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Latest news: Economy, Business and Finance

Global energy wobbles power-up electrification push

Global energy wobbles power-up electrification push

Australia's vulnerabilities to global energy price spikes run deep, sparking calls for rapid electrification of transport and other exposed sectors.

'Boring' budget to get finances ready for future shocks

'Boring' budget to get finances ready for future shocks

'Boring' budget to get finances ready for future shocks

'Boring' budget to get finances ready for future shocks

Having sped up home approvals, a building laggard is shifting focus to getting construction going in a bid to reduce the biggest strain on family finances.

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

Pricier supermarkets sour on grocery cost survey

A consumer group has measured the cost of a basket of groceries nationwide but two supermarkets are pushing back against the findings.

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Slight increase in mortgage holders behind on payments

Slight increase in mortgage holders behind on payments

Data has revealed a small rise in the number of mortgages in arrears, but experts say the rate has stayed contained despite cost-of-living pressures.

Debt forecast has alarm bells ringing for Olympic hosts

Debt forecast has alarm bells ringing for Olympic hosts

A state government's debt is set to reach record heights as it plans an Olympics, with the threat of higher borrowing costs for major infrastructure projects.

Surplus in sight but few sweeteners in 'careful' budget

Surplus in sight but few sweeteners in 'careful' budget

A nation-first approach to back up housing projects headlines Australia's largest state budget as critics attack surplus projections and support for services.

Postage price bump gets watchdog's stamp of approval

Postage price bump gets watchdog's stamp of approval

Pen pals and love letters are on track to get a little more expensive as the consumer watchdog gives the nod to a postage price hike.

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Long way to go to stop lending for deforestation

Long way to go to stop lending for deforestation

Long way to go to stop lending for deforestation

Long way to go to stop lending for deforestation

A number of bank-financed landholders might be involved in illegal landclearing, raising questions about lender exposure to risky nature destruction.

Renters fearful of speaking up about essential repairs

Renters fearful of speaking up about essential repairs

Renters fearful of speaking up about essential repairs

Renters fearful of speaking up about essential repairs

Half of Australia's private housing tenants are living in homes in need of repair but are too scared to ask their landlord about it, according to a study.

Major boost for tradie students to solve housing crisis

Major boost for tradie students to solve housing crisis

Major boost for tradie students to solve housing crisis

Major boost for tradie students to solve housing crisis

Tradies will be able to complete their apprenticeships for free as a state government tries to ease the housing crisis.

Spotlight on inflation as state treasurers come clean

Spotlight on inflation as state treasurers come clean

Spotlight on inflation as state treasurers come clean

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

No easy answers to gas network 'death spiral'

No easy answers to gas network 'death spiral'

No easy answers to gas network 'death spiral'

No easy answers to gas network 'death spiral'

Leaving a smaller and smaller customer base to carry the cost of a stranded gas network as households and businesses electrify is not without consequence.

EU-Aust free trade deal: a “middle finger to Trump”

EU-Aust free trade deal: a “middle finger to Trump”

EU-Aust free trade deal: a “middle finger to Trump”

EU-Aust free trade deal: a “middle finger to Trump”

Hopes of inking a speedy European Union-Australia free trade deal appear wishful, with some Brussels observers hosing down expectations.

Oil tumbles, stocks rebound after Trump Mideast pause

Oil tumbles, stocks rebound after Trump Mideast pause

Oil tumbles, stocks rebound after Trump Mideast pause

Oil tumbles, stocks rebound after Trump Mideast pause

Asian and European share markets have risen and oil prices are down after President Donald Trump delayed a decision on the US joining the Israel-Iran conflict.

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Budget billions helps cashed-up state lead debt battle

A seventh surplus budget for the nation's richest state sets it apart from other jurisdictions as it enjoys the lowest debt levels in the country.

Second wind for long-promised nature law reforms

There is no time to waste to fix broken nature laws, Environment Minister Murray Watt says, although early indications suggest climate will not be included.

Labour market stays tight despite surprise drop in jobs

The economy lost some jobs in May, confounding expectations, but the Reserve Bank will likely view it as noise not signs of a weakening labour market.

Pedal to the metal for home prices as rates fall

Sydney and Melbourne are expected to be the fastest-growing property markets in 2025/26 as mortgage rates fall, Domain forecasts shows.

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Treasurer throws down gauntlet for 'crucial' tax reform

The treasurer has kicked off a journey that he hopes will result in broad agreement on changes that help solve Australia's economic challenges.

Optus says yes to record $100m fine for dodgy sales

Optus has agreed to a record fine for "unconscionable" sales to hundreds of consumers, including in remote Indigenous communities its network didn't cover.

Power customers promised tougher rules on price gouging

More downwards pressure on power bills is the goal of planned tweaks to regulated electricity pricing now on the federal government's agenda.

Australia to bolster security and defence with EU

Australia's relationship with the EU is set to become even closer after the two began negotiations on a security and defence partnership.

PM eyes another possible Trump meeting later this month

Anthony Albanese could soon get a second chance to meet with Donald Trump, after the US president abruptly cancelled their first in-person meeting.

Trump wary of EU trade offer while Japan being 'tough'

US Treasury Secretary Scott Bessent remains at a G7 meeting in Canada for trade talks following President Donald Trump's early departure from the summit.

'You worry': fears in Iranian community after bombing

Iranians in Australia say there is growing community fear over the safety of family members caught up in escalating violence in the Middle East.

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