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Latest news: Economy, Business and Finance

'Time has come': Shorten backs budget's broken promise

'Time has come': Shorten backs budget's broken promise

After unsuccessfully campaigning on negative gearing changes while Labor leader, Bill Shorten says he would welcome a policy shift in the federal budget.

Calls for options in budget to ease pressure on parents

Calls for options in budget to ease pressure on parents

Calls for options in budget to ease pressure on parents

Calls for options in budget to ease pressure on parents

Parents are hoping the federal budget will include more choice, transparency and reform when it comes to child care by providing more subsidy options.

'Need to do more': Labor to lift lid on housing reform

'Need to do more': Labor to lift lid on housing reform

'Need to do more': Labor to lift lid on housing reform

'Need to do more': Labor to lift lid on housing reform

Australians are under financial pressure and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.

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Budget boost to tackle growing ranks of homeless youth

Budget boost to tackle growing ranks of homeless youth

Helping homeless young Australians to find a place to live is the aim of a $60 million federal budget measure to even the odds of renting a room.

Rail project axing pulls 'economic rug' from regions

Rail project axing pulls 'economic rug' from regions

The Nationals have urged the federal government not to scrap billions of dollars of funding for the inland rail project ahead of the federal budget.

Aussie shares drop as ceasefire frays, CSL plunges

Aussie shares drop as ceasefire frays, CSL plunges

Local shares have slid after Donald Trump called Iran's peace offer "totally unacceptable" and a local biotech company downgraded its earnings guidance.

Gas project model pours cold water on emissions goal

Gas project model pours cold water on emissions goal

Modelling examining a $48 billion-plus offshore gas proposal has drawn conclusions on the likelihood of a major state reaching a 2050 emissions target.

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'Troubling' crackdowns no fix to homelessness crisis

'Troubling' crackdowns no fix to homelessness crisis

'Troubling' crackdowns no fix to homelessness crisis

'Troubling' crackdowns no fix to homelessness crisis

Strained by chronic housing supply challenges, a leading researcher has warned councils against forcibly removing their homeless populations.

Grandfather of Inland Rail won’t let project die

Grandfather of Inland Rail won’t let project die

Grandfather of Inland Rail won’t let project die

Grandfather of Inland Rail won’t let project die

The so‑called grandfather of Inland Rail says the half‑built 'train to nowhere' can still be saved, pitching a private plan to finish the route.

ASX endures worst session since mid-March as $43b wiped

ASX endures worst session since mid-March as $43b wiped

ASX endures worst session since mid-March as $43b wiped

ASX endures worst session since mid-March as $43b wiped

The local bourse closed the week just up after a sharp sell-off on Friday erased several sessions of gains, as fighting reignited between the US and Iran.

'Get back to work': backlash over bureaucrat job freeze

'Get back to work': backlash over bureaucrat job freeze

'Get back to work': backlash over bureaucrat job freeze

'Get back to work': backlash over bureaucrat job freeze

A would-be premier has chided public servants protesting her 10-year hiring freeze plan, insisting it won't lead to sackings or compromise service delivery.

Data breach fears grow as suspected ransom note appears

Data breach fears grow as suspected ransom note appears

Data breach fears grow as suspected ransom note appears

Data breach fears grow as suspected ransom note appears

Names, email addresses and school locations are believed to have been compromised in a global data breach affecting Australian education providers.

Investment bank Macquarie posts second-highest profit

Investment bank Macquarie posts second-highest profit

Investment bank Macquarie posts second-highest profit

Investment bank Macquarie posts second-highest profit

Macquarie Group has beaten expectations with a $4.8 billion annual profit, half of which the investment bank will return to shareholders.

'Spendthrift' sandgropers trigger GST allowance critics

'Spendthrift' sandgropers trigger GST allowance critics

'Spendthrift' sandgropers trigger GST allowance critics

'Spendthrift' sandgropers trigger GST allowance critics

The scale of cash handouts in the Western Australian budget has infuriated some economists, who argue they are provocatively inflationary.

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Weapon-maker investments stoke warnings for Future Fund

Australia has been urged to adjust its sovereign wealth fund after hefty investments in weapons companies and banks involved in illegal Israeli settlements.

Fuel bonus as WA posts eighth straight budget surplus

More than $1 billion in cost-of-living relief will be shared in Western Australia as the state capitalises on an iron ore uplift to bank another budget surplus.

Pacific island nation charts path to diesel freedom

A major renewables partnership is in the works for Nauru as the diesel-dependent nation seeks emancipation from energy markets while cutting emissions.

What Avril Lavigne can teach Chalmers ahead of budget

The best thing the federal government can do to boost productivity in the budget is to make things less complicated for businesses, a top economist says.

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Miners lead Aussie shares higher on peace hopes

Hopes of de-escalating tensions between the US and Iran have lifted investor sentiment, boosting mining stocks as energy and utilities tumble.

Rio Tinto blamed for drying sacred Indigenous waterhole

Traditional Owners are calling on Rio Tinto to curb its water use as they accuse the miner of over-pumping from a sacred waterhole that's finally run dry.

Strong gold and copper prices support explosive demand

Blasting solutions company Orica has banked record returns thanks to strong commodity prices and largely dodging supply impacts from the Middles East conflict.

CNN founder Ted Turner dies at the age of 87

Jane Fonda has paid tribute to Ted Turner, her ex-husband and the founder of US news network CNN, after his death aged 87.

Kyle and Jackie O's former home left counting the cost

"Brand safety concerns" by national advertisers cost the radio station company that ran the Kyle and Jackie O Show about $26.4 million in a year.

Lenders told to 'support customers' facing hard times

Lenders must watch out for customers because the corporate regulator won't take a backward step as households face hardship, the outgoing ASIC chair will warn.

Supermarket brings back soft plastics collection points

A supermarket giant says its scheme to collect and recycle soft plastic packaging from consumers is available in 700 of its stores across five states.

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