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Latest news: Economy, Business and Finance

Fight and flight: tax inquiry fuming just a smokescreen

Fight and flight: tax inquiry fuming just a smokescreen

Fears startup founders will pack up and move their businesses overseas due to tax changes are unfounded, a parliamentary inquiry hearing has been told.

Shares trim losses as RBA holds rates, outlook unclear

Shares trim losses as RBA holds rates, outlook unclear

Shares trim losses as RBA holds rates, outlook unclear

Shares trim losses as RBA holds rates, outlook unclear

The Reserve Bank has paused its rate hiking cycle, offering investors a breather after a run of poor economic data and worries around investment tax reforms.

'Taken for mugs': KPMG referred for corruption probe

'Taken for mugs': KPMG referred for corruption probe

'Taken for mugs': KPMG referred for corruption probe

'Taken for mugs': KPMG referred for corruption probe

Beleaguered consultancy firm KPMG is under more pressure after being referred to a corruption watchdog, while it also faces a government halt on contracts.

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'Absolute rubbish': work-from-home laws draw fresh flak

'Absolute rubbish': work-from-home laws draw fresh flak

Laws enshrining the legal right to work from home have arrived in the Victorian parliament, angering sections of the state's business community.

Burger joint accused of 'misleading' green promotion

Burger joint accused of 'misleading' green promotion

Popular hamburger franchise Grill'd has been accused of misleading customers over a tree-planting donation campaign.

Super funds lagging on direct renewables investment

Super funds lagging on direct renewables investment

Australia's superannuation sector could be missing its chance to own the nation's green energy future, but the super industry says it's well invested.

Historic Kyiv monastery damaged, 10 killed in Ukraine

Historic Kyiv monastery damaged, 10 killed in Ukraine

European leaders have sharply criticised Russia's latest attacks on Ukraine, which sparked a fire at a UNESCO world heritage site in Kiev.

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Better but 'not perfect' tax reform wins expert support

Better but 'not perfect' tax reform wins expert support

Better but 'not perfect' tax reform wins expert support

Better but 'not perfect' tax reform wins expert support

Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.

Aussie shares surge as US and Iran strike peace deal

Aussie shares surge as US and Iran strike peace deal

Aussie shares surge as US and Iran strike peace deal

Aussie shares surge as US and Iran strike peace deal

Risk assets have soared after the US and Iran agreed to halt fighting and reopen the Hormuz Strait, a transit lane for a fifth of global oil and gas shipments.

Australia's fiscal metrics 'broadly weaker' than peers

Australia's fiscal metrics 'broadly weaker' than peers

Australia's fiscal metrics 'broadly weaker' than peers

Australia's fiscal metrics 'broadly weaker' than peers

A top rating agency has reiterated its confidence in Australia's ability to pay its bills, while hinting at potential longer-term issues with its NDIS spending.

ASX to pay $20.5m penalty for misleading market

ASX to pay $20.5m penalty for misleading market

ASX to pay $20.5m penalty for misleading market

ASX to pay $20.5m penalty for misleading market

The Australian Securities Exchange has reached an agreement with the corporate regulator to settle legal action and avoid a trial over misleading statements.

Government-backed clean manufacturing gets public tick

Government-backed clean manufacturing gets public tick

Government-backed clean manufacturing gets public tick

Government-backed clean manufacturing gets public tick

Most Australians back more government involvement in clean energy, while less than a quarter believe privatisation of the sector has helped the nation.

UK retail giant makes hostile bid for Hype DC owner

UK retail giant makes hostile bid for Hype DC owner

UK retail giant makes hostile bid for Hype DC owner

UK retail giant makes hostile bid for Hype DC owner

The British company that owns Sports Direct is offering to buy Accent Group for $390 million, saying it has concerns about its management and chairman.

Reserve Bank meets with rates tipped to stay on hold

Reserve Bank meets with rates tipped to stay on hold

Reserve Bank meets with rates tipped to stay on hold

Reserve Bank meets with rates tipped to stay on hold

Borrowers can finally expect relief from quickfire interest rate rises with the Reserve Bank poised to maintain the status quo for the first time in 2026.

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Geneva on high alert as 50,000 G7 protesters expected

Luxury shops and banks are boarded up in the Swiss city of Geneva in anticipation of anti-G7 protests as leaders attending the summit are due to fly in.

Relief likely as Reserve Bank tipped to hold cash rate

The Reserve Bank is widely tipped to leave interest rates on hold for the first time this year despite inflation still being above target levels.

Musk's SpaceX surges past $US2 trillion in Nasdaq debut

SpaceX has made its stock market debut in a record initial public offering, with the company's value surging past $US2 trillion.

After record IPO, SpaceX faces test in market debut

SpaceX has made history after raising $106 billion to become the biggest IPO ever. Now the market is set to find out the strength of the stock's "Musk premium".

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BHP accused of 'American-style' strikebreaker tactics

BHP stands to lose $120 million a day if workers follow through with threats to stop work at the mining giant's Port Hedland facility, unions say.

Australian shares rally as traders bet on peace deal

The ASX has enjoyed its best day since April as markets bet once more on hopes for a breakthrough in US-Iran peace talks, sending oil prices to two-month lows.

Cloud forms again over unique smelter and 200 jobs

Difficulties during negotiations have put the future of Australia's only manganese smelter, which is in administration, and hundreds of jobs in doubt.

'Take a breath': Google tells Aussies to relax about AI

Workers need to stress less about the impact of artificial intelligence on their jobs, Google's Australian managing director says, and adapt to the disruption.

Anxious wait for Aussie investors ahead of SpaceX float

Super funds, institutional investors and tens of thousands of retail investors are waiting to see whether they have been allocated shares in the SpaceX float.

Fire agencies on front foot as dry, warm weather looms

Fire agencies in eastern states are alert to what could be an early start to the season as long range forecasts point to warmer and drier conditions than usual.

Australia is seeing 'lower activity' in the IVF space

A fertility services provider, which has twice rejected takeover offers in the past year, says it's seeing lower stimulated cycle volumes in Australia.

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