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Latest news: Economy, Business and Finance

Fuel bonus as WA posts eighth straight budget surplus

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

Pacific island nation charts path to diesel freedom

Pacific island nation charts path to diesel freedom

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

What Avril Lavigne can teach Chalmers ahead of budget

What Avril Lavigne can teach Chalmers ahead of budget

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

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

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

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

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.

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

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

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

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 told to 'support customers' facing hard times

Lenders told to 'support customers' facing hard times

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

Supermarket brings back soft plastics collection points

Supermarket brings back soft plastics collection points

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.

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

Trump pauses effort to escort ships in Strait of Hormuz

Trump pauses effort to escort ships in Strait of Hormuz

Trump pauses effort to escort ships in Strait of Hormuz

Trump pauses effort to escort ships in Strait of Hormuz

Donald Trump says the US initiative to secure shipping through the Strait of Hormuz is being paused to see if an agreement with Iran can be finalised.

'A joke': Fortescue founder takes on diesel tax credit

'A joke': Fortescue founder takes on diesel tax credit

'A joke': Fortescue founder takes on diesel tax credit

'A joke': Fortescue founder takes on diesel tax credit

A campaign to wind back the diesel tax credit for big mining giants has been given fresh legs by Andrew Forrest, chair and founder of iron ore giant Fortescue.

Hantavirus-hit cruise ship to head to Spain

Hantavirus-hit cruise ship to head to Spain

Hantavirus-hit cruise ship to head to Spain

Hantavirus-hit cruise ship to head to Spain

Spain is allowing a cruise ship hit by hantavirus and three deaths to dock in the Canary Islands, as authorities investigate if transmission occurred on board.

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Consumers hang tough despite echoes of COVID headwinds

Economic echoes of the post-COVID-19 period indicate global volatility will not break Australia's hunger for credit, lowering the odds of recession.

'Downside risks': warning as state debt edges to $200b

A $200 billion state budget debt bomb remains live and ticking as a long-time Labor government favours cost-of-living measures for struggling families.

Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

Aussie shares trim losses but higher rates here to stay

The Australian share market fell to a four-week low ahead of an expected interest rate hike, a clear RBA majority decision pointing to higher rates for longer.

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Inflation, growth, rates all hinge on end to conflict

The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.

Big bank warns of recession risk as uncertainty lingers

The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.

Stalled methane fight risks climate, energy security

Concerted efforts to curb methane from fossil fuel production in Australia and around the world could benefit both the climate and energy security.

Follow-up talks to put 'flesh on bone' of Japan deals

A raft of fresh agreements struck between the Japanese and Australian leaders will be incremental but important, analysts say.

Shares off to shaky start ahead of interest rates call

Energy, utilities stocks and consumer staples have dipped as investors take profits and mull the latest plan to ease the shipping logjam in the Hormuz Strait.

Australia turns to Japan to help soften 'global shocks'

Australia will be less vulnerable to global events such as the fuel crisis after signing a series of agreements with Japan, Anthony Albanese says.

'Pressure on Iran': foreign minister urges peace deal

Penny Wong has welcomed plans by the US to escort ships through the Strait of Hormuz, while urging America and Iran to strike an agreement.

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