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Latest news: Economy, Business and Finance

Summer climate 'whiplash' hitting harder and faster

Summer climate 'whiplash' hitting harder and faster

Australia is seesawing between floods and fires with increasing frequency, leaving a trail of ecosystem stress, property damage and strained council budgets.

Trump-Xi meeting could be delayed, White House says

Trump-Xi meeting could be delayed, White House says

Trump-Xi meeting could be delayed, White House says

Trump-Xi meeting could be delayed, White House says

A White House spokeswoman says it is possible US President Donald Trump's visit to China could be delayed.

Fuel tax cut urged to avoid fruit 'rotting on trees'

Fuel tax cut urged to avoid fruit 'rotting on trees'

Fuel tax cut urged to avoid fruit 'rotting on trees'

Fuel tax cut urged to avoid fruit 'rotting on trees'

As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.

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Past disruptions show Australian workers can weather AI

Past disruptions show Australian workers can weather AI

A federal government minister says Australia could see the creation of lots of jobs involving empathy and human connectedness as AI adoption increases.

Energy markets face uncertain environment: oil producer

Energy markets face uncertain environment: oil producer

The war in the Middle East is having wide-ranging impacts on markets, oil and gas producer Woodside has told investors at its annual sustainability briefing.

Emergency global stockpile oil coming soon, IEA says

Emergency global stockpile oil coming soon, IEA says

Emergency oil reserves from Asia and Oceania ‌will be available immediately, the International Energy ‌Agency says as it details the release of stockpiles.

Trump warns of more strikes on Iran's oil export hub

Trump warns of more strikes on Iran's oil export hub

US President Donald Trump has warned of more strikes on Iran's Kharg Island as he pressures allies to send warships to help secure the Strait of Hormuz.

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Startup putting lab-grown meat on more Aussie plates

Startup putting lab-grown meat on more Aussie plates

Startup putting lab-grown meat on more Aussie plates

Startup putting lab-grown meat on more Aussie plates

The reviews are rolling in for the cultivated quail products gracing Australian plates in high-end restaurants after being grown in a lab.

Patrons unlikely to be refunded millions from festival

Patrons unlikely to be refunded millions from festival

Patrons unlikely to be refunded millions from festival

Patrons unlikely to be refunded millions from festival

Patrons have vented their frustration after being told they are unlikely to get their money back from a long-running festival that was abruptly cancelled.

Blues fans see red as organisers pull plug on festival

Blues fans see red as organisers pull plug on festival

Blues fans see red as organisers pull plug on festival

Blues fans see red as organisers pull plug on festival

A popular Australian festival has been abruptly cancelled three weeks before it was due to begin, blaming poor ticket sales and rising production costs.

'Broken and unfair': states urge change to GST carve-up

'Broken and unfair': states urge change to GST carve-up

'Broken and unfair': states urge change to GST carve-up

'Broken and unfair': states urge change to GST carve-up

The cost to Australian taxpayers of a contentious GST carve-up will rise by another $6.6 billion in 2026/27, sparking fresh anger from critics of the deal.

Supercharged inequality: rich investors stifle budget

Supercharged inequality: rich investors stifle budget

Supercharged inequality: rich investors stifle budget

Supercharged inequality: rich investors stifle budget

Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Tankers burn as Iranian strikes defy Trump's 'victory'

Massive fireballs have lit up the sky over the Gulf as Iranian attacks on oil tankers flout President Donald Trump's claim the US has won its war with Tehran.

Atlassian workers in shock after AI-related layoffs

Atlassian workers in shock after AI-related layoffs

Atlassian workers in shock after AI-related layoffs

Atlassian workers in shock after AI-related layoffs

Almost 500 Atlassian employees in Australia are reeling after being told via email that their services are no longer required.

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Big four banks predict three consecutive RBA rate hikes

The Middle East conflict could prompt the Aussie dollar to plummet and the Reserve Bank to hike interest rates to 15-year highs in 2026, analysts say.

Gassy, koala-threatening coal mine gets state stamp

Environmental groups are urging the federal government to act to prevent a coal mine emitting methane pollution and destroying koala habitat.

Lithium miner at 'inflection point' despite latest loss

Rising electric vehicle and grid energy storage demand will continue to support lithium prices, a mineral miner's leader says as it targets consistent profits.

Data centre blackout risk spurs tougher standard call

Data centres could soon be subject to stricter grid connection standards to protect Australia's network from blackouts and instability.

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Iran fires at bases and ships despite intense strikes

Explosions have rung out across the Mideast as Iran launched strikes and shook energy supplies, even after the US and Israel's most fierce attacks of the war.

Iran conflict raises spectre of triple RBA rate hike

Households are being warned to brace for a second interest rate rise in as many months as three big banks react to comments from a top Reserve Bank official.

'Be bold': Spender urges income tax shake-up in budget

Australia's tax system needs to be rebalanced towards effort and ingenuity, independent MP Allegra Spender said as she launched her tax reform blueprint.

'Significant spikes': servos to face huge gouging fines

Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.

Former PM laments coalition's anti-climate 'religion'

Opposition to taking action on climate change is intensifying and driven by ideology rather than engineering, says former prime minister Malcolm Turnbull.

Lululemon hit with hefty fine after spam email breaches

A popular athleisure brand has copped a hefty fine for sending thousands of spam emails without giving the recipient the option to unsubscribe.

Super tax changes a 'down payment' for greater reform

The Greens want the federal government to make the tax system fairer for young Australians in the budget after agreeing to pass changes to superannuation taxes.

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