restrictions in workplaces

Unions call for stricter AI restrictions in workplaces

Unions call for stricter AI restrictions in workplaces

The ACTU is calling for tougher regulations to protect jobs during the rollout of artificial intelligence in the workplace.

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Trump considering 'world tariff' of 15-20 per cent

Trump considering 'world tariff' of 15-20 per cent

Most countries will likely face tariffs of 15 per cent to 20 per cent on their exports to the United States, US President Donald Trump says.

Banks forced to take action on high-fee accounts

Banks forced to take action on high-fee accounts

Banks must ask themselves some 'difficult questions' following a review by ASIC, which has resulted in refunds totalling millions for low-income customers.

US, China to launch new talks on tariff truce extension

US, China to launch new talks on tariff truce extension

The US and China sides will refrain from introducing new tariffs or other steps that could escalate the trade war for another 90 days, a report says.

Trump agrees outline trade deal with EU's von der Leyen

Trump agrees outline trade deal with EU's von der Leyen

US President Donald Trump and EU Commission chief Ursula von der Leyen have agreed to the framework of a trade deal fixing tariffs at 15 per cent on EU goods.

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Aussies missing out on payoff from research investment

Aussies missing out on payoff from research investment

Aussies missing out on payoff from research investment

Aussies missing out on payoff from research investment

Australian tech darlings Cochlear and Atlassian have lent their voices to a push to revamp research and development investment and reboot stagnant productivity.

West is best economically as eastern states left behind

West is best economically as eastern states left behind

West is best economically as eastern states left behind

West is best economically as eastern states left behind

Western Australia remains the top economic performer in CommSec's State of the States rankings, but its "breakneck" growth is starting to lose momentum.

The piece of data that could decide next rate decision

The piece of data that could decide next rate decision

The piece of data that could decide next rate decision

The piece of data that could decide next rate decision

Quarterly inflation data will dominate the economic agenda this week, while dwelling approvals, retail sales and property price figures will also be revealed.

EU chief heads to Scotland for trade talks with Trump

EU chief heads to Scotland for trade talks with Trump

EU chief heads to Scotland for trade talks with Trump

EU chief heads to Scotland for trade talks with Trump

Donald Trump is set to meet with EU Commission head Ursula von der Leyen in a bid to hash out what could be the Trump administration's biggest trade deal yet.

Tourist mecca fighting to turn tide on Mother Nature

Tourist mecca fighting to turn tide on Mother Nature

Tourist mecca fighting to turn tide on Mother Nature

Tourist mecca fighting to turn tide on Mother Nature

The Gold Coast could be pushing sand uphill as it works to restore beaches eroded by ex-Tropical Cyclone Alfred.

US steaks on the barbie: Trump smug on Aust beef u-turn

US steaks on the barbie: Trump smug on Aust beef u-turn

US steaks on the barbie: Trump smug on Aust beef u-turn

US steaks on the barbie: Trump smug on Aust beef u-turn

US President Donald Trump is celebrating Australia's backdown on US beef, but experts doubt America will be able to sell substantial amounts Down Under.

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Creators trying to make 'wage slaves' care about tax

Content creators have mingled with economists at a tax roundtable at Parliament House hosted by teal MP Allegra Spender to get the message to a new audience.

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Workers could be $14,000 ahead under a growth mindset

Australia's productivity tsar says Australian workers would be $14,000 better off each year in the long run if the nation treads the right path on reform.

UK, Australia to ink new AUKUS deal amid US uncertainty

The United Kingdom will sign a new 50-year bilateral AUKUS treaty with Australia during ministerial talks in Sydney.

Trump and Powell bicker over cost of Fed building reno

President Donald Trump and Federal Reserve Chair Jerome Powell are bickering face-to-face over the cost of the building renovations.

Families paying premiums for school catchment zones

Homes within sought-after school catchments are selling for millions of dollars, but data shows this does not always lead to stronger capital growth.

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Bank hit with first strike as shareholders push back

Shareholders in Australia's largest investment bank have expressed their concerns over the firm's pay report, resulting in Macquarie's first-ever strike.

RBA not swayed by jobless spike as next rate call looms

Reserve Bank governor Michelle Bullock has pushed back on rate cut expectations and weighed in on Donald Trump's pressure on Fed chair Jerome Powell.

Aboriginal women's service tackling financial abuse

A grant of up to $200,000 will help an Aboriginal women's service tackle financial abuse in their community and build independence for survivors.

Axing of US beef ban sparks call for independent review

Australia's surprise decision to open the door to more US beef imports has prompted calls for an independent review amid biosecurity concerns.

Copper smelter rescue talks approach melting point

Closure of a copper smelter and refinery would be a "national disgrace" says a treasurer calling for their operator and federal government to come to the table.

Trump to make his presence felt at the Federal Reserve

US President Donald Trump will shortly be visiting the Federal Reserve, the central bank led by Chair Jerome Powell, who he's derided as 'a numbskull'

Tesla profit plunges as Musk turns buyers off

The fallout from Elon Musk’s political leanings is still hurting his Tesla business with both sales and profits falling sharply.

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