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Latest news: Economy, Business and Finance

More fuel relief for motorists with halfway measure

More fuel relief for motorists with halfway measure

Motorists will receive an extended discount on fuel but the savings will be lower as the government weighs budget costs against higher bowser prices.

More uncertainty for farmers as El Nino declared

More uncertainty for farmers as El Nino declared

More uncertainty for farmers as El Nino declared

More uncertainty for farmers as El Nino declared

Australian producers have been urged to game plan for a drier, warmer winter and spring, but not panic, following the declaration of an active El Nino.

Small business, payments system brace for payday super

Small business, payments system brace for payday super

Small business, payments system brace for payday super

Small business, payments system brace for payday super

Australia's superannuation payment system is set for a major shake-up but small businesses warn unnecessary penalties could mar the road ahead.

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'Dubious honour': consultancy giants cop trust barb

'Dubious honour': consultancy giants cop trust barb

A senator has been "gobsmacked" over the response by a former KPMG chief to a question over public trust of big consultancy firms at a federal inquiry.

Aussie shares scrape positive week despite mining rout

Aussie shares scrape positive week despite mining rout

Rising global inflation has lifted the odds more central banks will have to hike interest rates, fomenting dark clouds over future earnings growth.

'Missed opportunity': tax findings land as talks go on

'Missed opportunity': tax findings land as talks go on

Labor, the coalition and Greens predictably differed on their assessment of the government's contentious tax changes in a lightning-speed parliamentary inquiry.

'We've made mistakes': KPMG bosses face interrogation

'We've made mistakes': KPMG bosses face interrogation

Past and present KPMG executives have had a tough day defending the firm under intense questioning from senators over an audit leak and whistleblower scandal.

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Tax carve-out backdown fails to cut it with businesses

Tax carve-out backdown fails to cut it with businesses

Tax carve-out backdown fails to cut it with businesses

Tax carve-out backdown fails to cut it with businesses

Policy reversals mean innovative startups will have access to a 50 per cent capital gains discount and a mooted minimum tax on discretionary trusts will be cut.

Aussie shares snap four-day win streak as miners weigh

Aussie shares snap four-day win streak as miners weigh

Aussie shares snap four-day win streak as miners weigh

Aussie shares snap four-day win streak as miners weigh

Miners, energy, real estate and IT stocks have dragged on the Australian stock exchange, amid a repricing of US interest rate expectations.

'Missed opportunity' to act on power plan loyalty tax

'Missed opportunity' to act on power plan loyalty tax

'Missed opportunity' to act on power plan loyalty tax

'Missed opportunity' to act on power plan loyalty tax

The electricity rule-maker has a plan to price power as simply as milk and prevent loyal customers from being overcharged, although some are calling for more.

US Fed begins Warsh era by keeping rates on hold

US Fed begins Warsh era by keeping rates on hold

US Fed begins Warsh era by keeping rates on hold

US Fed begins Warsh era by keeping rates on hold

A statement by the US central bank, the first under chairman Kevin Warsh, has removed any guidance about future interest rate moves.

Qantas picks London for record-breaking non-stop flight

Qantas picks London for record-breaking non-stop flight

Qantas picks London for record-breaking non-stop flight

Qantas picks London for record-breaking non-stop flight

Direct commercial flights between London and Sydney are set to fly for the first time from October 2027, Qantas says.

Shares reverse early losses as oil slide continues

Shares reverse early losses as oil slide continues

Shares reverse early losses as oil slide continues

Shares reverse early losses as oil slide continues

BHP and Macquarie Group have hit new record highs, while gold stocks continue to rebound as easing geopolitical risks reinvigorate investors.

Payout ends Sandilands legal row as Jackie O's rolls on

Payout ends Sandilands legal row as Jackie O's rolls on

Payout ends Sandilands legal row as Jackie O's rolls on

Payout ends Sandilands legal row as Jackie O's rolls on

Kyle Sandilands will get $12 million as his bitter legal fight with ARN comes to an end, but his former on-air partner is still chasing her chunk of change.

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Olympic-sized cost for Games city's bridge revealed

Australia's biggest council has revealed the cost of restoring an Olympic host city's famous bridge, prompting pleas for state and federal financial help.

Mideast deal gives travel firm an 'earnings tailwind'

A government decision to raise travel advice for the Middle East could provide a tailwind for a major travel company, after it downgraded its 2025/26 earnings.

Huge win for coal miner after 'earthquake' blast

A coal company is off the hook for $200,000 in fines after successfully quashing convictions related to a mine blast which landed two workers in hospital.

Gina Rinehart's flagship iron ore mine lays off workers

One of Australia's largest mining operations, owned by billionaire Gina Rinehart, is laying off staff in a bid to extend its mine life by 10 years.

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Qantas to announce launch of ultra-long-haul flights

Qantas is poised to announce the first destinations for the world's longest non-stop flights under its "Project Sunrise" plan that's expected to launch in 2027.

G7 leaders pledge to address global debt vulnerability

G7 leaders have vowed to enhance efforts to address escalating global debt vulnerabilities in developing countries that threaten economic stability.

Buy now, pay later rules reveal hidden financial stress

Australia's buy now, pay later segment is maturing in its first year governed by consumer credit laws after roughly a decade in a regulatory wilderness.

Startups wouldn't exist under tax reform, inquiry told

Investors are warning some of Australia's most successful companies wouldn't exist under proposed tax changes, as Labor pushes ahead with its planned reform.

Slowing economy could shut the door on more rate hikes

Stagnant productivity means households face higher inflation and lower living standards but the treasurer hopes cheaper housing will ward off voter discontent.

'Supercharged': El Nino brings drier, hotter conditions

Scientists say an El Nino phase will bring drier weather, with some advocacy groups worried bushfire conditions could be primed for a tough summer.

RBA keeps rates on hold but leaves door open to hikes

Economists are split on whether the Reserve Bank's latest cash rate decision heralds the end of the hiking cycle or merely a pause before the next move upwards.

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