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Latest news: Economy, Business and Finance

'Unreasonable' delay in decision to protect rock art

'Unreasonable' delay in decision to protect rock art

The federal environment minister has taken an unreasonably long time to determine an application to protect rock art near a gas plant, a court has found.

Santos extends deadline for $36b takeover for 2nd time

Santos extends deadline for $36b takeover for 2nd time

Santos extends deadline for $36b takeover for 2nd time

Santos extends deadline for $36b takeover for 2nd time

Santos has granted the Abu Dhabi National Oil Company and investment group Carlyle a second extension to firm up its $36 billion tentative takeover offer.

BWS owner cuts dividend as Aussies avoid booze splurge

BWS owner cuts dividend as Aussies avoid booze splurge

BWS owner cuts dividend as Aussies avoid booze splurge

BWS owner cuts dividend as Aussies avoid booze splurge

Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.

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Bank customers more scam savvy as fraud losses fall

Bank customers more scam savvy as fraud losses fall

Australian bank customers are losing less money to scams as they gain more knowledge about grifts and banks boost defences.

Clashes as asylum protests take place across the UK

Clashes as asylum protests take place across the UK

Police have clashed with protesters in multiple cities across the UK amid continued tension around accommodating asylum seekers in hotels.

Inflation update to shape further rate cut expectations

Inflation update to shape further rate cut expectations

A particularly weak inflation print on Wednesday could raise hopes for a back-to-back Reserve Bank interest rate cut next month.

Tax perks on super for retirees 'deserved': treasurer

Tax perks on super for retirees 'deserved': treasurer

As the government considers tax changes to give younger generations a break, concessions on super for retirees are still fair, Jim Chalmers says.

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Warning building rule book freeze not consequence-free

Warning building rule book freeze not consequence-free

Warning building rule book freeze not consequence-free

Warning building rule book freeze not consequence-free

A pause or review of the construction code has garnered support as a way to speed up home building but some argue a full hiatus could be counterproductive.

Aussie sunscreen product rubbed out after testing fail

Aussie sunscreen product rubbed out after testing fail

Aussie sunscreen product rubbed out after testing fail

Aussie sunscreen product rubbed out after testing fail

A popular brand's sunscreen has been withdrawn from shelves after it failed to deliver consistent SPF ratings during independent testing.

Treasurer mulls making tax fairer for young Australians

Treasurer mulls making tax fairer for young Australians

Treasurer mulls making tax fairer for young Australians

Treasurer mulls making tax fairer for young Australians

Australia's "unfair" tax system has created a situation where retirees can earn the same income as working households, but pay less than half the tax.

EU pushes for lower US car tariff in trade deal outline

EU pushes for lower US car tariff in trade deal outline

EU pushes for lower US car tariff in trade deal outline

EU pushes for lower US car tariff in trade deal outline

The EU has secured steps to reduce punishing US tariffs on European cars as the two trading partners agree on a framework for resolving their trade dispute.

'Holy grail': treasurer hails quick wins as summit ends

'Holy grail': treasurer hails quick wins as summit ends

'Holy grail': treasurer hails quick wins as summit ends

'Holy grail': treasurer hails quick wins as summit ends

After 29 hours, 327 contributions and one major blow-up, Jim Chalmers' economic roundtable has served up a slew of reform ideas and a few unanswered questions.

Arts sector poised to benefit from AI content deal

Arts sector poised to benefit from AI content deal

Arts sector poised to benefit from AI content deal

Arts sector poised to benefit from AI content deal

Australian creatives would be paid for content used to train artificial intelligence under a model being hashed out by unions and business groups.

Classic country houses holding back the regional dream

Classic country houses holding back the regional dream

Classic country houses holding back the regional dream

Classic country houses holding back the regional dream

Australia's regions are facing a worsening housing shortage, with typical country houses part of the complex problem, a report has found.

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Grid reliability gaps covered, if no project delays

Australia's investment pipeline for clean energy, storage and transmission to replace coal is "healthy", but project delays pose reliability questions.

Red tape on chopping block in bid to build homes faster

Slashing regulations so houses can be built quicker has won universal approval at a government-led economic roundtable, but the finer details are up for debate.

Aussie anxiety fuelling AUKUS submarine social licence

A national mood of anxiety over global volatility has helped build public trust in the community for the controversial and costly AUKUS defence project.

Custodian 'sick of waiting' on heritage decision

A Traditional Owner who launched a legal bid to safeguard rock art on her Country says there'll be nothing left to protect if action is not taken swiftly.

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Pacific nations make passionate plea amid climate fears

Countries on the climate crisis' frontline have called for investment and partnerships to build resilient infrastructure in a heartfelt plea for help.

Australian electric car sales set to keep climbing

The long-term outlook for electric car uptake in Australia is upbeat but shifting policy sands could dampen demand for some models in the near-term.

Bessent says US tariff revenues to rise 'substantially'

US Treasury Secretary Scott Bessent says tariff revenue will be used to cut debt as new import duties hit 407 products including wind turbines and bulldozers.

Trade and skills under spotlight in 'promising' talks

The treasurer has sung the praises of the government's long-awaited roundtable after hours of discussions on productivity, trade and technology.

Gas plant approval wait 'frustrating': Woodside boss

Woodside has linked slow approvals for projects like the North West Shelf to weak productivity growth as the controversial project faces fresh legal challenge.

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.

Qantas sackings 'betrayed Spirit of Australia' values

Qantas is being warned it risks losing its place in the national psyche after its latest indiscretion: a $90 million fine for the illegal sacking of workers.

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