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Latest news: Economy, Business and Finance

Economists point to tariffs as US prices edge up

Economists point to tariffs as US prices edge up

US consumer prices have posted their biggest jump in five months in June, suggesting tariffs may be starting to heat up inflation.

Rising cost to build a wake-up call on housing dream

Rising cost to build a wake-up call on housing dream

Rising cost to build a wake-up call on housing dream

Rising cost to build a wake-up call on housing dream

Australians looking to build their own homes are facing a reality check as construction costs rise, with the increase likely to also weigh on inflation.

China hails PM's 'personal efforts' to restore ties

China hails PM's 'personal efforts' to restore ties

China hails PM's 'personal efforts' to restore ties

China hails PM's 'personal efforts' to restore ties

China's premier has applauded Anthony Albanese's efforts to restore Chinese-Australian relations after they had reached "a low point" in recent years.

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Consumer win in card surcharge cut as business bristles

Consumer win in card surcharge cut as business bristles

Scrapping surcharges could save Australians about $1.2 billion, but small businesses think they will have to foot the bill.

Lower tariff could give Aussie exports edge over rivals

Lower tariff could give Aussie exports edge over rivals

Beef and wine exporters from Australia could become bigger players in the US market as hefty trade tariffs are slapped on their market rivals.

Home truths on housing target in leaked Treasury advice

Home truths on housing target in leaked Treasury advice

Leaked advice on the government's new home target has failed to ruffle the treasurer, who says having an ambitious goal is better than building too few homes.

Trump seeks more concessions in EU trade deal talks

Trump seeks more concessions in EU trade deal talks

US President Donald Trump has seen some trade deal offers and thinks they need to be better, White House economic adviser Kevin Hassett says.

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PM urges work on green steel over red wine in China

PM urges work on green steel over red wine in China

PM urges work on green steel over red wine in China

PM urges work on green steel over red wine in China

Aussie-grown beef and Penfolds wine will be on the menu as Prime Minister Anthony Albanese addresses Chinese and Australian captains of industry in Shanghai.

Clouds of war shroud PM's sunny China tourism pitch

Clouds of war shroud PM's sunny China tourism pitch

Clouds of war shroud PM's sunny China tourism pitch

Clouds of war shroud PM's sunny China tourism pitch

The prime minister has called on an ex-Socceroo and a Chinese film star to promote Sino-Australian ties while facing an untimely reminder of regional tension.

All signs point to jobs market holding firm in new data

All signs point to jobs market holding firm in new data

All signs point to jobs market holding firm in new data

All signs point to jobs market holding firm in new data

Forward indicators suggest Australia's unusually low unemployment rate will stay steady in fresh data set to be released by the Australian Bureau of Statistics.

Trump intensifies trade war with threat of new tariffs

Trump intensifies trade war with threat of new tariffs

Trump intensifies trade war with threat of new tariffs

Trump intensifies trade war with threat of new tariffs

In an escalation of the global trade wars, US President Donald Trump has slapped the EU and Mexico with 30 per cent tariffs.

Fears heritage-listed rock art at risk from gas project

Fears heritage-listed rock art at risk from gas project

Fears heritage-listed rock art at risk from gas project

Fears heritage-listed rock art at risk from gas project

A vast collection of rock art has been recognised as a World Heritage site but advocates warn the engravings are under threat from industrial expansion.

EU waits as Trump keeps world guessing on tariff plans

EU waits as Trump keeps world guessing on tariff plans

EU waits as Trump keeps world guessing on tariff plans

EU waits as Trump keeps world guessing on tariff plans

European Union officials believe they may receive a letter from US President Donald Trump outlining tariff levels for the bloc.

Fire ants in coal mine sound agriculture alarm

Fire ants in coal mine sound agriculture alarm

Fire ants in coal mine sound agriculture alarm

Fire ants in coal mine sound agriculture alarm

Biosecurity authorities are on alert after destructive fire ants were found at a coal mine 800 kilometres from the previous infestation zone.

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Trump slaps big tariff on Canada, eyes hikes for others

In the latest salvo of US President Donald Trump's trade war, he wants to hit Canada with 35 per cent tariffs and other nations with levies up to 20 per cent.

Cryptocurrency bitcoin hits another record high

Bitcoin, the world's largest cryptocurrency, has risen to a record high value of $US113,734.

Evidence acidic pollution is damaging ancient rock art

Industrial emissions are likely to have degraded the world's largest and most diverse collection of Aboriginal rock art engravings, researchers warn.

Change to be forced on 'violent, misogynist' CFMEU

An administrator has vowed to sack more CFMEU members to initiate a culture change after a report exposed the union's aggressive intimidation tactics.

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Indigenous product makers taking home the chocolates

Demand for Indigenous products across the Asia-Pacific region is strong, as the founder of this chocolate manufacturing business well knows.

Trump sends more tariff letters after spat with Brazil

US President Donald Trump has issued a round of tariff letters to eight countries: the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, Sri Lanka and Brazil.

Affordability 'tipping point' nudges renters into units

A slowdown in rental growth even with still-low vacancy rates suggests renters have maxed out on what they can afford.

Trump threatens Aussie medicines with bitter tax pill

One of Australia's biggest US exports has been threatened with hefty tariffs, but many doubt whether Donald Trump will actually impose the measure.

Direct route for scammers as Qantas hack scale revealed

Almost six million Qantas customers could experience phishing scams for months to come as they learn what personal data has been exposed in a cyber attack.

Trump vows steep copper tariffs, broadens trade war

US President Donald Trump announced a 50 per cent tariff on copper and warned off a 200 per cent tariff on pharmaceuticals in his latest trade announcements.

Rates hold call cuts deep but bank governor offers hope

The central bank has defied expectations of an interest rate cut as it keeps its sights on inflation and jobs figures, but relief might not be far away.

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